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Consumer advocates are saying that Bunge’s $8.2 billion agreement to buy Viterra could drive up prices, while Bunge says the companies don’t overlap. Consumer advocates are saying that Bunge’s $8.2 billion agreement to buy Viterra could drive up prices, while Bunge says the companies don’t overlap. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified.…

Grain trader Bunge agreed to acquire Glencore-backed Viterra for $8.2 billion in a deal that would create one of the world’s largest agricultural companies. Grain trader Bunge agreed to acquire Glencore-backed Viterra for $8.2 billion in a deal that would create one of the world’s largest agricultural companies. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source…

Some of the world’s largest grain companies posted better-than-expected profits and raised their financial outlooks for the year, thriving off crop shortages and global volatility.Two of the largest farm giants that dominate global grain trading and processing, Archer Daniels Midland Co. ADM 2.60% and Bunge Ltd. BG 6.99% , said this week that despite fears about a recession, demand for their grain, biofuels and…

A lackluster U.S. harvest this year is setting back efforts to relieve a global food supply that has been constrained by Russia’s war in Ukraine, agriculture-industry executives said.Senior executives from companies such as Bayer AG BAYRY -1.66% , Corteva Inc., CTVA -1.04% Archer Daniels Midland Co. ADM -1.37% and Bunge Ltd. BG -2.38%…

The world’s supply of crops is under pressure and likely to remain that way even as grain prices fall, say some of the world’s largest agriculture companies.Russia’s invasion of Ukraine is continuing to disrupt supplies from one of the world’s top grain-exporting regions. Bad weather affecting big crop-producing regions, including in South America, is also helping to fuel the supply crunch. Archer Daniels Midland Co. ADM 4.31% and Bunge Ltd.…

Growing fears of a global recession and easing concerns over world food shortages are reversing a sharp rally in grain markets, but pressure on food supplies could linger for years, executives and agricultural economists say.Prices for agricultural commodities such as corn and wheat have tumbled in recent weeks following a monthslong surge touched off by Russia’s invasion of Ukraine in late February. War between the two agricultural giants drove futures prices for wheat at the Chicago Board of Trade up by $4 a bushel in…