SunRice Mid-Year Results a Boost for Growers

20 Dec 2013 11:37 AM -

The Ricegrowers’ Association of Australia (RGA) has welcomed the half year results released by SunRice yesterday saying the benefits of the company’s strong performance will flow into local communities just in time for Christmas.

SunRice also announced a $20 per tonne increase to the indicative paddy price for the C13 crop resulting in a one off supplementary payment of $15 per tonne for all rice varieties which is payable to growers immediately.

RGA President, Les Gordon, said the timing of this announcement from SunRice couldn’t be better.

“Growers are about half way through the season and approaching a critical time for the crop when it needs additional nutrients and precise water management,” Mr Gordon said.

“The supplementary payment will provide a welcome boost to growers’ cash flow for the start of 2014.”

Read the full media release here.