Need to catch up on the top stories of the year in your sector? We've created a handy list of the top 10 stories in agribusiness for 2017.
Selected articles are unlocked for a limited time - look for the symbol [🔓]. Click the headlines to read the full article.
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This story from July is about UPL exploring a bid of over $4 billion for Arysta LifeScience parent company Platform Specialty Products.
"The bid would reportedly challenge a rival offer by a private equity consortium of Blackstone Group and CVC Capital Partners."
2. Syngenta/Adama to sell EEA assets to Nufarm🔓
In October, it was reported that Syngenta and Adama Agricultural Solutions entered into a binding agreement with Nufarm to sell a portfolio of their crop protection products for $490 million.
"The transaction was carried out in accordance with the commitments given to the European Commission relating to ChemChina’s acquisition of Syngenta, which was completed in June."
In August, IEG Vu announced that Prodalim Group of Israel, now with operations in several other countries, had acquired LDC’s plant in Winter Garden, Florida, subject to regulatory approval.
"This will allow it to sell and distribute its portfolio of juices, concentrates and compounds to North American clients. Prodalim will also provide storage, blending and tank loading services to LDC under a long-term agreement."
4. Poland expected to increase cherries imports
In August 2017, the volume of intakes of cherries was projected to increase by 94% and IEG Vu reported that more frozen fruit processed overseas should be shipped in Poland.
"The USDA's latest report says that Polish imports of cherries will increase primarily from traditionally suppliers like Hungary, Croatia, Serbia, and Turkey. However, due to the general supply shortages in the EU caused by last May’s frost, US and Canadian shippers can expect to send higher volumes of frozen sour cherries to Poland."
It is becoming increasingly common for delegates to head to a World Trade Organization (WTO) ministerial conference with little idea of what the outcome will be.
This is particularly the case with December's meeting in Buenos Aires (December 10-13), even though lengthy preparatory sessions in Geneva may have sorted out some issues in the final hours before delegations fly out to Argentina.
Reported by IEG Policy in early December, "Part of the problem is that they have been dealing with a smattering of apparently random topics. The preparations mean they still have only a hazy notion of which are more likely to see actual agreement, which will fall into the WTO’s default setting and which will drop out completely."
6. FSIS official confirms first shipment of Chinese chicken to U.S., advocates raise transparency concerns
In early July, a top USDA Food Safety and Inspection Service (FSIS) official confirmed that the U.S. received its first shipment of cooked Chinese chicken in late June, but no details were available about what brand it will be sold under in the U.S., and advocacy groups were questioning USDA's lack of transparency over the shipment.
"News of the first shipment of Chinese poultry to the U.S. surfaced after Tony Corbo, senior lobbyist for Food & Water Watch, found a June 27 story in the Chinese publication People’s Daily Online announcing the shipment, Corbo told Food Chemical News."
7. Analysis: The EU novel foods legislation opens door to insects
In March of this year, IEG Policy reported that about two billion people across the world include some of the estimated 2,500 species of edible insects in their diets.
"But, apart from a few exceptions, Europeans are not among the connoisseurs of this “alternative protein”. This may well be about to change as the legal vacuum in which insects have been hovering in Europe has been filled by the new EU novel foods regulation (2015/2283)."
Coming into force in 2018, Peter Rixon explained how the legislation will help companies introduce Europeans to locusts, mealworms, crickets and other delights at mealtimes.
8. Animal health's next megadeal is pending as Lilly reviews future of Elanco
Just as the shockwaves of one game-changing deal in animal health began to die down in October, Eli Lilly signalled the industry's next huge transaction could be on the horizon.
Animal Pharm reported that "The US drugmaker is reviewing strategic alternatives for Elanco, including an initial public offering (IPO), merger, sale or retention of the business. The company said it will provide an update "no later than the middle of 2018".
9. Animal Pharm Podcast #6: Who are the 50 biggest companies in animal health? 🔓
The animal health industry is an ever-changing sector with a plethora of businesses around the globe. To aid understanding of this complex sector, Animal Pharm announced a new report in October detailing the top 50 animal health companies ranked in order of sales.
"Not only is this list the most accurate league table of veterinary medicine firms, it is also the longest. The top 10 companies are well known in this industry. However, outside these big players, this report provides copious information about the smaller players."
This article includes a podcast on the topic. The aforementioned report is available here.
10. Bayer steps away from potential deal for Elanco
In November, Animal Pharm reported that Bayer's chief executive distanced the firm from any potential bid for Elanco.
"Bayer Animal Health was a candidate for a potential merger with Elanco as Eli Lilly explores several strategic avenues for its animal health business.
In an investor call following Bayer's recent third-quarter results, chief executive Werner Baumann said: "Animal health is a business that continues to grow at least in line with markets. So as we see, we don't have an issue in keeping our relative weight."
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