Homepage  Homepage     Search on site  Search on site     To write the letter  To write the letter     Site map  Site map
Agro Perspectiva
We are on: 
   

Photoblog

 


Home > News

Glencore Agriculture Limited joins ADM, Bunge, Cargill, COFCO International and LDC in industry-wide initiative to modernize global agriculture commodity trade operations

19.09.2019 16:20 "Agro Perspectiva" (Kyiv) The industry-wide initiative to modernize global agricultural commodity trade operations announced today that another major partner, Glencore Agriculture Limited, has joined the effort.

«Weve been interested in the initiative from the very early days and were excited now to join as a full partner,» said Glencore Agriculture Limited CEO David Mattiske. «The digital platform this group intends to develop will leverage the newest technologies and has the potential to revolutionize our industry, making contract execution processes more efficient, more accurate and more transparent. These advances are necessary for our industry to continue serving our critical global role efficiently and effectively, and the benefits will be felt by companies of all sizes along the post-trade value chain.»

The initiative, which now includes Glencore Agriculture Limited as well as Archer Daniels Midland Company (NYSE: ADM) («ADM»), Bunge Limited (NYSE: BG) («Bunge»), Cargill Incorporated («Cargill»), COFCO International Ltd («COFCO International») and Louis Dreyfus Company («LDC»), is initially looking at new technologies — such as blockchain and artificial intelligence — to create digital solutions to automate grain and oilseed post-trade execution processes, reducing costs needed to move agricultural and food products around the globe. The group is projecting launch of the new platform in the second half of 2020 subject to regulatory approval.

«This effort is growing, and the reason is clear: were offering clear and tangible benefits for the industry, created by the industry,» the initiative participants said in a joint statement. «Customers, partners and other industry participants appreciate both the potential that our platform offers, and the fact that we are partnering with them early in the process to ensure the entire industrys needs are met.»

Since announcing the project in October 2018, the group has held workshops and roundtable discussions with a broad range of industry stakeholders, including shippers, charterers, buyers, service providers, financial institutions, trade associations, industry standards and regulatory authorities. By collaborating on critical issues such as security and data privacy, technology choices, business model, adoption strategy, and functionalities and capabilities, the group is ensuring that the new platform will meet the needs of the entire industry.

Next steps include development and execution, focusing on a pilot that will cover international bulk shipments of soybeans from Brazil to China. The group is also finalizing the selection of technology solutions providers and partners.

About Archer Daniels Midland Company

For more than a century, the people of Archer Daniels Midland Company (NYSE: ADM) have transformed crops into products that serve the vital needs of a growing world. Today, were one of the worlds largest agricultural processors and food ingredient providers, with approximately 40,000 employees serving customers in nearly 200 countries. With a global value chain that includes approximately 450 crop procurement locations, more than 330 food and feed ingredient manufacturing facilities, 62 innovation centers and the worlds premier crop transportation network, we connect the harvest to the home, making products for food, animal feed, industrial and energy uses.

About Bunge Limited

Bunge is a world leader in sourcing, processing and supplying oilseed and grain products and ingredients. Founded in 1818, Bunges expansive network feeds and fuels a growing world, creating sustainable products and opportunities for more than 70,000 farmers and the consumers they serve across the globe. The company is headquartered in New York and has 31,000 employees worldwide who stand behind more than 360 port terminals, oilseed processing plants, grain silos, and food and ingredient production and packaging facilities around the world.

About Cargill

Cargills 160,000 employees across 70 countries work relentlessly to achieve our purpose of nourishing the world in a safe, responsible and sustainable way. Every day, we connect farmers with markets, customers with ingredients, and people and animals with the food they need to thrive. We combine 153 years of experience with new technologies and insights to serve as a trusted partner for food, agriculture, financial and industrial customers in more than 125 countries. Side-by-side, we are building a stronger, sustainable future for agriculture.

About COFCO International

With 11,000 people in 35 countries, COFCO International is the overseas agriculture business platform for COFCO Corporation, China’s largest food and agriculture company. COFCO International is focused on being a leader in the global grains, oilseeds and sugar supply chains, with assets across the Americas, Europe and Asia-Pacific. The company trades with over 50 nations, while providing farmers unique direct access to the growing Chinese market. In 2018, COFCO International handled over 100 million tonnes of related commodities with revenues of $31bn. The company is accelerating its growth to create a world-class integrated global agriculture supply chain, anchored in China and competing globally.

About Glencore Agriculture

Glencore Agriculture is a global leader in the origination, handling, processing and marketing of agricultural commodities and products. With operations in more than 35 countries and over 13,000 employees, we create value for producers at origin and customers at destination. Our strategic network of storage, processing and transport assets and infrastructure and strong relationships along the supply chain enable us to efficiently and effectively meet the needs of our customers worldwide.

About Louis Dreyfus Company

Louis Dreyfus Company is a leading merchant and processor of agricultural goods. We leverage our global reach and extensive asset network to serve customers and consumers around the world, delivering the right products to the right location, at the right time — safely, responsibly and reliably. Our activities span the entire value chain from farm to fork, across a broad range of business lines (platforms). Since 1851 our portfolio has grown to include Grains & Oilseeds, Coffee, Cotton, Juice, Rice, Sugar, Freight and Global Markets. We help feed and clothe some 500 million people every year by originating, processing and transporting approximately 80 million tons of products. Structured as a matrix organization of six geographical regions and eight platforms, Louis Dreyfus Company is active in over 100 countries and employs approximately 18 000 people globally.

Agro Perspectiva

< Harvesting campaign 2019: agrarians got 558,000 tons sugar beets All news for
19.09.2019
FAO report cites 41 countries needing external assistance for food >

17.10.2019  
23:42 Harvesting campaign 2019: agrarians got 150,000 tons millet
22:09 USDA: Ukrainian 2019 poultry meat export to total 400,000 tons
20:18 Ukrainian Oct 16 grains export 15.4 million tons
16:09 Harvesting campaign 2019: agrarians got 12.6 million tons sunseeds
13:16 FAO: Obesity rates soar due to dramatic global diet shift
11:05 Cargill to invest $225 million at facility in Sidney, Ohio
16.10.2019  
23:44 Autumn sowing campaign 2019: total winter grains sown at 5.6 million ha
20:41 Harvesting campaign 2019: agrarians got 12.6 million tons sunseeds
19:21 Harvesting campaign 2019: agrarians got 83,000 tons buckwheat
16:07 Guterres: Rural women a powerful force for global climate action
13:11 UNICEF: Alarmingly high number of children malnourished worldwide
15.10.2019  
23:57 IMF expects Ukrainian GDP 3% growth as of 2020
21:13 Ukrainian Jan-Sept butter export 15,000 tons
20:25 BASF and TELUS Ventures invest in AgTech startup Hummingbird Technologies
17:56 FAO calls to stop foods wasting to reduce global hunger
17:09 Ukrainian sugar beets crop almost 4 million tons
13:11 FAO Chief urges countries to reach hunger irradication by 2030
11.10.2019  
23:17 Harvesting campaign 2019: agrarians got 12.3 million tons sunseeds
21:28 Ukrainian Jan-Sept rapeseeds export 2.25 million tons
20:41 Ukrainian Oct 11 grains export 15 million tons
20:07 Within Kirovograd region, organic waste biogas processing complex under construction
13:55 U.S. Wheat to Maintain Competitiveness in Japan
11:13 Copenhagen C40 Summit highlights role of cities within climate crisis fight
10.10.2019  
23:41 Over EUR2 milliard invested into Ukrainian green energy
21:16 Volyn region sugar beets crop over 250,000 tons
20:32 RF Oct 3 grains export 14 million tons
17:19 Ukrainian Jan-Sept rice import 56,000 tons
13:11 FAO Chief: Feeding people and protecting our planet should go hand in hand
10:05 Agricultural industry leaders join forces to introduce closed transfer system technology for European farmers
09.10.2019  
23:47 Harvesting campaign 2019: agrarians got 10.7 million tons maize
21:51 Bayer says Oct US glyphosate trial delayed until further notice
19:07 Harvesting campaign 2019: agrarians got 10.7 million tons maize
16:14 Ukraine: Half a million veterinary documents within 5 months
13:40 FAO Director-General and WTO Director-General to strengthen constructive collaboration
11:36 FAO: Cotton sustainability is key for rural development
08.10.2019  
23:07 Belarus agrarians harvested 7 million tons grains
20:16 Ukrainian sugar beets crop over 3 million tons
19:32 Ukrainian this year autumn fieldwork complex cost estimated UAH138.3 milliard
16:36 Harvesting campaign 2019: agrarians got 11.5 million tons sunseeds
13:11 Turning waste into wealth: World Habitat Day
12:20 FAO Food Price Index holds steady
11:30 Ukraine reduced sugar exports by 27% in 2018/2019 MY
11:20 Cotton sustainability is key for rural development
10:20 Cabinet and NBU sign memo of cooperation to achieve sustainable economic growth, price stability
09:30 Cargill reports fiscal 2020 first-quarter results
09:10 Ukrzaliznytsia more than doubles profit in H1, 2019
09:05 The forecast for 2019 global cereal production lowered while stocks raised
07.10.2019  
22:36 Winter rapeseeds (2020 crop) sown at over 1 million ha
20:14 Harvesting campaign 2019: agrarians got over 49 million tons grains
17:03 UN experts recommend toxic chemicals elimination

Also available: 

Agrarian Week in digital



READ ON-LINE




NewsNews - News - News - News - News - News
BriefWeekly Reports - Free article
SubscriptionTariff - News&Reports
AdvertisingMagazine - Site
ConferencesForum AGRO-2013 - DAIRY WORLD-2008 - FERTILIZERS-2010
Exhibitions
For our clientsAgroNewsDaily - Ukrainian Grain&Oilseed Market - Fertilizers - Milk Monthly - Milk Weekly
About usAbout project - Contact
     Lenty.Ru   +
2002 -2019 © Agrarika, ltd.
tel.: +38 (044) 486-9171, 486-8119
fax: +38 (044) 486-8830, 494-4889
e-mail: info@agroperspectiva.com