Combined company aims to create the leading global platform in edible oils.

The acquisition will give Bunge a position in the market for palm- and tropical-based oil products.

The oils and fats industry has been subjected to challenges arriving in waves.

The investment is a part of the initiative that provides programs and services to drive the Canadian ag and agri-foods sector.

EBIT in the Agribusiness segment totaled $18 million in the second quarter, down sharply from $168 million in the same period a year ago.

Seen as boost for most widely consumed oil/fat in United States.

The company expects the Competitiveness Program to provide modest benefits to 2017 earnings.

Research firm cites poor crush margins and slow farmer selling.

The acquisition of Ana Gida was completed in March.

Move takes into account a higher probability that Glencore will acquire the business.