Create a free Feed Strategy account to continue reading

ADM launches sustainable soy program in Brazil

ADM launches sustainable soy program in Brazil

0a309510bfa577f7ba9f919bc3959865_clientImage_300x199_medium_original_1

From WATTAgNet:

Archer Daniels Midland Co. (ADM) has said it will launch a sustainable soy certification program in Brazil, with a focus on European buyers.

The program will include 120 of the 6,000 Brazilian producers growing soy for ADM, specifically targets the European Union, particularly the Netherlands.

Other companies in Brazil also are working to show their soybeans did not contribute to deforestation in the Amazon rainforest or employ slave labor. ADM said its program will expand in the coming years and likely will be launched in Paraguay as well.

In August 2014, the first loaded vessel departed ADM’s new export terminal in Barcarena, in the northern Brazilian state of Pará. The terminal is a significant addition to ADM’s expanding logistical network in Brazil, and offers an efficient pathway for the export of grain from the increasingly productive western and northern regions of the country.

This month, ADM reported quarterly profit higher than expected, but lower revenue. The favorable profits — $493 million, or 77 cents per share, up from $267 million, or 40 cents per share — were credited to strong oilseed crushing margins and robust global demand for soybean meal.

ADM also said this month that it is building a new feed premix plant in Zhangzhou, China, and a new feed plant in Glencoe, Minnesota.

And ADM said it will acquire complete ownership of North Star Shipping and Minmetal, which will enhance the company’s European origination and transportation network through the addition of export facilities at the Romanian Port of Constanta on the Black Sea.

ADM launches sustainable soy certification program in Brazil

The program, which should include 120 of the 6,000 Brazilian producers growing soy for ADM by the end of the year, is specifically targeting the European Union, and the Netherlands in particular, said Amanda Cosenza, sustainability manager for ADM in South America. ADM’s program will expand in coming years and will likely be launched in Paraguay as well, Cosenza said.

Read more at Reuters

Page 1 of 52
Next Page