Reading Time: 2 minutes The packer behind the pilot of a Canadian value chain for certified sustainable beef says its first three months are proof the model is scalable as well as functional. The pilot’s first quarter “proved that a significant volume of beef can be successfully traced through a certified supply chain for the participating customers,” Gurneesh Bhandal, […] Read more
Sustainable beef pilot passes first-quarter mark
ADM, Syngenta settle suit over biotech corn exports
Reading Time: < 1 minute Chicago | Reuters — U.S. grain merchant Archer Daniels Midland has settled a lawsuit with Syngenta over the seed company’s launch of a biotech corn strain that roiled grain exports to China, according to regulatory documents filed on Friday. ADM sued Syngenta four years ago for selling the corn variety known as Agrisure Viptera or […] Read more
Cargill to expand western Manitoba elevator
Reading Time: < 1 minute Agrifood firm Cargill expects to provide more marketing opportunities for western Manitoba growers — particularly of soybeans — with a major elevator expansion. The U.S. company’s Winnipeg-based Canadian arm on Thursday announced it will put up $15 million to add 9,000 tonnes of storage capacity to its 13,500-tonne capacity elevator at Oakner, Man., about 70 […] Read more
Rush on to reverse U.S. tax boon for ag co-ops
Reading Time: 3 minutes Chicago | Reuters — Republican U.S. senators are working with some of the world’s biggest agricultural merchants to undo a last-minute provision in the tax overhaul that threatens to distort the grains market and starve private firms of corn, soy and wheat supplies. It was included during final revisions of the tax bill that passed […] Read more
Major U.S. grain firms fear harm from new tax law
Reading Time: 3 minutes Chicago | Reuters — The new U.S. tax law is poised to drive more control over the nation’s grain supply to farmer-owned co-operatives, provoking concern among ethanol producers and privately run grain handlers that they could be squeezed out of the competition to buy crops. Until now, the co-operatives, private companies and publicly traded firms […] Read more
Cargill profit falls as grain glut limits trading
Reading Time: 2 minutes Chicago | Reuters – Cargill Inc reported a 6 percent drop in quarterly profits on Wednesday as a global glut of grains limited trading opportunities for the food-commodities merchant. Four years of bumper grain and oilseeds harvests have squeezed profits for Cargill and main rivals Archer Daniels Midland Co, Bunge Ltd and Louis Dreyfus Corp […] Read more
White Revolution 2.0
While Canada and the U.S. clash over NAFTA, Cargill, Nestlé and other global dairy giants are pumping their money into India
Reading Time: 7 minutes India is the world’s largest dairy producer, thanks to the “White Revolution” that it launched shortly after the country’s independence in 1947, when it first gave itself the goal of replacing dairy imports and promoting self-sufficiency. Now, the country has embarked on a White Revolution 2.0 that will keep its borders closed to imports of […] Read more
Cargill fined $10 million for inaccurate swaps information: CFTC
Reading Time: < 1 minute Washington/Chicago/Reuters – Cargill Inc will pay a $10 million fine for providing inaccurate information on swaps to protect its revenue, and for failing to supervise the company’s swap dealers, the Commodity Futures Trading Commission said on Monday. The CFTC said that beginning in 2013, Cargill did not comply with regulations on thousands of complex swaps […] Read more
Cattle traceability to pay off in Cargill pilot
Reading Time: 3 minutes UPDATED, Nov. 2 — A pilot program running through one of Canada’s biggest beef packing plants aims to test systems that can show consumers the exact path of their beef from ranch to restaurant — and reward cattle producers for their trouble. Cargill on Wednesday announced a new year-long Canadian Beef Sustainability Acceleration pilot, with […] Read more
McDonald’s sets new welfare standards for chicken suppliers
Reading Time: 2 minutes Chicago | Reuters — McDonald’s Corp. will require suppliers to improve the living conditions and slaughter process for chickens raised to be served in its restaurants, the company said on Friday, the latest changes affecting popular menu items such as McNuggets. Under new guidelines for animal welfare, suppliers such as Tyson Foods and Cargill must […] Read more
A message from April Stewart, Country Guide's Associate Editor
