Reading Time: 2 minutes Paris | Reuters –– Louis Dreyfus Co. said on Wednesday it would sell or wind down its small dairy business by the middle of this year as part of an overhaul to revive growth at the agricultural commodity giant. Privately-held Louis Dreyfus had previously earmarked dairy as one of several activities to be sold or […] Read more
Louis Dreyfus to exit dairy by mid-2019
Ontario marijuana producer Aphria’s CEO to step down
Reading Time: 2 minutes Reuters — Canadian pot producer Aphria’s co-founder and CEO Vic Neufeld is stepping down, at a time the company is facing questions about its deals in Latin America and a recent slump in its shares. The Leamington, Ont. company also said its marijuana sales nearly doubled in the second quarter driving overall revenue to $21.7 […] Read more
Romaine-related E. coli outbreak appears over
Reading Time: 2 minutes Reuters — The multistate outbreak of E. coli infections linked to romaine lettuce from the Central Coastal growing regions in northern and central California appears to be over, the U.S. Centers for Disease Control and Prevention (CDC) said on Wednesday. Sixty-two people infected with the outbreak strain of E. coli were reported from 16 states […] Read more
Amazon reported planning to expand Whole Foods chain
Reading Time: < 1 minute Reuters — Amazon.com is planning to expand its Whole Foods Market portfolio by adding more stores to put more customers within its two-hour delivery service range, the Wall Street Journal reported on Sunday, citing sources. Whole Foods employees have visited regions of western North America for potential retail spaces in parts of Idaho, southern Utah […] Read more
WFP says Yemen food aid being stolen in Houthi-run areas
Reading Time: 2 minutes Geneva | Reuters — Food aid meant for starving Yemenis is being stolen and sold in some areas controlled by the Houthi movement, the U.N. World Food Program (WFP) said on Monday. The Houthis control most towns and cities including the capital Sanaa, from where they ousted Abd-Rabbu Mansour Hadi’s government in 2014. A Saudi-led […] Read more
Aphria says proposed hostile bid undervalues company
Reading Time: < 1 minute Reuters — Canadian cannabis producer Aphria said on Friday Green Growth Brands’ proposed $2.8 billion all-stock hostile bid “significantly” undervalued the company. Ohio-based cannabis retailer Green Growth, which merged with Xanthic Biopharma in November, said on Thursday it would offer 1.5714 shares for each Aphria share. The company said its valuation was based on a […] Read more
U.S. hostile play launched for Ontario pot producer Aphria
Reading Time: < 1 minute Reuters — U.S. cannabis company Green Growth Brands said on Thursday it would make a takeover bid for Aphria Inc., valuing the Canadian pot producer at $2.8 billion. The all-stock offer comes at a time when several companies are looking to partner with or buy pot firms to explore opportunities in the Canadian cannabis sector […] Read more
USDA outlines first-ever rule for GMO labeling
Reading Time: 2 minutes Washington | Reuters — The U.S. Department of Agriculture on Thursday laid out its first-ever requirements for labeling of genetically engineered, or GMO, foods as early as 2020, a rule met with praise from some farmers and criticism from consumer groups. Consumers have been pushing for years for greater transparency over what is in their […] Read more
GrainCorp says offer not certain enough to make recommendation
Reading Time: < 1 minute Reuters — Australia’s GrainCorp Ltd. on Wednesday said it was providing suitor Long-Term Asset Partners (LTAP) due diligence to put forward a more certain proposal. The country’s largest listed bulk grain handler earlier on Dec. 3 received a buyout proposal from little-known asset manager LTAP in an all-cash deal for A$2.38 billion (C$2.303 billion), or […] Read more
U.S. forecaster sees 90 per cent chance of El Nino in winter
Reading Time: < 1 minute Reuters — There is a 90 per cent chance of the El Nino weather pattern emerging during the Northern Hemisphere winter of 2018-19, a U.S. government weather forecaster said on Thursday. “The official forecast favours the formation of a weak El Nino,” the National Weather Service’s Climate Prediction Center (CPC) said in a monthly forecast. […] Read more
A message from April Stewart, Country Guide's Associate Editor
