GrainCorp lifts earnings forecast, looks west to keep up wheat supply
Brad ThompsonReporter
Updated
GrainCorp is stepping up shipments of grain from Western Australia to the east coast as supplies needed in the food manufacturing industry and to feed livestock run low in drought-hit states.
The shortage means GrainCorp is sourcing grain from CBH – the farmer-controlled co-operative it targeted as part of a failed corporatisation bid in 2016 – at an ever-increasing rate.
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Brad Thompson writes across business and politics from Western Australia for The Australian Financial Review. Brad is based in our Perth bureau. Connect with Brad on Twitter. Email Brad at brad.thompson@afr.com
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