Bunge Archives - Page 5 of 14 - Manitoba Co-operator

Signage on Viterra’s office building in Regina. (Dave Bedard photo)

Viterra in talks to merge with Bunge, source says

Merger would vault Viterra into top tier of grain trade

By GFM Network News May 25, 2023

Reuters — Global grain trader Viterra is in talks to merge with U.S. rival Bunge Ltd., according to a person familiar with the matter, in a potential mega-deal that would reshape the top tier of global grains merchants. There is no certainty that Viterra, part-owned by Switzerland-based mining and trading giant Glencore, will be able

Markets, News

BP Bunge to quit mineral fertilizers by 2025

By Ana Mano February 2, 2023

Reuters – The Brazil-based joint venture between energy company BP and agri-business Bunge will phase out use of mineral fertilizers on sugarcane fields by 2025, the companies said in a Jan. 23 statement. Instead, it will increase use of biological alternatives developed by Brazil’s agricultural research agency Embrapa. The move, which comes after a rise

News

Bunge to build soy processing facility in Indiana

By Reuters December 30, 2022

Bunge said Dec. 15 it would invest about US$550 million to build a soy protein concentrate facility in Indiana to cater to a rising demand for plant-based food products and processed meats. The new facility, adjacent to the company’s soybean processing plant in Morristown, is expected to process an additional 4.5 million bushels of soybeans.

Crops, Markets

Bunge expects U.S. renewable diesel capacity of about five billion gallons by 2024

By GFM Network News, Tom Polansek December 7, 2022

Chicago | Reuters — U.S. renewable diesel production capacity will more than double to about five billion gallons by 2024 from about two billion gallons, Bunge CEO Greg Heckman said on Tuesday. The agricultural commodities trader has not altered its own capacity plans due to a U.S. government proposal on biofuels announced last week, Heckman

Bunge’s refined and specialty oils segment turned in stronger quarterly earnings in the Americas and Europe. Photo: Thinkstock

Crop merchant Bunge raises full-year profit outlook

By GFM Network News, Karl Plume October 26, 2022

Agricultural commodities trader Bunge Ltd BG.N on Wednesday raised its full-year earnings outlook after posting an adjusted third-quarter profit that topped expectations, sending its shares up about 2 per cent in premarket trading. The improved forecast was attributed to favorable market conditions as tight global crop supplies and strong demand have benefited supply chain middlemen

Crops

Bunge to sell oilseed processing business in Russia

Grain firms scaling back Russian business

By GFM Network News, Reuters September 19, 2022

Reuters — Agricultural commodities trader Bunge said Monday it has agreed to sell its oilseed processing business in Russia to Karen Vanetsyan, the controlling shareholder of Exoil Group. The sale includes the sunflower processing plant in Voronezh. Bunge and its rivals ADM, Cargill and Louis Dreyfus — part of the so-called ABCD quartet of global

Markets, News

Bunge says updating select facilities to crush new oilseed covercress

Modified weed can produce fuel oil and act as cover crop

By Karl Plume May 17, 2022

Reuters – Global grains merchant Bunge Ltd. is updating select U.S. crushing facilities to process covercress, a gene-edited version of an annual weed also known as field pennycress, that it says can be used to produce renewable fuel, the company said May 4. Bunge and oil company Chevron Corp. announced a strategic partnership with CoverCress

Then-federal Agriculture Minister Gerry Ritz (second from right) announces G3’s plan to take a majority stake in CWB in April 2015 in Winnipeg. (Dave Bedard photo)

Crops

Farmers’ CWB class action lawsuit gets certified

Suit claims federal government wrongly used farmers' money to help privatize the Wheat Board

By Allan Dawson, GFM Network News April 8, 2022

A class action lawsuit alleging the government of Canada and G3 Canada Ltd. unlawfully used millions of farmer dollars to privatize the Canadian Wheat Board (CWB) has been certified after wending its way through the courts for 10 years. Court of Queen’s Bench Justice Chris Martin delivered his written judgment Tuesday in Winnipeg, clearing the

Crops, Other

Bunge says sanctions may have ‘adverse effect’ on Russian operations

By GFM Network News, Karl Plume March 2, 2022

Reuters — Global agricultural commodities trader Bunge said continued conflict in Ukraine and stinging sanctions on Russia could have an “adverse effect” on its operations in the breadbasket region. Bunge and rival agribusinesses ADM and Cargill suspended operations in Ukraine last week after Russia invaded its neighbour. But none have stopped their business in Russia

Markets

Bunge raises 2021 profit outlook on higher food, renewable fuel demand

By Arunima Kumar, GFM Network News, Karl Plume October 27, 2021

Bunge Ltd reported stronger-than-expected third-quarter results and raised its full-year profit outlook on Wednesday for a third time this year amid improved demand for food and renewable fuel as pandemic restrictions have eased. Although volumes in the U.S. agricultural commodities trader’s core agribusiness and its refined and specialty oils units were down, robust oilseed processing

Daily Network News

Huge crops in South America says analyst

U.S. livestock: ‘Cattle on feed’ report supports prices

U.S. grains: Wheat trades near contract lows under ample global supply

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