SYDNEY, March 27 A consortium of grain handlers
plans to build a new port terminal at Port Kembla in Australia's
New South Wales state, adding to competition among grain
handlers across the country's east coast.
Logistics business Qube Holdings said it has formed
a joint venture with a unit of Singapore's Noble Group
to develop the multi-user handling facility.
Cargill Group and Emerald Grain have been granted
the option to acquire up to a 20 percent stake each in the new
venture, Quattro Grain, Qube said.
"Our aim is to create a truly integrated supply chain from
the farm gate to the international end user - by doing this we
create efficiencies and premiums which are passed on to the
grower," said John Murray, Emerald Grain's Managing Director,
The new terminal was expected to be up and running in 2015,
a spokeswoman for Emerald Grain said.
(Reporting by Colin Packham; Editing by Richard Pullin)