Tag: Bunge

Glencore eyeing acquisition of Bunge

Global commodity giant Glencore — the majority owner of Regina-based grain company Viterra — is looking to expand its agriculture business, and has approached Bunge about a possible takeover. In a statement on Tuesday, Glencore confirmed it has “made an informal approach to Bunge Limited regarding a possible consensual business combination.” Glencore notes “discussions may… Read more »

Bunge Not Contemplating Switching Southern Man. Canola Plant to Soybeans

A senior executive with Bunge North America says the company is not considering modifying its canola processing facility at Altona, Man. to process soybeans. While soybean acres on the eastern side of the prairies have climbed rapidly in recent years, with acres in Manitoba expected to exceed two million in 2017, processing capacity has remained small. The… Read more »

Bunge Shares Timeline for Repairs After Fire at Nipawin Canola Plant

Bunge has resumed taking canola deliveries after a fire last week at the company’s processing facility at Nipawin, Sask. Firefighters were called to the facility on Tuesday afternoon. The fire occurred in the crush plant. With canola harvest looming, the facility is partially operational, according to a Bunge spokesperson in St. Louis. “We plan to… Read more »

CWB’s Infrastructure Taking Shape — Answers to Farmer Ownership Questions Still Up in the Air

There’s no question the Canadian Wheat Board is establishing its physical presence in Western Canada, but farmers are still seeking answers to questions about how they will participate in owning the grain business controlled by G3 Global Grain Group — a joint venture between Bunge and a Saudi government investment company. A farmer equity trust… Read more »

Who is G3 and What are Their Plans for the CWB?

Less than three years after the end of the Canadian Wheat Board’s single desk, the CWB is on the verge of becoming a private grain company controlled by a joint venture between global grain business Bunge and the Saudi Agricultural and Livestock Investment Company — the Saudi Arabian government’s primary agricultural investment arm. The new alliance known… Read more »

Bunge Starting Up New Canola Crush Plant in Southern Manitoba

Bunge is finally starting operations at its new canola processing plant at Altona, Manitoba. “The edible oil refinery is operating and we are testing the crush plant,” confirmed Deb Seidel, a spokesperson for Bunge North America, in an email on Friday. The new facility is designed to process 2,500 metric tonnes per day — more than double the volume of… Read more »