GFM Network News


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Bunge, BP team up for Brazil sugar and ethanol venture

Sao Paulo | Reuters – U.S. commodities trader Bunge Ltd and British energy company BP Plc said on Monday they will merge their Brazilian sugar and ethanol operations to create the world’s third-largest sugarcane processor. The joint venture is the largest deal in Brazil’s bioenergy sector since Royal Dutch Shell joined forces with Cosan to […] Read more

Bunge wrongly bet that soybean prices would rise as U.S.-China trade tensions eased.

Bunge posts surprise loss on trade-related soy hedges

Chicago | Reuters – Global grains merchant Bunge Ltd reported a surprise quarterly loss on Wednesday as its agribusiness unit took a $125 million hit from soybean hedges tied to the trade dispute between the United States and China. Shares of the White Plains, New York-based company fell 2.9 percent in early trading to $67.10 […] Read more


A cargo ship getting topped up with grain.

Think a big new West Coast terminal is good news? Think again

Expanding storage capacity just helps the big grain companies depress the price paid to farmers

Reading Time: 2 minutes G3 has announced it may build a new grain terminal at the West Lynn terminal on the North Shore of Vancouver’s Burrard Inlet. G3 is the joint venture of U.S.-based multinational grain company, Bunge Ltd., and the Saudi Agricultural and Livestock Investment Co., owned by the Saudi government. It was given the assets of the […] Read more