This monthly report provides a review of recent agribusiness M&A news as well as updated trading and transaction multiples.

Key headlines this month:

• Monsanto's US$45bn bid for Syngenta is facing headwinds in Brazil, the second largest market for both companies. Market regulator Cade could take a year investigating anti-trust issues with the deal.
  
• JBS's US$1.45bn bid to acquire Cargill Pork business is being questioned by The American Antitrust Institute and several farmers unions who are all calling for a Department of Justice investigation into the market power created by the acquisition.
  
• Thai feed producer and processor Charoen Pokphand Foods PLC subsidiary in the Netherlands to acquire 80% stake in Poultry business from Agri Invest Brinky BV by year end, completing a 100% takeover by 2018, in a deal worth US$680m.
  
• New Zealand's largest poultry firm, Tegel Foods rumoured to be up for sale, a deal that could be worth US$660m.
  
• Mining magnate Gina Rinehart adds to her dairy and meat portfolio by purchasing 400,000ha Fossil Downs Station in a deal worth US$22m.
  
• The Global Dairy Trade auction rebounds 14.8% on 20% lower volume after ten consecutive fortnightly declines and significant volatility in the industry.