Australia grain harvest running to record

01.30.2023 CANBERRA, AUSTRALIA — With wheat and barley leading the way, Australia is set for a third consecutive record grain crop and strong exports, according to a Global Agricultural Information Network report from the Foreign Agricultural Service of the US Department of Agriculture (USDA). Wheat production is estimated to have reached a record 37 million tonnes in marketing year 2022-23;

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United Spirits Q3 Results: Profit slumps 64.4% QoQ hurt by soaring input costs

Indian alcoholic beverage maker  United Spirits Ltd NSE -5.90 % on Tuesday reported a 64.4% slump in quarterly profit, hurt by soaring input costs, falling sales and a one-time expense. The maker of Johnny Walker whiskey reported a profit of 1.11 billion rupees ($13.61 million) in the quarter ended Dec. 31, down from 3.11 billion rupees in the previous year. The

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Inflation has sent drinkers toward cheaper beer or fancier booze

‘Above premium’ beer saw ‘slowest share gain in years’ in 2022, analysts say, as lower-income drinkers moved to cheaper suds and higher-income consumers looked to spirits or wine A divide between wealthy and not-as-wealthy alcohol consumers is hurting makers of premium beer, Cowen analysts said in a note on Wednesday. Inflation-drained lower-income drinkers are seeking cheaper beer and liquor —

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