Ricegrowers Limited (ASX:SGLLV) is looking for acquisitions. Rob Gordon said "Based on the return to more favorable conditions, the group intends to continue to execute its 2024 growth strategy with a focus on new merger and acquisition opportunities, new product initiatives and various capital projects to support greater diversification and resilience. And we also see working capital climb as we -- in that first half as we received a crop and paid for the working capital associated with it, which obviously had an impact on increasing the debt. So we're pleased that the leverage number has come down the way it has, and we would -- all other things be equal, expect to see that drop still further during the second half. Gearing has remained well within our target range. And on the M&A side, therefore, we still think we have ample dry powder. We've got good debt headroom, and we've got leverage rattling off because it's largely high as a consequence of that timing issue. So we'd expect to be able to use our balance sheet for bolt-on acquisitions and increasing in scale".