Archive for June, 2015

WASHINGTON, D.C., U.S. — U.S. 2015 winter wheat production was forecast at 1.505 billion bushels, up 2% from 1.472 billion bushels forecast in May and up 9% from 1.378 billion bushels in 2014, the U.S. Department of Agriculture (USDA) said in its June 10 Crop Production report.

The forecast was above the average trade expectation of 1.469 billion bushels.

Production of hard red winter wheat was forecast at 887 million bushels, up 4% from 853 million bushels in May and up 20% ...

CHICAGO, ILLINOIS, U.S. — Archer Daniels Midland Company (ADM) announced on June 2 that it has acquired tree nut and seed processing assets and operations in Modesto, California, U.S., from California Gold Almonds, adding critical processing capacity on top of ADM’s existing West Coast nut operations in Lodi and Stockton, California.

Under the terms of the deal, ADM is acquiring the lease to the brand-new Modesto processing plant, and taking ownership of assets — including processing equipment — at the facility.

“This ...

ACCRA, GHANA — According to the first edition of the Regional Overview of Food Insecurity in Africa (2015), Angola, Djibouti, Cameroon, Gabon, Ghana, Mali and Sao Tome and Principe met both the relevant Millennium Development Goal – that of halving the proportion of the population suffering from undernourishment – and the more stringent World Food Summit target of halving the absolute numbers of the hungry, the United Nation’s Food and Agriculture Organization (FAO) said on June 2.

West Africa in particular ...