Covantis launches as legal entity, announces CEO and executive appointments

SWITZERLAND – Covantis, the industry initiative that aims to modernize global agribusiness trade operations, has announced that it has received all required regulatory approvals and has incorporated as a legal entity in Geneva, Switzerland, as […]

Bunge divests its Brazilian margarine and mayonnaise assets

BRAZIL – Bunge Limited has agreed to sell its margarine and mayonnaise assets in Brazil to Seara Alimentos S.A., in a move that seeks to streamline the company’s operation in the country. The transaction includes […]

Maple Leaf Foods secures first sustainability-linked credit facility in Canada

CANADA – Meat and plant protein producer, Maple Leaf Foods has secured sustainability-linked terms for its credit facilities – integrating environmental targets with improved financing. The company recently signed an amendment to its existing credit facilities […]

Agribusiness trade modernization initiative advances with new project name, Covantis

USA – The founding members of the industry-wide initiative to modernize global trade operations; ADM, Bunge, Cargill, COFCO International, Louis Dreyfus Company and Glencore Agriculture have announced its new project name, Covantis. The initiative has […]

Bunge acquires stake in Brazilian grains and inputs supplier Agrofel Grains

BRAZIL – Global agribusiness company, Bunge has entered into an agreement to acquire 30% stake in a Brazilian-grain sourcing business, Agrofel Grains and Inputs. Agrofel sells agricultural supplies in the southern state of Rio Grande […]

Grain trader Bunge to relocate global headquarters to St Louis

USA — Bunge Ltd., the global agribusiness company has announced that it will be relocating its global headquarters from New York, U.S., to St. Louis, Missouri, U.S. The world’s biggest soyabean processor and a leading […]

Bunge and BP to create biofuels joint venture in Brazil

BRAZIL – Agribusiness giant, Bunge Limited and BP Plc have agreed to create a new biofuels joint venture in Brazil, one of the world’s largest fast-growing markets for biofuels. The 50:50 JV will create a […]

Bunge partners Field to Market for transparent and sustainable farming

USA – Agribusiness giant, Bunge has partnered Field to Market to integrate the latter’s sustainability metrics into Bunge Centerfield™, a partnership that collects farm-level data to promote supply chain transparency and sustainable agriculture. Using the […]

Bunge appoints Gregory A. Heckman new company Chief Executive

USA – Global agribusiness company, Bunge has appointed Gregory A. Heckman as the company’s next Chief Executive Officer, after serving in the role on an interim basis for three months. The appointment allows Heckman to […]

Ethiopia agrees to buy 400,000 tons of wheat from Bunge, ADM and Amropa AG

ETHIOPIA – The Government of Ethiopia has reached an agreement with three companies; Bunge SA, Amropa AG and Archer Daniels Midland (ADM) Co. in the supply of 400,000 metric tonnes of wheat. According to a […]