Chinese buyers pay top dollar for Hawkesbury properties

The sale of Windsor’s Lachlan Court building to a Chinese buyer is part of a trend happening around the Hawkesbury. The $9.5m figure achieved was only possible by marketing it overseas, selling agent David Lee from Leaders Estate Agents at Gladesville told the Gazette on Thursday. “Local developers could only come up with $6m,” he said….

Pineapple go to waste farmers warn of shortage

North Queensland farmers are being forced to leave hundreds of tonnes of pineapples to rot due to a glut of the fruit. Ideal growing conditions across Queensland have led to a bumper season, forcing down the amount of money paid to farmers for their crop. In many cases, it’s not enough to cover the cost…

Chinese police seize 14,000 bottles of counterfeit Penfolds wine

THOUSANDS of bottles purporting to be Penfolds’ top-shelf wine have been seized in an anti-counterfeit operation in China. Chinese police seized 14,000 bottles of counterfeit wine following a complaint by Penfolds’ parent company Treasury Wine Estates about three months ago. The fake premium products were sold through Chinese giant Alibaba’s consumer-to-consumer website Taobao with sales…

130-year-old Brownes Dairy sold to Chinese firm.

One of Western Australia’s most recognised household dairy names — the 130-year-old Brownes Dairy — has been sold to a Chinese firm. Brownes chief executive Tony Girgis announced today the private equity group Archer Capital had sold the company to Shanghai Ground Food Tech, who they described as “experienced dairy operators who understand the industry”….

Foreigners in charge of Australia’s dairy destiny: Murray Goulburn sale

THE Australian dairy industry is no longer in charge of its own destiny. ANALYSIS: And the days of the large dairy co-operative are over. If Canada’s Saputo, with an annual turnover of $US8.4 billion last year, is successful in buying Murray Goulburn it would control up to three billion litres of milk in the Australian…

Murray Goulburn sold to Canadian – owned Saputo for $1.3 billion

CANADIAN family dairy company Saputo Inc has won the battle for Victorian-based dairy co-operative Murray Goulburn. Murray Goulburn has announced it has entered into a binding agreement to sell to Saputo Dairy Australia Pty Ltd, the Australian arm of the Canadian dairy giant, for $1.3 billion. The deal is subject to approval from the Foreign…

Grazier says mega-mine could ruin water

HAVING lived his whole life on the land, grazier Bruce Currie is determined to leave the country he’s farmed in better shape for future generations. But he’s worried Adani’s planned Carmichael mega-mine will have irreversible effects on the only source of fresh water for much of inland Australia. Mr Currie said it was uncertain what…

Palaszczuk Government resume Emerald farmland for Adani rail link

THE State Government has resumed 3568ha of agricultural land for Adani’s rail line from the planned Carmichael Mine to Abbot Point. The decision was Gazetted last week and has angered a farm group partly backed by the Tim Flannery-led Climate Council. Land resumptions are a normal part of any infrastructure project and Adani said it…