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WORLD NEWS
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China eyes record corn harvest despite lowered forecast, slashes imports further
FAS now projects imports at 8 million tonnes, down 2 million tonnes from its previous estimate but still 1 million tonnes higher than the 2024-25 figure
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Russia cuts wheat export duty to zero in major policy shift
This marks the first time the duty has been eliminated since it was introduced in 2021.
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Ferrero group to acquire WK Kellogg Co for US$3.1B
The acquisition gives Ferrero ownership of WK Kellogg Co’s extensive portfolio of iconic cereal brands
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Bartlett finalizes US$140M acquisition of Ceres Global Ag Corp
The deal was finalized through a wholly owned Bartlett-controlled entity, 1001239530 Ontario Inc., which acquired all issued and outstanding common shares of Ceres Global at US$4.50 per share in cash
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Global cereal production set to reach nearly 3B tonnes in 2025/2026: FAO
The FAO attributes the expected bumper crop to higher yields in major staples, maize (corn), rice, and wheat, which collectively account for over half of global caloric intake