Cefetra is to take over the management of the Chilton Grain store located near Sudbury, in Suffolk, from July 1st 2018. It also intends to base a grain origination team there to service East Anglia.
Cefetra will manage day-to-day operations at the 45,000 tonne capacity store from the new crop marketing year, with all existing Chilton Grain staff transferring to Cefetra. It plans to have the new procurement team in place by May. The facility is AIC and GAFTA-approved and is also a registered LIFFE futures store.
“Having worked with Chilton Grain for a number of years, we are very pleased to have reached this agreement and are grateful for its support and trust in taking the business forward,” says Andrew Mackay, managing director of Cefetra UK, part of the €15.4 billion BayWa Group.
“The store and Sudbury team will enhance the services we can offer to both our farmer suppliers and customers in the area. Simon Weir of Chilton Grain also brings with him a great wealth of experience and local insight as he joins our team.
“We are confident in the future of the British agricultural sector and believe we can play a leading part in its success. Our recent purchases of Premium Crops and the book of Dalmark Grain Limited – previous operators of the Chilton Grain store – follow on from the acquisition of Wessex Grain in 2015, and are important steps in establishing Cefetra as a strong grain origination company with a nationwide capability.”