Richardson International Signs Grain Handling Agreement With CWB

WINNIPEG, Canada, Aug. 1, 2012 (GLOBE NEWSWIRE) -- Richardson International Limited is pleased to announce that it has signed a grain handling agreement with the CWB effective August 1, 2012.

Under the new grain handling agreement, Richardson has committed to accept farmer deliveries of grain for CWB contracts at all of its locations, including its network of Richardson Pioneer grain handling facilities across Western Canada, Tri Lake Agri in Killarney, Manitoba and Westmor Terminals in Morinville, AB.
 
"Richardson is pleased to partner with the CWB and provide farmers with flexible marketing options - whether they are marketing their grain through the CWB or working with Richardson directly to sell their product to end-use customers around the world," says Curt Vossen, President of Richardson International. "This is one more pricing option that we can offer to our valued customers in this new grain marketing environment."

CWB president and CEO Ian White said this important alliance will serve Prairie grain farmers who want the benefits of CWB pools. "We congratulate Richardson for helping ensure the profitability of farmers and the western Canadian grain industry, as we forge ahead into a new marketing era," he said.
 
Richardson International is Canada's largest, privately owned agribusiness and has served farmers across the country for more than 150 years. Based in Winnipeg, Richardson has over 1,700 employees across Canada and is a worldwide handler and merchandiser of all major Canadian-grown grains and oilseeds.  Richardson is one of Canada's 50 Best Managed Companies and is recognized as a global leader in agriculture and food processing.