Turkish İmas expands milling machinery business with a new office in Istanbul

TURKEY- İmas, a publicly traded Turkish machinery manufacturer, has launched a new office in Levent, Istanbul to better cater to its growing demand for grain and feed milling machinery operations.  The company, which has been on the Istanbul Stock Exchange since April 2022,  has been growing with new investments.  Currently based in Konya city, the company has a high capacity…

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Canadian OPI launches new grain quality sensor to enhance safety 

CANADA- OPIsystems has introduced a new Grain Quality Sensor to help farmers and commercial storage operators detect biological activity in grains at the earliest possible stage to minimize postharvest losses of grains. Having been in business for almost four decades and serving clients from all over the world, OPI’s products aim to make grain management and optimization easier using the…

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Viterra to expand Texas terminal to meet the increased demand for grains and feed ingredients

USA- Rotterdam-based grain elevator Viterra recently announced that it will expand its grain and ingredient terminal in Etter, Texas, US, increasing storage capacity at the terminal by more than 40,000 tonnes by late 2024. Viterra handles more than 100 million metric tonnes of agricultural products annually across its business units, including grains, oilseeds, pulses, rice, sugar, and vegetable oil, as…

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Cargill expands retail feed operations with new Washington facility 

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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GrainCorp registers US$134m net profit owing to increased oilseed crush volumes bumper canola crop

AUSTRALIA- GrainCorp reported A$200 million (US$134 million) in net profits after taxes for the first half of the 2023 financial year that ended March 31, led by an increase in oilseed crush volumes supported by a third straight canola bumper crop.  Additionally, the company also registered EBITDA of A$383 million (US$256.6 million) in earnings and down from A$427 million (US$285.53)…

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Seaboard’s milling segment records 258% increase in operating income in Q1 results  

USA- Seaboard Corp. registered an operating income of US$43 million in its Commodity Trading and Milling (CT&M) segment during the first quarter that ended April 1, up 258% from the US$12 million posted in the same quarter a year ago. Seaboard’s CT&M segment has milling operations in 40 locations in 23 countries producing approximately two million tonnes of wheat flour,…

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Bartlett toasts to finalizing US$28 million expansion of US grain mill 

USA- North Carolina’s Bartlett, a Savage Company multinational, celebrated the completion of a US$28 million expansion of its grain milling facility in Wilson’s Mills on May 3rd, 2023, after having worked on it for almost two years.  This US$28 million investment involved adding a third milling unit and significantly increasing storage capacity for wheat, flour, and mill feed. “Our Wilson’s…

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Perdue AgriBusiness to divest its Maryland elevator for US$1.25 million

USA- Perdue AgriBusiness has agreed to divest its Lothian, Maryland elevator to Anne Arundel County for US$1.25 million and the parties will have 90 days from the signing of the contract, announced on March 21, to close the deal. An independent operating company of Perdue Farms Inc., Perdue AgriBusiness is a merchandiser, processor, and exporter of agricultural products, serving markets…

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LDC follows Cargill and Viterra in halting grain exports from Russia 

RUSSIA- Louis Dreyfus Company announced that it would cease grain export operations from Russia at the start of the new trading season in July.  This announcement comes within days of Cargill and Viterra announcing that they also would drop export activities in Russia. “Louis Dreyfus Company (LDC) will cease grain exports from Russia from July 1, 2023, as grain export…

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Iowa board rejects grain loss claims of US$1.5M

USA- The Iowa Grain Indemnity Fund Board rejected nearly US$1.5 million worth of claims from people who sold grain to Global Processing- a now-defunct soybean dealer that filed bankruptcy in October 2022. The indemnity fund was created amid the 1980s farm crisis and seeks to protect farmers from grain dealer and warehouse bankruptcies.  The fund has dwindling reserves and is…

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