Commodity & Trade Updates
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Indonesian government restricts palm oil exports to secure local supplies amid crisis
INDONESIA- To curb the inadequate supply of cooking oil in the country, palm oil exporters will only export 6 times the volume they sell domestically…
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Argentina soybean production to underperform in 2023 due to prevailing drought: USDA
ARGENTINA- The world’s top soybean exporter, Argentina, is expected to perform dismally in the 2022-2023 marketing year due to the prevailing drought in the country…
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ADM to close 140-year Texas flour mills in portfolio optimization exercise
USA- Chicago-based Archer-Daniels-Midland Company (ADM) has announced plans to halt operations at their New Braunfels, Texas, flour mill by the end of March 2023. Formerly…
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Bunge credits bumper harvest, strong meal and oil demand for outstanding full-year performance
USA- Bunge, one of the world’s largest agricultural commodities suppliers, has credited large soy and canola crops in North America and robust meal and oil…
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Ceres welcomes new Vice president, Jennifer Henderson as focus on regenerative agriculture intensifies
USA- Ceres Global AG Corp appointed Jennifer Henderson to succeed Glen Goldman as vice president, general counsel, and corporate secretary. Goldman stepped down on 31st…