grain growing News
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Data Highlight: Arab Grain Imports Rising Rapidly
The Arab countries in the Middle East and North Africa make up only 5 percent of the world’s population, yet they take in more than 20 percent of the world’s grain exports. Imports to the region have jumped from 30 million tons of grain in 1990 to nearly 70 million tons in 2011. Now imported grain accounts for nearly 60 percent of regional grain consumption. With water scarce, ...
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ADM to Acquire GrainCorp
Archer Daniels Midland Company (NYSE: ADM) announced today that it has completed due diligence on GrainCorp Limited (ASX: GNC) and intends to make a cash offer to acquire the outstanding common shares of the company for A$12.20 per share under the terms of the takeover bid implementation deed signed with GrainCorp last week. “We believe the offer delivers strong value for both ...
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Cereal prices continue to rise, defying improved supplies
The FAO Food Price Index rose notably in January, led by sugar and cereals, even as global markets remain well supplied. The FAO Food Price Index averaged 173.8 percent in January, its highest value in almost two years, marking a 2.1 percent increase from its revised December value and 16.4 percent above its 2016 January level. The FAO Sugar Price Index surged 9.9 percent in the month, driven ...
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