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The Latest Breaking News from Cargill

Cargill completes £667m buy-out of Croda's performance technologies and industrial chemicals businesses

Huge deal was agreed in December for sites

Birmingham Post

Food giants reap enormous profits during times of crisis

A recent report by Oxfam International has found that 62 new “food billionaires” were created during the pandemic. The report, released ahead of this year’s World Economic Forum in Davos, Switzerland, highlights the record profits made by industry titans.

The Conversation

Despite bumps, plant-based aviation fuels maker Gevo continues its stock flight

Patrick Gruber, chief executive of Colorado-based bio-fuels producer Gevo, got an investor cold shoulder this week.

Tribune News Service

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Cargill's bid to open new port in Brazil opposed by human rights, conservation groups

As one of the most powerful commodity traders in Brazil, Cargill Inc. has worked to expand its business while fending off criticism that it's enabling the destruction of Amazon forests and savanna for soy farms.

Tribune News Service

Sanderson Farms Q2 Earnings Top Estimates

Sanderson Farms Inc (NASDAQ:SAFM) reported second-quarter FY22 revenue growth of 35.8% year-over-year to $1.54 billion, beating the consensus of $1.39 billion. Selling, general and administrative expenses rose 3.3% Y/Y to $66.3 million. The operating margin was 27.4%, and operating income for the quarter jumped 230% to $421.5 million. Related: Cargill, Continental Grain To Acquire…

Benzinga

Sanderson Farms Earnings Triple As Chicken Producer Crushes Views

Sanderson Farms earnings were nearly double what Wall Street was expecting, as America continues enjoy chicken despite rising costs.

Investors Business Daily

Malaysian palm oil giant seeks to repair image after abuse claims

Sime Darby Plantation Berhad is fighting a US ban on its products after reported labour violations at its plantations.

Al Jazeera

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5 Largest Private Companies By Revenue: Will They Ever Go Public?

Some of the largest companies in the U.S., which employ hundreds of thousands of people and brought in billions in revenue in 2021, are private.

Benzinga

Food and energy billionaires $453bn richer than two years ago, finds Oxfam

While elite gather in Davos, charity calls for wealth tax after rich benefit from soaring energy and food prices

The Guardian - UK

Trump officials and meat industry blocked life-saving Covid controls, investigation finds

Congressional investigation reveals the lengths meat industry went to downplay risks to workers and lobby receptive Trump officials

The Guardian - US

Big meat is gobbling up fake meat companies

Conglomerates have bought out several smaller companies as the meat substitute market is predicted to grow rapidly

The Guardian - US

3 Stocks That Bill Gates Owns in Size

Bill Gates, the fourth richest person in the world, is keenly followed by the investor community concerning investments made through his firm Cascade Investment, L.L.C. The three stocks that the firm holds in large quantities are Sanderson Farms (SAFM), FedEx (FDX), and United Parcel Service (UPS). So, we think it…

StockNews.com

How a Minnesota ag firm is helping Ukrainian farmers plant in war-scarred fields

Dave Gebhardt says the flat fields of Ukraine — Europe's breadbasket — look like those rolling, green corn and soybean acreages surrounding the farm he grew up on near Rochester, Minnesota.

Tribune News Service

Alarming mountains of fertilizer waste

The U.S. houses hundreds of millions of tons of phosphogypsum in open-air stacks, but regulation is inconsistent

Salon

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Bangkok Post

Cargill suspends palm oil purchases from Malaysia’s Sime Darby

Cargill Inc, one of the world’s biggest agricultural traders, stopped buying palm oil products from Sime Darby Plantation Bhd. after the US said it found indicators of forced labour in the Malaysian grower.

Daily Mirror

'Agricultural Mafia' clears land to grow soya as rainforests destroyed

Soybean is used in animal feed so that pigs, cattle and chickens grow faster and bigger. The UK contributes to the problem, importing 500,000 tons of Brazilian soya each year

Benzinga

Local Bounti Agrees To Acquire Indoor Farming Company Pete's For ~$122M

Local Bounti Corp (NYSE:LOCL) has agreed to acquire California-based complementary indoor farming company Hollandia Produce Group Inc, which operates under the name Pete's, for $122.5 million. The transaction will comprise $92.5 million in cash, expected to be provided under Local Bounti's existing lending facility with Cargill, and the remaining $30.0 million payable in shares. The…

Tribune News Service

Cargill is 'scaling back' in Russia, but continuing food and feed operations

The parade of western firms constraining business in Russia has — until now — had a notable absence: Minnesota-based Cargill, one of the country's largest foreign agribusiness investors.

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Reuters

Cargill-chartered ship on Black Sea 'hit by a projectile' amid Ukraine invasion

Global farm commodities trader Cargill Inc said on Thursday that an ocean vessel it chartered was "hit by a projectile" on the Black Sea, but that the ship remained seaworthy and all crew were safe and accounted for.

Tribune News Service

Cargill, other US grain traders monitor conflict in ag-rich Ukraine

U.S. agribusinesses with large operations and investments in Ukraine — often called the breadbasket of Europe — are preparing for a worsening situation as Russia escalates the conflict.

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