Archer Daniels Midland - food industry company news 
UK: Princes invests in olive oil facility expansion
23 May 2013
UK canned tuna producer Princes is to invest GBP6.4m (US$9.7m) in the expansion of its olive oil facility in Liverpool.
US/AUS: ADM to press ahead with GrainCorp takeover
2 May 2013
Archer Daniels Midland is set to table an offer for GrainCorp after completing an agreed period of due diligence on the Australian grain trader.
US: ADM profit falls on higher costs
2 May 2013
Archer Daniels Midland has booked a drop in first-quarter profits as higher costs hit the bottom line.
AUS: GrainCorp backs sweetened ADM takeover bid
26 April 2013
The board of Australian grain trader GrainCorp has backed an improved takeover bid from US agri-giant Archer Daniels Midland, which values the company at around A$2.6bn (US$2.7bn)
MEXICO: Gruma shows "significant" Q1 improvement
25 April 2013
Mexican food group Gruma said it started to show "significant improvements" in the first quarter as earnings climbed.
INDONESIA: Wilmar, Noble form palm oil joint venture
22 February 2013
Singapore agribusiness giant Wilmar International has formed a joint venture with global agri peer Noble Group to produce palm oil and its by-products in Indonesia.
US: ADM H1 net earnings jump on lower costs
6 February 2013
Agri-giant Archer Daniels Midland has booked a jump in first-half net earnings, as lower one-off costs and higher sales boosted the bottom line.
SWITZ: Glencore International completes Viterra buy
19 December 2012
Commodity trader Glencore has said it wants to be a "true leader" in global grain trading after completing its acquisition of Viterra in a deal worth US$6bn.
MEXICO/US: Gruma buys back shares from ADM
17 December 2012
US agribusiness Archer Daniels Midland has sold its stake in Gruma back to the Mexican group.
AUS/US: GrainCorp turns down latest ADM takeover bid
13 December 2012
Australian agribusiness giant GrainCorp has rejected Archer Daniels Midland's latest takeover bid for the company.
GLOBAL: Nestle puts faith in co-operation with suppliers on CSR
4 December 2012
Working with suppliers, rather than withdrawing contracts, is more effective in making food supply chains more sustainable, Nestle has claimed.
US: ADM ups takeover bid for GrainCorp
3 December 2012
Archer Daniels Midland has increased its takeover for Australian rival GrainCorp, which has so far rejected the US agribusiness giant's interest.
Comment: Child labour hangs over chocolate sector's CSR programmes
20 November 2012
Cadbury owner Mondelez International has pledged US$400m to try to improve the lives of cocoa farmers and, crucially, help shore up future supplies of the commodity. The investment is the latest by a number of suppliers and, while their work should be welcomed, the use of child labour in cocoa farming remains a tough nut to crack.
US/AUS: ADM stands by GrainCorp bid
16 November 2012
Archer Daniels Midland has insisted its takeover bid for GrainCorp is "attractive" after the Australian agribusiness insisted it under-valued the company.
US: ADM taking action on anti-corruption probe
7 November 2012
US grain trader Archer Daniels Midland is investigating whether employees have broken anti-corruption laws.
US: Tight corn supplies hit ADM Q1
30 October 2012
Archer Daniels Midland saw its profits slide in the first quarter of its financial year as the US drought hit corn supplies.
Quote, unquote: just-food's week in words
29 October 2012
This week, just-food attended the SIAL food and drink exhibition in Paris where the team caught up food manufacturers including Genius Foods, Dare Foods, The Irish Dairy Board, as well as the Irish Prime Minister. Outside of Paris, the UK government revealed plans to adopt a hybrid approach to front-of-pack (FOP) nutritional labelling.
On the money: Bunge expects consolidation in grain
26 October 2012
US agribusiness giant Bunge expects to be an active player in a process of consolidation in grain markets after recent volatility and crop failures in the sector.
MEXICO/US: ADM receives bid for Gruma stake
26 October 2012
Archer Daniels Midland has received an offer for its 23% stake in tortilla maker Gruma.
AUS: ADM offers A$2.76bn for GrainCorp
22 October 2012
Archer Daniels Midland Company has tabled an offer to acquire GrainCorp that values the Australian agricultural group at A$2.76bn (US$2.85bn).
EUROPE: ADM, Wilmar form veg oils, fats JV
21 October 2012
Agribusiness giants Archer Daniels Midland and Wilmar International have set up a venture to sell and market vegetable fats and oils in Europe.
AUS: ADM moves for talks on GrainCorp buyout
19 October 2012
Agricultural giant Archer Daniels Midland has taken a 10% stake in Australian grain trader GrainCorp and approached the company to open "discussions over a potential transaction".
US: ADM, Cargill retaliate in corn syrup marketing scrap
7 September 2012
Leading producers of high fructose corn syrup, including Archer Daniels Midland and Cargill, have launched legal action against the Sugar Association over false marketing claims.
US: ADM, Cargill to answer "false" corn syrup advertising claims
7 August 2012
A US court has ruled agribusiness giants Archer Daniels Midland and Cargill must answer allegations of false advertising for high fructose corn syrup (HFCS).
Quote, unquote: just-food's week in words
6 August 2012
Much of the talk for manufacturers on the release of their first-half and second-quarter results last week was focused on weakness in Europe and the knock-on effect from the impact of the US drought on corn prices. Elsewhere, Haribo said it would not appeal a decision by Germany's competition watchdog over a fine for sharing sales information with rivals, and the CEO of Fresh Del Monte insisted the company is looking at building a business that focuses not just on produce and not just on the developed markets of the West.
Editor's choice: the highlights on just-food last week
6 August 2012
Concerns over commodity costs, particularly corn, continued last week, with the US meat sector calling for government help. Meanwhile, the first-half results continued to roll in, with Kellogg claiming it is making good progress in Europe after a challenging few months. Elsewhere, we looked at Fresh Del Monte's plans to diversify its operations and published our latest briefing on how manufacturers and retailers are using social media.
UK: Corn price hike prompts ADM Milling to up flour price
2 August 2012
Poor UK weather and record corn prices resulting from a severe drought in the US has prompted ADM Milling to increase the price of its flour.
On the money: ADM looks to international investment as corn prices spike
1 August 2012
Commodities giant Archer Daniels Midland has said it is continuing to increase its investment outside the US in light of the country's drought pushing corn prices up
US: ADM profits slide
31 July 2012
Commodities giant Archer Daniels Midland has booked a drop in full-year profits as record corn prices hit earnings in the fourth quarter.
US: Arle Capital chair Buckley to join PepsiCo board
23 July 2012
The chairman of private-equity firm Arle Capital Sir George Buckley is to join PepsiCo's board of directors.
