Elders Sells Out Of Indonesia

Elders has decided to sell its beef feedlot and processing assets in Indonesia, and has confirmed more deals that will deepen its investment more in its Australian agricultural chemicals business and livestock agency operations. The news saw Elders shares jump more than 3.6%% to $7.99.

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Elders’ Shock Downgrade

Rural services company Elders has downgraded earnings guidance and now expects a full year loss because of low prices for farm supplies, subdued real estate activity and the collapse of management investment schemes in the timber and forestry sector.

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