Reuters — Cargill Inc. said on Monday Brian Sikes will take over as the global commodities trader’s new president and CEO effective Jan. 1. Sikes will succeed Dave MacLennan, who […] Read more
Tag Archives cargill
Cargill names new CEO
Former proteins boss to lead firm
Sollio to exit southwestern Ontario grain handling
Country elevator assets to be sold after harvest, co-op to focus on ag retail
One of Canada’s biggest ag co-operatives is moving ahead on plans to “optimize assets” by shedding its stake in grain handling in southwestern Ontario and focusing more closely on retail […] Read more
Cargill fiscal 2022 revenue jumps to record US$165 billion
Reuters — Global commodities trader Cargill on Tuesday reported that its fiscal year 2022 revenue jumped 23 per cent from a year earlier to a record US$165 billion. The strong […] Read more
Cargill, Continental close U.S. chicken deal
Washington | Reuters — Cargill and Continental Grain said on Friday that they had closed their deal to buy Sanderson Farms, the third largest chicken producer, in a deal worth […] Read more
Cargill plans to close U.K. rapeseed crush plant
Fewer U.K. farmers growing crop
London | Reuters — Cargill plans to close its rapeseed crush facility in Hull, eastern England, the global commodities trader said Tuesday. The mill, which Cargill has been operating since […] Read more
CEOs of four large U.S. meatpackers to testify in Congressional hearing
Beef prices up for consumers, down for ranchers
Washington | Reuters — The chief executives of U.S. meatpackers Cargill, Tyson Foods, JBS and National Beef Packing have agreed to testify at a Congressional hearing discussing cattle markets and […] Read more
Quebec group seeks to sue beef packers over pricing
Group's class-action application alleges price-fixing dating back to 2015
A Quebec consumer protection group intends to launch a class action lawsuit against four major beef processors in Canada and the U.S., alleging a “meat pricing conspiracy.” “At a time […] Read more
Bunge says sanctions may have ‘adverse effect’ on Russian operations
Reuters — Global agricultural commodities trader Bunge said continued conflict in Ukraine and stinging sanctions on Russia could have an “adverse effect” on its operations in the breadbasket region. Bunge […] Read more
Ukraine shuts ports as conflict threatens grain supplies
Moscow/Kyiv | Reuters — Ukraine’s military has suspended commercial shipping at its ports after Russian forces invaded the country, an adviser to the Ukrainian president’s chief of staff said, stoking […] Read more
Biden unveils plan to boost competition in U.S. meat industry
Reuters — The United States will issue new rules and US$1 billion in funding this year to support independent meat processors and ranchers as part of a plan to address […] Read more