EU grain industry warns of import surge from green goals [Reuters]
Archer-Daniels-Midland Company (ADM)
Last archer-daniels-midland company earnings: 4/29 04:05 pm
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Source: Reuters
FILE PHOTO: A French farmer harvests wheat in Honnecourt-sur-Escaut, near Cambrai, France, August 9, 2016. REUTERS/Pascal Rossignol Under its “Farm to Fork” strategy set out last year, the European Commission proposed objectives for 2030 including expanding organic production to 25% of farmland from 8% currently, and cutting pesticide use by 50%. The targets have been criticised as unrealistic by agricultural representatives, echoing divisions over environmental standards that have held up negotiations over the EU's next multi-year farm subsidy programme. The proposed green goals could lower EU production of common wheat, the EU's main cereal crop, to around 109 million tonnes in 2030 from some 128 million expected this year, Coceral said, citing a mid-case scenario in its analysis. The EU is a major wheat exporter, making it most years a net cereal importer despite its reliance on imported maize (corn). “So we are not (going to be) one of the big exporters any more but may
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ADM
Earnings
- 3/12/24 - Miss
ADM
Sec Filings
- 4/22/24 - Form 8-K
- 4/10/24 - Form ARS
- 4/10/24 - Form DEFA14A
- ADM's page on the SEC website