Grain traders merger touted

Leading US grain merchants Archer Daniels Midland CO (ADM) has proposed a takeover of Bunge Ltd according to the Wall Street Journal.

Bunge based in New York operates in more than 40 countries and is Brazils largest exporter of agricultural products and ADM, based in Chicago claims customers in over 160 countries.

Over recent years pressure has increased on large grain traders due to global oversupply and consolidation could be seen as an answer. Last year Glencore attempted a merger with Bunge and this news could reignite its interest. Neither Bunge or ADM would speculate on the news reported in the Wall Street Journal.

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About The Author

Deputy editor of Agronomist and Arable Farmer as well as responsibility for the Agronomist and Arable Farmer and Farm Business websites. After 17 years milking cows on the family farm John started writing about agriculture in 1998 and has since written for a variety of publications and has developed a wide circle of contacts within the industry. When not working John is a season ticket holder at Stoke City and also of late has become a fitness freak, listing cycling, swimming and walking as his exercises of choice.