Edition:
United Kingdom

Michael Hogan

Bunge lays off grain traders in Geneva as company seeks to minimize risk: sources

05 Sep 2019

PARIS/LONDON/HAMBURG U.S. agribusiness firm Bunge Ltd laid off up to 10 grain traders in Geneva in recent days as it pursues a global restructuring to cut costs and reduce market exposure, five industry sources said.

Australia’s Mackay Sugar accepts Nordzucker takeover

29 Jul 2019

HAMBURG Farmers who own shares in Australia's Mackay Sugar have voted to accept a takeover offer from Germany's Nordzucker, helping secure the company's future against a backdrop of depressed world sugar prices.

Heatwave seen trimming, not slashing EU grain harvest

28 Jun 2019

PARIS/HAMBURG A record-breaking heatwave in western Europe may trim grain harvest production but the searing heat is not expected to last long enough to cause the kind of severe crop losses seen during a drought last year.

GRAINS-Corn, wheat, soy firm as U.S. crop conditions disappoint

25 Jun 2019

* U.S. wheat, soybeans also seen in disappointing state (Recasts with European trade, adds new comment, changes dateline)

GRAINS-Corn climbs to near 2-year high on U.S. planting delays

28 May 2019

* U.S. rain also supports soybeans, wheat (Recasts with European trade, adds new comment, changes dateline)

UPDATE 2-Germany’s Nordzucker posts loss, sees another this year

23 May 2019

BRAUNSCHWEIG, GERMANY, May 23 Germany's second largest sugar refiner Nordzucker on Thursday became the latest major European producer to post a loss as the industry battles against a slump in prices.

UPDATE 1-Suedzucker sees tough year on weak sugar prices

16 May 2019

HAMBURG, May 16 The CEO of Suedzucker, Europe's largest sugar refiner, said on Thursday trading conditions are expected to remain tough in the first half of its 2019/20 financial year because of low sugar prices but an improvement could be in sight from October.

Soybeans fall as news of U.S.-China trade deal awaited

05 Mar 2019

HAMBURG Chicago soybeans fell on Tuesday as dealers awaited more news on a trade agreement to reopen China's huge soybean market to U.S. exports.

UPDATE 2-Leading Russian state bank tightens grip on Black Sea grain export hub

14 Feb 2019

* Novorossiisk is Russia's main deep-sea grain export hub (Adds context, reaction of traders)

Hangover for UK farmers as Brexit uncertainty hits brewing barley sales to EU

11 Jan 2019

LONDON/HAMBURG Sales of British malting barley to European Union brewers and malt producers for delivery after Brexit have come to a virtual stop because of uncertainty about future trading relations.

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