The grain industry player in a deal to restore and restart the Hudson Bay Railway and Port of Churchill has factored the port’s access to Arctic tidewater into its business plan. Regina-based pulse processor AGT Food and Ingredients is one of the members of the Arctic Gateway Group, which on Friday confirmed a deal to […] Read more
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AGT sees ‘further port access’ in Hudson Bay deal
Hudson Bay rail line repairs to start ‘immediately’
Off-and-on talks toward a new ownership group for the Hudson Bay Railway have produced a deal, which it’s hoped will lead to the line’s repair before this winter, federal officials announced Friday. Federal Trade Diversification Minister Jim Carr and Northern Affairs Minister Dominic LeBlanc announced the Arctic Gateway Group Limited Partnership has bought the Hudson […] Read more
AGT managers seek to take company private
CNS Canada — Plans are afoot to take publicly-traded Saskatchewan pulse and specialty crop processing firm AGT Food and Ingredients private. AGT, in a release Thursday, said it has received a non-binding proposal from a senior management group, led by company CEO Murad Al-Katib, to acquire all its issued and outstanding common shares. The proposal […] Read more
Proposed deal ‘fallen apart’ for Hudson Bay Railway
An acquisition deal-in-principle for northern Manitoba’s Hudson Bay Railway appears to have collapsed and the line’s current owners warn the railway may now be down for yet another shipping season. Hudson Bay Railway (HBR), a subsidiary of Colorado-based shortline operator OnmiTrax, announced Tuesday “it now appears that this transaction has fallen apart.” The proposed sale […] Read more
Deal in principle announced for Churchill railway, port
The federal government has announced an “agreement in principle” which will see a new partnership fix up northern Manitoba’s washed-out Hudson Bay Railway and take over the mothballed Port of Churchill. Details of the agreement were slim at best in the government’s announcement Wednesday, except to say the buying group slated to take over the […] Read more
Pulse weekly outlook: Manitoba bean acres depend on soy
CNS Canada — After Manitoba in 2017 grew its largest edible bean crop in more than a decade, a downturn could be expected in 2018. However, new-crop pricing opportunities look favourable and industry participants say it’s still too early to get a firm sense on seeding intentions. “The pinto market is long in terms of […] Read more
India will continue to import Canadian pulses, AGT says
CNS Canada — Pulse crop trade with India hasn’t been rosy lately but the head of a Canadian pulse shipping and processing company believes the tides will soon change. “India’s going to buy again this year. We’ll have to see what level but we think the recoveries are going to start slowly,” said Murad Al-Katib, […] Read more
Vancouver port space secured for pulse processor AGT
In need of ready access to West Coast tidewater, Prairie pulse crop processor AGT Food and Ingredients is set to work with the B.C. forestry sector to get it. Regina-based, publicly-traded AGT announced Monday it has reached a long-term terminal services agreement with Fibreco Export Inc., a wood fibre and canola meal exporter majority-owned by […] Read more
Pulse firm AGT sees resolution of India-Canada trade snag
Winnipeg | Reuters — Canada’s AGT Food and Ingredients, one of the world’s biggest exporters of peas and lentils, expects India to extend an exemption for Canada within days from a crop fumigation policy that threatened to jeopardize $1.1 billion in annual trade of the food staples, CEO Murad Al-Katib said Tuesday. India’s current exemption […] Read more
Pulse crop sales to India dry up over pest-control plan
Winnipeg/Mumbai | Reuters –– Canadian exporters are slowing sales of peas and lentils to India, threatening $1.1 billion in annual trade of the food staples, over risk that New Delhi may reject shipments under its tougher approach to pest control. India requires shippers to fumigate crops with methyl bromide, an insect-killing gas, in the country […] Read more
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