US: Cargill and Dreyfus to end 10-year joint venture

Global commodities traders Cargill Inc and Louis Dreyfus said they will end a 10-year joint venture that operated grain export facilities in the U.S. Pacific Northwest within the next year, Reuters reported on July, 5.

Cargill and Dreyfus formed CLD Pacific Grain, LLC in 2001 to handle U.S. grain exports, primarily wheat to Asia.

Both companies said they plan to maintain a presence in the Pacific Northwest grain export market but have decided to take on a new approach to serving their customers.

The Pacific Northwest, the largest U.S. wheat export gateway, handles a variety of grains including soft white wheat, dark northern spring wheat, hard red winter wheat, club wheat, hard white wheat and barley.

Cargill facilities included an export facility in Portland, Oregon, and river elevators in Boardman and Arlington, Oregon; Burbank, Washington; and Lewiston, Idaho.

Dreyfus has an export facility in Portland, Oregon, and a river facility in Windust, Washington.

06 July, 2011