Process Management

News 462 views last update:6 Aug 2012

Toepfer and Elders start grain venture

German-based grain trader Toepfer Grain, an independent unit of ADM will team up with Australian firm Elders Ltd to undertake high volume exports of Australian wheat, barley and rapeseed/canola.

The joint venture, called Elders Toepfer Grain will mainly focus on the Asian region, but the Middle East would also be considered for exports. This will give Elders greater global reach, according to Elders Grain general manager, Mark Thiele.

For Toepfer the advances include that the company can offer Australian wheat, for example in tenders from Egypt and Iraq, which are traditionally large buyers of Australian grain.

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