Bunge’s Australian Timeline
- Bunge establishes Bunge (Australia) Pty Ltd and the company opens its head office in Melbourne.
- Very quickly, Bunge develops a substantial foot print in Australia and opens additional offices in Sydney, Adelaide and Perth.
- When World War II breaks out, the Australian Government establishes the Australian Wheat Board. This changes the landscape for Bunge as the newly created AWB is to be solely responsible for marketing of wheat, both within Australia and for export.
- Bunge remains an international agent for the AWB; however, its traditional role of marketing wheat from farmer to consumer has gone.
- Bunge continues to trade other grains in Australia including oats, barley, maize and sorghum.
- Bunge enters the flour milling business with the purchase of its first flour mill in Ballarat, Victoria. Three more flour mills would soon be added in Albury and Murrumburra in NSW and Warwick in QLD.
- Bunge moves outside of food and grains with the purchase of Union Steel Ltd, thus becoming distribution agents for Broken Hill Pty Ltd and John Lysaght.
- A controlling interest in the wellknown pastries firm, Herbert Adams Holdings Ltd, is added to the Bunge business.
- Also a part of Bunge’s assets is a large piggery near Albury known as Fidelity Meat Industries.
- As the grains industry remains heavily regulated in Australia, the decision is made to consolidate Bunge operations and focus on trading within Australia.
- The Australian wheat market is deregulated.
- Bunge strengthens the team in Melbourne dedicated to grain trading.
- Bunge has been successful in combining with a network of key players in the domestic grain supply chain to facilitate exports to global customers.
- Bunge opens a new Grain Port Terminal in WA located at Bunbury and a significant expansion of grain operations in Australia, offering WA growers the first new Port terminal in over 20 years
- In July, Bunge ships the first shipment of wheat to the Philippines
- Bunge constructs 2 new grain bunker sites at Arthur River and Kukerin with the potential to store over 200,000mt
- Bunbury Port ships over 450,000mt through its new state of the art facility.
- Bunge WA network opens with country sites and Port facilities operational
- Expanded WA Grower accumulation team