A large part of the wheatbelt in NSW is so dry they will not harvest a crop. Ditto in Qld. Pretty depressing drive up to Toowoomba the other day.
Pretty good in WA but I believe GNC largely operate on the east coast.
It's a volume play and crop yields may be further downgraded if late September/early October is nasty.
why the 5% drop today?, page-9
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