World Grain - August 2018 - 16

NEWSREVIEW

Australian grain groups merge
SYDNEY, AUSTRALIA - Grain Trade Australia (GTA) and the
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and effectiveness of industry representation within the grain industry
in Australia.
As part of the effort, AGEA said it will eliminate its current strucWXUHDQGUHIRUPDVWKH$XVWUDOLDQ*UDLQ([SRUWHUV&RXQFLO$*(&
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for representation being offered through GTA.
The new structure will allow the different councils to meet, form
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AGEA approached us with the desire to develop something new it
seemed like a great opportunity," said Peter Reading, chairman of
GTA. "GTA already has various committees but they are for speFL¿FSXUSRVHVZKHUHDV$*($ZDVVHHNLQJVRPHWKLQJWKDWZRXOG
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sector, inside GTA, so we built a model together that we are con¿GHQWZLOOSURYLGHWKHUHTXLUHGVSHFLDOL]DWLRQZKLOHDOVRZRUNLQJ

well for GTA's corporate and governance structure."
Lyndon Asser, president of AGEA, said the move to the new
structure made sense in light of the grain industry's need for streamlined representation.
"All of AGEA's members are also members of GTA and while all
DUHVLJQL¿FDQWH[SRUWHUVWKH\QRZKDYHVLJQL¿FDQWLQYHVWPHQWLQLQfrastructure and involvement in the domestic market, which emphasize the nature of the industry as it continues to change," Asser said.
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GTA was formed in 1991 to formalize commodity trading standards, develop and publish the trade rules and standardize grain
contracts across the Australian grain industry. GTA's role today is
to ensure the facilitation of activities across the grain supply chain.
Formed in 1980, AGEA is an independent, autonomous and not
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Two key Wilmar executives step down
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stepped down from the world's largest palm oil trading company on
July 3. The announcement came about a week after environmental
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Gama Plantation, a related palm oil business that Greenpeace claims
has been responsible for massive deforestation in Indonesia.
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forests campaign. "This is not just about Gama or Martua Sitorus. It's
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step is to prove its palm oil suppliers are clean by making them publish maps of all their concessions."
Greenpeace is calling on brands and traders to suspend business
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starting by publishing concession maps for all producer groups within its supply chain.
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collaborated on a number of other investments.

ADM, Aston launch joint venture
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Russia-based Aston Foods and Food Ingredients have successfulO\ UHFHLYHG DOO UHTXLUHG UHJXODWRU\ DSSURYDOV DQG ODXQFKHG WKHLU
MRLQWYHQWXUHWRSURYLGHVZHHWHQHUVDQGVWDUFKHVWRFXVWRPers in Russia.
Aston is one of Russia's largest agricultural and food ingredients businesses, with activities in farming, oilseeds crushing,
edible oils and grain origination, in addition to its sweeteners and
starches business unit.
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of the new joint venture, ADM and Aston will partner to own and
operate Aston subsidiary AKP, which includes a corn wet mill in
Ibred, as well as a sales office in Moscow.
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Ibred plant is strategically located to serve major customers in
the Russian food and beverage industry.
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worldwide," said Pierre Duprat, president, Europe, Middle East
16

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needs in Russia and meet anticipated growth in demand, both in
the local market and globally."
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under the name AKP and will be managed as a standalone entity.
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from the two parent companies. ADM and Aston's other businesses in Russia will remain separate.
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170 countries.
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August 2018 / World Grain / www.World-Grain.com
http://www.World-Grain.com
World Grain - August 2018

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