date:Nov 19, 2012
orp, the growth initiatives we are confident of delivering, and formed a view on fundamental value which is materially different from the ADM proposal, said Watkins.
The grain trade has doubled in the last 40 years, so has malt, and edible oils has tripled in the last 10 years. We expect this kind of demand to continue unabated. Australia is in the right place at the right time to participate in that growth, added Watkins.
US company ADM, which already owns a 14.9% stake in GrainCorp, said tha