August 12, 2008

Australia's Graincorp partners CHS to tap global markets

Grains marketer and handler Graincorp Ltd  has formed a strategic marketing alliance with the largest co-operative grains marketer in the US, CHS INC, to extend the reach of Australian durum wheat to global markets.

GrainCorp said CHS had strong linkages to millers and its global reach would provide access to new markets.

The alliance would benefit from GrainCorp's wheat desk, its upcountry grain accumulation and storage expertise and its road and rail logistics, according to GrainCorp managing director Mark Irwin.

Meanwhile, CHS Inc would bring their expertise as a leading durum marketer and processor, and the strong relationships they have with the world's leading durum processors, Irwin said, adding that Australia's durum industry would for the first time be able to leverage a strategic relationship with a truly global marketer.