Archive for February, 2015

ADM named ‘Most Admired Food Production Company’

CHICAGO, ILLINOIS, U.S. — Archer Daniels Midland Company (ADM) said on Feb. 20 that it was ranked the world’s most admired company in the food production industry by Fortune magazine for 2015. Considered the definitive report card on corporate reputation, Fortune magazine’s annual list of the “World’s Most Admired Companies” ranks companies in a number of major industries.

“We are proud to be acknowledged by our peers for our leadership in the food production industry,” said ADM Chief Executive Officer Juan ...

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ADM CEO confident in trends underpinning company’s strategy

BOCA RATON, FLORIDA, U.S. — In his first CAGNY address as chief executive officer of the Archer Daniels Midland Co. (ADM), Juan Luciano said ADM must confidently attach itself to high probability trends to ensure long-term growth.

Luciano, who became CEO of ADM Jan. 1, spoke about the company’s structure and prospects for long-term growth in a presentation to the Consumer Analysts Group of New York annual conference Feb. 17 at the Boca Raton Resort and Club in Florida, U.S.

A challenge ...

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Analysts weigh in on Tate & Lyle as takeover target

VANCOUVER, BRITISH COLUMBIA, CANADA — Could Tate & Lyle be a takeover target for Bunge Ltd.? According to analysts with Canaccord Genuity, a potential bid from Bunge is now “substantially greater” given Tate & Lyle’s “lowered valuation, a strong U.S. dollar, low interest rates, a good strategic fit and shareholder dissatisfaction with Tate.”

In a research note e-mailed to clients on Feb. 16, Canaccord Genuity analysts Alicia Forry and Eddy Hargreaves said Tate & Lyle would provide greater exposure to value-added ...

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CHS returns $518 million to owners

ST. PAUL, MINNESOTA, U.S. — CHS, Inc. announced on Feb. 18 that it is returning a record $518 million to its owners.

“The ability of our owners, who are also our customers, to directly share in the financial success of CHS is a distinct advantage of being part of a cooperative business,” said David Bielenberg, CHS board chairman and a Silverton, Oregon, U.S., farmer. “And, this is cash that returns to local communities, enabling farmers, ranchers and cooperatives to invest in ...

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AFIA supports bill to end Cuba embargo

ARLINGTON, VIRGINIA, U.S. — The American Feed Industry Association (AFIA) on Feb. 16 said it supports bipartisan legislation introduced by Sen. Amy Klobuchar that, if enacted, would lift the United States’ economic embargo with Cuba. The bill is cosponsored by Sens. Dick Durbin, Michael Enzi, Jeff Flake, Patrick Leahy and Debbie Stabenow.

The Freedom to Export to Cuba Act of 2015 would repeal or revise current federal laws restricting trade with Cuba, opening a valuable marketplace for U.S. feed products, and ...

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AFIA updates Safe Feed/ Safe Food program

ARLINGTON, VIRGINIA, U.S. — The American Feed Industry Association said on Feb. 13 that it has updated its FSC36 Safe Feed/Safe Food Certification Program to support the new requirements outlined in the Food Safety Modernization Act as well as help drive continuous improvement within a location’s quality and feed safety program.

The updated requirements are listed as the FSC36 Safe Feed/Safe Food Guidance Document on the Safe Feed/Safe Food website and will take effect beginning March 1.

The goals of the updated ...

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Thailand:Drought diminishes 30% of off-season rice farming in central region

The Thai Rice Exporters Association has disclosed that this year’s drought would likely diminish about 30% of the projected 5-6 million tons of off-season rice output in the Central Region during the 1st round of off-season farming. The issues may affect the nation’s plan to remain as the number-one rice exporter in the ASEAN Region and the world.

According to Honorary President of the Association, Shukiate Opaswong, if the drought intensifies in April, the output on the 2nd round would be ...

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Experimental sorghum shows high yield potential

MANHATTAN, KANSAS, U.S. — In theory, grain sorghum should yield just as much as corn in Kansas, given the same amount of fertilizer and with substantially less water, according to Kansas State University (KSU) agronomist Tesfaye Tesso.

In practice, this has not yet happened consistently. New experimental lines in advanced testing at KSU are about to change that, however, said Tesso, who is a sorghum breeder with KSU Research and Extension. These advancements are thanks in large part to funding from ...

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Registration closes soon on Buhler-KSU milling courses

MANHATTAN, KANSAS, U.S. — Registration ends in February for two milling courses being offered by Bühler and Kansas State University (KSU).

Registration for the Bühler-KSU Expert Milling Course, March 16-20, in Manhattan, Kansas, U.S., ends on Feb. 15. It will include in-depth discussions of flow sheet diagrams and milling processes, optimum machine adjustment and mill handling.

Cost is $1,900 for members of the International Association of Operative Millers (IAOM) and $2,100 for non-members.

Registration ends Feb. 23 for the Bühler-KSU Curso para Expertos ...

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Alapala completes semolina mill in Turkey

GAZIANTEP, TURKEY — Alapala recently completed a semolina mill with a capacity of 400 tonnes per day for Oba Macaroni in Gaziantep, Turkey next to an existing mill.

The new semolina mill incorporates state-of-the-art milling technology including Corum, Turkey-based Alapala’ s new generation milling section models Similago II waltz machines and Aurora purifiers.

Founded in 1966 in Gaziantep, Oba Macaroni has always been a leading company in the sector. The Özgüçlü family took over the facility and the brand in 2005.

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