Swiss grain merchant Ameropa said on Monday it has appointed William Dujardin, a longstanding manager at Bunge (BG), as its next chief executive. Dujardin will take up the post on Jan. 8, Ameropa said in a statement. He will succeed Andreas Zivy, the group's chairman who took on the CEO role earlier this year when Jan Kadanik left the firm.
* Ivory Coast cocoa grinders processed 47,000 tonnes of beans from the start of the season on Oct. 1 to the end of October, data from exporters' association GEPEX showed on Monday.
Louis Dreyfus Company on Monday appointed its head of coffee Michael Gelchie as its new chief operating officer in the latest management reshuffle at the family-held agricultural commodity group. Gelchie will take on the COO role with immediate effect, replacing Andrea Maserati, who is leaving the firm, LDC said in a statement.
Agricultural commodity giant Louis Dreyfus on Monday named Michael Gelchie as its new chief operating officer, while also announcing the departure of executive Andrea Maserati. LDC is one of the so-called "ABCD" quartet of global grain trading giants, alongside Archer Daniels Midland (ADM), Bunge (BG) and Cargill.
The U.S. Department of Agriculture said on Friday it will begin making a second round of 2019 trade aid payments to U.S. farmers next week. The payments are the second part of a three-tranche $16 billion aid package announced in May to compensate farmers for the U.S.-China trade war.
France's parliament will on Friday vote again on whether to remove tax breaks for the use of palm oil as a biofuel, a day after a ruling in favour of maintaining the advantage led to howls of protests from environmentalists.
After becoming a target for high-profile campaigns against tropical forest loss by environmentalists, global household brands that buy and use palm oil agreed in 2010 to ensure their supplies did not contribute to deforestation within a decade.
* Tereos H1 loss narrows from previous year, sales flat. * Slump in European and global prices still weighed. * Expects positive impact from rebound in EU prices. * Net debt rises sharply despite benefit from asset swap. By Sybille de La Hamaide.
France's National Assembly adopted an amendment delaying until 2026 the end of palm oil's tax advantages, a parliamentary document showed on Thursday, a move that could benefit French oil major Total. "The amendment aims to leave a sufficient transition period for French companies to prepare for the end of palm oil in biofuels", the text said.
Intercontinental Exchange Inc (ICE): * ICE FUTURES US RAISES ORANGE JUICE MARGINS BY 31.3% TO $1,260 PER CONTRACT FROM $960 FOR JAN. 2020. * SAYS RATES WILL BE EFFECTIVE FROM CLOSE OF BUSINESS ON NOV. 15, 2019.
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