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Olam set to acquire Nigeria’s Dangote Flour Mills

Olam International Limited, a Singaporean agro-allied company, offers to acquire Dangote Flour Mill in a bid worth $362 million. Singapore-based commodity trader, Olam International, said it will buy Nigeria’s Dangote Flour Mills for an enterprise value of 130 billion naira ($362 million), as it looks to bolster its position in West Africa wheat market. The price was calculated on a …

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WTO finds China guilty of mismanaging its tariff-rate quotas for wheat, corn and rice

World Trade Organization ruled that China administered its tariff-rate quotas for wheat, corn and rice inconsistently with its WTO commitments. The WTO ruling follows one in February against China’s excessive support for domestic grain farmers. The United States won a World Trade Organization (WTO) ruling against China’s use of tariff-rate quotas for rice, wheat and corn, which it successfully argued …

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Tornum acquires Mundus Maskin AB

Tornum AB has acquired all the shares in Mundus Maskin AB, a Swedish supplier of grain equipment, primarily for Swedish agriculture and its industry. “Mundus has been a company that has been on Tornum’s acquisition wish list for a long time since we have seen a good complement to the Tornum Group, both market and product-wise”, says Tornum’s CEO Per …

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Russia’s biggest grain freight operator postpones share sale

Russian rail operator RusTransCom, specialising on transportation of grain, mineral fertilisers, and timber, has postponed its plans to hold an IPO, the company said in a statement. Previously the company unveiled its plans to hold an IPO at the London Stock Exchange and hopes to raise $300mn, which would make the first IPO of a Russian company in almost two …

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GEA Toolings provide greater flexibility and advanced performance

For its packaging and forming machines as well as grinding and cutting equipment, GEA developed different Toolings to make sure the machines always fulfill their demands. Whether it affects the shape, size, taste, quality, or safety and economic needs for the end product, GEA Toolings bring the latest innovations and developments to meet all those new requirements. The main advantages …

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Pakistan seeks to increase its share in Afghanistan’s wheat market

The move comes after Pakistan Tehreek-e-Insaf (PTI) leader Jehangir Tareen met with Khyber-Pakhtunkhwa (K-P) Chief Minister Mahmood Khan, senior Federal Board of Revenue (FBR) officials and representatives of security forces. In the first phase, the duration for which goods trucks will be allowed to pass through the Torkham border has been increased to 10 hours and plans are afoot to …

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AGI acquires Indian processing equipment company Milltec

AGI, a leading provider of equipment solutions for agriculture bulk commodities, acquires 100% of the shares of Milltec Machinery Limited, a market leading manufacturer of rice milling and processing equipment in India. Ag Growth International Inc. (AGI) announced that the previously disclosed transaction to acquire 100% of the shares of Milltec Machinery Limited (“Milltec”) was completed. The purchase price for …

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University of Saskatchewan researchers play role in mapping durum wheat genome

University of Saskatchewan (U of S) researchers say they have discovered how to significantly reduce cadmium levels in durum wheat, ensuring the safety and nutritional value of the grain through selective breeding. According to a recent Nature Genetics article, the U of S scientists helped an international consortium assemble the complete durum genome of the Svevo variety for the first …

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TeleSense acquires Webstech to extend into European market

TeleSense, an IoT technology innovator providing solutions to improve grain storage, announced the acquisition of Webstech, a Danish wireless sensor technology company with a strong European user base. With the acquisition, TeleSense now has access to the largest remote-sensed dataset in the world and can offer current customers a complete suite of proven sensor technologies built to work in grain …

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ADM to open its state-of-the-art Mendota Facility in the second half of 2019

ADM’s new Mendota facility, which will have the ability to grind soft and hard wheat varieties and to unload 110-car shuttle trains, is on target to open in the second half of 2019. The facility will have a daily milling capacity of 30,000 cwts. Archer Daniels Midland Company, one of the world’s largest agricultural processors and food ingredient providers, announced …

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