Olam International (Olam) has announced a partnership with Mitsubishi Corporation of Japan (MC) in which MC will invest US$64m for an 80% equity interest in wholly owned subsidiary, Olam Grains Australia (OGA).
Indian purchases of wheat from local farmers are set to climb at least 8 percent this year, bolstering government stocks against forecasts of below-average monsoon rains and the spectre of a possible El Nino weather pattern.
Indonesia is set to miss its ambitious targets on the use of biodiesel this year due to logistical and infrastructure problems, government officials and analysts said, potentially weighing on the price of palm oil.
U.S. corn and soybean futures rose for the second straight session on Thursday, supported by concerns that heavy rains in some growing areas of the United States may have caused damage to developing crops, traders said.
A group of animal feed makers in the Philippines has made an initial purchase of about 85,000 tonnes of optional-origin feed wheat in a tender for up to 180,200 tonnes, European traders said on Wednesday.
US wheat futures jumped on Wednesday, led by K.C. hard red winter wheat, on disappointing early yield reports as the harvest rolled into southern Kansas, the top-producing state, traders said.
Black Sea neighbours Romania and Bulgaria are gearing up to reap good wheat crops this year which could keep exports strong in 2014/15 although heavy rain has taken its toll on yields in the lower Danube river plains.
Rice company Amira Foods is launching a range of larger pack sizes into Tesco stores this summer, as part of its long-term mission to reinvigorate and invest in the UK’s dry rice category.
The Australian Competition and Consumer Commission have accepted GrainCorp’s application to vary its Port Terminal Services Access Undertaking at its Newcastle bulk grain facility.
Amira Nature Foods, provider of packaged Indian specialty rice, has reported a 32.3% increase in its fiscal 2014 revenues to $547.3m, compared to $413.7m last year.
Soyabean bids were steady to sharply lower at US Midwest processors and elevators on Monday, pressured by limited crusher demand and adequate supplies of the animal feed soyameal, dealers said.
Syngenta AG said on Monday it had agreed to buy Swedish food, energy and agriculture group Lantmaennen's winter wheat and oilseed rape breeding and business operations in Germany and Poland.
In order to increase agriculture produce in the state, Karnataka government has allocated $13 million that will be spend on implementing integrated farming system (IFS) in 125,000 hectares.
Archer Daniels Midland Company (ADM) announced actions to align its investments and organization to better serve growing demand for its products across Asia-Pacific.
Soyabean spot basis bids edged lower at processors around the US Midwest region on Tuesday, while corn bids held mostly steady in quiet trade, dealer said.
US wheat futures fell to a 3-1/2 month low on Tuesday ahead of a monthly US Department of Agriculture report that analysts expect will show rising domestic wheat stocks.
