Articles by Gus Trompiz | Manitoba Co-operator

InVivo in talks to acquire French agribusiness Soufflet

Firms see limited overlap outside grain trading

By GFM Network News, Gus Trompiz, Sybille De La Hamaide January 14, 2021

Paris | Reuters — Co-operative group InVivo has entered exclusive talks to acquire family-controlled Soufflet in a deal that would create one of Europe’s biggest agricultural businesses with 10 billion euros (C$15.5 billion) in sales, the French firms said on Wednesday. The potential consolidation comes as France, the European Union’s largest agricultural producer, is trying

Crops, Markets

Barley trade routes redrawn as China tariff hits Australian farmers

China's barley purchases from Canada more than double last year's

By GFM Network News, Gus Trompiz, Jonathan Barrett November 17, 2020

Sydney/Paris | Reuters — Out in Australia’s grain fields, farmers have started harvesting one of their biggest-ever barley crops, after drought-relieving rains convinced many to plant to the edges of their paddocks. Yet the tractors are working under the cloud of a new tariff imposed by China — seen widely as retaliation for Australia’s push

Crops, Markets

Louis Dreyfus to gain first outside investor

Abu Dhabi's ADQ fund to acquire indirect 45 per cent stake

By GFM Network News, Gus Trompiz November 11, 2020

Paris | Reuters — Louis Dreyfus Co. (LDC) has agreed to sell a 45 per cent stake to Abu Dhabi’s ADQ, the companies said on Wednesday, the first outside investment in the family-owned commodity merchant’s 169-year-old history. The deal comes after a search by chairwoman Margarita Louis-Dreyfus for an investor to relieve debt built up

Grain Markets, Markets

Algeria set to allow Russian wheat imports — French exporters

By Gus Trompiz, Sybille De La Hamaide September 29, 2020

Algeria is planning to open up its market to imports of Russian wheat, a French exporters’ group said recently, a long-anticipated move that could shake up competition in one of the world’s largest consumers of the grain. The country is changing its import terms to allow the shipment of wheat of Black Sea origin, including

Markets, News

French grain industry in logistics scramble as shoppers bulk buy

By Gus Trompiz, Sybille De La Hamaide April 1, 2020

Reuters – France’s grain industry is scrambling to find enough trucks and staff to keep factories and ports running as panic buying of pasta and flour because of the coronavirus pandemic coincides with a surge in wheat exports. The French government’s designation of the food sector as a strategic priority has helped pasta manufacturers, flour

Crops

Louis Dreyfus expects tough year on trade war, swine fever

By GFM Network News, Gus Trompiz October 7, 2019

Paris | Reuters — Agricultural commodity giant Louis Dreyfus warned on Monday that international trade tensions and a swine disease epidemic would continue to weigh on its activities in the rest of the year after pushing down first-half profit. The interim results reversed a rebound in group profits in the second half of last year

Crops, Markets

Shut out of China, Canada finds canola buyers in drought-damaged Europe

By GFM Network News, Gus Trompiz, Rod Nickel August 22, 2019

Winnipeg/Paris | Reuters — Crop-scorching drought in Europe is providing Canadian canola farmers a timely new opportunity to move supplies that have piled up since China stopped buying this year. Rising European sales are taking some of the sting out of losing the Chinese market for Canadian farmers, although ICE canola futures prices are down

Louis Dreyfus top shareholder gets finance to buy out minorities

By GFM Network News, Gus Trompiz November 7, 2018

Paris | Reuters – Margarita Louis-Dreyfus, top shareholder of commodity giant Louis Dreyfus Company (LDC), said she had secured financing for a deal that requires her to buy out family minorities, a move that has created uncertainty over the firm’s funding. Minority family shareholders asked in 2015 to sell 16.6 percent of LDC’s holding company

Cereals, Crops

Drought slashes EU wheat, export surplus to be cut

By GFM Network News, Gus Trompiz, Michael Hogan, Nigel Hunt August 10, 2018

Hamburg | Reuters – Drought and a heatwave that scorched fields in northern Europe may cut the European Union’s wheat export surplus and the bloc will need to consume more of its own grains, experts said on Friday. French analysts Strategie Grains forecast a 10 percent smaller EU soft wheat harvest this year, with northern

Dutch grain trader Nidera is one of the recent acquisitions COFCO hopes will transform it into a top international grain company.

Crops, International news

China’s COFCO makes painful cuts in drive to lead global food trade

The state-owned trading company is aiming to elbow its way in to the club of top grain traders

By Gus Trompiz, Hallie Gu, Jonathan Saul January 31, 2018

China’s COFCO International is in the throes of a staffing upheaval as the group pursues its professed ambition of sitting at the top table of global agricultural traders. But doubts persist among some in the industry over whether the trading firm will really challenge the existing four dominant players in grains, oilseeds and sugar. In

U.S. grains: Soybeans dive to biggest weekly loss in 6-1/2 years

U.S. livestock: Feeder cattle gain from falling feed prices

U.S. grains: South American supply issues wane

GFM Network News

U.S. grains: Soybeans dive to biggest weekly loss in 6-1/2 years

U.S. livestock: Feeder cattle gain from falling feed prices

U.S. grains: South American supply issues wane

Author Archives Gus Trompiz

InVivo in talks to acquire French agribusiness Soufflet

Barley trade routes redrawn as China tariff hits Australian farmers

Louis Dreyfus to gain first outside investor

Algeria set to allow Russian wheat imports — French exporters

French grain industry in logistics scramble as shoppers bulk buy

Louis Dreyfus expects tough year on trade war, swine fever

Shut out of China, Canada finds canola buyers in drought-damaged Europe

Louis Dreyfus top shareholder gets finance to buy out minorities

Drought slashes EU wheat, export surplus to be cut

China’s COFCO makes painful cuts in drive to lead global food trade

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AGCanadaTV: In Case You Missed It – Your National Ag News Recap for the week ending January 22, 2021.

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