Archive for November, 2021

ADM finalizes acquisition of Deerland Probiotics & Enzymes

CHICAGO, ILLINOIS, US — ADM on Nov. 19 completed its acquisition of Kennesaw, Georgia, US-based Deerland Probiotics & Enzymes. Financial details of the transaction, which was first announced Nov. 3, were not disclosed.

“One of the fundamental structural demand trends driving ADM’s growth is consumers’ increasing focus on health and well-being, with global demand for health and wellness products estimated at more than $775 billion,” said Vince Macciocchi, president of ADM’s Nutrition business. “About 4 in 10 global consumers are seeking ...

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IGC: wheat stocks continue to tighten

LONDON, ENGLAND — Global wheat stocks continue to tighten as the International Grains Council (IGC) released its latest Grain Market Review report on Nov. 18 that showed production falling by 4 million tonnes and carryover stocks declining by 2 million tonnes since last month’s estimates.

The IGC said the wheat production forecast was lowered to 777 million tonnes, mainly because of a sharp reduction in output in Iran as well as downgrades in Kazakhstan, Algeria and the European Union. Iran’s decline ...

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ADM, FBN announce expanded partnership

CHICAGO, ILLINOIS, US and SAN CARLOS, CALIFORNIA, US – Archer Daniels Midland (ADM) and Farmers Business Network (FBN) on Nov. 18 announced that ADM has made an equity investment as part of FBN’s latest capital funding raise, and that the companies have signed a letter of intent to expand their existing relationship through a wide range of potential future areas of cooperation.

The companies said the partnership combines ADM’s scale and expertise across the global food and agriculture value chain with ...

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Vietnam to reduce tariffs on imported US grain

ARLINGTON, VIRGINIA, US – US wheat and corn growers received welcome news on Nov. 16 as the Vietnam government announced it would eliminate its 3% tariff on US wheat imports and reduce its tariff on imported US corn from 5% to 2% by the end of the year.

The decree, which will go into effect on Dec. 30, was praised by US agricultural trade groups.

“US wheat exports to Vietnam’s growing market are much slower so far this year because of short ...

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ADM opens new animal nutrition lab

ROLLE, SWITZERLAND – Archer Daniels Midland (ADM) announced on Nov. 15 the opening of its new animal nutrition laboratory located in Rolle, Switzerland.

The new lab will support the development of science-based feed additives to meet customer needs for petfood, aquaculture and livestock species worldwide, the company said.

ADM said scientists in the lab will accelerate the development of innovative products to address some of the main challenges of animal production with sustainability at the forefront. For example, scientists will develop precise ...

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Millers seek help fighting supply chain bottleneck

WASHINGTON, DC, US — Grain millers have reached out to US President Joe Biden seeking a partner in the mission to alleviate massive US supply chain challenges propelling prices higher amid growing shortages of critical ingredients such as gluten, emulsifiers, and soybean oil, along with packaging.

The North American Millers’ Association, along with other key supply chain stakeholders in the agricultural, foodservice, trucking, warehousing, manufacturing, retail, construction and energy sectors, published an open letter to Biden on Nov. 3.

Five supply chain ...

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ADM to acquire Deerland Probiotics & Enzymes

Chicago, ILLINOIS, US — ADM has reached an agreement to acquire Kennesaw, Georgia, US-based Deerland Probiotics & Enzymes, a transaction ADM said will significantly expand its broad portfolio of health and wellness products and solutions. Financial terms of the transaction were not disclosed.

“The microbiome represents one of ADM’s six strategic growth platforms, and with global demand for health and wellness products estimated at more than $775 billion, today’s investment represents a significant step forward for ADM,” said Juan Luciano, chairman ...

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