Feb 20 (Reuters) - Graincorp Ltd GNC.AX :
* CONTINUES TO ENGAGE WITH LTAP AS THEY UNDERTAKE DUE DILIGENCE AND SEEK TO DEVELOP A FORMAL, BINDING OFFER
* LTAP'S PROPOSAL REMAINS INDICATIVE AND NON-BINDING
* APPROACHED BY NUMBER OF PARTIES WHO HAVE EXPRESSED "SERIOUS" INTEREST IN PURCHASING PART OR PARTS OF CO'S ASSET PORTFOLIO
* SEES ONGOING PRESSURE IN FY19 ON CRUSH MARGINS DUE TO LIMITED SUPPLY OF CANOLA ARISING FROM DROUGHT CONDITIONS