Global agribusiness giant Cargill has closed its Ports of Indiana grain export elevator, World Grain reported.
The company said its decision not to renew the lease on the grain elevator at Burns Harbour in Portage was due to a range of market conditions, the 3 February report said.
According to Sosland Publishing’s 2023 Grain & Milling Annual, the elevator handled soyabeans, corn and wheat on Lake Michigan and had a storage capacity of 7.768M bushels. The Ports of Indiana grain export terminal at Burns Harbour received truck and rail deliveries and loaded barge, rail and truck shipments.
Cargill said it had notified customers of its decision in September.
“There were several different contributing factors that led us to make this decision, which include the current and projected market environment,” Cargill was quoted as saying.
“Cargill’s other local operations in the area continue, as do the larger network of grain and oilseeds facilities around the USA, and we will utilise those operations to serve customers to ensure they continue to have access to markets for their grain.”