Apr 06, 2022

Cargill Buys Land for Crusher Facility in Saskatchewan

New canola processing facility will be part of Global Transportation Hub and allow easy access for deliveries

Saskatchewan has sold $38 million in land, 247 acres in all, at theGlobal Transportation Hub (GTH)for Cargill’s planned canola crusher, reports theRegina Leader-Post.

Jeff Vassart, president of Cargill Canada, said in a news release last August the location would give farmers easy access for deliveries, as well as allow the company to efficiently deliver agricultural goods to end-users.

"We are confident in the continued growth and competitiveness of the canola processing industry and look forward to helping farmers access increasing market demand,” said Vassart.

“Through these projects, we’re committed to providing a better, more efficient customer experience across our network, making it easier to do business with Cargill.”

Cargill first announced plans to build anew $350-million canola processing facility in Saskatchewanin April 2021.

At the time the company did not have a specific location picked, but said the state-of-the-art crusher facility would be located within an hour of Regina.

The facility is expected to create 50 full-time jobs and process one million metric tonnes of seed each year. Cargill expects the crusher to be operational by early 2024.

Lisa Cleaver

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Marketwatch: Apr, 06

US Corn Price Idx:ZCPAUS.CM

open: 7.3207
high: 7.3968
low: 7.274
close: 7.313

US Soybean Price Idx:ZSPAUS.CM

open: 15.6294
high: 15.7696
低:15.5821
close: 15.7086

US Hard Red Winter Wheat Price Idx:KEPAUS.CM

open: 10.2661
high: 10.4286
low: 10.1018
close: 10.2729

US Soft Red Winter Wheat Price Idx:ZWPAUS.CM

open: 9.8201
high: 9.9876
low: 9.583
close: 9.7227