Viterra sells US and Canadian feed mills

Viterra the Canadian grain handlers company has entered into a deal with a new company Hi-Pro-Feeds, selling its Canadian and North American livestock operations. The sale includes six feed mills and one pre-mix manufacturing plant in Canada, and six feed mills and a commodity blending site in the United States.

 “The company will continue to look for opportunities to grow its processing portfolio in industries where it can achieve scale and influence and this divestment will allow us to focus our capital on areas of greatest strategic impact,” president and chief executive officer Mayo Schmidt said in a release. Read more ...

This blog is written by Martin Little, The Global Miller, published and supported by the GFMT Magazine and the International Milling Directory from Perendale Publishers. To get your copy of  'PPLAPP' click here.

Australia canola faces stiff competition from Canada

Australian canola seed can only maintain its favourable market while it continues to complete on price in Europe. The canola a non GM crop from Australia has been one of the crops sold to Europe, but the worry is that with the importing of Canadian seed and the possibility of the European crops recovering, this could result in lower imports to Europe. Cargill's Katie Colvin  said "If we see a recovery in the European crop, and less import volumes are required, Australian seed will be competing against Canadian seed, which will result in the spreads narrowing." Read more ...

This blog is written by Martin Little, The Global Miller, published and supported by the GFMT Magazine and the International Milling Directory from Perendale Publishers.