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.

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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