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1.Market Observations, 8.Was Sticky

16 Nov 2018 (AFR) – GrainCorp warns of tougher times ahead after big drop in profit

(16 November 2018, AFR, p19, by Brad Thompson)

‘GrainCorp has spelled out the ripple affect a disastrous east coast harvest will have on the Australian economy with virtually no wheat available for export from its port terminals and its casual workforce slashed by thousands. Managing director Mark Palmquist also said it was inevitable that sky-high domestic prices for wheat and other grains would push up the cost of some foods.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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