News Articles for GrainCorp

As WA's annual grain harvest nears 30mt, more businesses are seeing opportunity in providing avenues to export markets.

An industry group led by farmer Alan Richardson and project developer Enzo Gullotti has become the third outfit looking to build a canola processing plant in WA.

Biofuel project backers have lauded a large federal government investment into domestic processing capacity as foundational for the nascent sector.

The outlook for the Kwinana industrial strip has changed drastically during the past year after a series of project closures and delays.

Graincorp and Cargill are both planning crushing plants in WA, but BP's move to defer its biorefinery has raised questions about the industry.

Rio Tinto will test a native tree's suitability as a biodiesel crop in Queensland to offset carbon emissions from its Pilbara mines.

Favourable seasonal conditions on the land aren't always reflected in the share price fortunes for listed ag firms.

CBH Group continued to be WA's dominant grain exporter in 2020-21 with 55 per cent market share, but production from the state fell below the level of New South Wales.

The grain industry is sharpening its strategy with new markets, new products and a focus on supply chain costs.

Graincorp has swung to a half-year profit of $388 million following the sale of its Australian Bulk Liquid Terminals business and demerger of United Malt.

Consumer driven demand for grain-based products is good news for the farm sector.

Plans have been lodged with the state's environmental regulator for a $52 million bulk liquids terminal in Kwinana, a facility that would hold liquid fertiliser, cooking oils and caustic soda.

Bulk grains handler GrainCorp says it will not pay shareholders an interim dividend after it swung to a $59 million half-year loss following severe drought conditions and trade disruptions.

Graincorp's plans to demerge its global malting business and list the new company on the ASX have been greeted warmly by investors.

GrainCorp shares surged by more than a third after the drought-hit grain handler received an all-cash $2.38 billion takeover bid from little-known asset manager Long-Term Asset Partners.

Industry stakeholders are concerned about the level of port market share held by grain handler CBH Group, while entry for new players like Bunge has been challenging, according to a new Australian Competition and Consumer Commission report.

The share market has edged higher due to modest gains in most sectors, while the Reserve Bank's concerns about slow wages growth have driven the Australian dollar to a five-month low.

Australian shares have reversed Monday's losses and opened stronger following positive finishes in the US overnight.

The iconic Dingo Flour mill in North Fremantle is coming under new ownership after Graincorp and Cargill Australia agreed to sell their Allied Mills Australia joint venture to private equity group Pacific Equity Partners.

Graincorp's biggest shareholder, Archer Daniels Midland, has sold its 19.9 per cent stake in the Australian grain merchant for about $387 million, three years after its failed $3.4 billion takeover bid.

CBH Group is planning to launch a full review of its cooperative structure after formally rejecting a proposal from Australian Grains Champion to corporatise and list the business on the ASX.

Grower feedback has led the Australian Grains Champion to remove two clauses from its proposal to corporatise CBH Group, with the consortium continuing to criticize the CBH board's handling of the matter.

The Australian Grain Champion's proposal to demutualise CBH will most likely be rejected by the CBH board, but it could be the catalyst for a CBH-led demutualisation.

ANALYSIS: CBH has served WA grain growers for more than 80 years, but debate is raging about whether now is the time to kill the co-op.

The Aboriginal educator is chasing significant growth buoyed by a boost in federal government funding.

The business sector got the governments it wanted in 2013 but it's unclear what policies they will deliver.