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Midfield Meats has announced plans to close its rendering plant at Levy's Point in Warrnambool and relocate operations to a new $18 million plant beside its abattoir in Scott St, Merrivale. The move requires approval from the EPA and Warrnambool City Council, and residents have raised concerns about the site's proximity to homes and a school.
The relocation is a local facility change with no material effect on global feed supply or prices. It affects one regional rendering operation's footprint rather than market balances.
the-terrier.com.auCarol AltmannAug 29, 2018Not 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.
