Ana Mano

Stories by Ana Mano

Global trade tensions and the African Swine Fever epidemic in Asia have piled pressure on grain trading firms as they try to emerge from a period of falling margins. Family-owned LDC, known as Dreyfus, is the "D" of the 'ABCD' quartet of global traders that also includes Archer Daniels Midland Co, Bunge Ltd and Cargill Inc. | Screencap via ldc.com
News

Grain trader Louis Dreyfus to cut costs in ongoing overhaul

SAO PAULO/PARIS, (Reuters) – Louis Dreyfus Company is making sweeping cost cuts, starting with travel, entertainment, hiring and salaries, as the 168-year-old agricultural commodities firm tries to revive dwindling profits. Global trade tensions and the African Swine Fever epidemic in Asia have piled pressure on grain trading firms as they try to emerge from a […] Read more
Brazil plans to introduce a 750,000-tonne tariff-free quota for wheat imports from countries outside of the South American Mercosur trade bloc in November, a government official said on Monday. | File photo
Crop Management, News

Brazil’s tariff-free wheat import quota to be implemented in November

SAO PAULO, (Reuters) – Brazil plans to introduce a 750,000-tonne tariff-free quota for wheat imports from countries outside of the South American Mercosur trade bloc in November, a government official said on Monday. Flavio Bettarello, the agriculture ministry’s assistant secretary for trade and foreign relations, told an industry conference that enforcing the new tariff-free quota […] Read more
News

DSM to file for Brazil registration of methane-reducing feed additiv

SAO PAULO,  (Reuters) – DSM, a Dutch health and nutrition company, will imminently file for Brazilian registration of a new feed additive for cows that can cut methane emissions by around 30 percent, a company executive told Reuters in an interview on Wednesday. Methane is a natural byproduct of digestion in cows and other ruminants, […] Read more
Markets, News

China’s COFCO plans to boost Brazil ops

SAO PAULO, (Reuters) – Chinese commodities trader COFCO plans to increase investments in Brazilian operations as the business environment in the country is likely to improve after approval of economic reforms, the company’s chairman, Johnny Chi, said on Monday. Speaking at Brazil’s 2019 Agribusiness Congress, Chi said COFCO is looking at investments such as new […] Read more
Markets, News

Brazil’s Amaggi to raise cotton area, cut corn and soy acreage

SAO PAULO, (Reuters) – Brazil’s privately owned grain farmer and trader Amaggi will reduce soy and corn plantings in the coming season and increase cotton acreage after betting high on the latter commodity, a company executive said on Friday. Pedro Valente, Amaggi’s director general, said at a farming event in São Paulo that the firm […] Read more
Markets, News

Brazil soybeans lose protein, China sales at risk

SAO PAULO, (Reuters) – The protein content in Brazilian soybeans fell for the first time in four harvests in 2018, according to preliminary government data, a development that has already cost Brazilian companies business with top buyer China. Declining protein levels in Brazil, the world’s top soybean supplier, spell trouble for exporters who are faced […] Read more

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