Kiev | Reuters — Ukrainian businessman Oleh Bakhmatyuk, the major shareholder in agricultural group Ukrlandfarming, is in talks with Chinese and Middle East investors about possibly selling a stake in the company, Interfax news agency said on Monday. Ukrlandfarming’s main businesses are grain and sugar production, livestock farming, the distribution of agricultural products and the […] Read more
Ukrlandfarming owner in talks to sell stake
China busts gang selling expired dairy products
Shanghai/Wellington | Reuters — Chinese police have arrested 19 people for repackaging and selling expired dairy products originally from New Zealand giant Fonterra Co-Operative Group, a Shanghai regulator said on Monday, the latest food scare to hit the country. The bust, which initially took place in March, uncovered the gang who had cut 276 tons […] Read more
World wine output seen at four-year low
Paris | Reuters –– Worldwide wine production is expected to fall this year to its lowest since 2012, chiefly due to adverse weather that sharply cut output in France and South America, wine body OIV estimated on Thursday. Global wine output is set to decrease by five per cent compared with last year to 259.5 […] Read more
Canada’s Onex to buy U.S. grocery chain Save-A-Lot
Reuters — Food retailer and wholesaler Supervalu Inc. said it will sell its Save-A-Lot business to Canadian private equity firm Onex Corp. for US$1.37 billion rather than spinning off the discount grocery chain as previously planned, the companies said on Monday. Eden Prairie, Minnesota-based Supervalu had been looking to separate the more profitable division, which […] Read more
ChemChina, Syngenta ready to offer EU remedies over merger
Florence | Reuters — Chinese state-owned chemical company ChemChina and Swiss pesticides and seeds group Syngenta are prepared to offer concessions to EU antitrust regulators to ease concerns over their US$43 billion deal, a person familiar with the matter said Friday. The companies will meet European Commission officials on Monday in a meeting called by […] Read more
U.S. forecaster sees La Nina likely in coming months
New York | Reuters — A U.S. government forecaster on Thursday said the chance has increased for weather phenomenon La Nina developing in the coming months in the Northern Hemisphere fall and persist into winter 2016-17. The Climate Prediction Center (CPC), an agency of the National Weather Service, in a monthly forecast pegged the chance […] Read more
Germany’s top court hears CETA challenge
Karlsruhe, Germany | Reuters — Germany’s Constitutional Court on Wednesday began hearing a legal challenge to a planned EU-Canada free trade deal that could paralyze the accord. Three German activist groups handed in 125,000 signatures to the court in August in opposition to the Comprehensive Economic and Trade Agreement (CETA), which they fear will undermine […] Read more
U.S. biodiesel executives plead guilty over fraud scheme
New York | Reuters — Two men pleaded guilty in a U.S. court on Wednesday to conspiracy, fraud and making false statements related to the U.S. government’s controversial policy designed to boost use of renewable fuels, according to court documents. The case comes in the last four weeks of a contentious U.S. presidential election campaign […] Read more
EU anti-globalization politician allowed to stay in Canada
Ottawa | Reuters — European Parliament member and anti-globalization activist Jose Bove will be allowed to stay in Canada after earlier being told to leave the country, according to organizers of an event where he had been scheduled to speak. The Council of Canadians, a social justice non-profit, said on Wednesday that a decision to […] Read more
Tyson invests in non-meat protein
Reuters — Tyson Foods, the largest U.S. meat processor, took a five per cent stake in plant-based protein maker Beyond Meat amid growing pressure on food companies to reduce environmental and health risks by changing the way they source protein. Terms of the deal were not disclosed. Manhattan Beach, Calif.-based Beyond Meat sells plant-based burger […] Read more
Cyber-Savvy Farmer
