https://www.farmersweekly.co.nz/mark...rther-to-fall/
Interesting times.
$70m into plants. Is that going to produce a return or just to keep them going??
11/12ths of the way through the year and no guidance (no real difference to any other year, except last year with a surprise divvy).
They had inventory of $276m at the end of last FY, so based on the Alliance result would have to expect a chunk of that lamb value is written off, as well as probably paying too much through the year.
However I looked at the SFF market report from the end of September and the price graphs, and much of the drop in markets was between October & December last year, so hopefully are in a better place than Alliance if their inventory values were aligned to market values as at 31/12.
Attachment 14873
Have to pontificate and speculation in the meantime, but when the tide goes out, we see who is swimming naked.......:mellow: