Work is getting underway on another canola crush facility expansion in Saskatchewan.
Company and government officials got together last week in Yorkton to mark the official start of an expansion of the Louis Dreyfus crush facility. The company has been operating a plant in the city for almost 15 years and now will expand it to handle two million tonnes a year.
This is the latest in a string of canola crush announcements that will put Saskatchewan in a global leadership role in this industry with a public policy goal of consuming three-quarters of our annual canola production by the end of the decade. However, some are forecasting we could end up consuming more than we produce, making the world’s largest canola producer an importer.
It also moves the province further along the value-added supply chain, transitioning from exporting raw commodities to products that have undergone at least some processing in Saskatchewan before it is shipped to customers. We’re already at the point canola oil shipments to the American market are worth more than exports of canola seed.