Market News

Recent Developments

In September 2022, Corteva is a major American agricultural chemical and seed company, acquired Symborg, a pioneer in microbiological technology with headquarters in Murcia, Spain. The well-known biologicals firm Symborg has a growing biocontrol pipeline, skilled personnel with in-depth scientific understanding, and skills in demand generation. A sizable current portfolio is another asset for Symborg.
In February 2022, Wilmar is a Singaporean food processing and investment holding company, purchased the remaining 50% equity stake in Wilmar Chocolate Pte. Ltd., held by Kwan Hoi Chee Deborah Connie, Richard Lee Keng Chian and Foodlever. The 50% equity investment purchased represented a net asset value of US$ 1,281,581.
In January 2022, Bunge is a food company, acquired a 33% stake in Sinagro to support its grain orientation strategy in Brazil. With a considerable presence in the Cerrado savanna of Brazil, Sinagro is a key distributor of grains and agricultural products. In terms of sourcing, processing and supplying oilseed and grain goods and ingredients, Bunge is a global leader.
On 7 March 2023, ADM food, pet, animal nutrition company, announced the launch of the Knwble Grwn™ brand to provide consumers wholesome, plant-based food ingredients that are sustainably sourced. Knwble Grwn products are produced by small or underrepresented farmers using regenerative agricultural practices that help to protect the environment. The new brand complements ADM’s other sustainability initiatives.