Category: Bankruptcy

AgTech company TerrAvion files for bankruptcy

Post author By AgReads®
Post date September 6, 2020

Robert Morris, founder and CEO of agricultural-imaging company TerrAvion Inc., sent customers an email saying the company was closed effective September 4, 2020. TerrAvion, started its journey in 2013, and offered farmers a high-tech view of their fields from above, including data about what’s working with a crop and what needs improvement. “If you are […]

Tags Agricultural Innovation, Agricultural Tech - Farming Tech, Agriculture, AgriData - Use of Data in Food and Farming, AgriFoodTech, AgriMechanisation - Agricultural Machinery, AgTech, Bankruptcy, Business Failure in Food and Agriculture, Business Models for the Agricultural Sector., Crop Health, Data Analytics, Data-Driven, Finance, Food and Agribusiness, Imagery, Innovation in Food and Agribusiness, Strategy

Bankruptcy Commodities

Phoenix Commodities has gone into liquidation after amassing $400m in potential trading losses

Post author By AgReads®
Post date May 14, 2020

Phoenix Commodities, a trader of agricultural products with offices in Dubai and Singapore, is being liquidated after amassing more than US$400 million (S$567 million) in potential trading losses. It was valued at $1.1bn-$1.24bn as recently as January, according to a document filed by its provisional liquidators.. The Phoenix Group, which was registered in the British […]

Tags Agricultural Commodities, Agricultural Loans, Agriculture, Business Failure in Food and Agriculture, Commodities, Distribution, Dubai, Food and Agribusiness, Rice, Singapore, Trade, UAE