GrainCorp Operations Limited and Cargill Australia Pty. Ltd. have agreed that GrainCorp will sell its 50 percent share of the parties' grain accumulation joint venture, Australian Grain Accumulation Services Pty Ltd, (AGA), to Cargill Australia.

GrainCorp will form a new grain accumulation team and AGA will continue as a wholly-owned subsidiary of Cargill Australia under its current name.

The decision by GrainCorp to voluntarily exit the joint venture was driven by the changing nature of the domestic and export grain market following the removal of the bulk wheat export monopoly in July 2008.