We track various incidents in the past week impacting the US feed and pet food sectors from a damaged pipeline serving a Bunge soy processing site in Indiana, to a lawsuit filed against Tyson Foods and an expanded recall of pet food.
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.
US agribusiness giant, Bunge, has entered into a definitive asset purchase agreement with Fuji Oil New Orleans to acquire its newly constructed, port-based refinery located in IMTT’s Avondale Terminal, Louisiana, on the Mississippi River.
Fourteen of the world’s largest agricultural commodity and trading companies have released a roadmap aimed at addressing deforestation associated with palm, beef, and soy production in biomes around the world.
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.
Bunge reports that it has exceeded its non-deforestation targets for monitoring and traceability of soybean crops from its indirect supply chain in the Brazilian Cerrado.
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.
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 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.
Covantis, a technology company focused on digitizing international trade, says it has received regulatory approvals and has launched as a legal entity, based in Geneva, Switzerland.
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.
