Market Intelligence
for the World's
Agriculture Industry
Since 1988
 STAT Ag Market News - Covering the world since 1988!

General
 Cash Markets
 Futures Markets
 Weather
Specialty Crop
 Price Graphs
 Export Data
 Sub Info


Privacy Policy
Subscriber Agreement
Customer Center
New: Book Store

Trade Directory


Page One | Ag Markets | Grain | Oilseed | Livestock | Poultry | Cotton & Wool | Fresh Fruit & Vegetables
Dried Fruit & Nuts | Dairy | Technology | Just for Growers | Bio-Energy | Comments | General | Organic | Special Crops

Corporate market news for Feb 2004


Port of Savannah Expansion Underway

SAVANNAH - Feb 2/04 - SNS -- The Georgia Ports Authority (GPA) has started construction of a new berth at the Port of Savanna, which will increase port capacity 20% when it is complete. . . . Continue or visitors click here


Andersons Buys Indiana Elevator

MAUMEE _ Feb 2/04 - SNS -- The Andersons, Inc. has completed its purchase of selected assets of the Farmers Elevator Company of Oakville, Inc. . . . Continue or visitors click here


Land O’Lakes Earns $84 Million

ARDEN HILLS - Feb 2/04 - SNS -- Land O’Lakes, Inc., earned $83.5 million during its 2003 fiscal year, down from $98.9 million for 2002, with a strong fourth quarter again contributing most to the bottom line. . . . Continue or visitors click here


Bunge Reports $411 Million Annual Profit

WHITE PLAINS - Feb 3/04 - SNS -- Bunge Limited's fourth quarter did not significantly outperform last year, but the year's results saw significant gains, with net profits leaping 61% to $411 million for the year ending December 31. . . . Continue or visitors click here


Glencore Buys Ukraine Elevator

KIEV - Feb 3/04 - APK -- According to Interfax-Ukraine, the transnational company Glencore, which is a large trader on Ukrainian grain market, has refused from a legal dispute over Kazanka Grain Elevator (Nikolaev Oblast, South Ukraine) and purchased it from another Ukrainian agrarian market operator - Kernel Group - a source, close to the concluded deal, informed the news agency. . . . Continue or visitors click here


Record Year for Central Canada Foods

TORONTO - Feb 3/04 - SNS -- The meat processor, Central Canada Foods Corporation, reports it had its best year in 2003 with annual revenues increased 17% to $17.3 million generating earnings of $0.02 per share and net profits of $349,000. . . . Continue or visitors click here


Harrison Leaves Heinz

PITTSBURGH - Feb 3/04 - SNS -- H.J. Heinz Company said Neil Harrison, Executive Vice President, and President and CEO, Heinz North America, has decided to leave the Company to pursue other interests. . . . Continue or visitors click here


Nestlé Takes Stake in L’Oréal

GENEVA - Feb 4/04 - SNS -- Nestlé S.A. is taking a direct stake in the cosmetics company L’Oréal as a result of a merger between Gesparal and L’Oréal. . . . Continue or visitors click here


Andersons Reports $6.7 Million Net

MAUMEE - Feb 4/04 - SNS -- The Andersons, Inc. reported fourth quarter net income of $6.7 million or $0.91 per diluted share, up from $2.4 million, or $0.32 per diluted share during the same period the previous year. . . . Continue or visitors click here


CNH Declares Quarterly Profit

LAKE FOREST - Feb 5/04 - SNS -- CNH Global N.V. reported fourth quarter net income of $29 million compared to a fourth quarter 2002 net loss of $4 million, excluding restructuring charges in both periods. . . . Continue or visitors click here


General Mills Faces SEC probe

MINNEAPOLIS - Feb 5/04 - SNS -- General Mills, Inc. has received a “Wells Notice” from the staff of the U.S. Securities and Exchange Commission (SEC) in connection with the Commission's inquiry concerning the company's sales practices and related accounting. . . . Continue or visitors click here


MGP Reports $1.8 M Net Second Quarter

ATCHISON - Feb 5/04 - SNS -- MGP Ingredients, Inc. reported U.S. $1,834,000, or 24 cents per share, net income on sales of $59,409,000 during the second quarter ending December 31, a substantial increase from the $48,000 realized on sales of $44,408,000 during the same quarter the previous year. . . . Continue or visitors click here


Wiens Steps Down at SWP

REGINA - Feb 6/04 - SNS -- Marvin Wiens will retire at the end of this month as a delegate and member of the Board of Directors of Saskatchewan Wheat Pool, following four consecutive terms as President and Chairman of the Board. . . . Continue or visitors click here


Kubota Sales Rise 1.6%

OSAKA - Feb 6/04 - SNS -- Kubota Corp. reported net sales for the three quarters ending December 31 reached 619.3 billion yen or roughly $5.87 billion, an increase of 9.6 billion yen (1.6 %) or about $9 million compared with the same period of the prior year. . . . Continue or visitors click here


Del Monte Sells Some Brands to Royal Canin

SAN FRANCISCO - Feb 6/04 - SNS -- Del Monte Corporation, and DLM Foods Canada Corp. sold their rights in the IVD(R) and Medi-Cal(R) brands and rights in the Techni-Cal(R) brand in the United States and Canada, to Royal Canin for $82.5 million. . . . Continue or visitors click here


ADM to Close German Rapeseed Mill

DECATUR - Feb 6/04 - SNS -- Archer Daniels Midland Company said it is looking to close its rapeseed processing facility in Leer, Germany. . . . Continue or visitors click here


CBH Upgrading Albany Terminal

SYDNEY - Feb 10/04 - SNS -- Co-operative Bulk Handling Limited (CBH) is going ahead with a multi-million dollar upgrade of its Albany port terminal to improve services to Australia's Great Southern grain growers. . . . Continue or visitors click here


Smithfield Foods Completes U.K. Purchases

SMITHFIELD - Feb 10/04 - SNS -- Smithfield Foods, Inc. completed its purchase of the United Kingdom's Norwich Food Company Ltd. and Ridpath Pek, combing them to form Smithfield Foods Ltd. . . . Continue or visitors click here


Agrium Reports $109 Million Loss

CALGARY - Feb 10/04 - SNS -- Agrium Inc. reported a fourth quarter loss of $109 million, reflecting the impact of a carrying cost reduction at its Kenai, Alaska nitrogen facility. . . . Continue or visitors click here


Imperial Sugar Reports First Quarter Profit

SUGAR LAND - Feb 11/04 - SNS -- Imperial Sugar Company reported a net income of $3.5 million or $0.32 per diluted share for the current quarter for its 2004 fiscal first quarter ended December 31, 2003, compared to a $5.5 million or 55 cent per share loss during the same quarter last year. . . . Continue or visitors click here


Share Plan Boosts ADM's Agricore United Holdings

EDMONTON - Feb 11/04 - SNS -- Agricore United shareholders approved a one-day share consolidation of the Company’s limited voting common shares under a scheme which will see ADM Agri-Industries Company ownership of the company expand from 20.1% to 23%. . . . Continue or visitors click here


Cargill Sweeteners Creates New Product Manager Post

MINNEAPOLIS - Feb 11/04 - SNS -- Cargill Sweeteners North America has created the post of new products manager, naming Elaine Tecklenburg to the newly minted position. . . . Continue or visitors click here


YaSheng Group Reports $44.8 Million Net

SAN FRANCISCO - Feb 12/04 - SNS -- YaSheng Group reported net earnings of $44,837,246 for the nine months ending September 30 on gross sales of $574,558,072. . . . Continue or visitors click here


Agricore United Elects Directors

EDMONTON - Feb 12/04 - SNS -- Four directors were elected to the board of Agricore United at the company's annual meeting here. Elected by farmer delegates, they will each serve three year terms. . . . Continue or visitors click here


ABB-AusBulk Merger Talks

SYDNEY - Feb 12/04 - SNS -- The Australian barley marketing board, ABB Grain Ltd and AusBulk Ltd have entered preliminary talks aimed at merging the two companies. . . . Continue or visitors click here


Danisco Agrees to Buy Rhodia Food Ingredients

COPENHAGEN - Feb 13/04 - SNS -- Danisco has entered an agreement to take over French Rhodia's food ingredients business, excluding the company's food phosphates business. . . . Continue or visitors click here


Egypt's NVO Restructuring Deal Complete

ALEXANDRIA - Feb 13/04 - SNS -- A capital restructuring deal involving Egypt's National Vegetable Oil Company (NVO) was completed this month. The deal is valued at L.E. 600 million or US$97 million. . . . Continue or visitors click here


Agricore United Names Chair

WINNIPEG - Feb 13/04 - SNS -- At its meeting, Agricore United's new board of directors elected Wayne Drul of Oakburn, Manitoba as chair; and Jon Grant as First Vice Chair. . . . Continue or visitors click here


Rogers Sugar Income Fund Distribution

MONTREAL - Feb 16/04 - SNS -- Rogers Sugar Income Fund authorized a monthly distribution of $0.0334 per trust unit to be paid to Unitholders of record on February 29, 2004, payable on or before March 29, 2004. . . . Continue or visitors click here


Banana Farms Meet SA8000, EUREPGAP Standards

CINCINNATI – Feb 17/04 - SNS -- Banana farms in Colombia, Costa Rica and Panama operated by Chiquita Brands International, Inc. have been certified as meeting both the Social Accountability 8000(1) labor and human rights standard and the EUREPGAP(2)food safety standard. . . . Continue or visitors click here


Chiquita Reports $8 Million Profit

CINCINNATI - Feb 17/04 - SNS -- Chiquita Brands International, Inc. reported a fourth-quarter net income of $8 million, or $0.19 per share, compared to its $26 million, or $0.66 per share net loss during the same quarter last year. . . . Continue or visitors click here


ADM, Lesaffre to Build Yeast Plant

DECATUR - Feb 17/04 - SNS -- Archer Daniels Midland Company (ADM) and Lesaffre have create d ajoint venture company to build a yeast plant in Cedar Rapids, Iowa. Named Red Star Yeast, LLC, the joint venture firm will build its new facility adjacent to ADM’s corn processing facility, starting in mid-March. . . . Continue or visitors click here


Noble Reports $61 Million Net

HONG KONG - Feb 18/04 - SNS -- Noble Group Limited reported net earnings of U.S. $61 million on sales of $4.4 billion for the fiscal year ending December 31. . . . Continue or visitors click here


Hormel Foods Reports $51.8 Million Quarter

AUSTIN - Feb 19/04 - SNS -- Hormel Foods Corporation today reported its performance for the fiscal 2004 first quarter ended January 24, 2004. . . . Continue or visitors click here


Heinz Reports $202 MT Quarter

PITTSBURGH - Feb 24/04 - SNS -- H.J. Heinz Company reported a third quarter net income of $202.2 million on sales of $2,097 million, or 57 cents per share, up 33.4% from the $151.6 million, or 43 cents per share, on year earlier sales of $2,105 million. . . . Continue or visitors click here


Sanderson Farms Reports $19 Million Profit

LAUREL - Feb 24/04 - SNS -- Sanderson Farms, Inc. reported a $19 million net income, of $1.55 per diluted share, on sales of $226.4 million during its first quarter of fiscal 2004, which ended January 31, 2004. . . . Continue or visitors click here


Smithfield Profits Improve

SMITHFIELD - Feb 24/04 - SNS -- Smithfield Foods, Inc. earned a net income of $46.1 million or 41 cents per share during the quarter ending February 1 on sales of $2.7 billion; a solid improvement on the $5 million in net earnings reported on sales of $1.8 billion during the same third quarter period last year. . . . Continue or visitors click here


Edelman Wins Almond Board Contract

MODESTO - Feb 25/04 - SNS -- Edelman was chosen as the agency which will handle the Almond Board of California's national foodservice and industrial programs. . . . Continue or visitors click here


Nestle Reports Higher Net Profit Margin

VEVEY - Feb 26/04 - SNS -- Nestle Group reported a decline in net profits from Swiss francs (CHF) 7,564 million to CHF 6,213 million for its 2003 fiscal year; but said he underlying net profit margin increased 70 basis points from 8.2% to 8.9%. . . . Continue or visitors click here


Agricore United Finishes Share Program

WINNIPEG - Feb 26/04 - SNS -- Agricore United completed its share consolidation program which will result in ADM Agri-Industries Company owning another 1.52 million shares of the company under a $9.63 per share private placement which will generate the cash needed to finance the consolidation. . . . Continue or visitors click here


Novelli Almond Board W. European Agent

MODESTO - Feb 26/04 - SNS -- The Almond Board of California named Porter Novelli as the agency of record to handle its international public relations programs in Western Europe. . . . Continue or visitors click here


CBOT Reports Double Operating Revenue

CHICAGO Feb 27/04 - SNS -- Operating revenue reported by the Chicago Board of Trade (CBOT) nearly doubled $58.3 million in 2002 to $115.7 million last year. . . . Continue or visitors click here


Bevo Agro Profits Slump

LANGLEY - Feb 27/04 - SNS -- Bevo Agro Inc. reported a net profit of $434,357 for the three months ending December 31, 2003, well below the $975,777 reported during the same quarter one year earlier. . . . Continue or visitors click here


CBOT Has Busiest Day in History

CHICAGO Feb 27/04 - SNS -- The Chicago Board of Trade (CBOT) experienced its busiest day on February 26, with 3,354,490 contracts exchanging hands, betting the previous record of 3,331,999 set on July 31, 2003. . . . Continue or visitors click here



Articles are archived for the months:
2026:Jan | Feb | Mar | Apr | May | Jun |
2025:Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
2024:Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
2023:Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
2022:Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |

Platinum Subscription
New features and benefits
Click here to check it out!


Order Today!


Liquid Web Fully Managed Web Hosting

Click here to set STATpub.com as your browser's home page!
Copyright © 2020 STAT Communications Ltd., Canada. All rights reserved. About this website Terms & Conditions
Send us your comments.
Privacy Policy
Become an Affiliate. Add our Headlines to Your Website
Links Directory