Chilean foodservice and retail seafood company Camanchaca has completed a negotiation for restructuring its debt, signing an agreement with seven financial institutions for a total of USD 234 million (EUR 178.7 million).
After Norwegian seafood farmer Cermaq publicly stated it would reject an offer by rival Marine Harvest to buy it out, Marine Harvest has adjusted its offer in hopes of convincing the shareholders to sell.
According to the Ministry of Agriculture and Rural Development and the Ministry of Industry and Trade, sugar inventory increased to nearly 600,000 tons by May end, about 222,410 tons higher than in the same period last year.
China, the world’s biggest food and grocery market, is now valued at more than US$1tn and is forecast to be worth US$1.5tn in 2016, according to latest figures published by market researcher IGD.
Archer Daniels Midland Company (ADM) has opened a new Portland terminal used to transfer liquid and dry bulk sweetener products from railcars to trucks for delivery to food customers throughout the Northwest U.S.
