WORLD NEWS
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Nestle commits billions to Purina Petcare division, casts doubt over human-grade pet food profitability
SWITZERLAND- Nestlé shared its plans to further growth for its Purina Petcare division though the company is doubtful of the profitability of the human-grade pet…
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US agricultural exports projections down $5.5 billion from November forecast
USA- The USDA notes that U.S. agricultural exports in fiscal year (FY) 2023 are projected at US$184.5 billion, down US$5.5 billion from the November forecast. …
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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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Alltech and Finnforel to acquire Raisioaqua to enhance sustainable fish production
FINLAND- Kentucky-based Alltech and Finnish Finnforel will acquire the Raisioaqua fish feed production facility from Raisio, a Finnish company, to enhance sustainable fish production. Raisioaqua…
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Consumers could feel the wheat price spike impact sooner as millers hold less supply
GLOBAL- Wheat buyers globally are reducing their purchase of future supplies which means that consumers could feel price spike impacts sooner than they did in…