Markets

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ADM stocks plunge as CFO placed on leave amidst investigation

By Jane Byrne

ADM shares plummeted by a staggering 24%, according to media reports on Monday, following the decision to place its CFO, Vikram Luthar, on administrative leave amid an ongoing investigation into accounting practices within its nutrition business.

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Irish ag minister launches dairy-beef systems action plan

By Teodora Lyubomirova

During a seminar organized by the Irish Food Board (Bord Bia), the Irish Cattle Breeding Federation and Teagasc, the minister discussed how to make dairy calf to beef systems ‘a profitable and sustainable option for farmers’.

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Five startups that captured our attention in 2023

By Jane Byrne

In 2023, the startup ecosystem faced persistent challenges due to economic uncertainties, anticipated interest rate increases, and the lingering effects of previous bank failures, as reported by EY.

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Uncertainty clouds EU's compound feed demand outlook

By Jane Byrne

The impact of animal diseases, economic ambiguity, continued high food price inflation, persistent weather irregularities and increased imports of poultry products from Ukraine are affecting EU27 compound feed production, says FEFAC.

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EU soy output to hit record high

By Jane Byrne

Soy output in the EU-27 is projected to reach 3m tons this season, an all-time high, and an increase of 33% against 2022.

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Agri-commodity market trends

IGC forecasts 7% jump in global soybean output

By Jane Byrne

World soybean production for 2023-2024 is forecast to expand by 7% year on year (y/y) to a record of 395 million tons, chiefly linked to bigger crops in South America, notes the latest update from the International Grains Council (IGC).

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Bunge reveals value of CJ Selecta acquisition

By Jane Byrne

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).

William Reed expands leading portfolio with agtech focused website. Credit: Getty/witsarut sakorn

News

William Reed launches new agtech website

By Bethan Grylls

The company behind leading titles including Food Manufacture, British Baker and The Grocer, has launched a new site dedicated to the agtech space.