GFM Network News

(File photo by Dave Bedard)

Cargill expects grain glut to last long time

Seoul | Reuters –– Commodity firm Cargill expects international grain markets to remain oversupplied for a long time due to bountiful harvests and a rise in storage, the head of the global commodity trader said on Friday. Bumper crops have flooded many markets, dragging on prices for grains and hitting profits at agribusiness giants including

South Korea suspends some U.S. beef imports over feed additive

South Korea has suspended some U.S. beef imports after detecting the cattle feed additive zilpaterol in meat supplied by a unit of JBS USA, raising concerns that the controversial animal growth enhancer may still be in the supply chain weeks after its manufacturer Merck halted sales of Zilmax, the top-selling zilpaterol-based drug. The South Korean