World Grain - May 2019 - 89

WORLD GRAIN ARCHIVE

1989
Continental Grain Co., New York,
New York, U.S., and Quincy Soybean Co. Inc., Quincy, Illinois, U.S.,
have formed a new partnership to
be known as Conti-Quincy Export
Co. Conti-Quincy will market U.S.
soybean products to overseas customers. The new company will be
headquartered in New York.
Conti-Quincy Export Co. will
export soybean products produced
in Quincy Soybean's two processing plants in Quincy and Helena,
Arkansas, U.S., and in Continental's Guntersville, Alabama, U.S.,
processing plant. The company also
will export soybean products from
other U.S. processors.
Louis Dreyfus Corp. has moved its
KHDGTXDUWHUVIURP6WDPIRUGWR:LOton, Connecticut, U.S., where the
company has acquired an existing
RI¿FH FRPSOH[ LQ D DFUH SDUN
like setting.
Housed at the company's new
headquarters are about 265 employees engaged in various aspects of
the company's worldwide commodity trading business. Founded as a
grain trading organization, Louis
Dreyfus in recent years has expanded into activities encompassing all
major grains and oilseeds, livestock
and livestock products, cotton, sugDUDQG¿QDQFLDOLQVWUXPHQWV

1999
Ernest Micek, the 63-year-old
chairman and chief executive of¿FHU RI &DUJLOO DQQRXQFHG WKDW KH
will retire in August 2000. His successor as CEO, effective June 1, is
:DUUHQ 5 6WDOH\ FXUUHQWO\ SUHVLdent of Cargill.
³:DUUHQEULQJV\HDUVRIH[SHrience with many Cargill businesses
and locations, and he has been a critical factor in our march into more
value-added businesses and servic-

es," Micek said. "He has a steady
KDQGDQGDQH\HRQWKHIXWXUH:LWK
a strong board of directors behind
us, we'll manage a smooth transition for our associates, our customers, our suppliers, and our communities all over the world."
The company is waiting for the
go-ahead from the U.S. Department
of Justice to complete the acquisition of the worldwide commodity
marketing business of Continental
Grain Co.
Global cereals output is failing to
meet expected demand in 1999,
sending reserves below levels needed to assure world food security, the
U.N. Food and Agriculture Organization (FAO) said in its recent bimonthly Food Outlook.
In its initial forecasts for 1999,
the FAO put overall production at
1.85 billion tonnes, down from last
\HDU¶V ELOOLRQ WRQQHV :RUOG
wheat output was estimated at 580
million tonnes, down 3% from
1998, and coarse grains were forecast at 890 million tonnes, down
about 2%. Rice output was estimated to increase marginally to 380
million tonnes from 375 million
in 1998.
"If current forecasts materialize,
FHUHDO RXWSXW ZRXOG QRW EH VXI¿cient to meet consumption requirements in 1999-2000 and global
cereal stocks accumulated in the
last two seasons would have to be
drawn down to below safe levels,"
the FAO said.

2009
Cargill and GrainCorp Ltd. have
agreed to end a seven-year grain
buying joint venture after the removal of the bulk wheat export
monopoly in Australia in July 2008
has made the two companies competitors.
As part of the agreement, Cargill
will buy GrainCorp's 50% share

www.World-Grain.com / World Grain / May 2019

in Australian Grain Accumulation
Services (AGA) for an undisclosed
amount. AGA will continue to operate as a wholly-owned subsidiary
of Cargill Australia under its current name and in its current form to
buy grain and oilseeds from Australian farmers.
The two companies will maintain their milling joint venture Allied Mills.

1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994

Richard Sugden, one of the leading
¿JXUHVLQWKH%ULWLVKPLOOLQJLQGXVtry for many years, died on Feb. 11.
He was 99.
Sugden was a fourth-generation
miller for a well-known Yorkshire
family that had an established millLQJEXVLQHVVLQ%ULJKRXVH7KRPDV
Sugden & Son Limited. In addition
to serving in the family business,
Sugden founded the Young Miller
Section of The National Association
RI%ULWLVKDQG,ULVK0LOOHUVQDELP
,QWKHHDUO\V*DU¿HOG:HVWRQ
acquired 30 former independent
PLOOV LQ %ULWDLQ DQG 1RUWKHUQ ,UHland, including the Sugden mill
for this Associated Foods Group.
:HVWRQ DSSRLQWHG 5LFKDUG 6XJGHQ
as managing director of this new
subsidiary group initially called
Food and General Holdings and
later renamed Allied Mills Ltd.
Corn Products International, Inc.
announced on April 7 that Ilene
Gordon was named chairman, presLGHQWDQGFKLHIH[HFXWLYHRI¿FHUHIfective May 4, succeeding Samuel
C. Scott III, who is retiring after 35
years with the company.

1995
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World Grain - May 2019

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