Global trading house Cargill said on Tuesday it plans to cut around five per cent of its staff, or about 8,000 jobs after revenue slumped in its most recent fiscal year as crop prices hit multi-year lows.
Tag Archives grain companies
Commodities trading giant Cargill plans to cut around 8,000 jobs
Comment: The return of the Wheat pool?
The time might be ripe for a revival of Prairie co-ops
When Bunge announced its intention to purchase Viterra — the Regina-based grain handling subsidiary of Swiss mining giant Glencore — in June 2023, it represented another milestone in the slow but steady erasure of Saskatchewan’s long history with the wheat pool co-operative. Saskatchewan Wheat Pool, the once-mighty agricultural co-operative that became Viterra, is remembered by
Editor’s Take: Coming and going
Farmers and the grain trade may have many common interests, but they are not perfectly aligned
What’s the right amount of oversight in Canada’s grain quality assurance system? That’s the fundamental question at the heart of an ongoing review of the Canadian Grain Commission and Canada Grain Act. As our Allan Dawson reports, many in the grain trade want to see the regulatory burden lighten. The Western Grain Elevator Association, which
Mixed messages: Declining order fulfilment accompanies grain shipping record
Increased grain production means new records are needed to move the crop, shippers say
Canada’s two main railways keep breaking grain movement records, but oddly, on-time car delivery has fallen compared to the same period last crop year. It’s counterintuitive, but the explanation is simple: grain companies have ordered 13 per cent more cars this crop year, and the railways, while setting records, aren’t keeping up with the increased
Handlers focus on keeping grain moving despite COVID-19
Grain companies, Canadian Grain Commission working but unsure of future
Canada’s grain companies are committed to keeping grain moving to domestic and export customers, but how the spread of COVID-19 might affect business is still an unknown, says Wade Sobkowich, executive director of the Western Grain Elevator Association. “We are are going to do everything in our power to keep grain moving at this time,”
Grain Commission’s chief announces retirement
AAFC's review of Grain Act, and of CGC's future, continues
The Canadian Grain Commission (CGC) is seeking a new chief commissioner. Patti Miller, who has held the position for three years, announced Tuesday to CGC staff that she will retire June 26. Agriculture and Agri-Food Canada (AAFC) “will be launching an open, transparent and merit-based process to find a new commissioner as soon as possible,”
CN reports grain movement back at pre-strike pace
Canadian National Railway’s grain shipping is back to its pre-strike pace, the railway says. “By the second week of December (week 19), CN returned to shipping at peak levels, as well as taking on all customer hopper demand for the second and third weeks of December,” Montreal-based CN said in a release Thursday. “Despite a
Elevator operators seek quick end to CN strike
The Western Grain Elevator Association (WGEA) wants grain shipments on Canadian National Railway (CN) to resume as soon as possible. “It has a major impact for every day that we’re not moving grain on CN,” WGEA executive director Wade Sobkowich said in an interview Tuesday. “A federal mediator has been appointed and that’s a step
Editorial: Interests aligned?
Canada’s major grain companies — through their industry voice the Western Grain Elevator Association (WGEA) — have come out swinging against a discussion paper that puts analytical testing on the table (see Allan Dawson’s front-page story). The Canadian Grain Commission has been reviewing whether falling number and tests for the mycotoxin deoxynivalenol (DON) would serve
Canola Council resets course for ‘efficiencies’
Facing new limits on available funding, Canada’s canola value chain organization plans to refocus its work on its “core strengths” and collaborate with other players. The Canola Council of Canada on Wednesday announced a revised work plan, coming out of a “priorities review” undertaken after one of Canada’s biggest grain companies called a halt to
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