Some union represented workers at Archer-Daniels-Midland
Co's (ADM) large grain and oilseed processing facility in Decatur, Illinois, walked off the job late on Thursday as contract negotiations with the agribusiness company stalled, Teamsters Local 916 said in a statement issued on Friday.
Union-represented workers at Archer-Daniels-Midland Co's (ADM) large grain and oilseed processing facility in Decatur, Illinois, walked off the job late on Thursday as contract negotiations with the agribusiness company stalled, Teamsters Local 916 said in a statement issued on Friday.
U.S. customs authorities on Friday lifted a two-year import ban on palm oil products made by Malaysia's Sime Darby Plantation, after determining the goods were no longer produced with forced labour.
World food prices fell in January for a 10th consecutive month, and are now down some 18% from a record high hit last March following Russia's invasion of Ukraine, the United Nations food agency said on Friday. The Food and Agriculture Organization's price index, which tracks the most globally traded food commodities, averaged 131.2 points last month against 132.2 for December.
U.S. customs authorities on Friday lifted a two-year import ban on palm oil products made by Malaysia's Sime Darby Plantation, after determining the goods were no longer produced with forced labour.
U.S. customs authorities on Friday lifted a two-year import ban on palm oil products made by Malaysia's Sime Darby Plantation, after determining the goods were no longer produced with forced labour.
Ivory Coast's cocoa regulator on Thursday started distributing electronic cards to cocoa farmers to help track beans from plantations to their export ports and ensure the growers are paid a guaranteed price for their produce. The countrywide exercise is part of a response to plans by the European Union to ban imports of commodities and products linked to deforestation and rights abuses by 2024.
Global commodities trader Cargill Inc closed its grain elevator in Portage, Indiana, on Tuesday, according to the company's web site. The elevator, which handled soybeans, corn and wheat, borders Lake Michigan and has a storage capacity of 7.2 million bushels, according to the Grain and Feed Association of Indiana.
U.S. soybean futures fell about 1% on Wednesday as traders focused on the expanding harvest of a likely record-large soy crop in Brazil and positioned for the Federal Reserve's decision on interest rates, analysts said. Wheat futures ended mixed, with the most-active March contract down on profit-taking, while corn prices turned higher late in the session.
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