World Grain - February 2023 - 12

NEWS REVIEW
Zimbabwe expanding grain storage capacity
HARARE, ZIMBABWE - The government of Zimbabwe
said it plans to spend more than $275 million over the next
three years to build new Grain Marketing Board (GMB) silos
and renovate and modernize older silos to serve increased
grain production, which is anticipated to reach 3 million
tonnes for 2022-23.
There are proposals for the construction of four 56,400-tonne
silo complexes at the Mvurwi, Kwekwe, Timber Mills and
Mhangura depots. Upgrading and automating existing facilities
at Banket and Lion's Den also is under consideration. In
a separate proposal, four silo locations of the same capacity
will be built at the Masvingo, Lupane, Raffingora and Bindura
depots.
The Strategic Grain Reserve (SGR) has a storage capacity
of 500,000 tonnes, and the government intends to raise it to
1.5 million tonnes. Zimbabwe currently has 12 silo plant sites
with a total holding capacity of 751,000 tonnes.
Edwin Zimunga, chief director for Agricultural Engineering,
Mechanization and Soil Conservation, said the government
is working with Aftrade of Belarus and the Bühler/African
Kernel acquires edible oils transshipment terminal
KYIV, UKRAINE - Ukrainian agribusiness Kernel Holding
SA has completed its purchase of " OilExportTerminal, " an
edible oils transshipment terminal in the port of Pivdennyi in
the Odesa region of the Black Sea, the company said.
According to the company's second quarter fiscal year 2023
operations update, the transaction was completed in December
and valued at $19.8 million. In addition to truck, rail and ship
loading capabilities, the terminal can accept and store separately
up to 49,404 tonnes of edible oils such as sunflower,
soybean and rapeseed.
ST. PAUL, MINNESOTA, US - Continued robust global
demand for commodities and market volatility led to strong
earnings across all business segments for CHS Inc. in the first
quarter of fiscal year 2023, ended Nov. 30, 2022.
CHS posted quarterly net income of $782.6 million compared
with $452 million in the first quarter of fiscal year 2022.
Revenues were $12.8 billion, which compared with $10.9 billion
in the same quarter a year ago.
Soybean and canola processing businesses in the Ag segment
benefited from strong demand for meal and oil.
Pretax earnings in that segment were $287.3 million, up
$900,000 from a year earlier. CHS said it saw lower margins
on its grain and oilseed commodities, driven by unfavorable
mark-to-market impacts as well as less favorable pricing for
agronomy products.
Volumes decreased across most of its Ag segment due to
numerous factors, including drought conditions in portions of
its trade territory.
12
February 2023 / World Grain / www.World-Grain.com
In addition to storage, Yuriy Pugach, production director at
Kernel, said the existing facilities are divided into four groups
able to discharge oils from road and rail transport. A project to
discharge oil from tank containers on railway platforms also
has been implemented.
The maximum unloading capacity at the terminal per day is
100 tank trucks with a total volume of 2,500 tonnes and 24 rail
tank trucks with a volume of 1,440 tonnes.
The maximum vessel loading speed is about 500 tonnes per
hour.
Robust global demand boosts CHS results in first quarter
Earnings improved significantly in the Energy segment, up
$327.4 million to a pretax total of $396.6 million. CHS attributed
the increase to higher refining margins driven by strong
demand in rural America and global market conditions.
Continental Free Trade Area (AfCFTA) Project Concept.
The construction will include high-capacity grain driers;
grading and grain conveyance systems; bagging-off equipment,
laboratory, storage sheds and cleaners.
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World Grain - February 2023

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