GFM Network News

More News →

Author Archives

Vegetable oil prices declined to a five-month low from June.
News

World food prices fall for second month in July

Prices still remain higher than last year, despite monthly declines

By
Reuters – World food prices eased for a second month in a row in July, reflecting declines for cereals, vegetable oils and dairy products, but remained up nearly a third over the past year, the United Nations food agency said Aug. 5. The Food and Agriculture Organization’s (FAO) food price index, which tracks international prices
A barley crop south of Ethelton, Sask. on July 30, 2019. (Dave Bedard photo)
Crops, Markets

China’s appetite for feed barley sucks in new crop from Canada, France

Tariff on Australian barley favours other suppliers

By ,
Paris | Reuters — China’s buying spree of French and Canadian barley is spilling into the 2021-22 crop with large forward purchases, due to its major feed grain needs and a prohibitive tariff on Australian barley, traders and analysts said. China has been sweeping up huge volumes of foreign crops to help feed a pig
(Groupe Soufflet video screengrab via YouTube)
Crops

InVivo in talks to acquire French agribusiness Soufflet

Firms see limited overlap outside grain trading

By , ,
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
Barley south of Ethelton, Sask. in early August 2017. (File photo by Dave Bedard)
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 , ,
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
Louis Dreyfus’ oilseed processing plant at Yorkton, Sask. (LDC.com)
Crops, Markets

Louis Dreyfus to gain first outside investor

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

By ,
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

Louis Dreyfus top shareholder gets finance to buy out minorities

By ,
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

Special Podcast

AgCanadaTV

AGCanadaTV: In Case You Missed It – Your National Ag News Recap for the week ending October 15, 2021.

Sponsored By:
More Videos →

Daily Newsletter

You'll receive current daily news every morning free, as well as market updates and special features.