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Friday, June 19, 2020
Louis Dreyfus announces new venture capital initiative
Agricultural commodities trader Louis Dreyfus Company (LDC) has launched LDC Innovations, a venture capital programme to invest in food and farming companies, reported Reuters.
Friday, June 19, 2020
US to ensure fair access for farm products with EU, UK
In its drive to secure fair access for US agricultural products, the US will not compromise in its trade talks with the EU and Britain, US Trade Representative Robert Lighthizer told lawmakers on Wednesday, reported Reuters.
Friday, June 19, 2020
Backlog in US Maine's aquaculture leases worsens
With the public hearings required for most applications having been put on hold, the backlog in aquaculture lease applications brought by recent growth in the sector has gotten worse amid the COVID-19 crisis, Press Herald reported.
Friday, June 19, 2020
De Heus buys Spanish feed specialist Piensos Muga
De Heus Animal Nutrition has signed a deal for the acquisition of Piensos Muga in Spain effective June 29, De Heus announced, Feedstuffs reported.
Thursday, June 18, 2020
Cargill says Brazil government's insults to China harmful to Brazil's business interests
Paulo Sousa, Cargill Brazil chief executive said Brazil government officials' insults directed at China will be harmful to Brazil's business interests, especially as China is Brazil's major trading partner, Reuters reported.
Thursday, June 18, 2020
China and Norway say Norwegian salmon not the cause of Beijing market COVID-19 outbreak
Odd Emil Ingebrigtsen, Norwegian fisheries and seafood minister said authorities from China and Norway have jointly agreed that Norwegian salmon is not the cause of the COVID-19 outbreak at a Beijing food market, Reuters reported.
Thursday, June 18, 2020
DSM issues US$1.1 billion long-term bonds to finance acquisition of Erber Group
Royal DSM has announced the successful launch of €1 billion (US$1.1 billion) bonds in two tranches: a €500 million (US$562.5 million) bond with an eight-year maturity due in 2028, at a coupon of 0.25%; and a €500 million bond with a twelve- ...
Wednesday, June 17, 2020
Bayer cancels US plans to produce crop chemical dicamba
Bayer AG will cancel an almost US$1-billion project to make the crop chemical dicamba in the US, Reuters reported.
Wednesday, June 17, 2020
Global animal healthcare market seen to reach US$47.3 billion
The global animal healthcare market is projected to reach US$47.3 billion by the year 2026, with a growing compound annual growth rate (CAGR) of 4.9% during the estimated period 2020- 2026, MENAFN reported.
Wednesday, June 17, 2020
Vietnam approves Brazil swine slaughterhouse for export
Tereza Cristina, Brazil's Agriculture Minister said Vietnam has approved exports from a swine slaughterhouse in Minas Gerais state, PigProgress reported.
Wednesday, June 17, 2020
Vietnam shrimp industry reports highgrowth thanks to COVID-19 containment
The country's shrimp industry reported increased growth in export and farming, thanks to the government's swift measures to contain the COVID-19 pandemic, SeafoodSource reported.
Wednesday, June 17, 2020
China Soymeal Weekly: Lacklustre demand, weak prices (week ended Jun 15, 2020)
Demand for soymeal remained soft while the sales of hog feed were limited. Meanwhile, new outbreaks of the Wuhan coronavirus in Beijing sparked fears that the second wave of the pandemic might have started in China. Buyers withheld buying a ...
Wednesday, June 17, 2020
DSM to buy over Erber Group for US$1.1 billion
Royal DSM announced that it has reached agreement to acquire Erber Group for an enterprise value of €980 million (US$1.107 billion). The value of the transaction represents an EV/EBITDA multiple of about 14x the 2020 EBITDA (fiscal year end ...
Wednesday, June 17, 2020
USDA issues Federal Register notice on crisis assistance programme
The USDA issued a Federal Register notice, clarifying provisions in the Coronavirus Food Assistance Program (CFAP), which provided direct payments to farmers hit by the COVID-19 crisis, National Hog Farmer reported.
Wednesday, June 17, 2020
Australia's cattle prices to increase on output, exports drop
Over the next 12 months, cattle saleyard prices are anticipated to climb by 4% on average as low supply constrains production and export volumes, Australia's agricultural bureau released today, Beef Central reported.
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