STOCK-exchange operator NZX has bought another Melbourne-based grain business.
Australian Crop Forecasters, headed by Ron Storey, publishes a monthly report on Australian grain supply and demand.
Customers include grain companies, listed companies, farm input suppliers, agribusiness organisations in Australia and leading grain export and import countries internationally.
In October NZX bought CLEAR for approximately $6.4 million.
If significant trading volumes are achieved over three years, an additional payment will be made.