Australia is forecast to produce 36.6 million tonnes ( mln tonnes) of wheat, 13.4 mln tonnes of barley and 7.3 mln tonnes of canola from the winter-crop harvest now under way, according to estimates released on December 6 by ABARES in its quarterly Australian Crop and Agricultural Commodities reports. The wheat figure is up 14pc from the previous estimate released in September of 32.2 mln tonnes, and breaks the national production record set in 2021-22 of 36.3 mln tonnes. The canola estimate
Thai Beverage (ThaiBev) posted better-than-expected results for FY2022 ended September, with revenue and patmi at 101% and 109% of forecasts, says PhillipCapital’s head of research Paul Chew. “We expect FY2023 to be a year of growth as the reopening of borders and entertainment outlets resume, increased selling prices and demand further spurred by multiple events including the World Cup and upcoming elections. Gross margins are expected to improve as commodity prices taper down but higher marketing spend will dampen the margin
