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Cargill announced an investment of A$73 million to upgrade its Newcastle, Narrabri and Footscray oilseed crushing facilities, with completion expected by May 2024. The Narrabri plant, mothballed since 2018, will be restarted as a cottonseed dehulling site.
Cottonseed meats will then be processed at Newcastle.
More crushing capacity in Australia means more canola and cottonseed meal entering the domestic and export feed supply. The effect on prices is gradual because the capacity will not be fully operating until 2024.
graincentral.comGrain CentralApr 25, 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.
