Subscribe to RSS feedCost of shipping adds to gloom in price outlook for local grain
by
Sineva Toevai and Liz McCarthy
—
last modified
Apr 14, 2010 04:01 PM
AWB HAS signalled that shipping costs, driven higher by China’s demand for dry bulk commodities, were a major factor in a cut to its wheat return and profit guidance for 2009/10.
Relatively high shipping costs, a strong local currency and weakening demand for wheat forced the grain marketer to lower its estimated wheat pool returns for the year by $8 per tonne to $246 per tonne for eastern Australia.
“Stronger Chinese...
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