US agribusiness Bunge has announced it is moving its global headquarters from White Plains, New York to St Louis, Missouri.

“While St Louis is already an important hub for Bunge and our current North American operations, the city is also home to a number of food, agriculture, animal health and plant science organisations and customers,” said Bunge CEO Gregory Heckman.

Bunge said on 13 August that it was in the early planning stages of the relocation, which was expected to be completed by the end of second quarter 2020.

Bunge was founded in Amsterdam, the Netherlands in 1818, before moving to Antwerp, Belgium in 1859, according to World Grain. It expanded into Buenos Aires, Argentina in 1884 and began trading in North America in 1918. The company moved its global headquarters to São Paulo, Brazil in 1975 before transferring it to White Plains in 1998.

The company sources, processes and supplies oilseed and grain products and ingredients around the world, employing 31,000 people behind 360 port terminals, oilseed processing plants, grain silos, and food and ingredient production and packaging facilities.