uLINCS-based grain merchant Gleadell Banks has provisionally agreed to take over RM English Grain, a wholly-owned subsidiary of Muntons, the UKs third largest sales maltster. English, based near York, trades about 100,000t of combinable crops, and the move will increase Gleadell Banks tonnage by about 10%. Managing director Jon Duffy expects the deal to be finalised in June.
uCEREAL and oilseed levies paid by farmers to fund the Home-Grown Cereals Authority remain unchanged this year. Cereal growers will pay 40p/t, oilseed growers 65p/t. The former, together with levies paid by merchants and processors, is expected to raise £9.45m to fund a range of HGCA activities, including research and development and market intelligence. The oilseed levy should raise about £924,000. *