WORLD NEWS
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Global wheat flour trade falls to pandemic lows as low purchasing power in Africa affects demand
GLOBAL -The International Grains Council (IGC) forecast declining global wheat flour trade in the marketing year 2022-23 to reach 13.8 million tonnes (wheat equivalent) as…
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USDA cuts corn production estimates for South America due to prolonged drought
USA – The United States Department of Agriculture (USDA) has cut its estimate for South American corn production citing prolonged droughts in Argentina and Brazil,…
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Novus acquires biotech company Agrivida, to accelerate development of innovative animal nutrition products
USA-Novus International Inc, a global animal health and nutrition company, has acquired biotech company Agrivida Inc to accelerate the deployment of innovative animal health and…
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Canadian bread maker Backerhaus Veit acquired by private equity firm PNC Riverarch Capital
NORTH AMERICA – Middle-market private equity firm PNC Riverarch Capital has acquired baked foods manufacturer Backerhaus Veit, Ltd from Swander Pace Capital for an undisclosed…
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Cargill CFO Jamie Miller steps down, Joanne Knight takes over in an interim capacity
USA – Agricultural commodities trading company, Cargill has announced that Jamie Miller, is stepping down just 18 months after joining the company from GE where…