# Aussie oilseed facilities to expand following $73m investment

> Cargill has invested AUD 73 million to upgrade and expand its Newcastle, Narrabri and Footscray oilseed crush plants in Australia. The Narrabri plant is being converted to a cottonseed dehulling site, and Newcastle will add cottonseed crushing.

- Date: 2023-05-01 · published 2023-05-01T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/36060-aussie-oilseed-facilities-to-expand-following-73m-investment
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Cottonseed Meal](https://feedsoft.ai/c/CSM.md)

## Why it matters

Higher Australian crush capacity will increase domestic canola and cottonseed meal output over time, which adds meal supply in the region.

## Read by commodity

- CSM: neutral
- CANMEAL: neutral

## Sources

- foodprocessing.com.au: https://www.foodprocessing.com.au/content/processing/news/aussie-oilseed-facilities-to-expand-following-73m-investment-686639692

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