Overseas growth helps GrainCorp as Aussie season bites profit outlook

Andrew Marshall
Updated February 23 2018 - 11:28am, first published 6:30am
Managing director, Mark Palmquist, says GrainCorp's expanding diversification into malt and oilseed processing, and new overseas storage and logistic ventures, is mitigating the impact of the poor Australian harvest.
Managing director, Mark Palmquist, says GrainCorp's expanding diversification into malt and oilseed processing, and new overseas storage and logistic ventures, is mitigating the impact of the poor Australian harvest.

Business is buzzing in its North American and European divisions, but eastern Australian grain storage, logistics and marketing kingpin, GrainCorp, is struggling to report much good news on the home front, with profits for 2017-18 likely to be half last year’s – if that.

Andrew Marshall

Andrew Marshall

National agribusiness writer

Andrew Marshall is the group agribusiness writer for ACM's state agricultural weeklies and websites. He is a former editor at The Land and has worked in various Rural Press group roles in Canberra, North Richmond (NSW) and Toowoomba (Qld).

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