Reading Time: < 1 minute MarketsFarm — Canola futures on the ICE Futures U.S. platform dropped sharply during the week ended Wednesday, hitting their lowest levels in 2-1/2 years. Concerns over declining Chinese demand sparked the latest selloff in canola amid news that the major canola-buying country had blocked shipments from Canada’s Richardson International. Canadian canola exporters have faced problems […] Read more
ICE weekly outlook: China worries keep market trending down
Richardson disputes China claim of ‘hazardous pests’ in canola
Reading Time: 2 minutes Beijing/Chicago | Reuters — Canadian agribusiness Richardson International said on Wednesday that canola it shipped to China met regulatory requirements after a Chinese official charged that “hazardous pests” were found in samples taken recently from Canadian canola imports. Beijing this month cancelled Richardson’s registration to ship Canadian canola to China, the world’s top importer of […] Read more
China blocks some Richardson canola shipments
Reading Time: 2 minutes Beijing/Kabul | Reuters — China has canceled Canadian agribusiness Richardson International’s registration to ship canola to China, the company said on Tuesday, the latest sign of tensions between Ottawa and Beijing. It was not immediately clear why exports to China by Richardson, the world’s top importer of canola, had been halted. Canada and China are […] Read more
Richardson buys Peace-region input retailer
Reading Time: < 1 minute Grain handler Richardson Pioneer has moved to shore up its presence in northern Alberta’s crop input market with a deal for a Peace-region dealership. Winnipeg-based Richardson announced Wednesday it has bought Agland Seed and Chemical at La Crete, Alta., about 320 km north of Peace River. The deal, which closed Tuesday, will see all of […] Read more
Richardson to buy Wesson cooking oil brand
Reading Time: 2 minutes A household name in U.S. cooking oils is set to become part of Canadian grain handler and oilseed processor Richardson International. Chicago-based Conagra Brands said Tuesday it will sell its Wesson oil brand and related assets — including a 280,000-square foot U.S. processing plant at Memphis — to Richardson for an undisclosed sum. Wesson-branded retail […] Read more
Richardson to retail in west-central Saskatchewan
Reading Time: < 1 minute Prairie grain firm Richardson International plans to build out its retail market share in west-central Saskatchewan with a new inputs centre southwest of Saskatoon. Privately-held Richardson said July 30 it would begin construction shortly on the new facility in Delisle, about 35 km southwest of the city, to open for the 2019 growing season. The […] Read more
Richardson moves further into eastern Alberta retail
Reading Time: < 1 minute Grain firm Richardson Pioneer’s crop input retail business is expanding into an area of eastern Alberta its network hasn’t yet reached. The company, an arm of Winnipeg-based agrifood firm Richardson International, closed a deal April 4 to buy Eagle Agro Services, an inputs dealer at Veteran, Alta., about 200 km east of Red Deer. The […] Read more
Richardson to take food innovation downtown
Reading Time: 3 minutes Canadian grain and agrifood firm Richardson International plans to marshal its food research and product development crews in a new downtown Winnipeg space. The privately-held, Winnipeg-based company announced Wednesday it will put up over $30 million to build what it calls the Richardson Innovation Centre, a four-story, 62,000-square foot facility to go up a block […] Read more
Soy Canada’s exposure limited in Richardson pullout
Reading Time: 2 minutes The industry group for Canada’s soybean sector faces relatively low exposure from a loss of funding by Prairie grain heavyweight Richardson International. The privately-held Winnipeg grain firm recently announced it would not renew its funding commitments to the Canola Council of Canada, Flax Council of Canada and Soy Canada. The company said its total annual […] Read more
Richardson won’t renew canola, flax, soy funding
Reading Time: 3 minutes One of Canada’s biggest grain companies is stepping out of three Canadian oilseed industry organizations — and taking its funding when it goes. Winnipeg-based, privately-held Richardson International has announced it will not provide funding in 2018 for the Canola Council of Canada and the Flax Council of Canada, nor will it renew its funding commitment […] Read more
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