Reading Time: < 1 minute Commodity News Service Canada – G3 Global Grain Group, a newly established agribusiness joint venture based in Winnipeg, has officially closed its investment in a majority interest in CWB, the former Canadian Wheat Board. CWB will be combined with the grain assets of Bunge Canada to form a new Canadian agribusiness, G3 Canada Limited, a […] Read more
G3 Global closes CWB deal and retires name
CWB’s chosen suitor weighs West Coast terminal idea
Reading Time: 2 minutes The new Prairie grain player tapped to take a majority stake in the former Canadian Wheat Board is now considering the possibility of its own port terminal. Bunge Canada and Saudi-owned crown corporation SALIC Canada, in their joint venture G3 Global Holdings, have agreed to a separate joint venture with West Coast port logistics firm […] Read more
Bunge resumes canola crushing after fire, soy line down
Reading Time: < 1 minute Reuters — Agrifood firm Bunge Ltd. restarted canola processing at its Hamilton, Ont. plant late Thursday after a fire, spokeswoman Deb Seidel said Friday. She said the plant will resume soybean processing after the investigation into the fire is complete and water is cleaned up. There were no injuries, she said. According to Hamilton’s fire […] Read more
Fire damages Bunge’s Hamilton crush plant
Reading Time: < 1 minute Fire officials in Hamilton, Ont. estimate a fire in a soybean drying unit at Bunge’s oilseed crush plant has caused about $20,000 in damages. The city’s fire department on Thursday said multiple fire crews responded to a report of a fire at the Bunge plant at about 12:40 p.m. The fire, officials said, broke out […] Read more
G3 sees opportunities to expand in Canadian ag sector
Reading Time: 2 minutes Reuters — A joint venture of a state-owned Saudi Arabian investment firm and U.S. grain trader Bunge is interested in making further investments in Canada’s farm sector after striking a deal to take control of grain handler CWB, the new j.v.’s CEO said Wednesday. G3 Global Grain Group, a joint venture of Bunge and Saudi […] Read more
Guenther: Farmers keep minority stake in CWB, for now
Reading Time: 3 minutes While G3 Global Grain Group is set to scoop a majority stake in CWB, grain farmers will be able to hold onto some equity in the former Canadian Wheat Board over the next seven years at the least. G3 is a new joint venture between Bunge Canada and Saudi Agricultural and Livestock Investment (SALIC) Canada, […] Read more
Bunge, Saudi Arabia to buy control of CWB
Reading Time: 4 minutes Agribusiness giant Bunge and the Saudi Arabian government’s ag investment arm are the joint “successful acquirer” of the former Canadian Wheat Board. Bunge Canada and SALIC Canada, an arm of the Saudi Agricultural and Livestock Investment Co., on Wednesday announced their new Winnipeg-based joint venture, G3 Global Grain Group, will pay $250 million to CWB […] Read more
Syngenta suit against Bunge over GM corn revived on appeal
Reading Time: < 1 minute Chicago | Reuters –– A federal appeals court has opened the door for Syngenta Seeds to revive a lawsuit it brought against Bunge North America in 2011 over the agribusiness company’s refusal of a type of genetically modified corn. An opinion in the case came on Monday as Syngenta and its parent company, Swiss-based Syngenta […] Read more
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