Profits drying up

Low rainfall could slash agribusiness Ruralco's profit in the first four months of its financial year by up to 70 per cent from $11 million previously, managing director John Maher says. A lack of rain in most key agricultural regions had reduced demand for chemicals and lower demand for restocking livestock had also affected livestock prices.

Low rainfall could slash agribusiness Ruralco's profit in the first four months of its financial year by up to 70 per cent from $11 million previously, managing director John Maher says. A lack of rain in most key agricultural regions had reduced demand for chemicals and lower demand for restocking livestock had also affected livestock prices.

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