Reading Time: 3 minutes A proposed class action lawsuit against the federal government and G3, alleging farmers’ money helped privatize the Canadian Wheat Board (CWB), is another step closer, says Anders Bruun, one of the lawyers working on the suit. In a written ruling released Monday, Master Shayne Berthaudin of the Manitoba Court of Queen’s Bench ruled against the […] Read more
CWB class action suit takes step forward
G3 has a new CEO
Reading Time: < 1 minute There’s been a change at the top of Canada’s newest major grain company. G3 Canada’s CEO Karl Gerrand left the grain company Tuesday and has been replaced by Don Chapman, the Manitoba Co-operator has learned. G3 in 2015 purchased 50.1 per cent of the Canadian Wheat Board from the federal government and brought in Gerrand, […] Read more
G3 expanding into Alberta market
Reading Time: 2 minutes The grain company formerly known as the Canadian Wheat Board plans to start work next month on two new elevators including its first in Alberta. G3 Canada announced Tuesday it will build a 42,000-tonne capacity elevator at Wetaskiwin in central Alberta, between Edmonton and Red Deer, and a similar-sized elevator at Maidstone, Sask., about 55 […] Read more
G3 co-owner SALIC looking at Iraq farmland
Reading Time: 2 minutes Dubai | Reuters –– The Saudi Agricultural and Livestock Investment Company (SALIC) is looking at more farmland investment opportunities and has its neighbour Iraq on the list. SALIC, an arm of the country’s Public Investment Fund (PIF), said it was also looking to expand its investments in the Black Sea region, which already includes almost […] Read more
Larger elevators, smaller rail cars seen in grain’s future
Reading Time: 2 minutes Winnipeg | CNS Canada –– Heading into the future, elevators will be more efficient and trains will carry more grain, according to industry professionals at the Grain World conference in Winnipeg. “I think there’s a real shift happening from low efficiency to the higher-efficiency facilities,” Karl Gerrand, CEO of G3, said Wednesday during the What […] Read more
G3 to build two more Saskatchewan elevators
Reading Time: < 1 minute The grain company formerly known as CWB has picked sites and plans to start construction next month on two new grain elevators in Saskatchewan. G3 Canada on Tuesday announced it will build primary elevators about five km north of Melville on Highway 10 and seven km west of Saskatoon on Highway 14, to be ready […] Read more
G3 to proceed with port grain terminal at Vancouver
Reading Time: 2 minutes Winnipeg | Reuters — Canada’s G3 Global Holdings will build a grain terminal at Port Metro Vancouver by 2020, increasing the flow of wheat and canola to Asia and Latin America, the company said on Wednesday. The Winnipeg-based partnership of Saudi Arabian agriculture company SALIC and U.S. grain handler Bunge Ltd/ had been considering the […] Read more
Saudi Arabia boosts stake in G3 Canada
Reading Time: 2 minutes Winnipeg | Reuters — Saudi Arabia’s agriculture company has taken control of the majority investor in grain handler G3 Canada Ltd., according to a filing, reducing Bunge Ltd.’s stake and strengthening the kingdom’s efforts to secure food supplies. G3 Global Holdings, the joint venture of U.S. agribusiness Bunge and Saudi Agricultural and Livestock Investment Co. […] Read more
North Africa showing solid demand for durum
Reading Time: 2 minutes CNS Canada –– North African countries have been some of the best customers for Canadian durum over the past few months, and weather issues with this year’s crops in the region should keep that demand solid going forward. As of February, Morocco, Tunisia and Algeria combined have imported 1.3 million tonnes of Canadian durum during […] Read more
Head of G3 promises to shake up Canada’s grain industry
Karl Gerrand thinks high-speed logistics are the answer to moving grain. But will his competitors play nice?
Reading Time: 7 minutes If there’s one thing Karl Gerrand understands, it’s that Canada’s newest grain company can’t afford to be just another “me too” operator. Gerrand is heading up Global Grain Group, or G3 as it has quickly been dubbed in the business, a phoenix arising from the ashes of the former Canadian Wheat Board with the backing […] Read more
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