CBH says it’s better suited to take the company private if that’s what growers decide.

Company recently made unsuccessful attempt to sell its 19.85% share in the Australian grain company.

The new facility has the capacity to hold 20 million liters of petrol and 25 million liters of diesel.

Global trading conditions continue to weigh on the Australian grains sector.

AGC pushes to enter process agreement by March 18.

Australia’s agriculture sector faces low grain stocks and increasing export competitiveness.

The proposal, which is backed by GrainCorp and H.R.L. Morrison, offers growers a cash payment and shares in a corporatized CBH.

Company could eventually own a 20% stake in CBH.

The agreement with Zen-Noh Corp. includes receival sites across Alberta and Saskatchewan in Canada.

Upgrades will deliver a 24-hour rail loading cycle to Port Kembla.