'Tough turn' for AACo given the challenges on 'domestic and international export' front
AACo Chief Executive David Harris discussed the “tough turn” for agriculture businesses amid the company’s profits falling 25 per cent.
AACo is Australia’s oldest ASX-listed company and turns 200 this year.
“I think most people who have something to do with agriculture or the beef sector in general will know that live cattle process took a very tough turn this year – down up to 40 per cent at certain times,” Mr Harris told Sky News Business Editor Ed Boyd.
“More broadly, the beef market across the world has had its challenges.
“Either on a domestic front or an international export front … process has been tough over the last few months.”
Видео 'Tough turn' for AACo given the challenges on 'domestic and international export' front канала Sky News Australia
AACo is Australia’s oldest ASX-listed company and turns 200 this year.
“I think most people who have something to do with agriculture or the beef sector in general will know that live cattle process took a very tough turn this year – down up to 40 per cent at certain times,” Mr Harris told Sky News Business Editor Ed Boyd.
“More broadly, the beef market across the world has had its challenges.
“Either on a domestic front or an international export front … process has been tough over the last few months.”
Видео 'Tough turn' for AACo given the challenges on 'domestic and international export' front канала Sky News Australia
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