![Large Logo Graincorp](https://img.feedandgrain.com/files/base/wattglobalmedia/all/image/2020/09/fg.Large_Logo_Graincorp.jpg?auto=format%2Ccompress&q=70&w=400)
Australia’s GrainCorp Ltd. said on Thursday it will take a $28.7 million hit to half-year earnings, blaming international trade tensions and a severe drought, sending its shares to a three-week low.
Reuters reports the country’s largest listed agribusiness did not give further details, but industry sources said there had been a slowdown in Chinese demand for barley as Beijing considers whether to introduce tariffs on Australian supplies.