Bunge will be required to divest of six grain elevators in Western Canada and invest at least $520 million in Canada
Glacier FarmMedia – Following the approval of Bunge’s acquisition of Viterra on Jan. 14, stakeholders made their voices heard in a wave of reactions to the controversial merger. The acquisition of Regina-based Viterra by global agribusiness and food company Bunge has been in the works for some time, and the move has been met with […] Read moreTag Archives grain handling — page 3
Canada clears Bunge-Viterra merger
OTTAWA (Reuters) — Canada on Tuesday approved with conditions Bunge’s US$34 billion merger with Glencore-backed Viterra, clearing one of the final remaining obstacles for a global agriculture tie-up that is unprecedented in dollar value. The conditions for the approval include Bunge’s divestiture of six grain elevators in Western Canada and a binding commitment from Bunge […] Read more
New Richardson CEO steps in
Glacier FarmMedia – Succession takes effect today in the corner office at Richardson International, one of Canada’s biggest grain handlers and processors. Darwin Sobkow was announced Jan. 6 as the company’s new chief executive officer, effective Jan. 10 with the formal retirement of Curt Vossen, the company’s CEO since 1995. Sobkow served as chief operations […] Read more
EU’s clean marine fuel rules could raise shipping costs
Shipbrokers say the cost of the European Union’s new emission reduction efforts will likely be passed on to shippers
LONDON, U.K. (Reuters) — European Union marine fuel rules, effective from Jan. 1 as part of efforts to cut emissions, will raise shipping costs, although firms with vessels that can run on alternative fuels, such as biodiesel and liquid natural gas, will benefit, two shipbrokers said. The policy is the second major EU regulation focused […] Read more
CPKC overshoots grain revenue entitlement, CN comes up short
Total Western Canadian grain volume moved over crop year down 3.5 per cent
Glacier FarmMedia – Canadian National Railway Company (CN)’s grain revenue fell below its annual entitlement, and Canadian Pacific Kansas City Railway Company (CPKC) overshot its entitlement in the 2023-2024 crop year. That’s as per the Canadian Transportation Agency’s (CTA) ruling, announced on Christmas Eve in a news release. CPKC has 30 days to pay the […] Read more
CN workers ratify new deal
REUTERS — Unifor said yesterday that its members at Canadian National Railway have ratified a new four-year collective agreement, averting a potential strike action. Unifor, which represents more than 3,000 members at the railroad’s Council 4000 and Local 100 committees, said the agreement includes improvements to wages and benefits as well as job protections for […] Read more
Shippers dispute report that claims low grain freight rates
Saskatchewan farmers are told that a study claiming Canadian freight rates are among the lowest in the world is wrong
REGINA — A 2023 report claiming Canada has among the lowest rail freight rates in the world is inaccurate and misleading, said a lawyer who worked on a counter report. The Railway Association of Canada has relied on the first report to tout low rates. Chief executive officer Marc Brazeau again told the standing agriculture […] Read more
Driverless combines possible, but not for a while
A lot of other fully autonomous equipment will hit the field before automated harvesters do, says expert
Not long ago, a piece of farm equipment trundling through a field without need for a driver was front-page news. Today, autonomous technology still draws the crowds during farm show demonstrations and has been cropping up more and more — everywhere except on farms. John Deere’s website displays the promise of a fully autonomous tillage-tractor […] Read more
U.S. port strike ends leaving cargo backlog
Reuters — U.S. East Coast and Gulf Coast ports began reopening late on Thursday after dockworkers and port operators reached a wage deal to settle the industry’s biggest work stoppage in nearly half a century, but clearing the cargo backlog will take time. The strike ended sooner than investors had expected, weakening shipping stocks across […] Read more
Grain trade reputation on the line
Industry worries about what ‘double whammy’ labour disputes will mean for the country following Vancouver port strike
Glacier FarmMedia – Canada’s reputation in international grain markets took another hit when the most recent labour dispute shut down six grain terminals in Vancouver, industry says. Workers reached a tentative deal late last week, but transportation observers say the damage is being done. “Every two years, roughly, we end up with some form of […] Read more
