(Dave Bedard photo)

Saudi Arabia boosts stake in G3 Canada

Winnipeg | Reuters — Saudi Arabia’s agriculture company has taken control of the majority investor in grain handler G3 Canada Ltd., according to a filing, reducing Bunge Ltd.’s stake and strengthening the kingdom’s efforts to secure food supplies. G3 Global Holdings, the joint venture of U.S. agribusiness Bunge and Saudi Agricultural and Livestock Investment Co. […] Read more

The Nile River at Cairo. (CIA.gov)

‘Unorthodox’ agriculture policies seen costing Egypt

Chicago | Reuters –– Egypt, the world’s top wheat importer, faces US$860 million in extra costs and lost export opportunities this year because of “unorthodox agricultural measures,” including a zero-tolerance policy on ergot fungus in wheat, the U.S. Department of Agriculture said Thursday in a report. The report, from a USDA attache in Cairo, criticized […] Read more



Sunset in Egypt on the Nile River south of Luxor. (CIA.gov)

Egypt rejects Canadian wheat shipment over ergot

Abu Dhabi | Reuters –– Egypt’s agricultural quarantine authority has rejected a shipment of Canadian wheat, saying it contained traces of the fungus ergot, a trade source said and official documents obtained by Reuters showed. The move by the quarantine authority is the latest in a series of rejections, which have caused serious concerns over […] Read more





G3 CEO Karl Gerrand, shown here in April in Winnipeg, said the company isn’t particularly interested in making a move on Glencore’s Viterra assets. (Dave Bedard photo)

Not much interest in Glencore ag assets at grain firm G3

Winnipeg | Reuters –– Grain handler G3 Canada, a joint venture between a Saudi Arabian firm and Bunge Ltd., doesn’t have much interest in bidding for a stake in rival Glencore’s agricultural business, its chief executive said Tuesday. Swiss-based Glencore, the trader and miner whose shares have been battered by the commodities slump, is looking […] Read more