Fengrain loses

[willy]

As an aside, Nidera UK have become COFCO international ltd, backed by COFCO corporation, with total assets of 70 billion dollars.

I thought they would have changed their name to 'Claims R us'.

 

[yellow belly]

From memory Viking cereals did not post a year with a loss
Accounting profit does not guarantee liquidity

All farmers should understand the different trading relationship and their terms of trading conditions of coops merchant and agents before they start farming if not then get educated on the subject

 

[Honest john]

Yes indeed they built a 10,000 tonne store for Malting Barley last year and have started on a NEW AD plant !!

I must comment here, as far as I know they have planning for AD but no decision has been made.
If it does go ahead it's likely with a third party.

With these things crop is usually grown well before a digger turns up.

 

[Seed&Grain]

Were Fengrain on the creditors list of Wellgrain?

No they are not on the creditors list.