January 12, 2016

12/01/2016: Oilseed & Grain news

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ADM expands in EMEA grains and oilseeds with agreement to buy 50 percent stake in Medsofts Group
Through the new JV, ADM will also gain partial ownership in one of Egypt’s largest grain port facilities at the Port of Alexandria. 
     
Ardent Mills plans to push for doubling US organic wheat acreage within three years
In response to climbing consumer demand, Ardent Mills has launched its Organic Initiative 2019 aimed at doubling US organic wheat acreage within three years.

Korea-US free trade agreement brought growth for US grain sales
KORUS FTA, the free trade agreement forged between the US and Korea in 2012 has had a positive impact on US grain sales.

Blumberg Grain officially opens grain command centre in Cairo
Blumberg Grain has officially opened its Command and Control Centre in Cairo, Egypt, that will be able to track every bag of grain from the point of entry to the system to its distribution to customers and retailers.
Non-GMO and organic food and beverage ingredient company Captain Drake LLC has acquired a million-bushel grain terminal in North Dakota that will be dedicated to handling only non-GMO commodities. 
     
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Image: Diego Torres Sylvestre
Argentine government, working with grain exporters, lifts currency controls 

Argentina’s government has announced it is lifting currency restrictions that have been in place for four years after the country’s grain exporters agreed to ship US$6 billion worth of crops that have been stockpiled by the country’s farmers.   

Algeria's Cevital plans corn-based ethanol plant in Mato Grosso, Brazil
Algeria’s Cevital is planning to invest US$750 million in Brazil for the construction of a corn-ethanol plant, to be followed by a soy crushing facility and a feed plant.

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