Merger between US-based Archer Daniels Midlands and Gleadell Agriculture will “massively reduce” farmers' options in the grain market
Multinational grain buyer and processer Archer Daniels Midlands (ADM)has acquired Gleadell Agriculture Ltd. and Dunns Ltd.in a major merger to create ADM Agriculture Ltd.
Farming UKreports the National Farmers' Union (NFU) fears the merger will add “extra financial pressure” on UK arable businesses.
“The NFU is concerned that this merger could add extra financial pressure on arable businesses as it would massively reduce farmers’ options within the grain market, driving down competitive trading and reducing farmers’ chances to find the best price for their product," says Tom Bradshaw, NFU combinable crops board chairman.
US Corn Price Idx:ZCPAUS.CM
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close: 10.293
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