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Officials from SALIC and Minerva Foods, shown here in a SALIC photo, signed a deal Wednesday for the Saudi firm to take a 19.95 per cent stake in the beef export company. (Salic.com)
Livestock, Markets, Reuters

Saudi’s SALIC looking for land in Sudan for fodder

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Reading Time: 2 minutes Dubai | Reuters — Saudi Agriculture and Livestock Co. (SALIC), an arm of the state-owned Public Investment Fund, is looking to buy land in Sudan to grow fodder, chief executive Abdullah Aldubaikhi said in an interview on Saudi-owned Al Arabiya TV on Thursday. He was speaking the day after the company announced it had signed […] Read more
2 hearth breads showing different loaf volumes
Cereals, Crops

Wheat quality conundrum

Changes to the marketing system make providing consistent shipments more difficult than under the days of the CWB

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Reading Time: 4 minutes It was in 2012 that the first complaints began to trickle in. Buyers long accustomed to high-quality Canadian wheat started expressing disappointment in the quality of their shipments. From nearly a tonne of peas in a 25-tonne wheat shipment to lower-than-expected protein levels and grade divergences, over the next few years the first quiet questions […] 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
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
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

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