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The Andersons, Inc. to acquire Lansing Trade Group

The Andersons, Inc. announced that it has entered into a merger agreement with Lansing Trade Group, LLC, its long-time affiliate, to acquire the 67.5% of Lansing equity that it does not already own for cash and stock currently valued at a total of approximately $305 million. In addition to paying approximately $175 million in cash, the Company will issue unregistered …

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Louis Dreyfus CEO quits in latest shakeup at commodity giant

Louis Dreyfus announced the departure of both its chief executive and its finance head, in the latest management shakeup at the agricultural commodity giant. The group said in a statement that Gonzalo Ramirez Martiarena had resigned as CEO after three years in the post to pursue other opportunities, and would be replaced with immediate effect by Ian McIntosh, previously chief …

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Ukranian Piatydni to launch 70,000-ton elevator

Piatydni LLC will launch an elevator with a capacity of almost 70,000 tonnes of grain and oilseeds in Volodymyr-Volynsky (Volyn region) in 2018. According to a report on the website of Volyn Regional State Administration, the value of the object is $8 million. The construction of the elevator began in February of this year. It will provide a full range …

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Kazakhstan increases exports of wheat

In the season 2017/18, the exports of wheat from Kazakhstan increased by 33% compared with the same indicator of the previous MY, and totaled 4.9 mln tonnes, declared the Customs Control Committee at the Ministry of Finance of the Republic of Kazakhstan. Traditionally, Uzbekistan became the leader among countries-importers of the Kazakh grain, and continued increasing the imports from Kazakhstan. …

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Unormak opens corn processing plant in South Africa

Unormak Milling Machines, one of the leading companies in the milling technology sector, put the second phase of white corn processing semolina plant planned with the capacity of 1.600 tons/day into use successfully in South Africa. The plant’s general manager Johannes said that Unormak’s plant and machines meet the market’s demand and needs, adding that he is happy to work …

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Stern-Wywiol Gruppe opens new production centre for food ingredients in Malaysia

Family firm from Hamburg steps up presence in the ASEAN region. New site provides more rapid delivery services, secure supply chains and even closer contact with customers. High-tech plant has initial annual capacity of up to 5,000 tonnes of food ingredients. Stern-Wywiol Gruppe from Hamburg is adding to its production and sales network in south-east Asia by establishing a new …

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Russian wheat move for entering to Algerian market

France fears its dominant position in Algeria’s market could be challenged as Russia is seeking to gain access to the North African country’s import tenders. Given Russian lobbying to enter the Algerian market, France will organise a trip to to the North African country to promote the wheat export. Russian wheat exporters want to register with the Algerian authorities by …

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ADM opens new flour mill in Oklahoma

Archer Daniels Midland Company celebrated the opening of its modernized flour mill in Enid, Oklahoma. “For many decades, the Enid flour mill has served as a focal point for the region’s wheat harvest,” said Kevin Like, vice president, ADM Milling. “We’re building upon that legacy with upgrades to the facility that will provide even better service to our customers.” “Increasing …

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Viterra hosts grand opening of Wadena Grain Terminal

Viterra Inc. (“Viterra”) hosted a grand opening event on 10th October at its new high throughput grain facility at Wadena, SK. Viterra customers, employees and government officials came together to commemorate the company’s major investment in east central Saskatchewan. “We have a long and proud history in this area of the province, and we’re pleased to be renewing our commitment …

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Cargill reports ‘a steady performance’ in 2019 first-quarter

Cargill reported results for the first quarter of fiscal 2019, which ended Aug. 31, 2018. Key measures include: The report showed that adjusted operating earnings totaled $883 million, nearly matching the $888 million earned in last year’s strong comparative period. Net earnings on a U.S. GAAP basis were $1.02 billion, up 5 percent from $973 million in the prior-year period. …

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