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Cargill reportedly eyeing Canadian agribusiness giant

Viterra is a grain marketing and distribution firm powerful in North America, China, and Australia. Its stock price soared last week after it revealed it's getting buyout offers. The Wall Street Journal says Cargill is in the running against a Swiss firm, Glencore.
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Viterra is a grain marketing and distribution firm powerful in North America, China, and Australia. Its stock price soared last week after it revealed it's getting buyout offers. The Wall Street Journal says Cargill is in the running against a Swiss firm, Glencore.

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Wayzata-based Cargill Inc. says the company plans to operate one the largest poultry broiler production facilities in China next year. The facility currently under construction will raise 65 million birds a year. Cargill invested $250 million into the plant. China's poultry industry is rapidly expanding with annual growth at 5 to 6 percent.

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Cargill Inc. plans to increase the production capacity of its joint-venture Paseo Biofuels LLC biodiesel plant in Kansas City by 40 percent, Reuters reports. The Minnetonka-based agriculture giant expects the expansion to be complete by March 2013.

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The Wayzata-based agribusiness employs 6,600 employees in Minnesota, and although the cuts are not focused in any one area, Cargill won't say how many Minnesota workers will be laid off.

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