Feed prices up on drought conditions

Drought in Southern Qld and Northern NSW is raising feed prices across the Eastern states and obliging farmers to transport grain and hay from SA,

A whinge about the costs is here:

https://www.copyright link/business...ts-as-grain-stocks-drain-away-20180607-h113yp

While high commodity prices also raise RIC's input costs, the superior nutritional properties of RIC products will put them in strong demand, boosting prices and volumes out there right now.  RIC feedmills will be grinding hard.

RIC has a large feedmill capex program underway - ~$100m vs market cap of $430m - coincident with these positive trading conditions.  The solid cashflows will go a long way toward the capex.

Good times.

Ash