The company also said in a presentation to the Austock Agribusiness Conference that it had set targets to reduce its overheads by at least five per cent, excluding significant items, by September 30, 2009.
AWB also flagged longer term cost reduction initiatives beyond fiscal 2009, in a slide presentation by its managing director Gordon Davis.
AWB shares were 12 cents, or 10.26 per cent, at $1.29 at 10.32am (AEDT).
David Jones profit up 2.4pc
Oz Minerals posts $2.5bn loss
