re: Ann: GRAINCORP UNDERTAKES A COMPANY TRANS... Interesting aqusition indeed.
A couple of the malt plants are about as much value as Yapeet silos.
Agree EMU, the chinese are have the ability to toll malt and also supply good quality malt cheaper than many countries. many of the malting plants are not running at capacity.
The margins in the malt process are currebtly reducing, and graincorp forecast that 455 of their earnings are coming from malt and allied only 2% and its also a processor - its all ugly. but good on them for having a crack !!
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