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Cargill will spend US$50 million to upgrade and expand its Newcastle, Narrabri and Footscray oilseed crush facilities in Australia. The company says the investment will meet rising demand for canola and cottonseed products from Australia and Asia.
Work is set to be completed by 2024.
Expanded crush capacity increases the future supply of canola and cottonseed meal for feed buyers. The move signals firm demand for Australian oilseed products.
world-grain.comJohn ReidyApr 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.
