AGT, Cargill Marketing Agreement
TORONTO - Jan 9/13 - SNS -- The U.S. subsidiary of Alliance Grain Traders Inc. (AGT), United Pulse Trading Inc. (UPT) has entered an exclusive five-year marketing arrangement with Cargill.
Under terms of the agreement, Cargill will be UPT's exclusive agent for the sales and marketing of pulse proteins in North America for the animal feed and pet food sectors, while UPT will become the exclusive supplier of these ingredients to Cargill for this sector for the term of the agreement.
UPT's Minot, North Dakota pulses ingredient processing facility is set to begin commissioning in late first quarter 2013. In a press statement, AGT said the plant will then "commence production in its first North American industrial scale, pulses ingredient processing and production facility producing protein, fibre, starch and flour derived from legumes including lentils, peas, chickpeas and beans for human food, food ingredient and animal feed including pet food applications."
Murad Al-Katib, AGT president and CEO, noted, "Whether for human consumption or for animal feed, pulses are nutrient dense, non-GMO, gluten-free, high protein and fibre products with a desirable combination and untapped potential for the global food market."
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