top of page

UA News and the Unconventional Ag event series are no longer being offered. You can continue to stay updated on the global ag, agtech, food, and food tech sectors through our other publications and events: Global AgInvesting conference series, AgInvesting Weekly, Agtech Intel NewsWomen in Agribusiness Summit, and Women in Agribusiness Today.  We are grateful for your past support, and look forward to staying connected with you through our range of media platforms.

NEWS.png

Zen-Noh to Buy 35 Mississippi River Elevators From Bunge


Zen-Noh Grain Corp. (ZGC), a subsidiary of the National Federation of Agricultural Cooperative Associations of Japan, has agreed to acquire 35 grain origination elevators along the Mississippi River from Bunge North America for an undisclosed amount.

Bunge states that the decision to sell will give the opportunity to redeploy resources into higher returning areas of the company, to reduce costs, and to strengthen its balance

sheet. Despite the move, Bunge says it will remain a leader in the global grain sector, conducting trading and distribution through its export terminals in Destrehan, Louisiana, which are being expanded; through EGT, its joint venture in the Pacific Northwest; and through its soybean processing and milling operations. Bunge also retains ownership in Bunge-SCF Grain, a joint venture with SCF, and its elevators in Indiana that support its soybean processing plant in Morristown.

ZGC has stated that the newly acquired elevators will be operated by its affiliate CGB Enterprises through its wholly owned subsidiary Consolidated Grain and Barge Co, which currently operates more than 100 grain origination sites in the U.S.

NeverStop - 650x85.jpg
CPM Logo Image
LECO Ad Image
MOSOY-NovDecJan-1000 x825-02.png
UA News Subscribe Image

CONTRIBUTE

Contact Lynda Kiernan-Stone,

editor of Unconventional Ag News, to submit a story for consideration: 
lkiernan-stone@highquestgroup.com

bottom of page