Archive for March, 2015

Robust supplies push FAO food index to 55-month low

ROME, ITALY — The United Nation’s Food and Agriculture Organization’s (FAO) Food Price Index declined to a 55-month low in February, dropping 1% percent from January and 14% below its level a year earlier.

Lower prices for cereals, meat and especially sugar more than offset an increase in milk and palm oil prices.

The FAO Food Price Index averaged 179.4 points in February, down from 181.2 points in January and 208.6 points in February 2014.

Its ongoing decline — to its lowest level ...

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AFIA plans webinar on safe feed/safe food

ARLINGTON, VIRGINIA, U.S. — The American Feed Industry Association (AFIA) will host a Safe Feed/Safe Food webinar April 7, to discuss its recent certification program updates. The webinar, coordinated by the Safe Quality Food Institute, will address the major changes to the FSC36 Safe Feed/Safe Food guidance document, how the changes will impact facilities and the purpose behind the newly revised guidance document.

Changes to the program are listed in the FSC36 Safe Feed/Safe Food guidance document located on the Safe ...

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GEAPS honors industry leaders for service

MINNEAPOLIS, MINNESOTA, U.S. — The Grain Elevator and Processing Society (GEAPS) recognized three leaders at the President’s Banquet at Exchange 2015 on Feb. 24 in St. Louis, Missouri, U.S.

Nominated by their peers, all award winners were recognized for their dedication and commitment in service to the grain industry, the GEAPS organization or both.

Award winners included: George Kornstad, Industry Leader Award; Steve Schmitt, Corbett Award; and Tim Sullivan, International Member of Distinction.

Kornstad was honored for his dedication to advancing the best ...

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Joint venture creates France’s second largest miller

BOURGOGNE, FRANCE — Axereal and Dijon Cereales announced on March 2 that they are combining their milling units Axiane and Dijon Cereales Meunerie, which will create France’s second largest miller.

Effective July 1, the joint company will produce 430,000 tonnes of flour at 10 mills and will have 600 employees.

“This combination truly makes sense, based on a combination of tenders and geographical areas,” said Philippe Guez, Axereal and Pierre Raynal, Dijon Grain. “It is beneficial and positive for milling customers of ...

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ADM’s new CEO updating management structure

CHICAGO, ILLINOIS, U.S. — Archer Daniels Midland Company Chief Executive Officer Juan Luciano is moving quickly to create new management teams to drive the company forward the company announced on March 2.

“To accelerate the execution of our strategic plans, we need teams that can quickly flex and form to identify and capture opportunities, focus on what matters, deliver results and then re-form to address the next set of opportunities. To that end, I have formed some new teams and expanded ...

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