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News Breaks
March 11, 2013
07:47 EDTPEIX, ANDE, STKL, GPRE, BG, REX, BIOF, ADMBrazil planning steep tax cut on ethanol, FT says
Brazilian authorities are preparing to reduce the tax burden on ethanol by nearly 80% in one of the biggest moves yet by the government to support ethanol producers, according to Financial Times, citing the vice-president of Raizen, Brazilís largest seller of sugar and ethanol. Reference Link
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August 28, 2015
05:53 EDTBGBunge Brasil to acquire Moinho Pacifico, terms not disclosed
Bunge Brasil, wholly owned subsidiary of Bunge Limited, announced that it has signed a purchase agreement to acquire Moinho Pacifico, located in Santos, Brazil. The transaction is subject to approval by regulatory authorities. With this acquisition, Bunge keeps the focus on its growth strategy in the supply of wheat flour and premixes for bread making industry. Terms of the deal have not been disclosed.
August 27, 2015
16:18 EDTSTKLTourbillon Capital reports 7.6% passive stake in SunOpta
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07:08 EDTREXREX American Resources reports Q2 EPS $2.16, two estimates $1.43
Reports Q2 revenue $113.5M, two estimates $123.82M. REX's Executive Chairman of the Board, Stuart Rose, commented, "The second quarter operating environment improved from earlier in the year, yet remained challenging as we continued to experience lower production margins compared to last year. REX again leveraged the strategic location of our plants and our overall business model to continue to generate profitable operating results."
August 26, 2015
07:33 EDTSTKLSunOpta invests in stand-up pouch packaging technologies
SunOpta has continued its investment in its consumer products business with the expansion of stand-up pouch packaging capabilities in its frozen fruit, roasted snacks and fruit snack platforms. To meet growing customer demand, SunOpta has added new stand-up pouch packaging capabilities at its Buena Park, CA frozen fruit operation, and in its Wahpeton, ND roasted snack operation. Stand-up pouch capabilities will also be added at SunOpta's fruit snack operations in Omak, WA, scheduled to be completed in the first half of 2016.
August 20, 2015
19:53 EDTSTKLRetailers, others question heightened fees at Port of Oakland, WSJ says
After the Port of Oakland said it is considering implementing additional fees, the Retail Industry Leaders Association told the Federal Maritime Commission that it is "troubled" due to the lack of details regarding the fees, according to the Wall Street Journal. The retailer group also questioned the general effectiveness of such a program, and the Agriculture Transportation Coalition echoed the criticism, said the report. Note that executives from Lowe's (LOW), Best Buy (BBY), Target (TGT), Coca-Cola (KO), J.C. Penney (JCP), Tyson Foods (TSN), SunOpta (STKL), and Whole Foods (WFM) serve on the boards of the aforementioned associations. Reference Link

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