AGT Archives - Page 2 of 3

AGT’s privatization to proceed

By GFM Network News December 4, 2018

CNS Canada — AGT Food and Ingredients has announced a definitive agreement to take the publicly-traded Saskatchewan pulse and durum processing and export firm private. If all conditions are met, the deal is expected to go through in the first quarter of 2019. The buyer group, including AGT CEO Murad Al-Katib, Fairfax Financial Holdings Limited […] Read more

The Port of Churchill in 2015. (CNS Canada photo by Jade Markus)

Crops, Machinery

AGT sees ‘further port access’ in Hudson Bay deal

By GFM Network News September 4, 2018

The grain industry player in a deal to restore and restart the Hudson Bay Railway and Port of Churchill has factored the port’s access to Arctic tidewater into its business plan. Regina-based pulse processor AGT Food and Ingredients is one of the members of the Arctic Gateway Group, which on Friday confirmed a deal to […] Read more

Goods portside at Churchill in September 2015. (CNS Canada photo by Jade Markus)

Crops, Machinery, Weather

Hudson Bay rail line repairs to start ‘immediately’

By GFM Network News September 2, 2018

Off-and-on talks toward a new ownership group for the Hudson Bay Railway have produced a deal, which it’s hoped will lead to the line’s repair before this winter, federal officials announced Friday. Federal Trade Diversification Minister Jim Carr and Northern Affairs Minister Dominic LeBlanc announced the Arctic Gateway Group Limited Partnership has bought the Hudson […] Read more

Crops, Pulses

AGT managers seek to take company private

By GFM Network News July 26, 2018

CNS Canada — Plans are afoot to take publicly-traded Saskatchewan pulse and specialty crop processing firm AGT Food and Ingredients private. AGT, in a release Thursday, said it has received a non-binding proposal from a senior management group, led by company CEO Murad Al-Katib, to acquire all its issued and outstanding common shares. The proposal […] Read more

Crops, Machinery

Proposed deal ‘fallen apart’ for Hudson Bay Railway

By Grainews Staff, GFM Network News July 3, 2018

An acquisition deal-in-principle for northern Manitoba’s Hudson Bay Railway appears to have collapsed and the line’s current owners warn the railway may now be down for yet another shipping season. Hudson Bay Railway (HBR), a subsidiary of Colorado-based shortline operator OnmiTrax, announced Tuesday “it now appears that this transaction has fallen apart.” The proposed sale […] Read more

Crops, Machinery

Deal in principle announced for Churchill railway, port

By Grainews Staff, GFM Network News May 30, 2018

The federal government has announced an “agreement in principle” which will see a new partnership fix up northern Manitoba’s washed-out Hudson Bay Railway and take over the mothballed Port of Churchill. Details of the agreement were slim at best in the government’s announcement Wednesday, except to say the buying group slated to take over the […] Read more

Crops, Pulses

Pulse weekly outlook: Manitoba bean acres depend on soy

By GFM Network News March 20, 2018

CNS Canada — After Manitoba in 2017 grew its largest edible bean crop in more than a decade, a downturn could be expected in 2018. However, new-crop pricing opportunities look favourable and industry participants say it’s still too early to get a firm sense on seeding intentions. “The pinto market is long in terms of […] Read more

Crops, Markets, Pulses

India will continue to import Canadian pulses, AGT says

By GFM Network News January 19, 2018

CNS Canada — Pulse crop trade with India hasn’t been rosy lately but the head of a Canadian pulse shipping and processing company believes the tides will soon change. “India’s going to buy again this year. We’ll have to see what level but we think the recoveries are going to start slowly,” said Murad Al-Katib, […] Read more

Fibreco’s terminal at Port Metro Vancouver. (Fibreco.com)

Crops, Pulses

Vancouver port space secured for pulse processor AGT

By Grainews Staff, GFM Network News December 18, 2017

In need of ready access to West Coast tidewater, Prairie pulse crop processor AGT Food and Ingredients is set to work with the B.C. forestry sector to get it. Regina-based, publicly-traded AGT announced Monday it has reached a long-term terminal services agreement with Fibreco Export Inc., a wood fibre and canola meal exporter majority-owned by […] Read more

Crops, Pulses, Reuters

Pulse firm AGT sees resolution of India-Canada trade snag

By Rod Nickel, GFM Network News March 28, 2017

Winnipeg | Reuters — Canada’s AGT Food and Ingredients, one of the world’s biggest exporters of peas and lentils, expects India to extend an exemption for Canada within days from a crop fumigation policy that threatened to jeopardize $1.1 billion in annual trade of the food staples, CEO Murad Al-Katib said Tuesday. India’s current exemption […] Read more

U.S. grains: Soy futures set six-week low as China buys Argentine cargoes, snubs U.S.

U.S. livestock: Hogs rally ahead of USDA report

Canadian Barley Research Coalition pledges $1.8 million to USask Crop Development Centre

GFM Network News

U.S. grains: Soy futures set six-week low as China buys Argentine cargoes, snubs U.S.

U.S. livestock: Hogs rally ahead of USDA report

Canadian Barley Research Coalition pledges $1.8 million to USask Crop Development Centre

Tag Archives AGT

AGT’s privatization to proceed

AGT sees ‘further port access’ in Hudson Bay deal

Hudson Bay rail line repairs to start ‘immediately’

AGT managers seek to take company private

Proposed deal ‘fallen apart’ for Hudson Bay Railway

Deal in principle announced for Churchill railway, port

Pulse weekly outlook: Manitoba bean acres depend on soy

India will continue to import Canadian pulses, AGT says

Vancouver port space secured for pulse processor AGT

Pulse firm AGT sees resolution of India-Canada trade snag

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