[6 February/ Bloomberg]

Archer-Daniel Midland has announced that it is in advanced talks to acquire Bunge Ltd, a deal which would significantly change the commodity trading business around agriculture.  Bunge has a market value of around USD$11.5 billion and are working quickly towards finalising a deal according to sources. They noted a deal was not certain and other bidders could emerge.  Bunge and ADM together with Cargill and Louis Dreyfus have dominated agricultural commodity trade in recent years, but Bunge has seen profits fall after years of bumper crops.  ADM and Bunge both oversee large networks of US grain trading infrastructure that would suggest any deal would be closely scrutinised by regulators.