USA: Cargill reports earnings drop 7% in Q4 2011

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Cargill, international producer and marketer of food, agricultural, financial and industrial products and services, on Tuesday reported $404 million in earnings from continuing operations in the fiscal 2011 fourth quarter ended May 31, a 7 percent decrease from $435 million in the same period a year ago. For the full fiscal year, earnings from continuing operations totaled $2.69 billion, a 35 percent increase from $1.99 billion in the prior fiscal year. (more…)

GermanMalt becomes part of GrainCorp Malt

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Subject to approval by merger control GermanMalt GmbH & Co. KG, Osthofen, will become part of the international GrainCorp Group. The shareholders of Schill-Malz GmbH & Co. KG, Osthofen, and C. Thywissen GmbH, Neuss, have agreed last Friday to sell their shares including their participation in Rhein-Ruhr-Malz GmbH & Co. KG and Th?ringer Malz GmbH. (more…)

Russia. Barley and malt

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Malt: still at the bottom Records of Federal Service of State Statistics show that in 2010 malt production decreased by 4% and comprised 1 011 thousand tons. Despite the decrease, this trend could be considered positive for malt manufacturers, as it denotes stabilization after a prolonged setback in production which was persisting since 2007. Taking into consideration poor harvest which resulted in malting barley deficiency and, at the same time, a perceptible increase in tradable malt output in autumn 2010, it is possible to suggest that there developed a balance between supply and demand. In 2010 beer production decreased to the extent, comparable with malt output, by 5%, but its slight growth is expected in 2011. At the time of writing, beer production was already showing signs of recovery, although the dynamics of the first quarter does not yet indicate any trends. The fact is that from September to December 2009 brewing enterprises required additional volume of malt, and at the beginning of 2010, due to the drop in production and negative expectations, large volume of malt was not necessary any more. It is obvious that this slight movement was connected with the fact that distributors stocked up on additional beer…