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Tag Archives bunge

(BungeMOE.com)
Canola, Crops, Reuters

U.S. blocks Hamilton crush plant’s canola meal

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Reading Time: < 1 minute Winnipeg | Reuters –– The U.S. Food and Drug Administration (FDA) halted a shipment of canola meal on Dec. 1 from a Bunge plant in Hamilton, Ont. because it appeared to contain salmonella bacteria, FDA records show. Salmonella can cause food-borne illness in humans. However, canola meal is mainly shipped to the U.S. for use […] Read more
G3 CEO Karl Gerrand, shown here in April in Winnipeg, said the company isn’t particularly interested in making a move on Glencore’s Viterra assets. (Dave Bedard photo)
Crops, Markets, Reuters

Not much interest in Glencore ag assets at grain firm G3

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Reading Time: 2 minutes Winnipeg | Reuters –– Grain handler G3 Canada, a joint venture between a Saudi Arabian firm and Bunge Ltd., doesn’t have much interest in bidding for a stake in rival Glencore’s agricultural business, its chief executive said Tuesday. Swiss-based Glencore, the trader and miner whose shares have been battered by the commodities slump, is looking […] Read more
Crops, Markets

G3 Global closes CWB deal and retires name

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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
Western Stevedoring’s Lynnterm Terminal, shown here, is now the subject of a feasibility study as the possible site of a new export terminal for Prairie grain. (Colin Jewell photo courtesy Port Metro Vancouver)
Crops, Markets

CWB’s chosen suitor weighs West Coast terminal idea

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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
(BungeMOE.com)
Canola, Crops, Reuters, Soybeans

Bunge resumes canola crushing after fire, soy line down

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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
Canola, Crops, Soybeans

Fire damages Bunge’s Hamilton crush plant

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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 CEO Karl Gerrand, shown here Wednesday in Winnipeg, says the new company is interested in further ag-related investments across the country. (Dave Bedard photo)
Crops, Markets, Reuters

G3 sees opportunities to expand in Canadian ag sector

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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
“I don’t see farmers shying away” from taking equity in CWB, Agriculture Minister Gerry Ritz said Wednesday. (Dave Bedard photo)
Crops, Markets

Guenther: Farmers keep minority stake in CWB, for now

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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
G3’s Karl Gerrand, CWB CEO Ian White, Agriculture Minister Gerry Ritz and CWB chief strategy officer Dayna Spiring (from left) announce G3’s $250 million plan to take a majority stake in CWB. (Dave Bedard photo)
Crops, Markets

Bunge, Saudi Arabia to buy control of CWB

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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

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