Elders Restructures Operations, Acquires Stake in Online Trading Platform
Australia’s Elders is restructuring its grain operations - transitioning from a business that originates grain on behalf of buyers to an impartial facilitator of grain transactions.
As part of this plan, the company has acquired a 20 percent stake in Clear Grain Exchange (CGX) - an online trading platform - and will combine existing technology with CGX’s electronic marketing capabilities along with leveraging Elders’ 440 branches located across the country to offer a more complete transaction for all clients.
The company hopes that its new structure will ease the challenges of searching for grain prices and the historically inconsistent outcomes in transactions for same-grade grains in close locations.
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