glencore Archives | Farmtario

File photo of a vineyard in South Australia. (Alicat/iStock/Getty Images)

Glencore seeks Australian carbon capture approval amid farmer protests

By Peter Hobson, Reuters May 13, 2024

Australia's Queensland state will decide this month whether to give Glencore a key approval to bury liquefied carbon dioxide in the country's largest aquifer, a plan farm groups say must be blocked because it risks poisoning water supplies.

Signage on Viterra’s office building in Regina. (Dave Bedard photo)

Crops, Markets

Bunge, Viterra confirm marriage plans

Firms to merge under Bunge banner

By Dave Bedard June 13, 2023

The grain handler built out from the foundations of the former Prairie pools is set to be absorbed into one of the world’s biggest grain trading firms in a cash-and-stock deal. After the news leaked out last month, Rotterdam-based Viterra confirmed Tuesday morning it’s “concluded an agreement” to merge into Bunge — the St. Louis-based […] Read more

Crops

Viterra in talks to merge with Bunge, source says

Merger would vault Viterra into top tier of grain trade

By Anirban Sen May 25, 2023

Reuters — Global grain trader Viterra is in talks to merge with U.S. rival Bunge Ltd., according to a person familiar with the matter, in a potential mega-deal that would reshape the top tier of global grains merchants. There is no certainty that Viterra, part-owned by Switzerland-based mining and trading giant Glencore, will be able […] Read more

Crops

Bunge says sanctions may have ‘adverse effect’ on Russian operations

By Karl Plume March 2, 2022

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 and rival agribusinesses ADM and Cargill suspended operations in Ukraine last week after Russia invaded its neighbour. But none have stopped their business in Russia […] Read more

Kyle Jeworski, Viterra’s CEO for North America, speaks in a December 2020 promotional video announcing the company’s worldwide rebranding. (Viterra video screengrab via YouTube)

Crops

Viterra seeking expansion in Americas, Australia, sources say

By Clara Denina November 13, 2021

London | Reuters — Swiss miner and trader Glencore and its partners are looking at options to expand their agricultural joint venture Viterra, including targeted bolt-on acquisitions in the Americas and Australia, two sources close to the matter said. The firm, formerly known as Glencore Agriculture, made the headlines in 2017 for a failed takeover […] Read more

Crops

Viterra brand goes worldwide

Glencore Agriculture begins rebranding in most countries

By Dave Bedard December 2, 2020

Glencore Agriculture has officially taken the name of its Canadian subsidiary as its own worldwide. Glencore Agriculture, co-owned by commodity firm Glencore and two Canadian public-sector pension fund investment firms, announced Monday it has started to use the name Viterra — and a new brand, “Viterra: The Agriculture Network” — in most of the 37 […] Read more

File photo outside Viterra’s downtown Regina office building. (Dave Bedard photo)

Crops

‘Glencore Agriculture’ to adopt Viterra brand

Worldwide ag business to rebrand later this year

By Dave Bedard August 20, 2020

A trademark that Swiss commodity firm Glencore picked up when it bought its way into Prairie agriculture is about to become the global brand for its agribusiness offspring. David Mattiske, CEO of Glencore Agriculture, announced in a statement Wednesday the company will rebrand the business to Viterra in “late 2020.” The Viterra brand dates back […] Read more

Glencore’s head office in Baar, Switzerland. (Glencore.com)

Crops, Markets

Glencore’s head barley trader leaves post

By Reuters November 13, 2019

Paris | Reuters –– Glencore Agriculture removed head barley trader Mathieu Kleine from his post last week, market sources familiar with the matter said. The grain merchant, which is part owned by diversified commodity group Glencore, dismissed Kleine due to disappointing results, two of the sources said. It was not clear if Kleine was still […] Read more

Louis Dreyfus’ oilseed processing plant at Yorkton, Sask. (LDC.com)

Crops

Grain trade regional tie-ups seen more likely over mega-deals

By Reuters March 26, 2019

Paris | Reuters — The agricultural trading industry can expect more consolidation at a regional level in an effort to improve margins, but big deals between global merchants are becoming more difficult, Louis Dreyfus’ CEO said. Merchants have been grappling with lower profits from sourcing and shipping commodities such as grain and oilseeds, prompting cutbacks […] Read more

Crops, Markets

Bunge names acting CEO, cuts 2018 guidance

By Reuters January 22, 2019

Reuters — Global grains trader Bunge appointed one of a slew of new board members as its acting CEO on Tuesday and cut its 2018 earnings forecast as the U.S.-China trade war battered soybean prices and devalued the company’s inventory in Brazil. Gregory Heckman, a founding partner of private investment firm Flatwater Partners and former […] Read more

Tag Archives glencore

Glencore seeks Australian carbon capture approval amid farmer protests

Bunge, Viterra confirm marriage plans

Viterra in talks to merge with Bunge, source says

Bunge says sanctions may have ‘adverse effect’ on Russian operations

Viterra seeking expansion in Americas, Australia, sources say

Viterra brand goes worldwide

‘Glencore Agriculture’ to adopt Viterra brand

Glencore’s head barley trader leaves post

Grain trade regional tie-ups seen more likely over mega-deals

Bunge names acting CEO, cuts 2018 guidance

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