Ruralco loses live cattle export licence

Company News

by Jessica Ellerm

 
Ruralco Holdings Limited (ASX:RHL) has announced one of its live export licences has been cancelled by the Department of Agriculture and Water Resources.
 
The notice of the cancellation came after a number of dairy cattle landing in Japan tested positive to Bovine Johnes Disease.
 
Ruralco has indicated the cattle tested negative prior to departure, and it has commenced a review into procedures within its supply chain.
 
Ruralco has confirmed its other live export business, Frontier International Northern, continues to operate as usual.
 
Ruralco Holdings Limited reported a net profit of $12.71 million at 31 March 2016.

Jessica Ellerm

Finance News Network
Jessica joined FNN in April 2016 and presents the Australian Share Market Outlook, and reports on the morning's leading business stories. Alongside FNN Jessica is a fintech industry commentator, writing for her own blog and a number of international online publications.