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GMO concerns stop Brazil chicken rearers buying American corn

  Bloomberg For Brazil’s enormous chicken industry, facing a surprise domestic shortage of corn with which to feed its birds, the solution seemed obvious: import the grain from the U.S., where stockpiles have never been bigger. Yet there have been no imports from the U.S. so far this year, even though the corn shortfall is so severe that the chicken ...

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Glencore sells agri stake to Canadian fund for $625mn

  Bloomberg Glencore Plc agreed to sell just-under a 10 percent stake in its agriculture unit to Canada’s British Columbia Investment Management Corp. for $624.9 million in cash as it continues to cut debt. The commodities trader and miner, which sold a 40 percent stake in the business to Canada Pension Plan Investment Board for $2.5 billion in April, will ...

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THE WHEEL DEALS!

  RITIKA SHARMA / Emirates Business His eyes gleam with excitement as he walks towards the newest BMWs and Rolls Royce cars in the showroom. As he goes on explaining about the engineering and impressive design of one of the most expensive vehicle brands in the auto industry, Arno Husselmann, General Manager of Abu Dhabi Motors, the biggest BMW and ...

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