Frankfurt | Reuters — German drug and crop chemical maker Bayer and U.S. seeds company Monsanto are launching asset sales worth roughly US$2.5 billion as they seek regulatory clearance for their US$66 billion merger, people close to the matter said. To kick off an auction process, Bayer’s advisors will send out information packages next week […] Read more
Bayer, Monsanto start asset sale toward merger clearance
Greek farmers clash with police in Athens during reforms protest
Athens | Reuters — Greek farmers clashed with police in central Athens on Wednesday when a protest against tax and pension reforms mandated by the country’s multi-billion-euro bailout turned violent. About 1,300 farmers who had arrived in Athens from the island of Crete overnight headed to the agriculture ministry, which was sealed off by police […] Read more
Low-path bird flu turns up in Wisconsin turkeys
Paris | Reuters — The U.S. has reported an outbreak of avian flu on a farm in Wisconsin, the second in the country in less than a week although the virus found this time is considered less virulent, the World Organization for Animal Health (OIE) said on Tuesday. A strain of low-pathogenic H5N2 avian flu […] Read more
Nestle, Coke end Nestea iced tea venture
Zurich/London | Reuters –– Nestle and Coca-Cola have agreed to end their Nestea iced tea joint venture after 16 years and pursue separate strategies in the fast-changing bottled drinks market. The companies formed Beverage Partners Worldwide in 2001 to sell Nestea around the world but the brand has faced fierce competition from Lipton iced tea, […] Read more
Macquarie to buy Cargill’s global oil business
Houston | Reuters — Australian bank Macquarie Group is planning on buying Cargill’s global oil business, according to people familiar with the matter, marking the second energy business the global commodities trader has shed this year. Terms of the deal have been agreed upon, but the integration could take several weeks or longer, one of […] Read more
Soy loadings delayed at Brazil northern ports
Brasilia | Reuters — At least 11 ships are facing delays in loading soybeans at Brazil’s northern ports after rains washed out roads and disrupted the progress of trucks carrying beans from the centre-west region, Brazilian officials said on Thursday. Agriculture Minister Blairo Maggi said some commodities traders could have problems fulfilling soy export contracts […] Read more
Mexico will only stay in NAFTA if it suits it, minister says
Mexico City | Reuters — A defiant Mexico said on Tuesday it would only stay in NAFTA if it suited it and rejected the imposition of any tariffs or quotas when renegotiating the trade deal U.S President Donald Trump wants to recast to benefit the United States. Trump has vowed to exit the North American […] Read more
Mexico eyes Brazil farm products as hedge on Trump threat
Brasilia | Reuters — Amid trade tensions with the U.S., Mexico plans to send a delegation next month to visit Brazilian corn, beef, chicken and soy producers as an alternative to U.S. suppliers, its representative in Brazil said on Friday. Mexican charge d’affaires Eleazar Velasco said Brazil is uniquely positioned to expand agricultural commodity sales […] Read more
Wild boars roam Czech forests, some of them radioactive
Prague | Reuters –– The Czech Republic has an unusual problem this winter with its wild boar meat, a local delicacy. The boars are radioactive. Actually, it’s not the boars themselves, but what they’re eating. A cold and snowy winter is forcing them to feed on false truffles, an underground mushroom common in the Sumava […] Read more
Maple Leaf Foods allows McCain to boost stake
Reuters — Canadian meat processor Maple Leaf Foods reported a smaller-than-expected profit on Wednesday and also said it would allow its biggest shareholder to take a bigger stake in the company. The company said CEO Michael McCain and an affiliated company, McCain Capital Inc., could now bump up their stake to as much as 45 […] Read more
Canadian Cattlemen Presents: Depth of Field
