Olam International has restructured its business to “unlock” further growth, with the potential for IPO listing of its new and distinct operating groups, one focused on food ingredients, the other on global agriculture.
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.
The anticipation of poorer prices in Mexico's livestock and poultry sectors coupled with declining sorghum production and increasing prices are expected to reduce use of the feed grain in that market, says analyst.
Following up on Wednesday’s trade agreement progress with China, the US Senate approved the revised trade agreement with Canada and Mexico (USMCA) on Thursday [January 16]. The development was welcomed the US feed sector.