Associated British Foods (ABF)’s revelation that it is evaluating the possible separation of its £9 billion Primark retail business has caught the financial headlines. #ABAgri #ABDairy #ABSugar #ABVista #ABN #FrontierAgriculture #PremierNutrition #VivergoFuels
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A second half trading update from #AssociatedBritishFoods (#ABF) confirms the closure of the company’s #VivergoFuels wheat to bioethanol plant. Preliminary full year ABF results will be published in early November. #ABAgri #ABSugar #FrontierAgriculture
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Associated British Foods is to close its Vivergo Fuels bioethanol plant by the end of August, in the wake of the government decision not to support the UK sector from tariff-free US imports. #EnsusUK #NFU #Sudzucker #VivergoFuels
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The Vivergo Fuels bioethanol plant on Humberside is reported to have stopped accepting wheat deliveries, as it runs down operations ahead of a possible closure from mid-September. #EnsusUK #VivergoFuels
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Government has told the UK bioethanol industry that it is willing to work with it to address concerns. But that could be too late for at least one of the two domestic plants. #AssociatedBritishFoods #Ensus #Sudzucker #VivergoFuels
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The government has made it clear over the last year that agriculture is not a priority for public funds, when competing for limited resources with areas such as defence and health. #EnsusUK #VivergoFuels
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Vivergo Fuels, one of the UK’s two wheat-to-bioethanol refineries, has warned it may have to close following the US-UK trade deal concession to allow 140 million litres of US bioethanol imports each year tariff-free. #EnsusUK #VivergoFuels
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Industry fears ahead of the UK-US trade deal had centred on access for US beef and chicken produced under standards illegal in the UK. Instead, the surprise outcome has been to pull the rug from under the domestic #bioethanol industry. #Ensus #VivergoFuels
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Concessions made in the US-UK trade deal announced last week have cast further uncertainty over the domestic cereals to bioethanol sector, which was already considering its future viability. #ABSugar #CropEnergies #Ensus #VivergoFuels
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Half year figures from #AssociatedBritishFoods reveal lower revenues and profitability for its Agriculture (#AB Agri) and Sugar divisions, while regulation threatens its #VivergoFuels wheat-to-bioethanol business.
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