ABB Grain Limited,
the Australian grain marketing organization, reports that there is a worldwide glut of canola, partially due to strong production in Canada, Europe and the US.
Not exact matches
Less than three years after opening an office in Perth, United States
grain giant Gavilon Holdings has decided to exit the Western
Australian market.
Andrew Young, the executive director of
Australian grain trader Plum Grove, said supply from the Black Sea was landing in traditional
markets at $ US40 a tonne cheaper than
Australian wheat of similar protein content.
«GrainCorp has performed well considering the subdued
market and relatively expensive price of eastern
Australian grain in global
markets for the half,» he said.
If
Australian grain producers can snaffle
market share, it could represent an ongoing benefit to GNC, and a potential earnings upgrade.
Specifically, the Senate Committee recommended: (1) that the ACCC re-open its informal review of ADM's proposed acquisition of GrainCorp and obtain independent expert advice when conducting that review; (2) that the Foreign Investment Review Board (FIRB) consider evidence from the committee's hearings, potential loss of taxpayer revenie, the potential for the takover to «distort the capital
market to the detriment of
Australian farmers and Australia's economy due to food security concerns» and the need to «protect the public interest and the interests of
grain growers» when making its recommendation to the Treasurer.