Viterra to acquire assets from Cargill
NewsViterra will acquire five storage and handling sites, and a mobile ship loader from Cargill, pending ACCC and FIRB approval, aiming to reduce freight rates.
In two weeks, the US wheat market has traded down US$22/t, as reports of sluggish US exports, improving new crop prospects in some areas and talk of Ukrainian export corridors being set up weigh on prices.
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