# Cootamundra Oilseeds parent signs deal to fund CQ plant - Grain Central

> Australian Oilseed Investments, parent of Cootamundra Oilseeds, finalised a US$190 million merger with EDOC Acquisitions Corporation, paving the way for a NASDAQ listing. The deal is expected to fund a Central Queensland crushing plant and lift total Australian crush capacity to 160,000 tonnes.

- Date: 2024-03-08 · published 2024-03-08T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/31297-cootamundra-oilseeds-parent-signs-deal-to-fund-cq-plant-grain-central
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Expanded Australian crush capacity adds canola and oilseed meal supply in Asia-Pacific over time, a modest bearish factor for meal prices, though the effect is gradual.

## Read by commodity

- CANMEAL: bearish ▼

## Sources

- graincentral.com: https://www.graincentral.com/news/cootamundra-oilseeds-signs-us-deal-to-fund-cq-plant/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.