World Grain - May 2021 - 73

WORLD GRAIN ARCHIVE

1991

Responding to the report of a special mission sent to Iraq to assess
the war-torn country's emergency
needs, the United Nations Security
Council voted in late March to lift
its embargo on shipments of food to
Iraq. In effect, the Security Council
said any nation wishing to ship food
to Iraq may do so provided that a
special committee administering the
embargo is notified that a shipment
is being made. The original sanctions imposed on trade with Iraq
remain in effect, except for the food
exemption.

2001

Noble Group Ltd., a Hong Kongbased supplier of industrial raw materials and shipping, has entered into
an agreement to acquire the Asian
commodity trading operations of
Andre & Cie, Lausanne, Switzerland, which filed for bankruptcy in
March. Noble said it was acquiring
the business, made up of 16 companies employing 250 people, for
a nominal sum as well as issuing a
guarantee of about $64 million in
favor of the creditor banks of Andre Asia Companies to support their
ongoing, underlying operations.
The acquired entities are mainly involved in supplying grain, soybeans
and soybean meal to countries in
Asia, with primary focus on Singapore, Australia, Japan, Indonesia,
Thailand, India, Pakistan, Myanmar, Vietnam and China.
Archer Daniels Midland Co. (ADM)
in April introduced a new corporate
logo, tagline and advertising campaign that the company said emphasizes its commitment to nature and
global agriculture. ADM said the
new corporate identity also signals
its increased emphasis on developing new and innovative products
based on natural, renewable resources. The new blue-and-green
leaf-shaped logo and tagline, " The
Nature of What's to Come, " reflect
World-Grain.com / World Grain / May 2021

ADM's corporate mission, which is
" to unlock the potential of nature
and improve the quality of life, " G.
Allen Andreas, chairman and chief
executive officer, said.
ConAgra Maple Leaf Milling Inc.
has announced plans to cease operations at its Buffalo, New York,
US, flour mill and grain elevator at
the end of June. The mill, which is
owned jointly by ConAgra Flour
Milling Co., Omaha, Nebraska,
US, and Maple Leaf Foods, Inc.,
Toronto, Canada, employs about 70
people.
Michel Fribourg, a dominant figure
in the international grain business
during his long tenure as chairman and chief executive officer of
Continental Grain Co., died April
10 in New York. He was 87 years
old. During five decades at the helm
of Continental Grain, Fribourg expanded his family's business into
more than 70 countries and transformed the company into one of
the largest agribusiness firms in the
world.
Australia's single desk arrangements for exporting wheat, managed by AWB Ltd., will remain
intact until 2004, according to Australia's Agriculture Minister Warren
Truss. But improvements will be
made to consent system currently
operated by the Wheat Export Authority, Truss said. He said the decision represented the government's
main response to the National Competition Policy review of the Wheat
Marketing Act of 1989. Under the
Act, the Wheat Export Authority
has until the end of 2004 to assess
the performance of AWB with regard to its use of the wheat export
rights.

2011

Glencore International AG, the
world's largest commodities trader,
plans to raise as much as $11 billion

from an initial public offering in
London and Hong Kong, according
to news reports. An IPO by Glencore, which changed its name from
Marc Rich & Co. after management
bought out former fugitive US financier Marc Rich in 1994, would
end more than three decades of being a closely held partnership.

1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997

Viterra Inc. and the Montreal Port
Authority (MPA) announced on
April 21 that they have signed a
definitive agreement for Viterra to
lease and operate the MPA Grain
Terminal. The terminal is a Canadian Grain Commission-licensed
transfer elevator that operates yearround and has a storage capacity
of 262,000 tonnes. The terminal,
which is located on the St. Lawrence River, is located in the deepest inland seaport in North America and has direct access to both
CN and CP rail networks. It also
provides direct shipping routes to
various destinations in Canada,
the United States and Europe.
Bunge Europe and Senwes Limited, a South African agribusiness
company, announced on April 1
that they have entered into a joint
agreement to develop grains and
oilseeds operations in South Africa that will supply the domestic market and export products to
other countries in Africa. Bunge
will provide its expertise in global
commodity markets as well as its
specialized international logistics
capabilities.

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World Grain - May 2021

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