U.S. agribusiness giant Cargill said it is selling its poultry business in China to private equity firm DCP Capital, exiting a Chinese meat market that has become increasingly challenging, especially for foreign players. The sale of the unit known as Cargill Protein China is subject to regulatory approvals but is expected to close this year, Cargill said in a statement on Wednesday.
Ukraine is seeking guarantees from Moscow and the U.N. that a deal on the safe export of Black Sea grain will work normally if Kyiv allows Russian ammonia to transit Ukrainian territory, a Ukrainian official said on Tuesday.
Ukraine wants to begin work to make its Danube shipping canal deeper as early as this year to expand its alternative routes to export grain, Deputy Minister of Renovation and Infrastructure Yuriy Vaskov said on Tuesday.
Malaysian palm oil futures ended lower for a second consecutive session to log its worst day in two weeks as rival edible oils fell, with oversupply worries denting investor sentiment on Tuesday. The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange slid 141 ringgit, or 3.98%, to 3,405 ringgit a tonne, its largest daily drop since May 16.
Russia warned the West on Monday that a deal allowing Ukrainian grain to be exported from the Black Sea would cease unless a United Nations agreement aimed at overcoming obstacles to Russian grain and fertiliser exports was fulfilled.
- In the 2015 sci-fi film "The Martian," Matt Damon stars as an astronaut who survives on a diet of potatoes cultivated in human feces while marooned on the Red Planet. Now a New York company that makes carbon-negative aviation fuel is taking the menu for interplanetary cuisine in a very different direction.
A Russian drone attack overnight damaged some infrastructure in Ukraine's Black Sea port of Odesa, which is key for its grain exports, the Ukrainian military said on Monday. "A fire broke out in the port infrastructure of Odesa as a result of the hit. The military did not specify whether the damage at the port threatened grain exports.
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