Reuters — Commodity trader Louis Dreyfus Corp. is in talks to sell a stake to Abu Dhabi sovereign wealth fund ADQ, Bloomberg News reported on Friday, citing people familiar with the matter. For the privately held company, which has been facing a challenging business environment, bringing external investors would be a first in its 169-year
Dreyfus reportedly in talks to sell stake to Abu Dhabi’s ADQ
Zimbabwe says foreign white farmers can apply to get back seized land
Harare | Reuters — Foreign white farmers settled in Zimbabwe whose land was seized under Robert Mugabe can apply to get it back and will be offered land elsewhere if restitution proves impractical, the government said on Monday. Last month, Zimbabwe agreed to pay US$3.5 billion in compensation to local white farmers whose land was
Syngenta says IPO ‘on track’
Ag chem firm books higher first-half profit
Zurich | Reuters — Agricultural chemical maker Syngenta posted higher first-half profit and sales on Thursday, helped by maintaining supplies to farmers and controlling costs during the coronavirus outbreak, and said it was on track to complete its public listing by mid-2022. The Swiss company, bought by state-owned ChemChina for $43 billion in 2017, posted
Kuwait to rebuild Beirut port grain silo after blast
Beirut | Reuters — Kuwait said it will rebuild Lebanon’s only large grain silo that was destroyed by the massive Beirut port explosion, raising fears of food shortages in a country already in financial meltdown. The destruction of the 120,000-tonne capacity structure at the port, the main entry point for food imports, meant buyers must
Nestle launching pea-based vegan alternative to tuna
'Vuna' going first to Swiss supermarkets
Zurich | Reuters — Food giant Nestle is launching a new plant-based tuna alternative in Switzerland this month ahead of a global rollout, hoping that consumers eating at home during the COVID-19 pandemic will stay eager to try new products. Known for Maggi soups and bouillon cubes, Nestle has been investing in plant-based food to
China June pork imports jump 128.4 per cent on year
China imported 400,000 tonnes of pork in June, customs data showed recently, up 128.4 per cent from the same month a year earlier, as a months-long buying spree continued as importers try to help plug a domestic shortage. China’s pork output declined by about a fifth in the first half of 2020 after an epidemic
Mexico to phase out use of glyphosate
Farmers to have until 2024 to phase out herbicide
Mexico City | Reuters — Mexico will gradually phase out use of the herbicide glyphosate by the time the current administration ends in late 2024, President Andres Manuel Lopez Obrador said on Wednesday, following a ministerial spat over the product. Acknowledging differences between his agriculture and environment ministries over the herbicide, which is used in
Nutrien cuts profit forecast on weak ammonia prices
Reuters — Canadian fertilizer maker Nutrien on Monday cut its annual adjusted profit forecast as weaker-than-normal industrial demand held back prices for ammonia and urea ammonium nitrate. The company cut the top end of its 2020 adjusted earnings per share forecast to $1.90 from $2.10 earlier, while retaining the lower end at $1.50. Even as
U.S. livestock: Hog futures rise on good cash market demand
October live cattle close lower
Chicago | Reuters — Chicago Mercantile Exchange hog futures rose on Friday on signs of strength in the cash market after prices had stagnated, traders said. “Recent price weakness uncovered fresh demand, triggering buying on the board this morning that tripped buy stops, accelerating gains,” StoneX chief commodities economist Arlan Suderman wrote in a note
U.S. livestock: Cattle, hog futures fall after bearish export reports
Chicago | Reuters — Chicago Mercantile Exchange hog and cattle futures fell on Thursday, pressured by signs of declining export demand for U.S. supplies. The U.S Agriculture Department on Thursday morning said that beef export sales totaled 15,100 tonnes in the week ended July 30, down 50.8 per cent from the 30,700 tonnes reported a