ADM, Cargill to launch soybean joint venture in Egypt

(Reuters) – Grain traders Archer Daniels Midland Co and Cargill [CARG.UL] on Monday announced a joint venture that will supply soybean meal and oil for customers in Egypt.

The venture, to be launched in mid-2018, will operate a soy crush facility in Borg Al-Arab in Northern Egypt.

Cargill is expanding the facility to a daily crush capacity of 6,000 metric tons from 3,000, the companies said.

Reporting by Anirban Paul in Bengaluru; Editing by Sai Sachin Ravikumar

Learn More about forex signals providers

What do you think?

0 points
Upvote Downvote

Total votes: 0

Upvotes: 0

Upvotes percentage: 0.000000%

Downvotes: 0

Downvotes percentage: 0.000000%

BRIEF-Venzee Reviewing Token-Based Capital Possibilities

Qualcomm proposes further price talks with Broadcom