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ARGENTINA – Mexican baked goods giant Grupo Bimbo has inaugurated a new US$100m production line for bread at its facility in Pilar in Buenos Aires Province, Argentina. The Investment, according to Just Foods is the largest investment in Argentina since entering the country almost three decades ago. Bimbo has four facilities in Argentina, three in Buenos Aires, and one in…
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ARGENTINA- The Buenos Aires grain exchange recently released a report on September 7, projecting an impressive harvest of approximately 50 million tonnes for the 2023-24 season in Argentina, a key player in the global soybean arena. This anticipated yield marks a substantial increase compared to the 21 million tonnes harvested in the previous season, which was marred by a historic…
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ARGENTINA- The world’s largest producer of soybeans, Argentina, is allowing grain exporters to keep 25% of the foreign currency they generate in September to import soybeans, according to a report by Reuters. This move by the government is inspired by a historic drought that is driving the need for soybean imports. Because of the drought, the domestic harvest has been…
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ARGENTINA – ZoomAgri, a revolutionary agtech company, has successfully raised US$6 million in a series A funding round, signaling a momentous stride towards transforming the agricultural industry’s traceability and inspection processes. This latest infusion of capital, led by Australian agribusiness giant GrainCorp, along with GrainInnovate and existing investor SP Ventures, brings ZoomAgri’s total funding to an impressive US$11 million. ZoomAgri’s…
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ARGENTINA- The soybean outlook in the world’s largest producer, Argentina, is estimated at 21.25 million tonnes for the marketing year 2022-23, a further downward revision in the latest Global Agricultural Information Network report from the Foreign Agricultural Service (FAS) of the US Department of Agriculture. In April, FAS Post Buenos Aires was projecting the soybean harvest at 23.9 million tonnes,…
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SOUTH AMERICA- Agricultural commodities trader Louis Dreyfus Company (LDC) and Global Clean Energy Holdings, Inc. will jointly embark on promoting the sustainable cultivation of Camelina sativa (camelina) in Argentina, Paraguay, and Uruguay. This strategic partnership fosters the expansion of Global Clean Energy’s camelina production activities to South America and reinforces LDC’s position as a supplier of choice for quality seeds…
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USA- Leading global agribusiness Bunge has broken ground on a new US$550 million protein facility in Morristown, Indiana. U.S., according to an announcement the company made on LinkedIn. The facility, adjacent to an existing processing plant in Morristown, Indiana, is expected to be commissioned in mid-2025. According to the commodity trading giant, the new fully integrated soy protein concentrate and…
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ARGENTINA- Leading merchant and agricultural goods processor Louis Dreyfus Company (LDC) finally launches its recently acquired grains and oilseeds warehouse in Northwestern Argentina and begins operations. Located in Río del Valle, Salta province, the new site will streamline logistics for local farmers by facilitating the transport of their harvest by rail to the country’s main port complexes, the company said…
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ARGENTINA- Substantial rains in recent days in major Argentine agricultural areas have improved the outlook for the South-American country’s 2023-24 wheat crop, Reuters reported, citing the Buenos Aires grains exchange. After a severe drought devastated Argentina’s 2022/23 corn and soybean crops, continuing dry conditions could have threatened to set back the planting of the country’s 2023/24 winter wheat crop. Therefore,…
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ARGENTINA- Bioceres, an Argentine biotech firm, plans to expand its HB4 wheat seeds sales by partnering with 45 seed multiplier firms ahead of planting season, said Bioceres Chief Executive Officer Federico Trucco in the company’s latest earnings report. HB4 wheat harnesses the power of genetically-modified organisms (GMOs) by introducing sunflower genes into the wheat DNA to improve crop productivity. The…
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