Coca-Cola announces US$1.2b investment in Argentina

USA - The Coca-Cola company has announced a US$1.2bn investment in Argentina over the next three years to 2021, aimed at improving operations and expand production in the country. The new investment adds to the US$1 billion it committed to invest in the country in partnership with its four bottling partners including Coca-Cola Andina, Arca…

Bunge considers soybean exports to Argentina

USA - Bunge Ltd, multinational food and agribusiness company is considering exporting US soybeans to Argentina and the move would be ratified depending on the margins. The plans were revealed by Soren W. Schroder, chief executive officer of Bunge at an investor event in New York adding that they look forward to bumping up soybean…

Arla Foods Ingredients acquires Argentinian dairy cooperative

ARGENTINA – Arla Food Ingredients, a subsidiary of dairy cooperative Arla has acquired 100% of the shares in Arla Foods Ingredients S.A (AFISA) to support the company’s ambition for market growth in South American region. Arla has bought the stake from the members of the Argentinian dairy cooperative SanCor who have agreed to sell their…

Argentine grain output prospects receive double boost

ARGENTINA - Argentine grain harvest prospects received a double boost as officials forecast a further increase in corn sowings in 2017-18, while upgrading their area estimate for the newly-started wheat harvest. The Argentine agriculture ministry, in its first forecast for corn sowings for 2017-18 for all purposes, including silage, pegged them at 8.9m hectares, a…