November 03, 2015

03/11/2015: Soyatech news

Argentina seeing significant decline in corn sowing for 2015/16 
Argentina is expected to see a significant decline in corn sowing for 2015/16, bringing acreage down to 5.3 million hectares. 

Advanta Seeds enters soybean market in Brazil, expands R&D in India 
Advanta Seeds announced it is entering the Brazilian soybean space with two new seeds, and announced it is also investing in its R&D platform in India. 

Iran to export wheat for first time amid global glut 
As Iran domestic production increases beyond local demand, the country will be exporting wheat for the first time into already oversupplied global markets. 

Russian grain terminal, NKHP, to sell 20 percent stake through Moscow IPO 
A minority shareholder in Russia’s NKHP grain terminal on the Black Sea at the port of Novorossiisk is aiming to raise between US$50 million and US$70 million through the sale of a 20 percent stake in the facility in a November initial public offering (IPO).
Image: oneVillage Initiative
Demand for sustainable palm oil will double in five years – Rabobank 
In a recent report, Rabobank states that demand for sustainable palm oil will double within the next five years from 5.3 million tons to 11 million tons. 

Green Plains Inc acquires Virginia’s only ethanol plant 
Green Plains Inc has acquired Virginia’s only ethanol plant from Vireol Bio Energy for US$18.25 million, brings total annual production capacity to 1.1 billion gallons. 

Ontario grain farmers lose court battle against neonicotinoid restriction 
The Grain Farmers of Ontario has lost its court battle over the government’s ban on neonicotinoid pesticides. 

China Shipping Group starts grain shipping service with China’s COFCO 
China Shipping Group has signed an agreement with COFCO for the shipping of 3.5 million tons of grain per year from Latin America. 

Also heard:

  • As part of its plan to increase meat output, Russia’s agricultural giant, Miratorg, reported that it increased feed production in the first nine months of 2015 by 10 percent compared to the same period of time a year before.
  • Chinese sugar demand is expected to hold steady at 16 million tons this year, and lower corn prices are expected to give corn-based additives an advantage in the sweeteners market, according to Liu Hande, deputy secretary general of the China Sugar Association.
  • Myanmar imports of palm oil have reached 400,000 tons per year to meet demand, according to the Myanmar Edible Oil Dealers Association. Annual per capita edible oil consumption is estimated to be 12 kilograms per person per year, or approximately 600,000 tons per year nationwide.
  • India is expected to produce 7.2 million tons of soybeans in 2015, down 15.3 percent year on year, due to erratic rainfall in the country’s top producing regions, according to Laxmichand Aggarwal, president of The Central Organisation for Oil Industry and Trade (COOIT).
2nd Annual Practical Short Course on Fermentation and Separation for the Food & Drug Industries: Principle, Process, Recovery and Product - February 21-25, 2016. Congress promises unique sector insight, networking
The only industry event that addresses the key challenges and opportunities facing the oilseed trade in Europe, the Middle East and North Africa.
February 9-10, 2016, Barcelona

The Global Miller
This blog is maintained by The Global Miller staff and is supported by the magazine GFMT
which is published by Perendale Publishers Limited.

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