World Grain - October 2015 - (Page 13)

NEWSREVIEW Glencore considers selling stake in agricultural unit BAAR, SWITZERLAND - In a move to reduce its $30 billion debt by $10 billion, Glencore said on Sept. 7 it is considering a sell down of its agricultural unit. In a release, Glencore said approximately $2 billion could be raised from the sale of assets, including, but not limited to, proposed precious metals streaming transactions and the minority participation of third-party strategic investors in certain parts of Glencore's agriculture assets, including infrastructure. *OHQFRUH &KLHI )LQDQFLDO 2I¿FHU 6WHYHQ Kalmin told Bloomberg News that the move could entail taking on investors in its agricultural infrastructure assets including its ports, or the sale of a minority stake in the entire agricultural unit. He noted that there has been increased interest in food commodities from Japanese and Chinese sovereign wealth funds. Mitsubishi Corp. announced in July the acquisition of 20% stake in commodity trader, Olam International and last year, COFCO Corp., China's largest food company, acquired controlling interests in Noble Group and Nidera BV. -XVW ¿YH PRQWKV DJR 7RQ\ +D\ZDUG Glencore's chairman, said the company was considering expansion of its agricultural business. Glencore expanded its presence in the agriculture industry with the purchase of Canadian grain trader Viterra, Inc. in 2012 for $4.6 million. But agricultural production has been on a GRZQZDUG WUHQG DQG SUR¿WV WRRN D WXPEOH LQWKH¿UVWKDOIRI*OHQFRUHUHSRUWHGD  GHFUHDVH LQ DJULFXOWXUDO SUR¿WV IRU WKH ¿UVWKDOIRIWKH\HDUDQGVDLGLWZDVDFKDOlenging time for commodities. Financial marNHWVFRQWLQXHGWR¿[DWHRQWKHULVNVWRJOREDO growth, against a backdrop of a stronger U.S. dollar. Commodity prices are now at levels QRW VHHQ VLQFH WKH ¿QDQFLDO FULVLV RI  09 and various markets appear increasingly driven by perceptions and technical factors rather than reality or fundamentals. On Aug. 13, Glencore reported that its $JULFXOWXUH VHJPHQW SURGXFHG  PLOOLRQ WRQQHV LQ WKH ¿UVW KDOI RI  FRPSDUHG ZLWKPLOOLRQWRQQHVD\HDUHDUOLHU&UXVK volumes were in line with the prior period, EXWZKHDWPLOOLQJZDVGRZQWRPLOlion tonnes. Rice milling production was GRZQWRPLOOLRQWRQQHV Switzerland-based Glencore is one of the world's two biggest wheat traders, handling  RI WKH ZRUOG¶V VHDERUQH WUDGH DQG LV one of the top three agricultural exporters in Russia, Canada, Australia, and the E.U. / World Grain / October 2015 For more information, see Page 106. For more information, see Page 106. Sioux Falls, SD Truck Sampler Rakoraf 2 LINEAR „ &RPSOHWHDQGUHSUHVHQWDWLYH VDPSOHVIURPGUDZEDU FRPELQDWLRQVVHPLWUDLOHUV DQGUDLOZD\FDUV   Z H 1 „ 6DPSOLQJUDQJHRIXSWR P[P „ &RQVWUXFWLRQRQFROXPQV RUZDOOEUDFNHW „ 3URYHQDQGSDWHQWHG5DNRUDI FRUHVDPSOLQJWHFKQLTXH „ (DV\WRXVHUHPRWHFRQWURO „ )DVWLQVWDOODWLRQ 7KH5DNRUDIFDQEHFRQQHFWHGYLD DSQHXPDWLFWUDQVSRUWV\VWHPWR DVDPSOHGLYLGHUDVDPSOHFOHDQHU DQGRWKHUODERUDWRU\HTXLSPHQW ZZZSIHXIIHUFRP 3IHXIIHU*PE+)OXJSODW]VWU'(.LW]LQJHQ 7HO)D[LQIR#SIHXIIHUFRP For more information, see Page 106. 13

Table of Contents for the Digital Edition of World Grain - October 2015

World Grain - October 2015
Table of Contents
From the Editor-in-chief - Precision agriculture versus GMO’s
Calendar of Events
Registration opens for IPPE, Jan. 26-28, 2016
News Review - Louis Dreyfus hires new CEO, ending 17-month search
Ardent Mills finalizes deal to acquire Mondelez facility
Glencore considers selling stake in agricultural unit
Former Cargill executive to lead The Andersons
Flour milling specialist joins KSU faculty
Viterra to acquire oilseed processor
Nisshin plans major expansion of Canadian flour mill
Bunge to acquire Brazilian wheat miller
Cargill executive returns as member of Leadership Team
Woodchip company closer to exporting grain with ACCC decision
Australia plans to standardize, upgrade freight network
The Andersons completes grain facility updates
Mitsubishi to buy 20% share of Olam
Cargill to double capacity at soybean crush facility in Egypt
Grain Market Review - Rice
Country Focus - Indonesia
Feature - Ardent Mills coming into its own
Feature - More than a large number of mills
Feature - Face of Canada’s grain industry changing
The geography of demographic changes in Canadian agriculture
Feature - 'We're in dire straits'
Dr. Stephen Blank profile
Feature - Ship loading/unloading projects flourish
Port News Roundup
Feature - Australia seeks FTA's with Asia
Feature - Grain Market Roundtable
Milling Operations - Whole wheat flour milling, storage challenges
Feature - Global flour trade holding steady
IGC: Industrial use of grains forecast higher in 2015-16
Feature - Protecting the lifeblood of your operation
Technical Profile - Staying in control of mycotoxins
Supplier News
Product Showcase
World Grain Archive
Ad Index/Reader Information Form International Faxback Program

World Grain - October 2015