–The below is a company sponsored announcement–
Food Revolution Group ((FOD)) could be the turnaround ASX story of the last 12 months.
Turnarounds usually occur when a new management team takes over an underperforming business and “turns it around” to become hugely successful for themselves and, within the investment community, shareholders.
FOD was an established business, with a valuable asset which previous management failed to maximise.
As such, its share price languished.
Problematically, while you would recognise FOD’s key brand if you passed it in the supermarket, you’d be hard pressed to find anyone who could tell you that FOD is behind the brand.
Is Food Revolution Group the Turnaround Story of the Year? macrobusiness.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from macrobusiness.com.au Daily Mail and Mail on Sunday newspapers.
Australian corn processors are now importing produce from Thailand due to shortages of locally-grown product
WedWednesday 10
FebFebruary 2021 at 8:22pm
The industry is banking on the upcoming corn harvest to replenish the supply of Australian corn.
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Australia has run out of locally-grown corn due to a perfect storm of drought and COVID panic-buying, which forced local processors to import Thai produce.
Key points:
Australian suppliers have been forced to import Thai corn because of a local shortage
There was already a low supply of corn due to the impact of the drought from 2017-2019
Locally grown canned corn then ran out in 2020 due to a surge in demand from COVID panic-buying
Frozen Fruits and Vegetables Market Key Players Review and Forecast sandiegosun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sandiegosun.com Daily Mail and Mail on Sunday newspapers.