# Ridley FY24 earnings lift, return to Tas milling announced - Grain Central

> Ridley Corporation reported higher FY24 earnings and announced the purchase of a feedmill in Carrick, Tasmania, from Pure Foods Eggs for $6.5 million. The company plans to lift output there from one shift to three and is building a new ingredient-recovery facility at Timaru, New Zealand.

- Date: 2024-08-21 · published 2024-08-21T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/28910-ridley-fy24-earnings-lift-return-to-tas-milling-announced-grain-central
- Commodities: [Meat & Bone Meal](https://feedsoft.ai/c/MBM.md)

## Why it matters

The expansion adds local feed milling capacity in Tasmania, a company-level development with little direct effect on global feed grain or meal prices.

## Sources

- graincentral.com: https://www.graincentral.com/news/ridley-fy24-earnings-lift-return-to-tas-milling-announced/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.