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
Saudi Arabia boosts stake in G3 Canada
Glencore in talks to sell further stake in ag unit
Reading Time: 2 minutes London | Reuters — Commodity trader and miner Glencore is in talks to sell a further 9.9 per cent stake in its agricultural unit, negotiating with bidders that missed out on the 40 per cent sold to the Canada Pension Plan Investment Board (CPPIB), two sources with knowledge of the matter said. Glencore, whose ag […] Read more
CPP reported in talks for stake in Glencore agribusiness
Reading Time: < 1 minute Reuters — Commodity trading and mining firm Glencore is in advanced talks to sell a stake in its agricultural business to the Canada Pension Plan Investment Board (CPPIB), the Wall Street Journal reported, citing people familiar with the matter. The CPPIB would take a stake of up to 40 per cent, valuing the business at […] Read more
Saudi dairy firm buying California land for fodder
Reading Time: < 1 minute Reuters –– Saudi Arabia’s Almarai, the largest dairy company in the Gulf, has spent C$45 million to buy land in California to supply its business with alfalfa hay, it said Sunday. The 1,790 acres of land at Blythe — in the state’s southeast corner, about 200 km east of Palm Springs — was acquired through […] Read more
Brazil looking to open Canadian, Saudi Arabian fresh beef markets
Reading Time: < 1 minute Brasilia/Reuters – Brazil is working on a deal to open the Canadian market for fresh beef in the second half of 2015 and is in the final phase of opening the Saudi Arabian market, the agriculture ministry’s secretary of international relations said on Monday. Brazil also expects a final deal to export beef to Japan […] Read more
Saudi Arabia bans Ont. poultry, egg products
Reading Time: < 1 minute Reuters — Saudi Arabia, the world’s second-largest importer of chicken broiler meat, has banned imports of poultry meat and egg products from Ontario due to the presence of avian flu on three Ontario farms. The market was worth about $825,000 in 2014, representing 0.4 per cent of Ontario’s poultry exports, said Patrick Girard, spokesman for […] 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
UN team investigates Saudi surge in deadly MERS virus
Reading Time: 2 minutes London | Reuters –– An international team of United Nations human and animal health experts has flown to Saudi Arabia to investigate a recent surge in cases of a deadly virus causing Middle East respiratory syndrome (MERS). Speaking from Riyadh on Friday, a spokeswoman for the World Health Organization-led team said it was worried by […] Read more
A message from April Stewart, Country Guide's Associate Editor
