Ricegrowers Ltd. Class B · ASX:SGLLV
Ricegrowers Ltd. Class B — Corporate Update (February 2011)
8 slides from Ricegrowers Ltd. Class B's corporate update, February 2011
Slide 1: SunRice Update
SunRice Update February 2011
Slide 2: Market Update
Market Update • Global rice market conditions continue to be challenging due to: – Increasing competition from US medium grain sources – Cheaper alternative long grain sources – The rising strength of the Australian dollar 2
Slide 3: Global Rice Markets: Processed Medium and Long Grain Prices
3 $1,000 $1,200 $1,400 $200 $400 $600 $800 Dec 04 Feb 05 Apr 05 Jun 05 Aug 05 Oct 05 Source: Creed Reports Dec 05 Feb 06 Apr 06 Sacramento Jun 06 Aug 06 Medium Grain US FOB Oct 06 Dec 06 Feb 07 Apr 07 Jun 07 Global Rice Markets: Aug 07 Oct 07 Dec 07 Feb 08 Apr 08 Jun 08 Aug 08 Oct 08 Dec 08 Feb 09 A
Slide 4: 2009/10 Pool Pricing
2009/10 Pool Pricing • The 2009/10 Premium Pool paddy return is $550 p/tonne (medium grain) • The No. 2 Pool, on current indications, is likely to be in the range of $315 - $340 p/tonne • This is significantly below the indicative price given at planting time, when the: – World market price outlook;
Slide 5: 2010/11 Crop Budget
2010/11 Crop Budget • We are now preparing the 2010/11 Crop Budget, which will determine the indicative price for the current crop • The indicative price will be released in line with our commitment to provide the price prior to shareholders considering the Ebro offer • At this stage we envisage thi
Slide 6: Ebro Offer Update
Ebro Offer Update • You will receive the Scheme Booklet, including the Independent Expert’s Report, in April 2011 • Shareholder meetings will follow across the regions • At this stage, we expect shareholders to vote on the proposed offer in May • This is a little later than originally planned due to
Slide 7: Ebro Offer Update
Ebro Offer Update • It is important that all shareholders are in a position to make an informed decision on the offer • We encourage you to carefully read the Scheme Booklet and attend one of the shareholder meetings • Please contact one of the Directors or Grower Services with any questions 7
Slide 8: Marketing Highlights
Marketing Highlights • Strong SunRice market share in Australia – YTD Jan 2011 basis: – Retail Table Rice market share: 62% (Volume) and 60% (Value) – Microwave Rice market share: 61% (Volume) and 64% (Value) – Rice Cakes market share: 63% (Volume) and 64% (Value) – Ready to Go Meals market share: 5
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