Oct 4 (Reuters) - Namoi Cotton Ltd (NAM) :
- ONGOING SEVERE DROUGHT CONDITIONS AND IMPACT ON COTTON SUPPLY IMPACTING BALANCE OF FY20 AND MORE SIGNIFICANTLY FY21
- REDUCED DEMAND FOR RAW LINT COTTON AND SOFTER COTTON PRICES HAD NEGATIVE IMPACT ON DELIVERY VOLUMES AND PRICING OF COTTON FOR NCA
- SIGNIFICANT INCREASE IN GLOBAL SUPPLY OF COTTON WILL IMPACT FINANCIAL RESULTS FOR FY2020 AND FY2021
- ANTICIPATES NEGATIVE IMPACT ON NAMOI COTTON'S SHARE OF NCA'S OPERATING RESULTS BY BETWEEN $2.5 MILLION-$3.5 MILLION FOR HALF YEAR OF FY20
Source: [ID:http//bit.ly/2Inwa5v]
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News: NAM Namoi Cotton Says Severe Drought Conditions Impacting Balance Of FY20
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