Elders is expecting underlying earnings to jump as much as 24 per cent after it decided to stop exporting live animals to China.
But live exports to other Asian nations will continue.
The agribusiness has reviewed its live dairy and beef cattle shipments China, Indonesia, Vietnam and Malaysia.
Chief executive Mark Allison says long haul shipments to China aren’t creating satisfactory returns on capital or margins.
“Poor margins and capital inefficiency in the long haul business warrant an immediate cessation of that business,” Mr Allison said in a statement on Monday.
“While we continue to…
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