Olam

Olam: share price may see some uncertainty, after the Commonwealth Bank (CBA) warns that Queensland may see some cotton crop losses on flooding, with the worst inland flooding through the Darling Downs region where production losses are likely. CBA adds, heavy rainfall is also widespread in parts of New South Wales, with most of the state’s cotton crops expected to benefit from the additional moisture, although there will be some exceptions. Olam, via Brisbane-based Queensland Cotton, has access to about a third of the cotton crop in Australia, the world’s No. 4 shipper of the fiber, based on 2007 data.