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Cargill will invest AUD 73 million to upgrade and restart its Narrabri West plant, which is being converted to a cottonseed dehulling site, as part of a wider expansion. The company says the plan responds to rising demand for canola and cottonseed products.
The added crush capacity in Australia will raise domestic cottonseed and canola meal supply, which is mildly bearish for regional meal prices.
narrabricourier.com.auDylan SmithMay 3, 2023Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
