Sp081c08.indd

C8 BUSINESS The StarPhoenix Saskatoon, Saskatchewan Thursday, June 8, 2006 SaskCan trading has strong pulse
❑ Regina ABEX winner deen-area producers and the company has become also brought over skilled immigrant workers from lentils instead of the green Laird lentils that previ-
known for cleaning and selling pedigreed seed for Turkey who were familiar with operating the split- ously dominated the province’s lentil acreage, even pulse crops as well as doing “toll processing” for ting equipment.
though 80 per cent of world consumption is in red other companies, according to plant manager Mer- Speaking from Washington, D.C., where he was lentils.
attending meetings aimed at seeing how the U.S. “Our forecast is that red lentils will be the largest By Murray Lyons
The Aberdeen facility has a staff of seven.
Farm Bill might affect the future direction of pulse class of lentils grown in Canada this year and that’s SP Business Editor
Al-Katib says the cost of buying into the company crop prices, Al-Katib says the company is better the fi rst time in history,” he said.
will not be revealed, but he says SaskCan is pre- positioned now to buy crops from pulse producers “When we started splitting reds (Saskatchewan) The lentil processing and exporting fi rm that was pared to spend substantial dollars on colour sorting from the central part of the province’s grainbelt, or was growing just 20 per cent red lentils,” he said. Saskatchewan’s ABEX Business of the Year in 2004 to improve the Aberdeen facility’s export capacity the “north of Davidson” area as Al-Katib describes “This year, some forecasts are up to 50 per cent reds. is expanding its reach across Saskatchewan.
to meet European standards. It also plans to do lentil it, referencing the town in which he grew up.
That’s a real transformation in the industry.” SaskCan Pulse Trading Inc. of Regina is buying a splitting in Aberdeen within a year.
“North of Davidson has become an important part SaskCan and other processors and exporters have 55 per cent interest in Horizon Seed Processors of “We’ve already procured some equipment so of our business and we’re sourcing as much grain sold out the red lentil crop from Canada in the past Aberdeen, located 30 kilometres northeast of Sas- we’ll be doing a processing plant upgrade immedi- out of that region as we do out of Regina,” he said. three seasons. Al-Katib says his company has spe- ately and then we are starting design on the splitting Besides the interest in the Aberdeen facility which cialized in splitting the red lentils, but it also has buy- Murad Al-Katib, SaskCan’s president, says the phase,” he said.
will now be called SaskCan Horizon, SaskCan also ers for whole red lentils which the Horizon facility acquisition will broaden SaskCan’s reach into the SaskCan sells split red lentils to Turkey and other has invested in a processing facility in Rosetown that can help serve. As well, the Aberdeen facility gives midsection of the province’s grainbelt and increase Mediterranean countries. Its main processing plant used to be owned by Saskatchewan Wheat Pool.
SaskCan inroads into the pea industry.
the company’s capacity to export red lentils, its main in Regina uses proprietary equipment imported from While keeping an eye on whether U.S. subsidies “We’re now in the heart of pea country,” he said. product. It will also add to the company’s process- Turkey to split and oil the red lentils before export. are changing the price outlook for pulse crops, Al- “We’re now splitting a signifi cant amount of peas at ing capacity in fi eld peas.
SaskCan’s Regina plant was built with equity from Katib says one promising sign for Saskatchewan our Regina plant, so peas are becoming as important Horizon was founded 10 years ago by six Aber- Al-Katib’s partners in Turkey. As well, the company is that farmers are seeing the value of growing red to us as lentils.” Distributed by
Thomson Financial and FP Data Group
Quotations in dollars. *-trades in US funds, a- spin-off company distributed as shares, c-stock consolidation in the last year, h-shares carry unusual voting rights, n-newly listed in the last year, s-stock split in the last year, x-trading ex- dividend, z-Tier 1 companies. Change is from Volume High Low Last Chng
CanasilRs 400 0.36 0.32 0.32Candorad 2500 0.195 0.195 0.195 +0.01 TriumphGld z 3450 0.125 0.115 0.115 -0.02 PetrostarPete 2240 0.175 0.165 0.17 +0.01 Minaean 100 0.23 0.23 0.23 +0.03Mindoro z IntHiTech 350 0.59 0.59 0.59 -0.01Intl KRL ProlabTchSV h z 32 0.075 0.075 0.075 -0.01 Goldbelt 268 1.14 1.08 1.14 -0.06GoldbrkVt z SOYBEAN MEAL
LIVE CATTLE
NorwoodRs 210 1.29 1.23 1.26 +0.01 RAPESEED
FEEDER CATTLE
ALBERTA BARLEY
LkCmmnsMV h z 100 0.115 0.115 0.115 +0.01 ORANGE JUICE
LIVE HOGS
WINNIPEG WHEAT
PORK BELLIES
168 2.64 2.53 2.53 -0.06 KANSAS CITY WHEAT
CRUDE OIL
MINNEAPOLIS GRAIN EXCHANGE
SPRING WHEAT
UNLEADED GASOLINE
TREASURY BONDS
Argentina peso . . . . . . . . . . . . . . . .0.37210 Haiti gourde . . . . . . . . . . . . . . . . . . .0.0299 Romania leu . . . . . . . . . . . . . . . . . . . .0.386 Australia dollar . . . . . . . . . . . . . . . . .0.8548 Hong Kong dollar . . . . . . . . . . . . . . .0.1486 Russia rouble . . . . . . . . . . . . . . . . . .0.0428 HEATING OIL
Bahamas dollar . . . . . . . . . . . . . . . .1.1350 Hungary forint . . . . . . . . . . . . . . . .0.00559 Saudi Arabia riyal . . . . . . . . . . . . . . .0.3099 Bahrain dinar . . . . . . . . . . . . . . . . . .3.0498 India rupee . . . . . . . . . . . . . . . . . . .0.02503 Singapore dollar . . . . . . . . . . . . . . . .0.7220 Barbados dollar . . . . . . . . . . . . . . . .0.5834 Indonesia rupiah . . . . . . . . . . . . .0.000123 Slovakia koruna . . . . . . . . . . . . . . . .0.0390 Bermuda dollar . . . . . . . . . . . . . . . .1.1350 Israel new shekel . . . . . . . . . . . . . . .0.2570 Slovenia tolar . . . . . . . . . . . . . . . .0.006133 NATURAL GAS
Brazil real . . . . . . . . . . . . . . . . . . . . .0.5097 Jamaica dollar . . . . . . . . . . . . . . . . .0.0187 South Africa rand . . . . . . . . . . . . . . .0.1725 Bulgaria lev . . . . . . . . . . . . . . . . . . .0.7512 Japan yen . . . . . . . . . . . . . . . . . .0.010149 Sri Lanka rupee . . . . . . . . . . . . . . .0.01114 Chile peso . . . . . . . . . . . . . . . . . . .0.00214 Kenya shilling . . . . . . . . . . . . . . . . . .0.0159 Sweden krona . . . . . . . . . . . . . . . . .0.1599 China renminbi . . . . . . . . . . . . . . . .0.1443 Korea (South) won . . . . . . . . . . .0.001213 Switzerland franc . . . . . . . . . . . . . . .0.9404 PLATINUM
Colombia peso . . . . . . . . . . . . . . .0.000465 Kuwait dinar . . . . . . . . . . . . . . . . . . .4.0392 Taiwan dollar . . . . . . . . . . . . . . . .0.035763 Costa Rica colon . . . . . . . . . . . . .0.002251 Lebanon pound . . . . . . . . . . . . . .0.000766 Tanzania shilling . . . . . . . . . . . . . .0.000924 Cyprus pound . . . . . . . . . . . . . . . . .2.5585 Malaysia ringgit . . . . . . . . . . . . . . . .0.3201 Thailand baht . . . . . . . . . . . . . . . . . .0.0301 Czech Republic koruna . . . . . . . . . .0.0522 Mexico peso . . . . . . . . . . . . . . . . . .0.1066 Turkey lira . . . . . . . . . . . . . . . . . . . .0.7370 Denmark krone . . . . . . . . . . . . . . . .0.1979 Morocco dirham . . . . . . . . . . . . . . .0.1325 Trin-Tob dollar . . . . . . . . . . . . . . . . .0.1866 futures increased Wednesday on the Chicago SOYBEANS
Dominican Republic Peso . . . . . . . .0.0352 N.Z. dollar . . . . . . . . . . . . . . . . . . . .0.7249 Tunisia dinar . . . . . . . . . . . . . . . . . .0.8726 E.Caribbean dollar . . . . . . . . . . . . . .0.4373 Norway krone . . . . . . . . . . . . . . . . .0.1885 Ukraine hryvna . . . . . . . . . . . . . . . . .0.2295 Wheat for July delivery rose 2 3/4 cents to HIGH-GRADE COPPER
Egypt Pound . . . . . . . . . . . . . . . . . .0.2000 Pakistan rupee . . . . . . . . . . . . . . . . .0.0199 U.A.E. dirham . . . . . . . . . . . . . . . . . .0.3131 $3.87 3/4 US a bushel; July corn rose 3 1/4 Euro . . . . . . . . . . . . . . . . . . . . . . . . .1.4692 Peru sol . . . . . . . . . . . . . . . . . . . . . .0.3527 U.K. pound . . . . . . . . . . . . . . . . . . . .2.1176 cents to $2.51 a bushel; July oats rose 11/2 ECUSilver 9187 2.80 2.59 2.77 +0.05 Fiji dollar . . . . . . . . . . . . . . . . . . . . .0.6692 Philippine peso . . . . . . . . . . . . . . . .0.0217 U.S. dollar . . . . . . . . . . . . . . . . . . . .1.1350 SOYBEAN OIL
cent to $1.88 a bushel; July soybeans rose 28 1.04 0.95 1.04 -0.01 Guyana dollar . . . . . . . . . . . . . . . .0.006052 Poland zloty . . . . . . . . . . . . . . . . . . .0.3718 Venezuela bolivar . . . . . . . . . . . . . .0.00054

Source: http://www.saskcan.com/pdfs/SP_06-08-06.pdf