Record soybean production and lower food inflation give South Africa fresh export opportunities as the country works to expand agricultural trade with China.
The expansion targets four existing US facilities rather than new-build projects, reflecting ADM’s strategy of upgrading established infrastructure to meet rising biofuel-driven demand.
The €23 million (US$26.2 million) investment increases the terminal’s grain storage capacity to 180,000 tonnes, enhancing Romania’s ability to handle growing grain volumes from domestic producers as well as transit cargo from neighbouring countries.
Second quarter net sales increased 1%, driven primarily by higher net sales volume in the Texture & Healthful Solutions segment and favorable foreign exchange in Food & Industrial Ingredients in Latin America.
The newly launched Multimilla+ Valley Machine incorporates a range of engineering improvements aimed at optimizing the cleaning and separation stages of wheat milling.