Gas exports starve local firms, jobs: ACCC

Australian factories are at risk of shutting down and sacking workers as the nation’s gas exporters starve local customers in favour of overseas clients, according to a dire warning from the competition watchdog that clears the way for a gas crackdown. The Australian Competition & Consumer Commission slammed the three gas giants in a clear…

Chinese dairy company Yili makes substantial offer for Murray Goulburn

A CHINESE dairy juggernaut is courting Australia’s biggest milk processor, Murray Goulburn Cooperative, lobbing a buyout offer for the group, sources say. Yili, which makes milk products for the Chinese market, is rumoured to the be in the box seat for the struggling Melbourne-based cooperative after tabling a substantial offer. Confirming last month that it…

US and Japan closer to importing beef to Australia

`FRESH and frozen beef from the US and Japan are a step closer to hitting Australian shores after 14 years. Trade was suspended in the early 2000s due to fears about mad cow disease, or BSE, but a final Department of Agriculture review has found trade can resume — if the countries meet Australia’s strict…

Murray Goulburn: China’s Fuyang Farming weighs MG bid

INNER Mongolia Fuyang Farming is believed to be the latest Chinese party weighing a bid for embattled milk producer Murray Goulburn, joining other such as the listed a2 in the contest. Another company understood to be interested is China Resources, which already owns a stake in the company, The Australian reports. Speculation emerged almost two…

Chinese buy 51pc in Bindaree Beef, Australia’s fourth largest beef processor

Expansion plans are on the horizon again for Bindaree Beef after Hong Kong’s wealthy Hui family this week bought a 51 per cent stake in the northern NSW group in partnership with Beijing-based equity fund, Archstone Investment. The McDonald family’s Bindaree Beef Group (BBG) is Australia’s fourth largest beef processor, which owns the Inverell abattoir…

Chinese buy 51pc in Bindaree Beef, Australia’s fourth largest beef processor,

Expansion plans are on the horizon again for Bindaree Beef after Hong Kong’s wealthy Hui family this week bought a 51 per cent stake in the northern NSW group in partnership with Beijing-based equity fund, Archstone Investment. The McDonald family’s Bindaree Beef Group (BBG) is Australia’s fourth largest beef processor, which owns the Inverell abattoir…

Australian owned Weis company sold to international giant Unilever.

WEIS, one of Queensland’s most beloved ice cream companies has been bought up by international giant Unilever. Weis, which began its life when Les Weis started selling his iconic Fruito Bar in 1957, operates from a factory in Toowoomba.Unilever, who already own Streets ice cream, today announced it has entered into a definitive agreement to…

Tests find white spot disease DNA in supermarket seafood products

A Queensland academic is warning that lifting a ban on the importation of green prawns into Australia is "fraught with danger" and like "playing with fire". On Wednesday Dr Knibb presented the results of the USC Aquaculture Genetics Research Group testing to the Australian Prawn Farmers symposium on the Gold Coast, telling delegates the affected…

Aussies accepting farm sales to China claimed Australia-China Relations Institute

Australians are not as opposed to Chinese investors buying local farms and agricultural assets as often claimed, the Australia-China Relations Institute said. Institute deputy director James Laurenceson said a survey by the group showed the Australian public was more nuanced and sophisticated about the benefits and disadvantages of greater foreign investment in agriculture by Chinese…

New plan to dam WA’s Fitzroy river and create cotton powerhouse

A New South Wales-based company has put forward a new plan to dam Western Australia's Fitzroy River. AM has obtained a leaked copy of the detailed proposal from retired NSW cotton farmer and KIMCO founder John Logan. The document argues it could transform the Kimberley into a cotton powerhouse rivalling New South Wales and Queensland.But…