Oilseeds giant Bunge jumps into palm oil market

11/8/2011 | AgriMoney.com (U.K.)

Bunge is the global leader in oilseeds processing, and it is now targeting palm oil. Bunge bought a 35% stake in Indonesia's Bumiraya Investindo, which operates four plantations and is building a processing mill. Bunge CEO Christopher White called the deal a "natural fit." The company is seeking to expand past its traditional vegetable oil markets. Projections have palm oil increasing at twice the rate of other vegetable oils through 2020-2021.

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