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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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SINGAPORE- Olam Group, one of the world’s biggest agricultural commodity traders, recently announced that it is targeting the Singapore-Saudi IPO of its agricultural unit by the first half of 2024. According to Euromoney, there have been much fewer listings in the recent past that go beyond real estate investments, and Olam’s listing will be a welcome exemption. Moreover, going ahead…
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SINGAPORE- Evonik, one of the largest manufacturers of specialty chemicals used in animal feed production, is making progress with the expansion of its DL-methionine production plant in Singapore. Methionine is a limiting amino acid used in livestock production to enhance the nutrition of animals efficiently, and with its science-based approach, the Animal Nutrition business line of Evonik develops products that…
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SINGAPORE – Agri-food giant, Olam Group, has appointed eight members to the Olam Agri Board to lend additional focus to its overarching strategy to address the supply chain challenges around the world. According to the statement, the eight Board Members will collectively sit across four of Olam Agri’s Board Committees, namely the Governance, Nomination, Talent & Remuneration Committee, the Audit…
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SINGAPORE- Nutrition Technologies, a biotech company headquartered in Singapore and operating in Malaysia, has welcomed Bunge Ventures, the for-profit principal investing arm of Bunge, as its newest investor. Tom Berry, Co-CEO and Co-founder of Nutrition Technologies expressed his excitement over Bunge Ventures coming in as an investor in his announcement. “Their global network and experience in the agribusiness sector are…
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SINGAPORE- Privately-held global ingredient manufacturer Kemin Industries recently opened an innovation center, BITEPod, for its food technologies business at The Rutherford in Singapore Science Park. The new application-and-experience center is designed to promote advancement in food formulation for Kemin Industries. The center of excellence features advanced kitchen facilities and a research-and-development (R&D) laboratory, focusing on developing prototypes and improving formulations…
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SINGAPORE- Agrocorp International Pte Ltd, a Singapore-based global agricultural commodities company recently announced plans to partner with Japan-based diary firm Megmilk Snow Brand Co., Ltd. on a joint venture to manufacture and market plant-based food ingredients. This recently announced partnership will be named Agro Snow Pte Ltd and will establish a joint-venture company in Singapore and a wholly-owned subsidiary in…
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SINGAPORE- Barry Callebaut Group’s board of directors has appointed Vamsi Mohan Thati as president of their Asia Pacific business, headquartered in Singapore, effective April 1, 2023. Founded in 1996, the Barry Callebaut Group is the world’s leading manufacturer of high-quality chocolate and cocoa products, with an average annual production of 2.3 million tonnes of cocoa & chocolate, with the APAC…
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SINGAPORE- In spite of growing geopolitical risks and significant macroeconomic volatility in 2022, Olam Agri delivered revenue growth of 18.0% to US$36.9 billion. Olam Agri, one of three of Olam’s operating groups, accounted for the largest share of the Group’s sales volume at 89.0%, while ofi and Remaining Olam Group accounted for 8.4% and 2.6%, respectively, in 2022. This revenue…
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SINGAPORE – Singapore commodity trader Olam Group has outlined plans to list its majority-owned agri-business subsidiary, Olam Agri Holdings, as early as the first half of 2023. As per the company’s press release, plans are underway to list its majority-owned agri-business subsidiary, Olam Agri Holdings Pte. Ltd. (“OAHPL”), which holds the Olam Agribusiness, as early as H1 2023 (the “Olam…
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