GFM Network News

Marubeni to close Australian grain business

Sydney/Hamburg | Reuters — Japan’s Marubeni Corp. is to close its Australian grain trading business after a review of its global operations. The move “is not in any way reflective of the performance of Marubeni Australia’s grain trading business division, which has been trading profitably for the past three years,” Makoto Kajitani, chairman and managing

Drought Starting To Cut European Wheat Yields

Concern is growing that dryness is now damaging wheat in the European Union’s top producers France, Germany and Britain but late rain could still save the crops, analysts said on Tuesday. Some yield damage may have occurred in top EU wheat producer France, where harvest forecasts are being scaled back. In No. 2 producer Germany,

Germany Announces Anti-Dioxin Action Plan

Germany announced a plan to enforce higher standards in animal feed production Jan. 14 after the discovery of toxic chemical dioxin in feed, which has triggered a health alert and hit sales of German eggs and pork. German and European Union authorities are struggling to contain the alert which began on Jan. 3, when German