GFM Network News

(Dave Bedard photo)

Viterra results offset Glencore’s improved year-end

Commodity giant Glencore’s efforts to ratchet down its debts paid off in fiscal 2016 — though “challenges” weighed on the ledger for its Viterra grain handling arm. Swiss-based Glencore on Thursday released preliminary results for 2016, booking net income attributable to equity holders of $1.379 billion on $152.948 billion in revenues, up from an $8.114 […] Read more

A mockup of IFFCO Canada’s proposed urea plant at Becancour, Que. (Guy Beauchesne graphic,

Quebec co-ops’ urea plant back on hold

Development of a major new nitrogen fertilizer plant in Quebec has returned to the back burner where it lived for much of the past year. The Canadian arm of the Indian Farmers Fertilizer Co-operative (IFFCO) and Quebec agrifood co-operative giant La Coop federee announced Monday they will again halt development work on their planned plant […] Read more