January 21, 2016

21/01/2016: Oilseed and Grain News

Image: Images Money
Monsanto cutting 16 percent of workforce as part of restructuring efforts
As part of its cost savings plan announced last autumn, Monsanto has announced plans to cut an additional 1000 employees, bringing the total reduction in its workforce to 16 percent. 

Sorghum steps up as drought decimates Australian wheat 
As drought conditions continue to cut into wheat production in Australia, increased demand for sorghum from Asia combined with the grain’s hardiness and low cost of production is giving Australian farmers an alternative crop. 

Viterra forms supply and marketing agreement with Pacific Coast Canola 
Saskatchewan-based Viterra has signed an agreement with Pacific Coast Canola under which Pacific Coast will crush canola for Viterra at its Warden, Washington facility. 

Olam acquires assets of BUA Group for US$275M 
Olam has acquired the Nigerian wheat milling and pasta manufacturing assets of BUA Group for US$275 million.
Image: United Soybean Board
Argentinian soy sales lacking despite export tariff reductions 
After a shift in government export policy instituted by Argentina’s recently elected President Mauricio Macri, the country’s grain and oilseed exports jumped by US$2 billion within the last three weeks of 2015 but sales since have not met expectations. 

World supplies of oilseeds, except for soybeans, to be tight for 2016 
Featured speaker, Thomas Mielke of Oil World, will provide the global outlook for the oilseed market in 2016 at Oilseed Congress Europe/MENA 2016. 


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.

For additional daily news from milling around the world: global-milling.com

No comments:

Post a Comment

See our data and privacy policy Click here