Agribusiness

Spurway heads GrainCorp

GrainCorp has appointed Robert Spurway to take up the role of managing director and chief executive officer after completion of the planned demerger of the company’s malt business early next year…Read More

Grain Central, December 19, 2019

SunRice posts half-year $543M revenue, $12.5M NPAT

The SunRice Group generated revenue of $543 million for the FY2020 half-year and Net Profit After Tax (NPAT) of $12.5 million, down 6.8 per cent and 10.2 per cent respectively on the previous corresponding period…Read More

Grain Central, December 18, 2019

CBH books FY19 trading loss

A collapse in barley values and adverse price movements for wheat fed into a trading loss of $119.3M for Western Australia’s CBH Group in the year to September…Read More

Grain Central, December 16, 2019

Proposed Asahi takeover of CUB raises concerns: ACCC

The Australian Consumer and Competition Commission has raised concerns about the proposed merger Asahi and CUB, and called for submissions from interested parties by next month…Read More

Grain Central, December 13, 2019

Agribusiness confidence drifts lower as dry grinds on: NAB

Challenging seasonal conditions and poor crop performance have led to a flattening of agribusiness conditions in the fourth quarter (Q4) of 2019, according to NAB’s quarterly Agribusiness Survey…Read More

Grain Central, December 10, 2019

Drought prompts cuts to Namoi Cotton jobs, cashflow

Major Australian ginner and marketer Namoi Cotton has shed 50 jobs and cut its cashflow estimates in a restructure designed to help it weather the current drought…Read More

Grain Central, December 9, 2019

Rural confidence hits 15-month low, but above previous droughts: Rabobank

Sentiment in the nation’s agricultural sector is at a 15-month low as Australia’s farmers brace for a hot, dry summer with drought conditions intensifying across large swathes of the country..Read More

Grain Central, December 9, 2019

High-tech seed processing plant boosts Pacific Seeds’ capacity

Pacific Seeds has today launched a $2.4-million, custom-built processing plant at its main production centre at Toowoomba in southern Queensland…Read More

Neil Lyon, December 5, 2019

SunRice to further downscale Riverina milling, cut jobs

SunRice has today announced a further reconfiguration of its Riverina operations, with another 100 job losses anticipated in 2020…Read More

Grain Central, November 26, 2019

Ridley sees some positives in 2H20 outlook

Strong price outlooks for meat and milk are providing some positives for Australia’s largest stockfeed miller, Ridley Corporation Limited in the second half of its financial year ending 30 June…Read More

Grain Central, November 26, 2019

ANZ Terminals/GrainCorp deal given all clear

The Australian Competition and Consumer Commission (ACCC) has decided it will not oppose ANZ Terminals Pty Ltd’s proposed acquisition of GrainCorp Bulk Liquid Terminals (GLT)…Read More

Grain Central, November 15, 2019

Drought behind FY19 loss of $82M: GrainCorp

GrainCorp Limited has announced an underlying net loss after tax of $82 million for the year to 30 September, within its forecast range, and no surprise given drought-reduced intake and tough terms of trade…Read More

Grain Central, November 14, 2019

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