MarketsFarm — The first grain vessel of the 2020 shipping season is now at Manitoba’s northern Port of Churchill, according to Murad Al-Katib of the Arctic Gateway Group.
“We’ll have an active program on durum wheat and lentils going into the Mediterranean,” said Al-Katib, who’s also CEO of Regina-based AGT Foods, one of the group’s major partners.
There will be four vessels coming to Churchill this season, the same number as last year, he said. In 2019, about 137,000 tonnes of durum and lentils past through the port, which marked the first grain shipments in four years, according to the Hudson Bay Route Association.
Read Also
China rapeseed meal futures see largest one-day gain in almost three months after Xi–Carney talks
China’s most active Zhengzhou rapeseed (canola) meal futures posted their largest daily gain in nearly three months on Monday, after Canadian Prime Minister Mark Carney and Chinese President Xi Jinping met in South Korea last week without securing a breakthrough on tariffs.
Al-Katib said work is being carried out to stabilize the track bed. When under the ownership of Omnitrax, there were a number of washouts along the route that cut Churchill’s only land link. It wasn’t until the Arctic Gateway Group acquired the line and the port, that the link was re-established.
“We remain very optimistic that when we go forward into 2021 and beyond, that Churchill can start to get back into that eight- to 10-vessel range,” Al-Katib said, noting the group is working with the federal and provincial government to achieve that goal.
Shipments of grain through Churchill began to drop after 640,000 tonnes in 2013. The following year saw a 17.1 per cent decline, followed by a 65.2 per cent dive in 2015 before ending altogether due to the washouts.
— Glen Hallick reports for MarketsFarm from Winnipeg.
