The Federal Court of Australia today approved the acquisition of Australian food manufacturer Goodman Fielder by Asian agribusiness group Wilmar International and Hong Kong-listed conglomerate First Pacific Company.
Algeria is seeking to raise domestic production of grains – beginning commercial maize production last year – and will soon approve applications from foreign investors to boost output and reduce reliance on imports, Reuters reports. The country imports nearly all of its maize needs and uses it for animal feed, with maize imports reaching 3.2M tonnes in 2013 and US$891.78M.
The European vegetable oil sector stands to lose €7.2bn out of a current total turnover of €24bn if the European Parliament environment committee’s new 6% limit on biofuels made from food crops is adopted, says the European Vegetable Oil and Proteinmeal Industry association (Fediol).
In the European Union (EU), biofuel industry buzzwords for the start of the year are 'ILUC', 'decarbonisation' and 'greenhouse gas reduction'. Delegates from all over the world gathered at the 'Fuels of the Future' conference, held in Berlin from 19-21 January 2015, to consider these and many other issues arising in the EU in the lead-up to 2020.
China has officially approved the import of genetically modified (GM) crops, including a corn variety developed by Syngenta AG, a soyabean variety developed by DuPont Pioneer and another soyabean variety from Bayer CropScience AG, Crop Biotech Update reports. The approval for Syngenta’s Viptera corn covers corn grain and processing byproducts, such as dried distillers’ grains for human and animal consumption.
In December, the Indian Sugar Mills Association (ISMA) said it welcomed the government’s decision to link the ethanol price to the sugarcane price, saying that ethanol blending would save foreign exchange to the tune of Rs5,000 crore (US$800M), The Economic Times reports.
China’s massive state-run grain trading company, Cofco, is planning an initial public offering (IPO) that could take up to three years to complete, Global AgInvesting reported in October. The IPO will include the trading and agricultural assets of Noble Group and Nidera, which were acquired earlier this year.