Viterra ships record-breaking 7 million tonnes of grain through Australian ports

ADELAIDE, Australia – Viterra Inc. said Tuesday it shipped record volumes of grain through ports in South Australia state between last October and the end of July.

The Regina-headquartered grain handler said it exported 6.84 million tonnes on behalf of 14 customers in the state in the southern central part of Australia, which has seen enormous harvests recently.

The previous record was 6.69 million tonnes shipped between October and September of 2001-2002.

"The efficient operation of Viterra’s ports has ensured a highly competitive marketplace for South Australian grain and Viterra is committed to opening up new markets for Australian growers," said Mayo Schmidt, Viterra’s chief executive officer.

For instance, Schmidt said Viterra is expanding its international presence into Southeast Asia, and recently opened up a new marketing office in Ho Chi Minh City, Vietnam.

Meanwhile, the record shipments have enabled Viterra to clear grain from sites where there had been bottlenecks, so that they’re ready to handle another large harvest, said Rob Gordon, who heads Viterra’s Southeast Asia division.

Viterra expects solid shipping to continue through August and September in the lead-up to the 2011-2012 harvest.

Viterra (TSX:VT) has operations around the world in grain handling and marketing, agri-products and processing.

Shares in the company closed up 11 cents at $9.96 Tuesday on the Toronto Stock Exchange.

http://www.winnipegfreepress.com/business/agriculture/viterra-ships-record-breaking-7-million-tonnes-of-grain-through-australian-ports.html

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