Business
Risk posed to Graincorp (ASX:GNC) share price following ACCC verdict
The GrainCorp Ltd (ASX: GNC) share price is likely under the watchful eyes of shareholders today. This is due to the conclusion of the warehousing agreement investigation.
At the time of writing, the GrainCorp share price has dipped 0.3% to $4.71 per share.
A fairer deal for farmers
An investigation was conducted by the Australian Competition and Consumer Commission (ACCC) yesterday. Consequently, it was found that 19 terms in the company’s Grain Warehousing Agreement were unfair under Australian Consumer Law.
GrainCorp acts as an intermediatory between grain growers and grain buyers. Therefore, the company uses an agreement to…
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