Singapore grain and pulse crop trader Agrocorp has gone into northwestern Alberta’s Peace region to add more grain processing assets to its Canadian operations.
The company announced last week it has bought the Falher Co-operative Seed Cleaning Plant at Falher, about 165 km northeast of Grande Prairie, for an undisclosed sum.
The co-operative’s shareholders recently approved the sale in a unanimous vote, Agrocorp said in a release Dec. 22.
The plant, set up in 1962 on Canadian National Railway (CN) track, handles cereals, pulses and other specialty crops and today has three full-time employees.
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As the harvest in southern Alberta presses on, a broker said that is one of the factors pulling feed prices lower in the region. Darcy Haley, vice-president of Ag Value Brokers in Lethbridge, added that lower cattle numbers in feedlots, plentiful amounts of grass for cattle to graze and a lacklustre export market also weighed on feed prices.
Agrocorp said the Falher plant “provides traction in a great growing area for grain, pulses and oilseeds (and) further build(s) upon long-standing partnerships in the Peace area.”
Further south, the company recently bought a grain handling facility on Canadian Pacific (CP) track at Innisfail, Alta., about 30 km south of Red Deer. The Innisfail site distributes feed grain to feedlots in the region and to the nearby Permolex ethanol plant.
The company, which operates a Canadian sales office in Vancouver, last year also completed and opened a new high-throughput pulse and specialty crop processing facility at Moose Jaw, Sask. [Related story]
Agrocorp, which also has offices in Australia, India, Indonesia and Myanmar, deals in cereals, pulses, oilseeds, cotton, sugar, edible nuts and animal feed, plus other commodities in the fertilizer, metals and energy sectors. — AGCanada.com Network
