British multinational oil and gas company BP and US agribusiness giant Bunge completed the formation of their joint venture on 2 December that combines their bioenergy and sugarcane ethanol businesses in Brazil.
US President Donald Trump has proposed tariffs of up to US$2.4bn worth of French imports including butter, cheese and sparkling wine in retaliation for France’s tax on US tech companies including Google, Amazon and Facebook.
China and the USA announced on 13 December that they had reached a preliminary trade deal including some tariff relief, increased agricultural purchases and structural change to intellectual property and technology issues.
China’s largest food processor and manufacturer, COFCO, plans to privatise its agricultural subsidiary, China Agri-Industries Holdings (CAIH), in a deal worth up to US$1.2bn, Reuters reported on 28 November.
Germany pharmaceutical giant Bayer has criticised Mexico for stopping imports of glyphosate – the active ingredient in its herbicide Roundup – warning that the country’s farmers will face a major disruption in fighting weeds.
A sustainable coconut oil project involving US agribusiness giant Cargill, German chemicals firm BASF and global consumer goods corporation Procter & Gamble (P&G) has resulted in certified farmers earning 47% more in income in the Philippines and Indonesia.