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HomePosts Tagged "Bunge"
Agribusiness, Agrotech, Company News, Poultry, Thailand

Three additional ships carrying an additional 180,000 metric tons of soybean meal are expected for shipment by July 2024.

Bunge, a leading agribusiness and food company, and Bangkok Produce Merchandising Public Company Limited (BKP), a subsidiary of Charoen Pokphand Foods Public Company Limited (CPF or CP Foods), a world leader in food, jointly tested a traceability platform using blockchain technology for sustainable soy. To date, three shipments totalling 185,000 metric tons of deforestation-free soybean meal have been loaded in Brazil and are headed to Thailand, allowing CP Foods to trace the soybeans from farm origin, processing, and transportation, to delivery at and destination. Three additional ships carrying an additional 180,000 metric tons of soybean meal are expected for shipment by July 2024.

These products comply with Bunge’s and BKP’s socio-environmental supplier verification protocols and have been grown in high-priority regions with zero deforestation since 2020, aligning with the cutoff date determined in the sourcing standard developed by CP Foods. In addition to compliance with different socio-environmental criteria, the platform also offers customers access to information including the carbon footprint of the volumes sold and whether the farm has adopted regenerative agricultural practices.

Paisarn Kruawongvanich, Chief Executive Officer of Bangkok Produce Merchandising stated that the company is working to connect blockchain-based traceability solutions with suppliers, partners, and farmers worldwide, ensuring transparency across its supply chain. “In the initial stages of our partnership with Bunge, we have shipped the first vessels of soybean meal verified deforestation-free, fully traceable from farms to their destination in Thailand for CP Foods. This marks a significant milestone for Charoen Pokphand Foods to achieve 100% deforestation-free supply chains by 2025,” added Kruawongvanich.

“Adding a layer of blockchain technology improves the transparency in end-to-end traceability that Bunge has been doing for some years.  This ability to increase end-consumer confidence in soy projects is only possible thanks to the robust supplier’s socio-environmental verification and monitoring system that we have structured over the last decade, which uniquely positions us to provide the connection of proven sustainable products with markets where the demand for them is increasing,” says Rossano de Angelis Jr., Bunge’s Vice President of Agribusiness in South America.

The two companies have been collaborating since October 2023, when they announced a partnership to develop technical, commercial and operational feasibility studies for a blockchain traceability solution to build a sustainable and digitally integrated supply chain. The agreement involves oilseeds and their by-products sourced by Bunge in Brazil destined for several Asian countries, where BKP and CP Foods produce and sell feed and food.

The ongoing tests aim to automate the connection between Bunge and BKP’s supplier management and socio-environmental monitoring systems with a digital platform. This enables the customer to monitor and receive product traceability data, in addition to accessing socio-environmental information from the sourced farms. The blockchain technology ensures an additional layer of reliability, as it makes data immutable once it enters the platform.

For Bunge’s Distribution Director in Asia, Mohit Purbey, the deep and trusting relationship Bunge has built with CP Foods over the years was key to the project. “It is also an example of how Bunge can create tailored solutions to help our customers fulfill their own sustainability commitments,” he adds.

Three additional ships carrying an additional 180,000

Company News, Oilseeds, World

The partnership aligns with the Agriculture Sector Roadmap to 1.5 degrees convened by the Tropical Forest Alliance, designed to halt commodity-linked deforestation in line with the 1.5 degrees pathway

Bunge and Musim Mas Group announced a collaboration to promote the use of sustainable practices among smallholder farmers in Sambas, West Kalimantan, Indonesia.  

The collaboration, co-funded by Bunge and Musim Mas through 2025, aims to train more than 1,000 independent smallholders in the sustainable production of palm oil. 

The partnership aligns with the Agriculture Sector Roadmap to 1.5 degrees convened by the Tropical Forest Alliance, designed to halt commodity-linked deforestation in line with the 1.5 degrees pathway while enhancing the livelihoods of smallholder farmers and supporting the sector’s transformation toward forest-positive land-use management. 

“Bunge strives to be the preferred sustainable solutions partner for producers and customers,” said Ben Vreeburg, Bunge’s Senior Director of Sustainability.  “We believe that together with our customers, we can build sustainable supply chains by sharing our know-how and experiences to support the smallholder farmers, -promoting the productivity, profitability, and sustainability of their business. By adopting sustainable farming practices, smallholders can increase their yields and reduce their dependence on expanding into the forest areas.”

The partnership aligns with the Agriculture Sector Roadmap

Agrotech, Company News, Live Stock, Poultry, Sustainability, World

The agreement involves grain sourced by Bunge in Brazil and destined for several countries in Asia, where BKP and CPF produce and sell feed and food.

Bunge, one of the world’s leading agribusiness and food companies, and Bangkok Produce Merchandising Public Company Limited (BKP), a subsidiary company of Charoen Pokphand Foods Public Company Limited (CPF), a world leader in food, have signed a memorandum of understanding to collaborate on developing a blockchain solution for the traceability of soy and deforestation-free products. The agreement involves grain sourced by Bunge in Brazil and destined for several countries in Asia, where BKP and CPF produce and sell feed and food.

This partnership will enable both companies to carry out technical, commercial and operational feasibility studies to build a sustainable supply chain and integrate digitization. The agreement aims to transform traceability data from the field to final customers.

Paisarn Kruawongvanich, Chief Executive Officer of BKP, said blockchain technology will improve traceability of the Agro-industry and company’s food supply chain, providing transparency and ensuring product quality and safety for customers. The agreement with global business partners aligns with BKP’s commitment to achieving a net zero supply chain in 2050.

“Tracing raw materials around the globe, including soy, back to the source is key to ensuring both directly and indirectly sourced raw material do not come from encroachment areas or areas of deforestation,” Kruawongvanich added.

“Bunge strives to be the preferred sustainable solutions partner for producers and customers. The partnership with BKP reflects our business vision that leverages technology as an important tool. Over the past few years, we have built a robust social and environmental verification system that includes advanced traceability and monitoring of our suppliers. We believe that, together with our customers, we will build sustainable supply chains with an additional layer of reliability guaranteed by blockchain,” explains Rossano de Angelis Jr., Bunge’s Vice President of Agribusiness for South America.

Monitoring currently carried out by Bunge covers more than 16,000 farms, or up to 20 million hectares in South America, and relies on state-of-the-art satellite technology, capable of identifying changes in land use and soybean planting on each monitored property. In Brazil, Bunge currently monitors all of its direct supply chain in areas subject to deforestation and is moving toward fully covering the indirect supply chain by 2025. More than 97% of the volume of soy purchased by Bunge is verified free from deforestation and conversion, progressing the company closer to its deforestation-free value chain goal.

By involving two global companies, the scale of the initiative has the potential to raise standards of transparency in the Brazilian soy value chain and increase the confidence of end consumers in soy-derived products around the world.

Through the memorandum, both companies also commit to discussing the possibility of future collaboration on other services, such as exploring opportunities for further integration among systems, with a focus on enabling real-time data transfer, measuring the carbon footprint of the volumes traded with BKP, and improving the digital traceability solution to be compatible with sustainability certification standards, such as the Round Table on Responsible Soy (RTRS), and the International Sustainability & Carbon Certification (ISCC).

The agreement involves grain sourced by Bunge

Allied Industry, Company News, North America, Trade

This transaction will provide Bunge with a scalable, complementary port-based footprint capable of connecting North American food, feed and fuel customers to global markets

Bunge, a global leader in agribusiness, food and ingredients, through its Bunge Loders Croklaan JV with IOI Corporation Berhad, has entered into a definitive asset purchase agreement with Fuji Oil New Orleans, LLC (Fuji Oil) to acquire its newly constructed, port-based refinery located in IMTT’s (International-Matex Tank Terminals) Avondale Terminal, Louisiana. The state-of-the-art facility has multi-oil refining capabilities and will enable Bunge to expand its existing customer base. The completion of the transaction is subject to customary closing conditions. 
 
This transaction will provide Bunge with a scalable, complementary port-based footprint capable of connecting North American food, feed and fuel customers to global markets. Bunge expects to serve customers with the newly acquired capacity starting in the second quarter of 2023. 

“This acquisition delivers on our long-term strategy to expand our value-added oils business by accelerating reach across North America. This facility will connect with our existing footprint and enable Bunge to better serve our customers,” commented Aaron Buettner, Bunge’s President, of Food Solutions.

Bunge plans to significantly expand the facility’s current capacity, creating new job opportunities for the local community. “We are excited for the opportunity to continue to expand and grow, working alongside great local partners such as IMTT, with whom Bunge has had an 80-year partnership with storing and shipping vegetable oils in the Gulf,” said Brett Caplice, Bunge’s VP of Refined and Specialty Oils in North America.

This transaction will provide Bunge with a

Acquaculture, Agri Genomics, Agrotech, Foodgrains, India, Live Stock, Poultry, R&D

The companies have a multi-year collaboration to develop and commercialise soybean varieties that can create a potential new value stream opportunity for soybean farmers

Corteva Agriscience and Bunge announced significant advancements in the development of more nutritious soybean meals for the animal feed industry, specifically suited for poultry, swine and aqua feed. The companies have a multi-year collaboration to develop and commercialise soybean varieties that can create a potential new value stream opportunity for soybean farmers while giving feed compounders a new option to reduce their use of synthetic additives, lower costs, and shrink their carbon footprint.

Through this collaboration, Corteva is leveraging its expertise in germplasm, gene editing, and traits discovery to develop soybean varieties with greater protein content, optimised amino acid profiles, and lower levels of anti-nutritional factors. Early field trial research has confirmed Corteva’s approach to boosting protein levels and significantly increasing the proportion of the key amino acids methionine and lysine in the soybean while maintaining the high field and oil yields. 

“The future of food production hinges on developing new tools and technology to help farmers sustainably meet their production goals,” said Dr Tom Greene, VP, of Biotechnology, Corteva Agriscience. “Our collaboration with Bunge aligns with our commitment to sustainable innovation while supporting improved animal performance and greater value opportunities for livestock and row crop farmers. Our next step is to bring the higher-protein, enhanced-amino acid profile into a commercial soybean variety that offers the best value for soybean farmers.” 

Bunge will be the exclusive processor of the oilseed as well as an exclusive merchandiser of the high-value meal and oil, leveraging its deep farmer relationships and existing facilities to source the oilseed and deliver incremental value to farmers, feed compounders and animal protein producers.

Globally, sales of synthetic methionine and lysine for feed applications exceed $10 billion annually, and the market is expected to grow with underlying animal protein demand. 

“As a global leader in oilseed processing, we are uniquely positioned to leverage upstream and downstream partnerships with leading and innovative industry players to unlock value for our farmers and customers. We are very pleased by the early results of this collaboration with Corteva,” said Kaleb Belzer, VP of Protein Ingredients at Bunge. “Naturally over-expressing methionine and lysine will make soybean meal an even better ingredient for our feed customers, enabling them to significantly reduce or even eliminate the use of expensive synthetic additives and to cut the carbon emissions associated with those supply chains, which is multiples larger than that of soybean meal.” 

The companies have a multi-year collaboration to

Company News, Europe, Finance

This investment will not only expand UPL’s market access in Brazil but also strengthen its product portfolio as SEEDCORP|HO

UPL Ltd, a global provider of sustainable agricultural solutions, announced that its company, Advanta Seeds UK, and Bunge have signed an agreement to acquire a 20 per cent stake each in SEEDCORP|HO.

This intended investment is part of UPL Group’s OpenAg® purpose to drive collaboration to offer a complete package of solutions for farmers. It also underscores the company’s commitment to supporting every stage of the agricultural process, from sowing to post-harvest. Through the agreement, Bunge intends to expand its barter portfolio to reinforce its grain sourcing position in Brazil.

Bhupen Dubey, CEO of Advanta Seeds said: “As we continue to grow our global footprint, this investment will not only expand our market access in Brazil but also strengthen our product portfolio as SEEDCORP|HO is Brazil’s third largest Soyabean Germplasm company”.

Rossano de Angelis Jr, Vice President of Agribusiness at Bunge, said: “With this transaction we will further solidify the relationship with our partners during harvest planning. Combined with our technical expertise and market knowledge, we will be able to advise on the adoption of seed varieties that best meet demand, including meeting the demand for more sustainable solutions with a focus on reducing the carbon footprint of the entire growing process.”

The deal also expands the portfolio of products and services to be offered by Orígeo, a recently announced joint venture between Bunge and UPL, which will provide complete and sustainable solutions for farmers in Brazil.

Mário Sérgio Carvalho, CEO of SEEDCORP|HO, said: “SEEDCORP|HO has achieved strong results over the last few years, and the partnership with Bunge and UPL’s Advanta Seeds has the potential to further strengthen our growth strategy thanks to our robust portfolio and R&D capacity for seed production.” 

SEEDCORP|HO was established in partnership between GDM, Produtiva Sementes, and Sipar.  The agreement with Advanta Seeds and Bunge is subject to customary precedent conditions agreed by the parties, including approval from competent Antitrust Agencies.

This investment will not only expand UPL’s

Company News, Sustainability

UPL and Bunge will establish Orígeo, a new company providing end-to-end solutions to farmers in Brazil’s MAPITOBAPA macro-region

UPL Limited, a global provider of sustainable agricultural solutions and Bunge, a global leader in agribusiness, have announced a new partnership to increase productivity, profitability and sustainability for farmers in Brazil.

UPL and Bunge will establish Orígeo, a new company providing end-to-end solutions to farmers in Brazil’s MAPITOBAPA macro-region, drawing on its highly qualified technical team’s understandings of each producer’s needs from crop planning to harvest. Orígeo will combine Bunge’s expertise in financing, trading, and logistics matched with UPL’s comprehensive sustainable agricultural inputs, solutions, and services portfolio.

Orígeo’s offering will include seed, pesticide, biosolutions and fertiliser inputs; crop-planning assistance; agronomical advice; consulting on sustainability and regenerative and low carbon agriculture certification; agricultural financing solutions; and harvest marketing and logistics services. The company will also offer farmers digital agriculture services, including real-time information, recommendations and alerts using satellite-collected field data to improve decision-making and business efficiency.

Rossano de Angelis Junior, Bunge VP of Agribusiness in Brazil, stated, “Orígeo will work closely with the farmer, mapping needs, bringing solutions, and addressing business challenges. We want to simplify processes and make operations even more efficient so that farmers have more time to focus on what they do best – produce more and sustainably.”


UPL and Bunge will establish Orígeo, a

Finance, Seeds

UPL’s agreement with Sinagro will strengthen grain orientation strategy in Brazil

UPL and other shareholders in Sinagro Produtos Agropecuarios, Brazil, have announced an agreement in which Bunge will acquire a 33 per cent stake in Sinagro to strengthen its grain orientation strategy in Brazil.

Sinagro is a major reseller of grains and agricultural products with a significant presence in Brazil’s ‘Cerrado’ savanna region. Bunge is one of the world leaders in sourcing, processing, and supplying oilseed and grain products and ingredients. The deal announced today is subject to approval by Brazil’s antitrust body, Conselho Administrativo de Defesa Econômica (‘CADE’).

Sinagro was one of the first signatory companies to join Bunge’s “Sustainable Partnership” a groundbreaking initiative, launched in 2021, whereby Bunge helps grain resellers set up socio-environmental assessment systems for suppliers – including satellite monitoring – at the farm level. Program participants can adopt independent geospatial imaging services or use Bunge’s structure at no cost.

UPL's agreement with Sinagro will strengthen grain