Leading Australian agribusiness and processing company GrainCorp is planning to increase grain storage capacity at several sites by 1M tonnes in anticipation of a larger 2021/22 harvest, World Grain reported on 2 August.

“The works will focus on boosting our capacity in major cropping regions across New South Wales (NSW) and Victoria, in particular,” GrainCorp managing director and CEO Robert Spurway was quoted as saying.

“We’ll build extra storage across the central and northern regions of NSW and across the north-east region of Victoria.”

As well as adding new storage, the company was looking at resuming operations at some sites, according to the report.

“On top of the new storage, we are also looking at re-opening some sites to accommodate the anticipated demand, and we have a maintenance plan in place to get these sites back into full operation,” Spurway said.

“We are currently working through approval processes with several local government authorities, and we look forward to providing growers with specific site details as soon as possible.”

The company was working around the clock to move as much leftover grain from that intake as possible before the new-season crop was ready.

“The new storage will take some pressure off these sites,” he said.

Last season GrainCorp’s network took in approximately 16M tonnes, overtaking the company’s previous bumper crop season in 2016/17, when 15M tonnes were delivered, World Grain wrote.

Spurway said he was cautiously optimistic for growers as they drew closer to the 2021/22 harvest, with sites in central Queensland expected to begin receiving grain in September.

As well as handling and storing agricultural commodities, GrainCorp manages a wide range of grains, pulses and oilseeds and produces edible oils, biofuel components and animal feeds, as well as oils and shortenings for the food production industry, according to the company website.

The company’s activities range from developing infant formula products to collecting used cooking oil (UCO) via its national collection service, AUSCOL.

Headquartered in Sydney, GrainCorp operates one of Australia’s largest grain storage and handling networks on the east coast of the country.

In Victoria and Western Australia, the company operates two oilseed crushing facilities, used to produce canola oil and canola meal. It also operates two processing plants in Victoria for refining, bleaching, deodorising and blending edible fats and oils to produce high-quality ingredients for the food industry.

The company’s animal feed business operates four liquid feed distribution centres to service the cattle and livestock industry throughout Australia, according to the website.

Outside of Australia, the company’s website said it sourced locally from producers in the UK and Ukraine as well as through its joint venture in Canada.