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GrainCorp eyes overseas harvest despite record profit
Australia's strongest wheat crop that followed good rains last year helped grain marketer GrainCorp to a record profit, but the company is looking for growth from its overseas operations for future profits. Last year, the Australian Bureau of Agricultural and Resource Economics and Sciences estimated the grains crop totalled 24 million tonnes and Graincorp received almost 15 million tonnes. For the next year, ABARES is forecasting a wheat, barley, sorghum and canola crop of 19.2 million tonnes, so GrainCorp will have considerably less than last year to market. While GrainCorp's core business has boomed and looks solid for the short term, the company is trying to get more long-term security through diversification and in July it bought GermanMalt, making it the world's fourth biggest malt producer.
written on 25.11.2011 um 18:26.
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Molson Coors Introduces New Summer Brews
23.05.12 - With peak summer selling season right around the corner, Molson Coors Brewing Company is showcasing a global lineup of product and packaging innovations designed to deepen consumer connections to core brands like Coors Light, Miller Lite, Molson Canadian and Carling, as well as build its portfolio to meet emerging consumer demands. From Coors Light Iced T to Cold Activated Aluminum Pints and a new Blue Moon beer, the summer selection of cold, refreshing brews is heating up. [more]
Grainexx Market Report 21/2012
23.05.12 - There will be nothing really new on Greece for the next 4 weeks until we know an election result. Various scenarios are being played with at the moment, both by politicians and analysts. Squeezing out the Greeks from the Euro zone is legally not possible, and a voluntary exit could be suicidal. [more]
Ukraine Seeks 4 Million-Ton Barley Agreement With Saudi Arabia
22.05.12 - Ukraine is seeking to reach agreement with Saudi Arabia on supplying as much as 4 million metric tons of barley to the Middle East country, Agriculture Minister Mykola Prysyazhnyuk said. Saudi officials will arrive in Ukraine next month to discuss an accord, Prysyazhnyuk said in a statement e-mailed yesterday. [more]
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