World Grain - March 2018 - 109

WORLD GRAIN ARCHIVE

1988
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FRPSOH[DW/X+HQHDU%HLMLQJ&KLna, is to be equipped by Henry Simon
Ltd. of Stockport, U.K. The contract,
valued at £3.5 million, was awarded
by the Beijing Grain Bureau.
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According to Henry Simon, it will
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be built in China with equipment
from a foreign supplier since Henry
Simon built the original No. 3 Mill
in Shanghai in 1929.
ZEN-NOH, Japan's farmer cooperative, announced that it would
UHWDOLDWH DJDLQVW D 'HFHPEHU UXOLQJ
by a special General Agreement Tariffs and Trade (GATT) panel, which
declared Japanese barriers to 10 processed food items were illegal under
GATT. ZEN-NOH said it would
reduce its purchases of U.S. feed
grains by 20%. Feed grains were not
part of the food items involved in the
GATT ruling.
In response to ZEN-NOH's announcement, the U.S. Feed Grains
Council made clear its objections
to ZEN-NOH's decision and announced that it will call an emergency meeting of the Trade Policy
Coordinating Committee to address
the issue. The committee is made up
of major U.S. feed grains producer
groups.

1998
Warren R. Staley
has been elected
president and chief
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Cargill, Inc., Ernest
S. Micek, chairman
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Staley
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In the same announcement, Micek
also said F. Guilaume Bastiaens had
been elected vice-chairman, in ad-

dition to his role as president of the
Food Sector.
Staley, who previously was corSRUDWH H[HFXWLYH YLFHSUHVLGHQW
will continue as president of the
company's Latin America Meat
Sector. He joined Cargill in 1969
and has held positions in maize
milling in the United States and Europe, as manager of Cargill S.A. in
Argentina, and in the cattle-feeding
and worldwide feed business. Bastiaens joined Cargill in 1967 and held
several processing and plant operations positions in Europe and the
United States.
"This is an important step for Cargill's future," Micek said. "We are
deploying our senior management
team to bring the best leadership
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continues to grow its trading, processing and geographic capabilities
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wheat futures at MGEX. The close
of $24 a bushel and the intra-day
high of $25 easily eclipsed any previous record. Other wheat futures
set highs on Feb. 26, including the
KCBT May contract, which closed
at $12.65 a bushel, the CBOT May
contract, which closed at $12.14 a
bushel, and the MGEX May contract at $18.43 a bushel.

After recently increasing its grain
handling capacity by more than 50%
through the acquisition of facilities previously owned by Agricore
United, James Richardson International Limited (JRI) in February
announced plans to proceed with
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the Canadian provinces of Manitoba,
Saskatchewan and Alberta.
The Mollard, Manitoba, facility
will see its capacity increased by
40% through the addition of 10,000
tonnes of storage space. The facilTomkins PLC in mid-February ity in Starbuck, Manitoba, will have
announced the agreement to acquire its rail capacity increased to accom6SLOOHUV ÀRXU PLOOLQJ RSHUDWLRQV modate 112 railcars from its current
from Kerry Group PLC for £92 mil- 56-car capacity.
lion in cash. The acquisition was anThe Canora, Saskatchewan, fanounced less than one month after cility will see its storage space
the Kerry Group acquired the Spill- H[SDQGHG E\ WRQQHV HIIHFHUVÀRXUEXVLQHVVIURP'DOJHW\3/& tively doubling its storage capacity.
7KH DFTXLVLWLRQ FRPSULVHV VL[ Pioneer Grain's Carseland, Alberta,
ÀRXU PLOOV LQ $YRQPRXWK %LUNHQ- facility will increase its operational
head, Cambridge, Liverpool, New- capacity by nearly 45%. Similarly,
castle and Tilbury, England, and the Pioneer Grain's Lamont, Alberta,
Fleming Howden bakers supply op- location will see its storage capaceration in Scotland. Tomkins' Rank ity increased by 57% through a
Hovis subsidiary, acquired in 1992, WRQQHH[SDQVLRQ
LV RQH RI WKH 8.¶V OHDGLQJ ÀRXU
miller with 11 mills.
The price of Italian durum wheat
registered a 154% year-on-year in2008
crease to €490 ($716.97) per tonne,
according to data of the Italian
Wheat futures at the Kansas City PHUFDQWLOH H[FKDQJH %RUVD 0HUFL
Board of Trade (KCBT), Minne- Telematica Italiana (BMTI). ItalDSROLV*UDLQ([FKDQJH0*(;DQG ian durum wheat currently covers
Chicago Board of Trade (CBOT) set 67%, or 3.7 million tonnes, of the
new record highs in late February.
domestic demand, equal to 5.5 milThe all-time high for any wheat lion tonnes. The price of imported
futures contract was established durum wheat went up 69.3% year
on Feb. 25 during trading in spring on year, BMTI said.

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