West Perth-based grain storage and marketer Co-operative Bulk Handling Group has warned that its strong $87.3 million net profit, a rise of a more than 40 per cent, won't be repeated this year due to the drought last season.
AWB International has used its veto power to reject a bulk export licence application from Co-operative Bulk Handling Group, protecting wheat growers delivering to the National Pool, while leaving WA wheat growers with few options.
Cooperative Bulk Handling's investment in South-East Asian joint venture Interflour is shaping as a healthy move for the group, as the flour miller prepares to post a considerable turnaround in profit early next year.
