One of Narrabri’s iconic industries, Cargill crushing plant, will ‘discontinue operations’ probably at the end of November.
Rumours about the future of Cargill have been widespread for months as the severe drought impacts on throughput, and energy costs rise.
In a statement, Cargill Director Corporate Affairs, Peter McBride, said the decision was the result of several factors.
“Cargill has made the difficult decision to discontinue operations at the Narrabri plant for the foreseeable
future as it has been unprofitable for a number of years due to the changing landscape of the cottonseed market and the high cost of food manufacturing in Australia, especially significant increases in energy costs” Mr McBride said.
“Over time the cottonseed market has changed significantly as whole.”