Cargill to invest nearly $400 million in Africa

Bloomberg News is reporting Cargill Inc. plans to develop industrial palm-oil plantations and processing facilities in Ivory Coast within five years. The Minnetonka-based agribusiness giant may invest $380 million in the project. Cargill is one of the biggest cocoa exporters in the West African nation, the world’s top grower of the crop.
Author:
Updated:
Original:

Bloomberg News is reporting Cargill Inc. plans to develop industrial palm-oil plantations and processing facilities in Ivory Coast within five years. The Minnetonka-based agribusiness giant may invest $380 million in the project. Cargill is one of the biggest cocoa exporters in the West African nation, the world’s top grower of the crop.

Next Up

Mayor Brad Wiersum
MN News

'Please, please, please get vaccinated,' Minnetonka mayor pleads

This comes as the local state of emergency officially ends.

YouTube - Jeopardy screengrab minneapolis
TV, Movies and The Arts

Can you answer all the Minneapolis questions from this week's 'Jeopardy?'

KARE personalities including Randy Shaver and Rena Sarigianopoulos presented the clues.

Pexels - woman shop mask covid CROP
MN Coronavirus

35 counties, including most of Twin Cities, now COVID hotspots

The CDC recommends everyone wear a mask in public, indoor places in these counties.

covid, coronavirus
MN Coronavirus

CDC document: Delta variant as contagious as chickenpox

Vaccines remain very effective at preventing severe illness from the delta variant, however.

Flickr - smoke McGregor minnesota wildfire July 29 2021 - Lorie Shaull
MN News

'Unprecedented': The wildfire smoke isn't going anywhere this weekend

The air quality alert that was supposed to end Friday is now in effect into early next week.

Alexis Saborit
MN News

Charges: Woman killed in horrific Shakopee attack was trying to leave suspect

The shocking incident happened at an intersection Wednesday afternoon.

3M Open, Tony Finau
MN News

Multiple injuries after pickup crashes into shuttle bus at 3M Open

Blaine police listed 25 people as being involved in the collision.

Byron Buxton
MN Twins

Live blog: Tracking Twins rumors before 3 p.m. deadline

The rumor mill is wild!

Jose Berrios
MN Twins

Twins trade Berrios to Blue Jays for highly touted prospects

The 27-year-old is headed to the AL East.

Jose Berrios
MN Twins

All signs point to Twins trading Berrios before Friday's deadline

The trade deadline hits at 3 p.m. Friday.

covid
MN Coronavirus

Here is Minnesota's COVID-19 update for Friday, July 30

The latest data from MDH.

Screen Shot 2020-06-15 at 7.11.05 AM
MN News

Teen arrested in connection to recent St. Cloud shootings

The shootings, which occurred on Tuesday and Wednesday, did not result in injury or property damage.

Related

MN News

Cargill to boost biodiesel production in Missouri

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.

MN News

Cargill to open $250 million chicken broiler in China

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.

MN News

Cargill to cut 2,000 workers

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.

MN News

Cargill fiscal 4th quarter net slides 82%

Cargill Inc. reported an 82 percent slide in its fiscal fourth-quarter profit, citing tough trading conditions in beef and soybean processing and an economic and political environment that the agribusiness group has said distorts the pricing of risk, Dow Jones reports.

MN News

Cargill takes heat for Colombian farmland purchases

MN News

Cargill claims to be victim in fraud scheme

Minnetonka-based Cargill Inc., one of the world's largest commodities traders, claims in a new lawsuit that it was duped in a business fraud that involves the sale of fake renewable energy credits, the Star Tribune reports. The company says it arranged to buy 1.2 million biodiesel credits from a New York broker in 2010, and learned later the credits were invalid.

MN News

Cargill second-quarter profit quadruples to $409M

MN News

Cargill recalls 30,000 pounds of ground beef

Minnetonka-based Cargill is voluntarily recalling ground beef due to salmonella concerns. The 85 percent lean ground beef was produced at Cargill's plant in Wyalusing, Pa., on May 25, and repackaged for sale to consumers of a Maine-based grocery chain, the Associated Press says. The chain sold the ground beef in Massachusetts, Maine, New Hampshire, New York and Vermont.