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Cargill announced a US$50 million (A$73m) investment to upgrade and expand its Newcastle, Narrabri and Footscray oilseed crush plants in Australia. The Narrabri plant will be restarted as a cottonseed dehulling site, and Newcastle will be able to crush cottonseed alongside canola.
Work is due to be completed by May 2024.
Added crush capacity raises Australian canola and cottonseed meal output over time, which can add supply to feed markets. Strong export and domestic demand for the oil could support canola and cottonseed values.
agnavigator.comJane ByrneApr 26, 2023
feednavigator.comApr 26, 2023
prnewswire.comCargill, Inc.Apr 26, 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.
