Grains & Oilseeds
Resilient Performance
The Platform faced significant challenges in 2022, with wheat and corn business lines impacted by the Russia-Ukraine crisis, government export interventions on palm oil in Indonesia and wheat in India, the new forex system for farmers in Argentina, and the energy crisis in the EU. In this context, we leveraged our diversified global footprint to secure good performance across all product lines.
Processing Success
Our processing activities contributed significantly to the Platform’s positive performance, with strong crush, biodiesel and refining margins, particularly in North America, as well as improved crush margins in China.
Advancing Soy Sustainability in Argentina
In line with our commitment to eliminate deforestation for agricultural purposes from all our supply chains by the end of 2025, 85% of the 2021/2022 campaign soy processed at our General Lagos agro-industrial complex in Argentina was certified as sourced from land not cleared after 2008, in accordance with 2BSVs and EPA requirements. This marks an 8% increase year on year.
Fernando Correa Urquiza
Regional Head of Oilseeds for South & West Latin America
“With over three-quarters of soy received and processed in General Lagos certified as sustainably produced, LDC is a national leader in sustainable soy origination, and we are confident that we will rise to the challenge to increase this proportion even further, as part of our commitments to drive more responsible production, both in Argentina and globally.”
More Grains & Oilseeds Highlights
Expanded our origination network with the acquisition of Emerald Grain, a leading grain handling business in Australia with an integrated supply chain, an experienced team and established ties to some 10,000 Australian farming families.
Broke ground on the construction of Fuling Food Industrial Park in Nansha, Guangzhou, China – a development with Chinese partners that will enhance our capacity to meet the country’s evolving consumer needs and growing demand for high quality food.
Expanded our range of Mastergold cooking oils for the Chinese market, introducing the new products at the 5th China International Import Expo (CIIE). In 2022, Mastergold ranked among the Top 10 Best Brands at the Top of China National Grain Awards.
Began construction of new tanks in Abidjan, Côte d’Ivoire, which will double our local capacity to store palm oil upon completion, expected in 2023.
Opened a new soy liquid lecithin plant in Claypool, Indiana, US, to meet growing demand for high quality food and feed grade lecithin.
Reinforced storage logistics in Argentina with the acquisition of a new warehouse in Salta Province, expanding our origination capabilities in the north of the country.
Continued to embrace supply chain digitalization, investing in Grão Direto, one of Latin America’s largest digital grain trading platforms, accessible to all grain buyers and sellers in Brazil regardless of size or reach, and offering solutions from market intelligence and real-time pricing, to 100% digital grain trading and contract management.
Launched a new tool for Argentine soy producers to make soy traceability declarations 100% digital, putting innovation at the service of efficiency and sustainability.
Our joint initiative with industry peers, Covantis S.A., continued to progress, expanding to and growing in North America in 2022.
Top 3
global soy merchandizer
Top 5
global corn merchandizer
7,500 tons
annual processing capacity of our new soy liquid lecithin plant in Claypool
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