The wheat were purchased last year when prices were skyrocketing. We believe that flour EBIT would recover in 2HFY23 as MFM has fully drawn down its inventory of highcost wheat. Going forward, the cost of feedstock would also decline as wheat prices have now fallen. --Aminvest 01.09.2023
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
jojo85
458 posts
Posted by jojo85 > 2023-05-24 18:20 | Report Abuse
Sell pressure is still there...no buy signal..