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Cargill Inc. is monitoring the unrest in Ukraine, the world’s third-largest corn exporter, as an antigovernment insurgency intensifies.
Cargill’s grain-export operations haven’t been affected, its Kiev office remains open and no employees have been directly affected by the unrest, spokeswoman Corinne Holtshausen said yesterday in an e-mail. The Minneapolis-based crop trader and processor, the largest closely held U.S. company, has adapted shifts and encouraged employees in Ukraine to work from home where appropriate to ensure safety, she said. Cargill has been in Ukraine for more than 20 years and employs 600 workers, according to its website.
More at Business Week
Pendleton Grain Growers, Inc. (PGG), a member-owned agricultural marketing and supply cooperative, has signed a non-binding letter of intent to investigate the possibility of an alliance with CHS, Inc.
According to a statement from PGG, after much research and consideration, the PGG board of directors has determined a new path that fits the cooperative’s immediate and long-term goals. PGG says an alliance with CHS would protect and strengthen member equity, serve the members’ best interests and provide additional opportunities for employees of PGG. The cooperative business model would continue to be supported by the availability of networks and services through CHS, as they are the nation’s leading farmer-owned cooperative and global energy, grains and foods company.
More at Wallowa.com
From the Northern View:
Tonnage moving through the Port of Prince Rupert was down in January compared to the first month of 2013, though there is positive news when it comes to Fairview Terminal.
Last month, 49,191.8 twenty-foot equivalents (TEUs) were moved through Fairview Terminal all together, which is down 5.3 per cent when compared to January 2013′s total TEU of 51,923.5.
Within that total, the number of loaded TEUs went up 12 per cent this January compared to last January, with 43,789.25 loaded TEU being moved through Fairview last month in contrast to 39,099.25 in January of 2013.
Source: Business Week
Source: Chicago Tribune
Source: ZNet
Source: The Wall Street Journal
Source: In These Times
Source: Philadelphia Business News
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