Bunge to close Argentine soybean mill, lay off 60 workers
Bunge to close Argentine soybean mill, lay off 60 workers -union 7/24/2018 BUENOS AIRES, July 24 (Reuters) - A union of employees of soy crushing plants in Argentina said on Tuesday that U.S. grains merchant Bunge Ltd told workers it will shutter a mill at the port of Ramallo in the province of Buenos Aires, laying off 60 workers.
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Argentina is the world's top soybean oil and meal exporter. Bunge, the leading global producer of soymeal and soyoil, has been trying to slim down
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“(Bunge) told us yesterday, Monday, that they were going to lay off 60 soybean oil employees,” Carlos Zamboni, the union’s legal advisor said by phone.
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THE IMPACT OF SOYBEAN EXPANSION IN ARGENTINA. by WALTER PENGUE. Seedling September 2001. In the past two decades, soybean production has increased sharply in the Pampas region of Argentina.
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Soybean meal, or soymeal, is the material remaining after solvent extraction of oil from soybean flakes, with a 50% soy protein content. The meal is 'toasted' (a misnomer because the heat treatment is with moist steam) and ground in a hammer mill .
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THE IMPACT OF SOYBEAN EXPANSION IN ARGENTINA. by WALTER PENGUE. Seedling September 2001. In the past two decades, soybean production has increased sharply in the Pampas region of Argentina.
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It accounts for approximately 23% of World soybean oil production followed by China (21%), Argentina (18%) and Brazil (16%). China is the major consumer and importer of soyabean oil in the World. It accounts for approximately 19% of World soyabean oil consumption.
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