# SunRice profit down 42pc despite global price gains – and ASX listing nears | Farm Online | ACT

> SunRice's net profit for the six months to October 31 fell 42% to A$13.9 million, though first-half sales rose 7%. The company is sourcing export orders from overseas because of limited irrigation water and mothballed milling infrastructure, while global purchasing costs rose about 30% in six months. Its CopRice stockfeed sales rose 50% amid drought-driven demand.

- Date: 2019-01-21 · published 2019-01-21T12:00:00.000Z
- Category: weather · region Australia · magnitude low
- Page: https://feedsoft.ai/events/61167-sunrice-profit-down-42pc-despite-global-price-gains-and-asx-listing-nears-farm
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Drought in southern NSW shrinking Australian rice supply and lifting import costs points to firmer rice prices and stronger demand for stockfeed alternatives. Company-level results have little direct price effect on the market.

## Read by commodity

- RICE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2019-07-17 | [Farmers start transplanting paddy despite lack of chemical fertiliser](https://feedsoft.ai/events/58410-farmers-start-transplanting-paddy-despite-lack-of-chemical-fertiliser.md) | +1.6% | -2.8% |
| RICE | 2017-09-13 | [Rice, lentils turn dearer as Dashain fever grips Nepal - OnlineKhabar English News](https://feedsoft.ai/events/69024-rice-lentils-turn-dearer-as-dashain-fever-grips-nepal-onlinekhabar-english-news.md) | +0.7% | -5.3% |
| RICE | 2023-07-14 | [Indian rice prices up 10% in global market, affect export demand - The HinduBusinessLine](https://feedsoft.ai/events/5097-indian-rice-prices-up-10-in-global-market-affect-export-demand-the.md) | -16.0% | -15.2% |
| RICE | 2023-07-18 | [Why Indian farmers worry despite 'average' monsoon rains](https://feedsoft.ai/events/5099-why-indian-farmers-worry-despite-average-monsoon-rains.md) | +5.4% | +1.8% |
| RICE | 2020-01-31 | [Asia Rice-Indian prices extend gains as Thailand battles drought \| Financial Post](https://feedsoft.ai/events/55154-asia-rice-indian-prices-extend-gains-as-thailand-battles-drought-financial-post.md) | -0.3% | -0.3% |

## Sources

- farmonline.com.au: https://www.farmonline.com.au/story/5862662/sunrice-half-year-profits-drop-to-14m-despite-sales-lift/

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