CROP OUTLOOK PRESSURES VITERRA SHARES

Viterra has reported a profit of $18.4 million, down from $26.3 million a year earlier. Revenue rose 28 per cent to $2 billion, reflecting the purchase of Australia’s ABB Grain last September. Viterra’s shares are under pressure from due to expected loss of volume due to seeding problems in Western Canada and slow Australian export movement. Last Monday Viterra stock was down seven per cent, or 58 cents to $7.64 compared to a 52-week high of $11.80.

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