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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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BRAZIL- Cargill Brazil is planning to spend US$20 million to build a mineral supplements production plant in the west-central state of Mato Grosso for cattle raised on pastures, according to a report by Reuters. According to the cited statement, construction of the facility is expected to begin this month with completion slated for the end of 2024. Mato Grosso is…
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USA- Commodity trading giant Cargill is expanding its retail feed operations, constructing a production facility in Granger, Washington, US, focused on current and potential agricultural retail locations in the region. Cargill broke ground on the project, which is under its Animal Nutrition business, in early May this year, with an anticipated operating date of fall 2024. Cargill’s Animal Nutrition business…
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AUSTRALIA- Cargill will spend US$50 million in Australian operations, upgrading and expanding its Newcastle, Narrabri, and Footscray oilseed crush facilities to meet rising international demand for canola and cottonseed oil. According to an announcement by Cargill, Australian canola is in high demand globally for its use across food products, biodiesel, and as a feedstock. Cargill processes over 680,000 tonnes of…
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KENYA- Global commodity trader Cargill is seeking certification as a warehouse receipt operator, becoming the first foreign multinational to put in the request after the Kenyan Parliament passed the Warehouse Receipt System (WRS) Act. Through the Ministry of Trade, the government of Kenya recently partnered with the International Finance Corporation (IFC) and the Kingdom of the Netherlands to launch a…
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RUSSIA – Cargill will take a further step back in elevating Russian grain in the new export season starting in July. “As grain export-related challenges continue to mount, Cargill will stop elevating Russian grain for export in July 2023 after the completion of the 2022-2023 season,” Cargill said. Cargill had already stopped new investments in Russia, operating only essential food…
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USA – US-based Cargill, one of the world’s biggest ship charterers, is considering wind power for cargo ships as the agricultural commodities giant moves to cut emissions from its chartered fleet. With about 90% of world trade transported by sea, shipping accounts for nearly 3% of the world’s CO2 emissions. Consequently, according to environmental campaigners, regulatory efforts by the sector…
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SPAIN- Cargill and Spanish food tech company Cubiq Foods have product co-development and commercial go-to-market agreements in place to develop and market Cubiq’s plant-based fats. Cargill will add Cubiq’s plant-based “smarter fats”, including its Go! Drop emulsion of vegetable oils and water, to its ingredients and plant-based formulation offerings. Cubiq CEO Andrés Montefeltro stated that having a market-ready product for…
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USA- Family-run American global food corporation, Cargill intends to keep the practices and traditions that have made Owensboro Grain successful for more than a century as they integrate the acquisition into the Cargill family. Last month, Cargill completed the acquisition of 116-year-old Owensboro Grain Company, which has grown from a small grain merchant founded in 1906 to operating a fully…
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NORTH AMERICA – Cargill Animal Nutrition has entered into a strategic partnership with Si-Ware Systems to enhance capabilities in the analysis of forages, feeds and feed ingredients. The partnership will give Cargill North American dairy teams access to Si-Ware system-owned NeoSpectra platform which analyzes the nutrient content of feed and feed ingredients quickly and accurately. With more than 120 years…
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