World Grain - June 2021 - 89

WORLD GRAIN ARCHIVE
Brazil
1991
Archer Daniels Midland Co.
(ADM) has formed a new unit,
ADM International Ltd., to coordinate
its European sales of specialty
industrial food and feed ingredients.
The European consolidated corporate
Cheng
Tsang Man, also operates a
large flour mill in Singapore. It built
the flour mill in Trincomalee and
opened it in 1980 under a 25-year
" build-operate-transfer "
concesactivities
will be centralized
in Erith, a suburb of London, with
administrative operations relocating
from offices in Rotterdam, Netherlands,
and Hamburg, Germany.
The government of Iran has canceled
a prohibition against importing
products from the United States
and the United Kingdom by allowing
private and state-owned Iranian
businesses to have free commercial
and financial transactions with
US and UK companies. The move
came after a series of actions by the
government following the renewal
of diplomatic ties with the UK last
year and the settling of several longrunning
disputes with the United
States.
Monsanto Co. has signed an agreement
to sell most of its animal feed
ingredients
business and
certain
related assets to Mitsui & Co. Ltd.
and Nippon Soda Co. Ltd. of Japan.
Mitsui and Nippon Soda intend to
form a new company, headquartered
in St. Louis, Missouri, US, to
carry on the business. The sale was
expected to be completed at the end
of May, subject to government approval.
Monsanto's animal feed ingredients
business included Alimet
and MHA feed supplements and
Sangoquin feed antioxidant.
2001
Coincident with a decision by the
government of Sri Lanka to liberalize
the wheat and flour trade, an
agreement was entered into
provides
for Prima Ceylon Ltd.
to purchase the large flour mill
and bakery at Trincomalee that it
has operated for the past 20 years.
Prima, controlled by the family of
World-Grain.com / World Grain / June 2021
sion agreement that would run until
2005. As part of an ongoing privatization
program, the government,
prompted by the urging of the International
Monetary Fund, decided to
liberalize and to promote competition
in the milling and distribution
of flour, either milled locally or imported.
Under the new agreement,
effective June 20, 2001, Prima Ceylon
Ltd. will import its own wheat
for milling and also will distribute
and sell the flour.
2011
A monumental initial public offering
(IPO) of Glencore International
PLC was completed May 19, raising
gross proceeds of more than $10
billion. Under the offering, Glencore,
which has a major agricultural
trading, storage and processing
business, placed 1,137,331,973 ordinary
shares at a price of 530 pence
Argentina
Nueva Palmira
Uruguay
1985
1986
1987
1988
Archer Daniels Midland Co. (ADM)
announced on May 19 the construction
of a port terminal at Nueva
Palmira, Uruguay, to meet corn, soy,
wheat and soybean meal demands
in Europe, Asia, Latin America and
Africa. Located in the Zona Franca
(specialized trading zone), the terminal
will be the only facility at Nueva
Palmira with the ability to load large,
post-Panamax and Capesize vessels.
The terminal will have a storage
capacity of 180,000 tonnes. It is expected
to handle 2.8 million tonnes
of goods in its first year of operation,
and it will employ approximately
100 people.
PAVA recently re-opened one of its
Mikhailovsky milling plants following
the plant's reconstruction. PAVA
said the reconstruction works have
resulted in an increased production
capacity and improved working
conditions for employees. The
reopening was attended by PAVA
President Andrey Igoshin; PAVA
Chief Executive Officer Andrey
Ananin as well as business partners
and other PAVA directors.
that
(85¢) per share and 31,250,000 new
ordinary shares to Hong Kong investors
at HK$66.53 ($8.56). Following
the offering, Glencore estimated
its directors and employees
retained an 83.1% stake in the company's
ordinary shares. The IPO
created a publicly traded commodities
business with a market capitalization
of $59.2 billion. By way of
comparison, the market capitalization
of Bunge Ltd. is about $11 billion,
Archer Daniels Midland about
$20 billion; and The Goldman and
Sachs Group Inc., $71 billion.
Changes could be underway that
could remove the Canadian Wheat
Board's marketing monopoly in
time for the 2012 crop year, government
officials told reporters on
May 18. Agriculture Minister Gerry
Ritz said he plans to proceed with
legislation
that
will revamp how
farmers sell their grain. The goal is
to have the changes in place by August
2012, the beginning of the crop
marketing year, said Ritz, who told
reporters that there will be a consultation
with farmers.
1991
1989
1990
1992
1993
1994
1995
1996
1997
1998
1999
2001
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
89
http://www.World-Grain.com
World Grain - June 2021

Table of Contents for the Digital Edition of World Grain - June 2021
