Financials & Economy
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Gavilon officially rebrands to Viterra in the US and Mexico after 2022 acquisition
USA- Gavilon has finally rebranded as Viterra across its business in the United States and Mexico, following Viterra Ltd.’s purchase of the grains origination and…
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Olam Agri’s 2022 revenue grew by 18.0% despite geopolitical risks and macroeconomic volatility
SINGAPORE- In spite of growing geopolitical risks and significant macroeconomic volatility in 2022, Olam Agri delivered revenue growth of 18.0% to US$36.9 billion. Olam Agri,…
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Mexican baking giant Grupo Bimbo to spend US$2B on capital investment in 2023
MEXICO – Grupo Bimbo, the Mexico-based bakery giant, plans to spend up to US$2bn on capital investment in 2023 in part to meet the demand…
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Specialty wheat starches and proteins propel MGP Ingredient Solutions segment sales to US$115.9M in 2022
USA- Higher sales of specialty wheat starches and specialty wheat proteins drove MGP Ingredient Solutions segment sales up 28% to US$115.9 million in 2022. Additionally,…
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Seaboard’s milling segment records 148% profit surge in 2022 boosted by higher prices, sale of Brazilian operations
USA- Kansas-based Seaboard Corp’s Commodity Trading and Milling (CT&M) segment recorded a 148% increase in operating income thanks to higher margins in some commodities and…