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SYDNEY (Reuters) Wild swings in wheat prices canada goose clearance sale and uncertainty surrounding global supplies are burnishing the allure of Australian grain firms for international companies looking to tie up sources of consistent high quality supplies.
As drought cuts supplies from the Black Sea, the rapid pace of deal making in the canada goose uk black friday world fourth largest wheat exporter looks set to accelerate against a backdrop of rapid consolidation Canada Goose Online in the sector, which Australia opened to foreign investment in 2008. Department of Agriculture expects will be 12 percent in 2010/11 makes its firms a good target for international outfits looking to grow and spread geographically, analysts said.
buy canada goose jacket cheap are looking to spread their risk on a global basis so Australia has to be within their global sight, said one of the country top grain analysts, Malcolm Bartholomaeus of Callum Downs Commodity News. buy canada goose jacket cheap
canada goose still scope for canadian goose jacket overseas companies to get a foothold in the canada goose fur Australian market and particularly with the supply conditions that we seeing out of the Black Sea, he said in Canada Goose sale a reference to Russia worst canada goose clearance drought in more than a century. canada goose
canada goose coats Chicago Board of canada goose Trade wheat futures have lost around 22 percent since hitting a two year high of $8.41 a bushel this month on Russian export curbs, whose impact could be amplified by Ukraine decision to halve its 2010 exports. canada goose coats
canada goose clearance FIRMS SMALL BY WORLD STANDARDS Australia grain firms, small by world canada goose coats on sale standards, are likely to acquiesce to the advances of foreign majors instead of bulking up and moving overseas, analysts say. canada goose clearance
Agrium all canada goose store cash offer, pitched at A$1.50 per https://www.canadagooseoutletmall.com share, leapfrogged a recommended merger with GrainCorp, eastern Australia largest grain handler. GrainCorp made an offer last month that valued each AWB share at A$1.047.
canadian goose jacket the merger between GrainCorp and AWB is interrupted uk canada goose outlet by an external bid where they significantly lifted the value, then that would leave GrainCorp on the table, making it ripe for an international takeover, as I not sure if anyone in Australia has the capacity, said Bartholomaeus. canadian goose jacket
canada goose black friday sale Farmer buy canada goose jacket cheap owned CBH Group, Australia largest grain handler, is the only potential domestic candidate that could take on GrainCorp, but its ability to raise capital canada goose uk outlet is limited Canada Goose Parka by its cheap canada goose uk co operative structure, analysts said. canada goose black friday sale
canada goose coats on sale are not too many (publicly listed) opportunities there really only GrainCorp after this, as it will be the last of the standing listed companies that could be taken out, said Belinda Moore, an cheap Canada Goose agribusiness analyst with RBS Morgans. canada goose coats on sale
Canada Goose Outlet GrainCorp Chief Executive uk canada goose Alison Watkins struck a canada goose black friday sale note of self defense in the face of the advances of global giants last month when describing the deal to buy AWB. Canada Goose Outlet
would be hard for these two organizations if they remained apart to avoid the fate of being ultimately taken over by one of those strong international players.
cheap Canada Goose But the mergers are unlikely to canada goose factory sale influence wheat prices as there are many suppliers and traders in the global wheat market, as well as non commercial players such as investment funds which also influence prices. cheap Canada Goose
canada goose store AWB, the former Australian Wheat Board, which shipped 2.5 million tonnes in the November to July period, or nearly 28 percent of the country wheat exports, faces competition from firms merging or forming joint ventures to bulk up their balance sheets and accumulate grain and win export buy canada goose jacket orders. canada goose store
Canada Goose sale Agrium canada goose coats takeover of AWB would give it grain handling and trading services to complement businesses such as providing farm inputs canada goose uk shop like fertilizers and crop protection products. Canada Goose sale
Canada Goose Parka don have a presence in grain trading so you have Canada Goose online to wonder if grain trading is Canada Goose Jackets core Canada Goose Coats On Sale (for Agrium), said Moore. it non core, they may look to sell that to someone else. Canada Goose Parka
Another possible takeover target is CBH Group, the largest wheat exporter in Western Australia, the country top grain exporting Canada Goose Outlet state.
Canada Goose online But snapping up CBH will be an uphill battle after the group voted this month to retain its co operative ownership structure, blocking any move toward listing the company that could ease a possible takeover. Canada Goose online
buy canada goose jacket CBH owners feared such a move would spark an increase in handling costs, as a listed group would aim to lift returns to shareholders. buy canada goose jacket
canada goose deals Agrium entry comes a year after Viterra bought grains handler and exporter ABB Grains Ltd, based in South Australia. canada goose deals
Canada Goose Jackets Analysts said more bids for AWB could emerge, with Cargill, Bunge and Viterra mentioned as potential suitors, but GrainCorp was seen unlikely to make a counteroffer, since it lacked the balance sheet strength for a cash offer Canada Goose Jackets.