Dubai | Reuters — Saudi Agriculture and Livestock Co. (SALIC), an arm of the state-owned Public Investment Fund, is looking to buy land in Sudan to grow fodder, chief executive […] Read more
Saudi’s SALIC looking for land in Sudan for fodder
Noble exits ag markets with unit sale to China’s COFCO
New York | Reuters –– Noble Group said Tuesday it has agreed to sell its remaining 49 per cent stake in its agribusiness to China’s state-owned COFCO International, exiting agricultural […] Read more
Syngenta said talking to Monsanto, ChemChina, others
Zurich | Reuters — Swiss agrichemicals group Syngenta is in talks with Monsanto, ChemChina and other rivals but has not received a concrete takeover offer and is keeping all options […] Read more
Russian ministry proposes reducing wheat export tax
Moscow | Reuters — Russia’s agriculture ministry has proposed that the government reduce or cancel its wheat export tax due to rouble volatility and a decline in global wheat benchmarks, […] Read more
Saskatchewan farmland off limits for pension plans next month
Reuters/Staff — New rules for buying farmland in Saskatchewan, Canada’s biggest wheat- and canola-growing province, will take effect Jan. 4, and toughen its ban on pension plans investing, the provincial […] Read more
Mexico halts bid for COOL retaliation
Mexico City | Reuters — Mexico has halted a bid to impose retaliatory trade measures on the U.S. over meat labeling rules after U.S. lawmakers repealed them this week, a […] Read more
ChemChina to sweeten bid for Syngenta to $44B
Reuters — State-owned China National Chemical Corp. has raised its offer to buy Syngenta by about $2 billion, to US$44 billion, proposing a two-stage takeover of the agrochemical company, Bloomberg […] Read more
Louis Dreyfus said seeking buyers for juice, fertilizer units
Reuters — Louis Dreyfus Commodities is seeking buyers for its orange juice and fertilizer units as the global merchant focuses on higher-margin activities, sources said, the latest firm to take […] Read more
Canada not yet pulling trade trigger on COOL
Canada remains “cautiously optimistic” that the U.S. government will repeal its country-of-origin labelling (COOL) law before the Canadian and Mexican governments impose retaliatory tariffs. Federal Trade Minister Chrystia Freeland, speaking […] Read more
Norfolk Southern rejects CP’s revised offer
Reuters — U.S. railroad operator Norfolk Southern has formally rejected a revised offer from Canadian Pacific Railway (CP), raising the prospect of a proxy battle. CP shareholder Bill Ackman said […] Read more