Commodity Trading
Vivergo posts losses of £68.6 million
The Vivergo wheat-to-bioethanol plant on Humberside made a pre-tax loss of £68.6 million on revenues of £159.92m in the year ended August 31st 2018, following a £35.9m loss on revenues of £159.47m in the previous year, state documents filed at Companies House. The...
read moreADM completes Gleadell equity purchase
Archer Daniels Midland (ADM) has completed its full acquisition of the Gleadell Agriculture arable marketing business, and will now proceed to merge all its UK merchanting interests into a single ADM Agriculture company. In January, ADM announced it had agreed to buy...
read moreADM completes Neovia feed acquisition
US multinational crop trading and processing company Archer Daniels Midland (ADM) has completed its €1.54 billion purchase of the Neovia feed manufacturing operation from the French co-operative InVivo. The integrated business will be one of the world’s largest...
read moreOpenfield back in the black
Arable marketing co-operative Openfield Group has returned to profit after the previous year’s loss. The farmer-owned grain marketing and inputs supplier has reported a pre-tax profit of £400,000 on revenues of £628 million in the year ended June 30th 2018, compared...
read moreUncertainty buffets quiet wheat market
Uncertainty, as currency is moved up and down by political uncertainty over Brexit, is leading to a quiet UK wheat market. “It’s so thin,” Stuart Attridge, trader at Harlow Agricultural Merchants observed. “You come in one morning thinking this has all gone far enough...
read morePulse shortage supports spot and futures values
Pulse crop values are high as global demand exceeds supply. The UK market has little old crop left, with attention now turning to prospects for harvest 2019. There appears to be little open market peas or beans of good quality available for new trades, notes Roger...
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