EU crushing companies are singing the same tune. Once again they report being unable to sell soybeans they purchased at their real value as most customers are not willing to buy soy products certified sustainable, including no-deforestation criteria,...
Bunge disclosed the value of the CJ Selecta deal during its call with analysts following the company’s Q3 2023 earnings release last week. It is paying out around US$600m to acquire the Brazilian manufacturer and exporter of soy protein concentrate (SPC).
Soymeal futures for December-reached a six-month high on a spot contract basis in previous days, after Bunge stoked concerns over soy soybean supplies running out in Argentina, finds an oilseeds market outlook from CRM Agri.
A report by Mighty Earth, in partnership with Repórter Brasil and Instituto Centro de Vida (ICV), links US soy trader, Bunge, to the equivalent of 15,897 soccer fields of recent deforestation in the threatened Cerrado savannah in Brazil.
Existing investors in Viterra, Canada’s biggest pension funds, would back a potential merger between the Glencore Plc entity and Bunge Ltd, according to a report by Bloomberg.
Leading soy traders have collectively developed a protocol to monitor and trace soybeans from indirect suppliers in the Cerrado, they have also initiated a financial scheme to incentivize sustainable land use practices.
An investigation by Global Witness alleges that global commodity traders, ADM, Bunge and Cargill, are dealing in ‘conflict-tainted soy’ sourced from powerful agricultural producers in Brazil.
A Norwegian poultry producer, working with a leading local feed company, has moved to exclude Brazilian soy from its supply chain, relying on a new soy-free feed formulation for its annual broiler production which covers 650,000 birds.
China’s COFCO Corporation is reportedly set to combine its international agriculture trading business platform with several domestic entities to enable it to compete on a more equal footing with ag trading powerhouses: Cargill, Bunge, ADM, and Louis Dreyfus...
Agribusiness giant, Bunge, last week announced it was launching a new monitoring program in the Cerrado, becoming the first global company to foster mass action in that region to track indirect purchases of soybeans.
The strike by oilseed workers in Argentina has been brought to an end. Soy crushing companies signed a contract with the country’s oilseed workers unions last week.
Agribusiness giant, Bunge, says its recently released 9th Non-Deforestation Progress Report highlights additional progress the group has made toward its goal of achieving deforestation-free value chains worldwide by 2025.
The six major soy traders that make up the Soft Commodities Forum (SCF) say that they are on track to achieve traceability to farm for 95% of their direct soy sources in 25 municipalities in the Brazilian Cerrado by the end of 2020.
Grains and oilseeds transport flow has improved on Argentina's Parana River following a slowdown caused by debris from a landslide slowed cargo ships over the weekend, the local ports chamber told Reuters yesterday.
Agri-commodities giant, Bunge, is to sell 35 of its US grain elevators to Zen-Noh Grain Corporation. The completion of the sale is subject to customary closing conditions, including regulatory approval.
Agribusiness and grain results are boosting fourth quarter returns for Bunge Limited based, in part, on origination and improved farmer selling in South America.
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.
Challenging conditions for agribusiness, including delayed farmer selling, trade uncertainty and slower demand for soybean meal negatively influenced third quarter results of Bunge Limited.
Bunge Limited announced Tuesday [August 13] that it was starting the process of moving its global headquarters from White Plains, New York to the St Louis, Missouri metropolitan area.
Severe weather and ongoing trade challenges between the US and China contributed to a decline in second-quarter earnings for Archer Daniels Midland (ADM).
The Deluxe Feeds feed mill in Sheldon, Iowa in the US is continuing to operate following an onsite fire and explosion, in which there were no injuries.
Nestlé has come out top in relation to soy in the latest Forest 500 report that rates food manufacturer, trader, retailer, food service and financial institutions’ efforts to tackle commodity led deforestation in all sourcing regions.
Production at Bunge’s soybean crushing plant in Brest, France has been on hold for a number of days due to a strike following a fire in a storage silo, the company told Reuters yesterday [March 18].
Cargill is seeing movement among members of its leadership team, as part of ongoing plans to address high potential markets, operational integration and fiscal discipline.
BioMar recently asked commodity supply chains risk assessment provider, NEPCon, to scrutinize its soy value chain in Brazil, as part of the Danish company’s source-to-market rating process of its raw material portfolio – Sustainable Solutions Steering.
Summer has not been a quiet season for many companies and organizations in the animal feed and agricultural industries. Several have seen the arrival of new faces, while a few others have said farewell to longtime employees.
Bunge is reporting mixed results for the second quarter of its fiscal year with an overall drop in earnings somewhat offset by gains for its agribusiness segment.
