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UK – As part of Nestlé’s 2050 net zero roadmap, the Swiss multinational food giant has begun pilot testing for a new sustainable agriculture solution that uses cocoa shells to create a low-carbon fertilizer in the United Kingdom. As part of the deal, Cargill will process the cocoa at its York facility to create ingredients for Nestle’s confectionary brands, and…
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RUSSIA- Cargill, a leading global player in the agriculture and food industry, has finalized a deal to divest its stake in a Russian grain terminal situated on the Black Sea to Russia’s Delo Group, a prominent transport and logistics entity. Confirming the sale, Cargill stated, “In line with Cargill’s earlier announcement to stop the export of Russian grain in July…
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USA- An activist group, Global Witness, recently released a report revealing that global commodity trading giant Cargill has been procuring soy from 50,000 acres of deforested land in Bolivia’s Chiquitano Forest. The investigation conducted by Global Witness examined Cargill’s soy purchases from five regions in Santa Cruz, Bolivia, farmed by Mennonite colonies. These colonies are located in the ecologically significant…
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LATIN AMERICA- Cargill, a major player in commodity trading and the animal feed sector, is reentering the pet food market in Latin America, giving a fresh look to its three pet food brands: Pingo, Keycan, and Petmaster. Cargill, which operates in more than 70 countries worldwide, exited the Latin American pet food market and now seeks to reenter it while…
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BRAZIL- US agricultural trading company Cargill has submitted a binding offer to acquire three soy crushing plants and four warehouses in Brazil from Granol, a privately owned soy crusher. According to Cargill, the transaction involves Granol soy and biodiesel crush plants in the cities of Anápolis, Porto Nacional and Cachoeira do Sul, in addition to four warehouses in the states…
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SINGAPORE- A cargo ship fitted with Bar Tech WindWings by Yara Marine, an innovation by global commodity trader Cargill and Bar Technologies, has finally set sail. The vessel set sail from Singapore and will sail to Brazil, and according to reliable news outlets, the ship is also likely to transport a cargo of grain to Denmark. Mitsubishi Corporation’s Pyxis Ocean,…
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USA- Global commodity trader Cargill is ramping up its focus on regenerative agriculture practices to produce raw materials for global aquaculture, according to its latest Aqua Nutrition Sustainability report. Cargill’s disclosure commitment started in 2009. The grain elevator company produces aquaculture feeds at 40 facilities with 19 of these factories, spread across 12 countries, specially dedicated to aquafeed production and…
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USA- Global commodities trader Cargill Inc recently reported that its fiscal year 2023 revenue increased 7% from a year earlier to US$177 billion, the highest ever for the 158-year-old company. While Cargill halted public reporting of most of its quarterly and annual financial data in 2020, the grain elevator reports its sales for its June-to-May fiscal year in its annual…
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GLOBAL- Cargill and TREES Consulting, partnering on methane reduction measures, have announced the first Gold Standard-approved methane emissions reduction methodology for beef producers. According to Cargill, the groundbreaking methodology will help beef producers better understand the impact of feed supplements, enabling projects to measure and quantify the reduction of methane emissions. Cargill points out that beef producers are leading the…
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CHINA- Global agribusiness and commodities trading giant Cargill recently announced that it is selling its poultry business in China to private equity firm DCP Capital, citing an increasingly challenging business environment for foreign players in the Chinese meat market. The divested unit is known as Cargill Protein China, and it started operating in the Asian superpower in 2011, breeding, raising,…
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