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Australia's Graincorp reports sharp fall in interim profit
GRAINCORP LTD (ASX:GNC) has reported a sharp fall in interim profit in a severe drought but says the early outlook for 2007/08 is good. The wheat farmer today booked a 71 per cent drop in first-half net profit to $A5.5 million ($US4.52 million).

* Graincorp managing director Tom Keene said the season was off to an "excellent start" in Victoria and NSW with recent rains, and the bulk of crops now planted in these areas.

* Whilst the 2007 financial year had been impacted by drought, the business was on track against the three-year strategic plan and the early outlook for the 2007/08 season was good, Mr Keen said.


Australia's Graincorp reports sharp fall in interim profit due to drought, but says outlook for 2007/08 is good
MGR Archive 1.6.2007
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Region Type Price  
Russia Rapan $ 700
USA Jupiter Rice $630
USA Calrose #1 $830
USA Calrose #1 Paddy $480
EU Prices Baldo €660
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