Articles

BROADGRAIN COMMODITIES ESTABLISHES TRADING OPERATIONS IN BUENOS AIRES, ARGENTINA

<p class="text-heading">May 1, 2017</p><p>BroadGrain Commodities, a leading Canadian-based global marketer of agri-products sourced around the world, is pleased to announce that it will be opening a new trading and origination office in Buenos Aires, Argentina. The office will open in June 2017 and will initially be operated by an experienced eight-person team with a solid track record of performance in the Argentinian agri-commodity market.</p> <p>&ldquo;This is a very exciting opportunity for BroadGrain as it supports our strategy of global and commodity diversification. While we have been buyers of Argentinian grain for many years, this new operation will now connect our destination markets with strong local origination capabilities in one of our key sourcing markets. The office represents BroadGrain&rsquo;s first physical presence in South America and bringing in a high performing, fully functional team will allow us to hit the ground running and quickly grow our footprint. &nbsp;In addition, the Argentina market presents an excellent opportunity to expand our specialty crops group, adding a key new geography to existing origination capabilities in North America, Africa and Asia&rdquo; commented Zaid Qadoumi, BroadGrain&rsquo;s President and Chief Executive Officer.&nbsp;</p> <p>&ldquo;We are very pleased to join the BroadGrain team and combine our knowledge of local Argentinian origination with BroadGrain&rsquo;s unique demand network overseas.&nbsp; We look forward to contributing to and being a part of BroadGrain&rsquo;s continued growth and success&rdquo; added Eduardo Yvorra, Head of BroadGrain Argentina.</p> <p>BroadGrain Commodities is a privately-owned Canadian corporation focused on domestic Canadian grain handling and international grain trading with revenues exceeding $700 million and annual volume of approximately 2 million metric tonnes. BroadGrain is headquartered in Toronto, with principal domestic trading offices in Stratford, Ontario and Winnipeg, Manitoba. The BroadGrain group of companies has international offices located in Jordan, Ukraine, Nigeria, China, UAE and Algeria.&nbsp; The group has Canadian elevator and processing assets in Seaforth and Brinston, Ontario and a processing facility in Dafoe, Saskatchewan, a processing facility in Kano, Nigeria and a feed mill under construction in Setif, Algeria.</p>