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ENGLISH NEWS

Bunge Reports 2015 Fourth Quarter and Full-Year Results

Soren Schroder, Bunge's Chief Executive Officer, stated, "In 2015, the Bunge team achieved numerous milestones: record Agribusiness EBIT, four quarter trailing ROIC in our core Agribusiness and Food operations of 10% and approximately $100 million of savings from performance improvement initiatives.

Agricultural Coalition Applauds U.S.-Cuba Progress

The U.S. Agriculture Coalition for Cuba (USACC), which seeks to enhance two-way trade between the U.S. and Cuba, pointed to regulatory changes and Congressional activity on advancement of bills over the past year as clear evidence that the wheels of change are turning.

Turkish industrial output grows 4.5 percent in 2015

Turkey's calendar and seasonally adjusted industrial production grew 4.5 percent in 2015 over a year ago, government data showed on Monday. The figure followed a 3.5 percent year-on-year increase in industrial production in November. On a month-on-month basis, calendar and...

Turkish candy producers move up in global ranking

Turkish confectionery firms climbed up in the list of the world's largest candy producers titled “Global Top 100” year-on-year in 2016, the US-based Candy Industry magazine said last week. Yıldız Holding, Şölen Çikolata and the Elvan Group made it into...

Inflation up, exports down

2016 started with two pieces of data being released that signify worrying times ahead for the Turkish economy. The Consumer Price Index (CPI) increased by 1.8 percent in January and yearly inflation reached 9.6 percent, ranking Turkey among the top high-inflation...

Erdoğan holds talks in Ecuador

Turkish President Recep Tayyip Erdoğan held some official talks in Ecuador, where he came to for an official visit, in the capital of Quito on Thursday. Erdoğan started his programme by placing wreath on Independence Heroes Monument in Quito. Following the...

Hotel investments in Turkey down 26 pct in 2015

Incentive-based hotel investments fell 26 percent year-on-year in 2015, according to a recent report by the Turkish Hotelier's Association (TUROB). Compiling data from the Economy Ministry, TUROB calculated the volume of incentive certificates issued for hotel investments. While investment incentives for 316 hotel...

Food drives January inflation to highest since May 2014

Turkey's annual consumer price inflation jumped to 9.58 percent in January, data showed on Wednesday, exceeding forecasts and hitting its highest level since May 2014 on the back of surging food, drinks and tobacco prices. High inflation is a major...

FAO Food Price Index starts 2016 dropping to nearly 7-year low

While El Niño casts shadow on crop prospects, prices of all commodities declined in January. 4 February, 2016, Rome - The FAO Food Price Index fell in January, slipping 1.9 percent below its level in the last month of 2015, as prices of...

China offers $43B for Swiss pesticide giant Syngenta

A Chinese state-owned chemical maker offered to buy Swiss pesticide giant Syngenta for $43 billion in what would be the biggest-ever foreign acquisition by a Chinese company. Syngenta AG said Wednesday its board is recommending shareholders accept the offer from China National Chemical Corp., also...

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