Tuesday, June 26, 2012

New grain trader

The end of the Canadian Wheat Board monopoly has attracted a new competitor into the Canadian market for grains and oilseeds.
Olam International of Singapore is partnering with Lansing Trade Group of Kansas City to launch the business. Olam is a major food-processing company.
The partners in Lansing Olam Canada said their complementary strengths provide "a strong platform to establish a meaningful position in the liberalized western Canadian grains marketplace."

This is just one example of how regulated marketing, including supply management for dairy and poultry farmers, keeps competitors and innovation out of the marketplace. How many opportunities have Canadians lost? We will probably never know.