News last update:6 Aug 2012

ABC's accused of rainforest destruction

Chicago Board of Trade was stage this week to a protest against destruction of the South American rainforest. Five protesters were arrested after unfurling a giant banner accusing ADM, Bunge and Cargill of destroying rainforests.

Four of the protesters, who claimed to be from a group called Rainforest Action Network, climbed the downtown Chicago CBOT building to unfold a 15 metres long banner that declared Archer Daniels Midland (ADM), Bunge and Cargill as the "ABC's of rainforest destruction," according to several Chicago-based media outlets.

The police arrested climbers and the coordinator on the ground.

ADM  is one of the largest actors in procuring, transporting, storing, processing, and merchandising oilseeds, corn and agricultural services.

The company in the US operates 23 wheat flour mills, a bulgur plant, two corn flour mills, two sorghum mills, and 20 foreign flour mills with a total daily milling capacity of approximately 26,700 metric tons. It also operates six bakery mix plants.

Bunge is a Bermuda-based holding company. Through its subsidiaries, the company operates as an integrated, global agribusiness and food company operating in the farm-to-consumer food chain.

It operates through three divisions: agribusiness, fertilizer and food products. Bunge is the largest oilseed processor in the world.

Cargill an agricultural giant that had $88 billion in sales last year, has operations in 66 countries, including a large operation in South America, where it buys and processes soybeans used for vegetable oil and animal feed.

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