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Business

Derek Rose

Graincorp half-year profit falls 75pc to $50 million

Grain and oilseed markets have normalised after extraordinary years due to the war in Ukraine. (HANDOUT/LOAM BIO)

Graincorp's half-year profit has dropped by three-quarters as grain prices fell and the agribusiness experienced a decline in east coast production.

Graincorp on Thursday announced a $50 million net profit after tax in the six months to March 31, down from $200 million a year ago.

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