The Brazilian government's proposal to increase ethanol blending in gasoline to 30% from 27% currently would lead to using an additional 3.5% of the country's recoverable sugar to make ethanol, a study by Citi Research showed.
U.S. antitrust regulators published guidelines on Wednesday on the kinds of mergers and acquisitions they object to, reaffirming the skepticism with which President Joe Biden's administration has approached many deals, especially in the technology sector.
U.S. wheat futures soared on Wednesday, with the most-active Chicago Board of Trade soft red winter wheat contract briefly hitting its daily trading limit, as escalations in the Russia-Ukraine war threatened to slow grain export shipments, traders said.
Bluebell Capital has taken a stake in French luxury group Kering and is pushing for change, including looking at a tie-up with Cartier-owner Richemont, two sources close to the matter told Reuters on Wednesday.
American Airlines and its pilot union have begun negotiations to improve the tentative contact agreement after the company's CEO spoke with the union's chief on Tuesday, according to a union memo seen by Reuters.
Japan will soon lift bird flu-related restrictions on poultry trade imposed on two Brazilian states after cases were detected in backyard animals, Brazilian Agriculture Minister Carlos Favaro said during a televised interview on Wednesday.
Canada's Transport Minister Omar Alghabra on Wednesday said he was running out of patience with striking Pacific dock workers when asked if the government would pass back-to-work legislation, a politically tricky move that requires opposition support.
Brazilian Agriculture
Minster Carlos Favaro said during a televised interview that
Japan will soon lift bird flu-related restrictions on poultry
trade imposed on two Brazilian states after cases were detected
in backyard animals.
Brazilian wheat farmers are expected to produce 3% more of the grain than in the previous season, StoneX said on Wednesday, citing good yields and planting over larger areas as key factors.
Indian milk processing firm Hatsun Agro Product said on Wednesday its quarterly profit surged 54% as a rise in input costs was offset by higher milk prices on the back of strong demand.
New York cocoa futures on ICE were hovering just below the previous session's 12-year peak on Wednesday, with crop concerns partially offset by signs the recent run-up in prices could curb demand.
Brazil's Cooxupe, the world's largest coffee co-operative and the country's biggest coffee exporter, said on Wednesday the 2023 harvest in the areas where it operates has reached 50.5% of the fields by July 14.
A crackdown by Cameroon on the sale of cocoa beans to unlicensed buyers from Nigeria has left farmers in two border regions with tonnes of beans piling up in warehouses ahead of the start of the main harvest in October, a producers' union and farmers told Reuters.
Aluminum Corporation of China said chairman Liu Jianping has resigned due to a change in job role, according to an annoucement published on the Shanghai Stock Exchange's website.
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