Agribusiness giant, Archer Daniels Midland (ADM) Company posted a huge increase in its second-quarter 2020 profit, supported by growth in its nutrition and agricultural services divisions.
An investigation is underway to determine the cause of an explosion at an Archer Daniels Midland Co (ADM) oilseed crushing and refining plant in Erith, in southern England last Friday [June 19].
Agribusiness giant, ADM, closed a $1.5bn notes offering last week, comprising an $0.5 bn aggregate principal amount of 2.75% notes due in 2025 and an $1bn aggregate principal amount of 3.25% notes due in 2030.
Archer Daniels Midland looks to grain transportation and supply chain changes, renewable electricity and biomass fuel use to lower greenhouse gas emissions in new sustainability plan.
The companies have also been highlighting their role in maintaining the feed and food supply chain during the pandemic, and the steps being taken to prevent the COVID-19 coronavirus from entering their facilities.
A fire at an Archer Daniels Midland (ADM) corn processing plant in Clinton, Iowa has been extinguished without reported injuries or hindering production at the plant.
ADM reported that its animal nutrition business recorded substantial growth in the fourth quarter of 2019 compared to the same period in the prior year.
The National Grain and Feed Association (NGFA) in the US is working to establish an electronic method to account for grain trading and movement by barge to reduce industry costs and streamline current practices.
Archer Daniels Midland Company’s animal nutrition business is focusing on the integration of Neovia, developing alternative ingredients and supporting the feed industry’s move away from antibiotic use.
ADM Animal Nutrition is focusing on developing feed ingredients and nutritional products for aquaculture, along with the broader animal nutrition industry, and customer collaboration at the new site in Decatur, Illinois.
Work to build a new feed technology center at the University of Illinois is seeing in-state support from Illinois-based ADM and AGCO, which provided $2.5m in funding and 200,000 bushels of grain storage, respectively.
