Agricultural trading house Bunge Ltd has announced plans to build a port terminal on the East coast of Australia with a capacity of 45 thousand tons of grain per year.

News about the new terminal came after only a year after Bunge opened port terminal on the West coast of Australia. The new terminal on the East caused a lot of controversy, since he was missing for Bunge presence on the territory of its competitor GrainCorp.

CEO of Bunge Chris Okot said that the new terminal aims to offer better prices to farmers and better services to customers.

At the end of last year, the Australian policy blocked the absorption value of $2.6 billion GrainCorp., the largest publicly trading grain company, an American company ADM. This solution is without a doubt political, rocked the markets. The GrainCorp shares fell in value by 25%.

Manufacturers Association and the liberal party of Australia took the opportunity to absorb as a threat to national autonomy. For the left it was also an opportunity to oppose the recently elected conservative Prime Minister, who during the election campaign promised to open the markets of Australia. The refusal was dealt a serious blow by ADM, which seeks to provide the rapidly growing markets of Asia.

The second port terminal Bunge will include three storage bins. The company hopes to begin construction later this year and be completed in late 2015.

The new terminal means increased competition with GrainCorp, which operates in the port of Geelong, as Emerald Grain, recently acquired by the Japanese Sumitomo Corp. Terminal GrainCorp in Geelong has a capacity of more than 1 million tons.

Referring to a law that requires GrainCorp to provide access to competitors in their ports, the representative of the company GrainCorp said that the situation in the ports means that GrainCorp as an Australian company is increasingly put at a disadvantage against a much larger transnational corporations against the background of competing ports.

Logistics company Qube Holdings reported in March about the organization of a joint venture with Noble Resources, division Singapore Noble Group, with the aim to develop a new port terminal at Port Kembla in New South Wales, Australia. Cargill Group and Emerald Grain was given the option to receive a 20% stake in the new enterprise Quattro Grain, which is expected to start operating by the beginning of 2016.

The news that Bunge settled on the East coast of Australia, has already caused controversy will ADM to once again take control of GrainCorp. Maybe it will happen. And possibly the Australian centre-left will not block the second attempt.

But there is a possibility that protectionist elements in Australian politics to try to prevent the construction of a new terminal Bunge.