profit downgraded TWICE in this FY, page-14

  1. DSD
    15,962 Posts.
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    More re govt's decision to stop sale to China:

    'Another concern with the spate of Chinese investment in Australian agriculture is that they are seeking to vertically integrate the whole food production process in Australia: purchasing our farms as well as the whole distribution and logistics production line. When combined with the recently signed FTA, which will allow China to import temporary labour to work on its farms, there is the real prospect that Australians will be cut-out completely from the whole food export business, and in turn cut-out from the economic benefits.'

    GNC would suit China perfectly and drain profits from our farmers as they will control the logistics and pay bare minimum for grain. But that doesn't mean a foreign TO will be unsuccessful.

    http://www.macrobusiness.com.au/201..._term=At last FIRB blocks a foreign farm sale
 
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