Australia's Agricultural Industry Diversifies
Tim Boreham looks at Australian agri stocks, noting diversification has meant fortunes are no longer tied solely to the weather
Source: fnarena.com
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Tim Boreham looks at Australian agri stocks, noting diversification has meant fortunes are no longer tied solely to the weather
In this week’s briefcase, Elders buys a Victorian livestock and real estate company while Codan invests in US company and the SIKL Laser takeover is completed by Wesfarmers.
The Adelaide-based agribusiness saw profits fall, with “significantly declining livestock prices” and inflationary pressures contributing to the depressed figures.