May 02, 2013

02/05/2013: Viterra sells assets; large grain farms to be established for food safety in Azerbaijan; ADM makes pitch to grain growers

Viterra has completed the transfers of some assets to Richardson and CF Industries.Viterra Inc. The assets include certain Canadian grain elevators; agri-centres co-located with certain of the grain elevators; all oat milling assets and shares relating to Viterra's oat milling business in Canada.

Large grain farms will be established for food safety in Azerbaijan, Garib Mammadov, Chairman of State Land and Cartography Committee said.

According to Mammadov, 200-300 The ha plots of land were allotted for this purpose: "As the first state, 4,800 ha plot of land was allotted in Agjabadi and Beylagan Regions. The tender has also been announced. It is planned to get 50-55 centners of product from each ha applying modern melioration and irrigation, agro technique and agro chemistry".


Archer Daniels Midland Co. has opened its pitch to local grain growers and regulators, promising to maintain open access to grain export terminals and keep the up-country grain collection and storage network responsive to growers needs.

Patricia Woertz, ADM chairman has written to growers after the company decided to press ahead with a $3.4 billion takeover bid for east coast grains handler Graincorp following seven days of due diligence.




East view of the Viterra plant site, Edmonton,...
East view of the Viterra plant site, Edmonton, Alberta, Canada. (Photo credit: Wikipedia)

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