Commodities
20 Soy schemes pass FEFAC benchmarking process
(Posted on 12/04/22)FEFAC and ITC have announced that five more schemes offering responsible soy products to the European feed market have successfully passed the independent benchmarking process against the FEFAC Soy Sourcing Guidelines 2021. The FEFAC represents, defends and promotes the interests of the European compound feed and premix industry...
US ag groups urge flexibility amid food crisis threat
(Posted on 01/04/22)The National Grain and Feed Association (NGFA) in the USA has urged Agriculture Secretary Tom Vilsack to provide flexibility for Conservation Reserve Program (CRP) acres to help address global commodity supply challenges caused by Russia’s invasion of Ukraine. The NGFA consists of grain, feed, processing, exporting and...
Rio Tinto completes acquisition of Rincon lithium project
(Posted on 30/03/22)Rio Tinto has completed the acquisition of the Rincon lithium projectin Argentina for $825 million, following approval from Australia’s Foreign Investment Review Board (FIRB).A binding agreement to purchase the project from Rincon Mining, a company owned by funds managed by the private equity group Sentient Equity Partners...
Ukrainian Grain Association call for humanitarian aid
(Posted on 23/03/22)Following Russia’s invasion of Ukraine, the Ukrainian Grain Association has launched an non-political appeal for humanitarian aid.IBJ is pleased to publish the statement in full:“If you are a farmer / farmers associations, an input supplier of seed/ chemicals/ fertilizer/ others services, a transport company involved...
Bühler hands over first Prime Masa plant in India
(Posted on 18/03/22)Bühler has handed over its first Prime Masa plant in India, the second Prime Masa plant worldwide, to PV Sons Corn Milling.The innovative plant will consume 84% less water, 52% less energy compared to a traditional nixtamalization process, and will produce 96% less waste, among other benefits.The Prime Masa plant is a solution...
All-cash proposal for full Turquoise Hill ownership
(Posted on 18/03/22)Rio Tinto has made a non-binding proposal to the Turquoise Hill Board to acquire the approximately 49% of the issued and outstanding shares of Turquoise Hill that Rio Tinto does not currently own (the “Proposed Transaction”). Under the terms of the Proposed Transaction, Turquoise Hill minority shareholders would receive...
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