Cargill recognizes market access achievement to China for Canadian beef and
tallow

WINNIPEG, June 25 /CNW/ - Cargill Limited applauds the tremendous achievement made by The Right Honourable Prime Minister Stephen Harper, Agriculture Minister Gerry Ritz and International Trade Minister Peter Van Loan on securing a historic agreement with China to allow the re-entry of Canadian beef and tallow. This follows seven years of Canadian beef being absent from this valued market following the discovery of BSE in 2003.

Cargill is fully confident that through its two Canadian beef processing operations in Guelph, Ontario and High River, Alberta that the agreement, which calls for a staged approach leading to full market access, will enable meaningful trade of Canadian bovine products (including tallow) to the market of China.

Cargill welcomes the opportunity to work with our valued producers to fulfill Canada's commitments to this trading partner and together, work towards a full resumption of beef trade hopefully in the near future.

"This achievement is not insignificant by any means," says Len Penner, President of Cargill Limited. "It would not have been remotely possible without the strategic leadership of the federal government, provincial partners, CCA, CFIA, DFAIT and especially the Market Access Secretariat led by Mr. Fred Gorrell. Over time, the agreement will help enhance our ability to more fully reward cattle producers for their efforts and contribution to the success of the Canadian beef industry."

The Canadian Beef Export Federation estimates this value increasing Canadian returns by $110 million to $175 million when full access has been achieved.

Headquartered in Winnipeg, Manitoba, Cargill Limited employs over 10,000 people across Canada and has business interests in meat, egg and oilseed processing, animal feed, salt, chocolate, natural gas, crop inputs, as well as grain handling, merchandising and milling. For more information, visit www.cargill.ca.

SOURCE CARGILL LIMITED

For further information: For further information: Rob Meijer, Director Corporate Affairs, Ph: (204).226.7783, robert_meijer@cargill.com

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