In fiscal year 2016 the company handled 55.8 million bushels but in fiscal year 2017 the company has increased its grain handling capacity expectancy between 100 million bushels and 110 million bushels.
“The expected 100% increase is also due to the record crops produced during the recently completed harvest,” the company said.
Headquartered in Minneapolis, Minnesota, U.S., Ceres Global Ag operates in two business units, one of which is a grain storage, handling and merchandising unit anchored by a collection of nine grain storage and handling assets. Its aggregate storage capacity is approximately 43 million bushels, including 5.4 million bushels of idle capacity.
Ceres’ Commodity Logistics unit is focused on the development of a Commodity Logistics Centre in Northgate, Saskatchewan. The Northgate Commodities Logistics Centre is a grain, agriculture services and oilfield supplies transloading site.