Agribusiness

Elders to buy rural wholesaler AIRR

As the takeover of Ruralco by Landmark-owner Nutrien moves toward creating a rural merchandise retailing and wholesaling behemoth in Australia, Elders Limited has announced an acquisition move that will extend its own competitive footprint beyond rural retailing and into wholesaling as well…Read More

Grain Central, July 15, 2019

Horsham facility to boost domestic faba-bean demand

Australia’s first large-scale plant-protein extracting facility is expected to start production next year at Horsham in Victoria’s Wimmera distract, and is set to become a major regional consumer of faba beans…Read More

Grain Central, July 9, 2019

SunRice FY19: revenue up 1.3pc, profit down 27pc

SunRice has announced consolidated revenue for the Group for FY19 of $1.2 billion, a 1.3 per cent increase, and a Net Profit After Tax of $32.8 million, a 27pc decrease on the previous year…Read More

Grain Central, June 28, 2019

Reinventing Australian agricultural statistics: AFI

The lack of access to reliable and robust statistics about agriculture is a continuing frustration for many in the industry, according to the Australian Farm Institute (AFI)…Read More

Grain Central, June 24, 2019

Growers brace for tough winter after dry start; recent rains rally hopes: Rabobank

Farmers are bracing for a tough winter after autumn rains eluded much of the country, but the grain sector remained the most positive sector in Rabobank’s latest Rural Confidence Survey…Read More

Grain Central, June 17, 2019

Open letter to the non-agricultural community: Gladigau

A heartfelt open letter written and posted to social media on Sunday night by South Australian grain grower John Gladigau seeking to explain “what farmers do and why” has attracted thousands of shares and comments…Read More

John Gladigau, Bulla Burra Operations executive director, June 11, 2019

GrainCorp smooths cash flow with insurance deal

In a move to limit the downside risk of Australian east coast droughts damaging future earnings, listed agribusiness GrainCorp has teed up a safety-net deal with the help of a global insurer…Read More

Grain Central, June 7, 2019

New $2.6m seed processing line for Pacific Seeds

Pacific Seeds has begun the process of installing a new $2.6 million seed processing line, which has the capacity to double throughput of multiple varieties of seed and significantly improve the plant’s efficiency…Read More

Grain Central, May 28, 2019

Dalgrains position clarified amid counterparty caution

The financial position of Dalgrains has been clarified by Worrells Solvency & Forensic Accountants, with partner Adam Ward last week appointed as its liquidator…Read More

Liz Wells, May 23, 2019

Eastern Australian drought costs Incitec Pivot $21m in FH19 results

Drought in eastern Australia has bitten into sales volumes for leading Australian fertiliser company Incitec Pivot Limited (IPL), which has this week released its financial results for the half-year ended 31 March…Read More

Grain Central, May 21, 2019

Dry weather impacts Elders half-year profit and earnings

Drought conditions across large parts of eastern Australia have impacted Elders’ half-year results announced today, with statutory net profit down $14m from the same period last year to $27.4m…Read More

Grain Central, May 20, 2019

Ruralco diversification drives half-yearly growth, profit and dividend

Ruralco has attributed its three per cent growth and after tax of $16.6 million for the half year ended 31 March 2019 to its diversification strategy…Read More

Grain Central, May 16, 2019

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