While the Competition Bureau won’t speculate or comment on a hypothetical transaction, such as the purchase of grain company Viterra by grain giant Bunge, it’s hard to imagine a scenario where the Bureau would not eventually be involved in ruling on the deal. Under the Competition Act, transactions of all sizes are subject to review… Read More
Tag: Bunge
American grain giant Bunge and Viterra, owned by Switzerland’s Glencore, are reportedly in talks to become one super grain company. In a reversal of a few years ago, this time it appears it is Bunge setting out to take on Viterra to create a company that would have extensive assets in nearly every grain type… Read More
Corteva, Bunge, and Chevron have partnered on a commercial collaboration to introduce proprietary winter canola hybrids for the U.S. market. The collaboration is focused increasing the availability of vegetable oil feedstocks primarily for the growing domestic renewable fuels market. “We’re pleased to work with Bunge and Chevron to bring a new option in the southern U.S…. Read More
Bunge Limited is investing C$30 million in a plant-based protein production facility that’s under construction in Winnipeg, Manitoba. The multinational agribusiness is acquiring a minority stake in Merit Functional Foods, which is slated to begin producing novel pea and canola protein ingredients for human consumption at its new plant by December of this year. “We’re… Read More
Corteva Agriscience, Bunge, Botaneco, and Protein Industries Canada have announced a canola breeding project worth more than $27 million. The canola hybrid program will be the first of its kind, as it is the first commercial breeding project explicitly focused on protein quality improvement of the oilseed. Higher protein canola meal will result in new,… Read More
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
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 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
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
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 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