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ABC News
ABC News
Business

GrainCorp posts record 2022 profit but floods devastate NSW crop

GrainCorp New South Wales Xavier Martin

Grain handler GrainCorp has reported a record profit for the last financial year but it comes as New South Wales farmers lose crops to heavy rain and flooding.

Results from a NSW Farmers survey showed more than two-thirds of farmers who responded said they were experiencing flooding for the second year in a row and many were struggling to recover from years of drought.

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