💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

ADM and Cargill plan soybean JV in Egypt

Published 02/26/2018, 07:00 AM
© Reuters.  ADM and Cargill plan soybean JV in Egypt
ADM
-
  • Archer Daniels Midland (NYSE:ADM) and Cargill announce that they reached an agreement to launch a joint venture to provide soybean meal and oil for customers in Egypt.
  • The National Vegetable Oil Company joint venture will operate a soy crush facility in Borg Al-Arab, along with related commercial and functional activities.
  • "ADM is adding to its geographic footprint in regions of expanding growth, and we're particularly pleased to continue to enhance our capabilities in Egypt," saidADM exec John Grossmann. "Egypt is an important market where demand for high-quality soybean meal and oil is outpacing the rest of the world," he adds.
  • The companies hope to formally launch the joint venture in the middle part of the year.
  • Source: Press Release
  • Now read: Cocoa Heads For The Upper End Of Its Trading Range


Original article

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.