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LDC to Acquire Emerald Grain in Australia

Emerald Grain has a network of seven grain storage and receival sites across New South Wales and Victoria

One of Emerald Grain's storage and handling facilities in Elmore, Australia. Photo courtesy of LDC.
One of Emerald Grain's storage and handling facilities in Elmore, Australia. Photo courtesy of LDC.

The Asian branch of Louis Dreyfus Co. (LDC) and Longriver Farms have entered into an agreement for the acquisition of Australian grain trader and bulk handler Emerald Grain by LDC.

“This development is aligned with LDC’s commitment to the Australian market, where LDC has been active for over a century, originating, processing and exporting grains, oilseeds and cotton, and with our strategic plans to further reinforce our leading position in core agri-commodities merchandizing activities,” said Michael Gelchie, LDC’s CEO.

Emerald Grain has seven grain storage, receiving sites in Australia

Emerald Grain has a network of seven grain storage and receival sites across the states of New South Wales and Victoria, with a combined storage capacity of approximately 1 million metric tons, as well as a grain export terminal at the Port of Melbourne and marketing offices in Geraldton, Western Australia and Moama, New South Wales.

“Emerald Grain’s grower and customer network will benefit from LDC’s scale and expertise in agricommodities, for a continued growth journey going forward," said Longriver Farms Director Brad Mytton.

Broad range of grain products for export

Emerald Grain has ties with 10,000 Australian farming families and an integrated supply chain. The company offers customers a broad range of grains products, including wheat, barley and canola, for export across Australia.

“This agreement is an opportunity for all Australian growers in our network to access LDC’s extensive global reach,” said Emerald Grain CEO David Johnson. “LDC’s leadership position in the global agriculture industry reflects its commitment to growers and customers alike, and we look forward to continuing our journey as part of the LDC family.”

LDC says it is one of the oldest continually operating grain trading company in the country.

"With Emerald Grain onboard, we look forward to continuing to support Australia’s farming community and grain industry, while reinforcing our origination network for key grains and oilseeds staples to meet growing customer needs worldwide,” added James Zhou, LDC’s Chief Commercial Officer and Head of Asia Region.

The agreement is subject to regulatory approvals and customary closing conditions.

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