annb0t
Top 20
By Harshita Swaminathan
(Reuters) - Graincorp said on Friday it expects underlying profit for fiscal 2022 to be around 2.5 times that of last year, as the Australian agribusiness firm benefits from supply constraints due to the Ukraine war, sending its shares to a record high.
Australia, the world's sixth-largest wheat exporter, is set to ship a record volume this year as buyers look for suppliers to replace cargoes from Russia and Ukraine. [nL3N2VB1MM]
Shares of Graincorp soared as much as 8...
>>> Read more: Australia's Graincorp raises profit view on Ukraine conflict-led shortage
(Reuters) - Graincorp said on Friday it expects underlying profit for fiscal 2022 to be around 2.5 times that of last year, as the Australian agribusiness firm benefits from supply constraints due to the Ukraine war, sending its shares to a record high.
Australia, the world's sixth-largest wheat exporter, is set to ship a record volume this year as buyers look for suppliers to replace cargoes from Russia and Ukraine. [nL3N2VB1MM]
Shares of Graincorp soared as much as 8...
>>> Read more: Australia's Graincorp raises profit view on Ukraine conflict-led shortage
