Corbion completes acquisition of Bunge’s stake in SB Renewable Oils JV

USA - The Dutch food and biochemical company Corbion N.V has announced it has completed the acquisition of Bunge’s stake in the Orindiúva, Brazil based SB Renewable Oils JV. This involves a 49.9% stake held by Bunge in the joint venture which specialises in the production of algae ingredients, such as Omega 3 rich oil,…

Bunge opens new wheat milling facility in Mexico

MEXICO - Bunge North America has opened a new wheat milling facility in Del Mayab, Mexico, expanding its reach to customers in Southeast Mexico who account for about 10% of Mexico’s population, reported World Grain. Bunge said the facility’s proximity to the nearby port, Puerto Progresso enhance efficient wheat delivery from the port for processing…

Bunge S.A to supply ‘cheaper’ wheat for humanitarian relief in Ethiopia

ETHIOPIA - Bunge S.A, Amsterdam based subsidiary of Bunge Limited has made the least offer to supply 35,000 tonnes of wheat for US$10.51 million meant for humanitarian assistance programme deemed Productive Safety Net Program. The program targets to reach 10 million food-insecure people, spending US$3 billion a year out of which 14% is funded by…

Bunge files to list Brazilian sugar and ethanol business

USA - The global agribusiness and food company has filed a registration for a potential public offering of its sugar and ethanol business, Bunge Açúcar & Bionergia with the Brazilian Securities Commission. With the listing which is subject to market conditions and valuations, Bunge plans to operate the business as a stand-alone entity after obtaining…

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…

Bunge and ADM talks stall amid pressures from investors

USA - Takeover talks between Bunge Ltd. and Archer Daniels Midland Co. have stalled, sources familiar with the matter said, throwing into question a combination that could have formed one of the world’s largest agricultural conglomerates. The two companies, already among the biggest global traders and processors of farm commodities, have been unable to reach…

Bunge completes acquisition of the 70% stake in IOI Loders Croklaan

NEW YORK - Bunge Limited, a global agribusiness and food company, has announced it has completed its acquisition of a 70% ownership interest in IOI Loders Croklaan from IOI Corporation. The acquisition establishes Bunge as a global leader in business-to-business oil solutions with expanded value-added capabilities, reach and scale across core geographies. With Loders, Bunge…

Bunge reports loss for the fourth quarter, plans to quit sugar trading business

US - Bunge has reported a loss of US$60 million in the fourth quarter in for its agribusiness, sugar and bioenergy and edible oils business in the year 2017. The world-leading agricultural merchant has posted weaker earnings as compared to last year when it recorded a net profit of US$271million. Bunge says that this came…

ADM agrees to buy Bunge Ltd, according to various sources

US - The world's largest corn mill of global grain company, Archer Daniels Midland Co, has reached an agreement to buy smaller rival Bunge Ltd, as reported by Bloomberg, citing unnamed sources familiar with the matter. The potential deal comes as large grain traders that make money by buying, selling, storing and shipping commodity crops…