18/09/2007 - 22:00

AWB a big-picture anomaly

18/09/2007 - 22:00

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The price of wheat is at an all-time high, the share price of AWB Ltd (once known as the Australian Wheat Board) is at an all-time low. Why is this so?One answer is drought, and its debilitating effect on Australia’s wheat crop, which generates much of AWB’s fee income – no crop, no fees.

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