Cargill expands joint venture with CHS as Uralchem eyes takeover of its assets in Russia

USA – Agribusiness giants CHS and Cargill have announced the intent to expand the scope of their joint venture, TEMCO, by adding the Cargill-owned export grain terminal in Houston, Texas. The Houston terminal has a capacity of six million bushels of storage and is located approximately 40 miles inland from the Gulf of Mexico via Galveston Bay. It can simultaneously hold 350 rail cars…

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Kellogg fully exits Russia with sale of operations to local firm Chernogolovka

RUSSIA- American multinational food manufacturing company, Kellogg, is divesting its operations in Russia to local snacks and drinks maker Chernogolovka. Founded in 1998, Chernogolovka makes snacks, energy drinks, and bottled water, and has been producing Cola Chernogolovka since May, following the suspension of sales in Russia by soda giants Coca-Cola and PepsiCo. Chernogolovka, which has also started supplying soft drinks…

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Ukraine ramps up grain export via Poland as Russia gears up for record wheat production in 2023

UKRAINE – Faced with a hostile neighbor on its eastern border, Ukraine, one of the world’s largest grain producers, is turning westwards to Poland in search of an export route for its vast reserves of grain. According to a Reuters report citing Poland’s infrastructure minister, Fifty percent more Ukrainian grain is moving via Poland monthly compared to the middle of…

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FAO grain index forecast decreases as Ukraine reports low grain export in November

GLOBAL  – The United Nations Food and Agriculture Organization’s (FAO) forecast for world cereal production in 2022 has been cut by 7.2 million tonnes this month and is now pegged at 2 756 tonnes, 2.0 percent (57 million tonnes) lower year-on-year. The global cereal stock-to-use ratio is estimated to drop to 29.3% in 2022-23 from 30.9% in 2021-22, registering the lowest level…

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