Glencore wants to exit the agriculture business. Neil Townsend believes that is because there’s a “profitability problem” in agriculture.
Tag Archives Glencore
Glencore appears to be readying agriculture industry exit
Company says it will likely sell its remaining share in Bunge now the Viterra merger is concluded
Glencore says long-term strategy may involve sale of Bunge stake
Miner and trader Glencore said on Wednesday that its long-term strategy could involve the sale of its 16.4 per cent stake in enlarged global agribusiness Bunge Global some time in the future.
Shippers fear rail stoppage ‘catastrophe’
OTTAWA (Reuters) — North American industry groups and shippers are bracing for an unprecedented simultaneous stoppage at both of Canada’s main railways that could inflict billions of dollars’ worth of economic damage. Canada is the world’s second-largest country by area and relies heavily on trains to transport grain, automobiles, potash, coal and other goods. “It’s […] Read more
Bunge-Viterra merger worries competition bureau
UPDATED – April 24, 2024 – 0900 CST – OTTAWA (Reuters) — Canada’s Competition Bureau says it has found major competition concerns around U.S. grains merchant Bunge’s proposed acquisition of Glencore-backed Viterra, throwing an obstacle before a global agriculture merger that is unprecedented in dollar value. The deal would create a company worth $34 billion, […] Read more
