World Grain - March 2016 - 16

NEWSREVIEW

Ingredion expanding in Asia-Pacific
WESTCHESTER, ILLINOIS, U.S. - InJUHGLRQ ,QF KDV HQWHUHG LQWR D GH¿QLWLYH
agreement with Pingyuan County Juyuan
State-Owned Asset Management Co., Ltd. to
acquire the state-owned Shandong Huanong
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3LQJ\XDQ&RXQW\6KDQGRQJ3URYLQFH&KLna. Financial terms of the transaction were
not disclosed.
Ingredion said the acquisition supports its
specialty ingredients business in China and

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directors. The transaction remains subject to
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well as to other customary closing conditions.
"This acquisition is another step in executing our strategic blueprint for growth," said
-RUJHQ .RNNH ,QJUHGLRQ VHQLRU YLFHSUHVLGHQWDQGSUHVLGHQW$VLD3DFL¿FDQG(0($
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UHJLRQ ZLWK D YHUWLFDOO\ LQWHJUDWHG PDQXIDFturing base for specialty ingredients. China is

a growing market for
our specialty starches,
and this acquisition
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further expansion to accommodate future market growth in China and
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Shandong Huanong
Kokke
6SHFLDOW\ &RUQ 'HYHOopment Co., Ltd. has 146 employees.

Grain shipments down at Novorossiysk sea port
12925266,<6. 5866,$ ² 1RYRURVsiysk Commercial Sea Port (NCSP) Group
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million tonnes of grain.
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became possible to a large degree thank to
the transshipment equipment modernizaWLRQSURJUDPLPSOHPHQWHGRYHUWKHODVWWZR
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at all stages and created capacity headroom,

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best to consolidate this progress."
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and reached 13.9 million tonnes.
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same period of last year.

Flour Mills of Nigeria earnings increase in first nine months
LAGOS, NIGERIA - Flour Mills of Nigeria reported on Feb. 3 that earnings for
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in the same period of the last year.
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naira in the same period of last year.
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period of last year.
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period of last year.
)ORXU 0LOOV RI 1LJHULD VROG D KROGing in United Cement Co. of Nigeria to LaIDUJH$IULFDLQ1RYHPEHU%ORRPEHUJ
reported on Feb. 3, which contributed to the
earnings increase.

Russia's wheat exports expected to increase 7%
026&2: 5866,$ ² 5XVVLD¶V XQIDYRUable dry weather conditions last autumn
during planting of the winter cereal crops
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the irregular emergence of some crops, according to a Feb. 3 GIEWS Country Brief
from the Food and Agriculture Organization of the United Nations (FAO).
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most regions reduced the risk of winterkill.
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good or satisfactory condition. The total area
planted to winter cereals is estimated at 16.3
million hectares, slightly below 16.8 million
hectares of last year.
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16

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output is estimated at 61.8 million tonnes,
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increased planting area and better yields.
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weather-induced lower yields.
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season are forecast at around 31 million
WRQQHV PDUJLQDOO\ KLJKHU WKDQ WKH SUHYLous season. Of the total, wheat is expected
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year. During the same period, shipments

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the customs duties allowing traders to increase wheat shipments on foreign markets,
the report said.
Domestic prices of milling wheat increased
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lower than in January last year, mainly presVXUHGE\WKHJRRGRXWSXW
By contrast, export prices of milling
ZKHDW GHFOLQHG E\ LQ -DQXDU\ DV D UHsult of ample supplies and strong export
FRPSHWLWLRQRQJOREDOPDUNHWV$WWKLVOHYel, prices are almost one-third below their
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March 2016 / World Grain / www.World-Grain.com

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World Grain - March 2016

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