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April 14, 2005

BRAZIL: ADM closes soy crushing plant, blames low margins

US agribusiness giant Archer Daniels Midland has announced that it is to discontinue operations indefinitely at its soybean crushing and refining operation in Tres Passos, Rio Grande do Sul, Brazil, with immediate effect.

US agribusiness giant Archer Daniels Midland has announced that it is to discontinue operations indefinitely at its soybean crushing and refining operation in Tres Passos, Rio Grande do Sul, Brazil, with immediate effect.

“The plant closure is due to poor crushing margins,” ADM said.

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