Skip to main content

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

4303450641_ec7536c6ea_k
MN Music and Radio

Three new Grandstand shows added for Minnesota State Fair 2022

The Beach Boys and Portugal. The Man are among several acts booked.

St. Louis County
MN News

St. Louis County set to declare state of emergency ahead of peak flood levels

Volunteers are urgently needed for sandbagging efforts in a small community near Voyageurs National Park.

Screen Shot 2022-05-16 at 5.03.30 PM
MN Food & Drink

Brothers Bar & Grill closes in downtown Minneapolis

The Midwest chain closed its St. Cloud location in 2018.

Ken Jeong
TV, Movies and The Arts

Licensed physician Ken Jeong to do standup in MN this September

The licensed physician will take the stage at Treasure Island Resort and Casino on Sept. 30.

Osseo Police Department
MN News

Osseo PD says officer did not pursue suspect who caused fatal crash

The crash happened in Brooklyn Park early Sunday morning.

221 Main Street. E. Albert Lea
MN News

Suspect arrested after 3 family members stabbed in Albert Lea

The three victims are related, according to police.

lutefisk
MN Weird

Lawmaker suggests state soup should be 'Cream of Lutefisk'

Who hurt you?

Thompson Lake, West St Paul
MN News

50,000 gallons of toilet wastewater leaks into Twin Cities lake

You may want to avoid this body of water.

wastewater
MN Coronavirus

Evidence that omicron strains BA.4 and BA.5 are in Minnesota

The European CDC has warned of a possible significant summer surge fueled by the omicron subvariants.

driving unsplash - crop
MN News

Hastings man charged for driving drunk with 2-year-old in vehicle

Matthew Quade's BAC was almost five times over the legal limit when police pulled him over last week.

police lights
MN News

Arrest made after person shot at Hopkins apartment building

Police say this was an isolated incident and that the victim and suspect knew each other.

covid
MN Coronavirus

BA.2.12.1 omicron subvariant quickly becoming dominant in MN

Experts say the subvariant is more transmissible but there is not evidence to suggest it causes more severe disease.

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 second-quarter profit quadruples to $409M

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 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.