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...The standout business has been Citi’s transaction services division — which houses its vast payment processing and cash management network — though revenue growth there has been slowing this year....
...“ADM wasn’t ever able to grow the nutrition business and diversify from grain merchandising as quickly as it appeared.”...
...In February, Indian media reported that the Food Corporation of India, the state agency responsible for buying and distributing grain, told its regional offices to procure bags for PMGKAY with a logo featuring...
...And beyond the DFC, Washington is providing incentives for the construction of US processing plants through the Inflation Reduction Act....
...And, once the spindly grain is knocked over, yields plunge by up to 30 per cent....
...Manufacturers, ranging from giant corporations to smaller companies in the country’s famed Mittelstand, have already been hit by rising inflation and a rapid increase in interest rates....
...After the last Dilli Chalo, or “Let’s Go to Delhi”, protest, Modi in November 2021 scrapped three laws that would have transformed farming, including by allowing private corporations to enter the market....
...Chicago-based ADM is one of a handful of companies that dominates the international trading and processing of grain and oilseeds, with operations in nearly 50 countries....
...The Urban Development Corporations. The Regional Development Agencies. The Local Enterprise Partnerships....
...Ukraine nears deal with global insurers to cover grain ships....
...But there is a huge wild card in China, which dominates in production as well as refining and processing of many of these....
...The transaction will be funded by a $7bn financing commitment provided by Sumitomo Mitsui Banking Corporation....
...The bank has been subject to US sanctions on debt and equity financing since the start of the war, but it remains part of the Swift interbank payment system to allow energy and grain trading....
...So it's about having a seed system which is able to be accessed by everybody, as opposed to being owned by a small number of corporations....
...Bimal Kothari, chair of the India Pulses and Grains Association, said pigeon pea trader in Mozambique was attempting to monopolise the export trade to India in order to drive up prices....
...They watched in the last few years as four companies gained more than 75 per cent market share for infant formula, baby foods, beef processing, pasta, cereal and soda....
...The next four crude cargoes will be supplied by the state-owned oil company the Nigerian National Petroleum Corporation (NNPC) in “two to three weeks” and ExxonMobil will supply the last of the initial six...
...Bunge’s strengths in processing and downstream plus Viterra’s in merchandising and handling creates a more integrated global company....
...St Louis-based Bunge, which generated $1.6bn in net income last year, buys and sells grains around the world, as well as owning a network of processing and storage facilities....
...“Equities along the agribusiness supply chain, including machinery, chemicals and processing, also stand to be beneficiaries,” he added....
...Nvidia has about 95 per cent of the market for graphics processing units needed for training AI models. Alphabet’s Google has more than 80 per cent of the global search engine market....
...This might be just enough to allow Ukraine resume its grain exports to the west....
...Pawell Shipping Co, the State Grain Corporation and those companies’ director Nikita Busel have been hit for their connection to the “systematic theft of Ukrainian grain”....
...Revenue in Citi’s large cash management and payment processing unit, which caters to corporations, was up just 15 per cent, less than half the 32 per cent growth in the same period last year....
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