Marubeni gets $3 billion from Gavilon grain business sale

TOKYO, Oct 4 (Reuters) – Japanese trading company Marubeni Corp (8002.T) said on Tuesday it had so far received $3 billion from the sale of US unit Gavilon’s grain business to commodities trader Glencore Plc’s (GLEN.L) Viterra arm. Under the deal, which was announced in January and completed on Monday, Marubeni had received $3 billion … Read more

Australia backs $2.9 billion urea plant with low-cost financing

MELBOURNE, Sept 30 (Reuters) – The Australian government has agreed to provide a low-cost loan of A$220 million ($143 million) to privately owned Perdaman to build a A$4.5 billion urea plant in Western Australia, the country’s resources minister said on Friday. Perdaman plans to build a 2-million-tonnes-a-year urea plant, aiming to export about half the … Read more

Brazil ready for more agriculture sector IPOs, seed company chief says

SAO PAULO, Sept 29 (Reuters) – The Brazilian market is ready to welcome more agribusiness companies on the stock market, a sector underrepresented on the local bourse based on the size of the industry relative to Brazil’s GDP, Marino Colpo, chief executive of listed seeds producer Boa Safra (SOJA3.SA), said on Thursday. “I’m a big … Read more

US plans rule to protect livestock farmers from company retaliation

Cows are sorted into pens for a livestock auction in Dickinson, North Dakota, US August 17, 2017. Many ranchers in the area have sold off more animals than usual to combat high feed costs after a summer-long drought. REUTERS/Andrew Cullen/File Photo Register now for FREE unlimited access to Register CHICAGO, Sept 26 (Reuters) – … Read more

Brazil’s Atlas ‘superfoods’ business bolstered by capital market incursion

Register now for FREE unlimited access to Register SAO PAULO, Sept 21 (Reuters) – Privately owned grain trader Atlas has raised 100 million reais ($19.39 million) in the local capital market so far this year to grow its Brazilian “superfoods” business, a market where large trading firms will not venture , an executive said. … Read more

Indonesia trimming palm oil stocks with discounts, India sales

Worker loads palm oil fresh fruit bunches to be transported from the collector site to CPO factories in Pekanbaru, Riau province, Indonesia, April 27, 2022. REUTERS/Willy Kurniawan/File Photo Register now for FREE unlimited access to Register India could buy 2 mln T in Aug-Nov from Indonesia Export levy waiver boosts Indonesia’s exports Stocks could … Read more

Car electrification unlikely to erase market for ethanol, says producer

A gas station worker fills up a car’s tank with ethanol in Cuiaba, Brazil, October 2, 2019. Picture taken October 2, 2019. REUTERS/Marcelo Teixeira/File Photo Register now for FREE unlimited access to Register NEW YORK, Sept 14 (Reuters) – The global movement by governments and automakers to boost electrification of cars does not mean … Read more

US EPA set to finalize rule on state sales of higher-ethanol gasoline blend – Regan

Signage is seen at the headquarters of the United States Environmental Protection Agency (EPA) in Washington, DC, US, May 10, 2021. REUTERS/Andrew Kelly Register now for FREE unlimited access to Register NEW YORK, Sept 13 (Reuters) – The US Environmental Protection Agency intends to finalize a rule before next summer to allow the year-round … Read more

US coffee chains’ sales rise 10% to near pre-pandemic levels – report

Register now for FREE unlimited access to Register NEW YORK, Sept 13 (Reuters) – Sales by branded coffee shops in the United States increased 10% in the 12 months to June 2022 to reach $45.8 billion, a value that is 96% of its pre-pandemic sales, while the number of stores surpassed those seen before … Read more

Bolivian coca farmers march on capital, burn disputed market

Register now for FREE unlimited access to Register LA PAZ, Sept 8 (Reuters) – Thousands of coca farmers marched into the Bolivian capital of La Paz on Thursday and set ablaze what they claimed was an illegal new market for the leaf. The growers, who marched five days from the Yungas region north of … Read more