CALGARY, ALBERTA--(Marketwire - June 21, 2012) - Viterra Inc. (Viterra) (TSX:VT) (ASX:VTA) and the Canadian Wheat Board (CWB) today announced a grain-handling agreement to serve farmers and end-use customers in the new western Canadian grain-marketing environment beginning August 1.
"We are very pleased to forge a new alliance with Viterra that will greatly assist the CWB in marketing farmers' grain through our pool programs," said CWB president and CEO Ian White. "Access to Viterra facilities means farmers now have a wide range of locations to deliver the grain they contract with CWB."
Under the commercial agreement, Viterra will accept deliveries of grain that farmers commit to CWB contracts at all Viterra locations across Western Canada. The agreement also includes port handling services.
"This agreement provides growers with access to the CWB pool programs for wheat, durum, and barley, and to Viterra's comprehensive logistics network across Western Canada" said Fran Malecha, Viterra COO, Grain.
Viterra provides premium quality ingredients to leading global food manufacturers. Headquartered in Canada, the global agri-business has operations across Canada, the United States, Australia, New Zealand and China, as well as a growing international presence that extends to offices in Japan, Singapore, Vietnam, Switzerland, Italy, Ukraine, Germany, Spain and India. Driven by an entrepreneurial spirit, Viterra operates three distinct business segments: Grain Handling and Marketing, Agri-Products and Processing. Viterra's expertise, close relationships with producers and superior logistical assets allow the Company to consistently meet the needs of discerning end-use customers, helping to fulfill nutritional needs around the world.
CWB is one of the largest wheat and barley marketers in the world. As Canada's biggest grain exporter, the Winnipeg-based organization has sold grain to over 70 countries, based on a reputation for high-quality product, reliable service and trusted international relationships. It continues to offer a range of marketing programs to Canadian farmers, including its popular pool contacts, providing solid returns and significant risk-management benefits.