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…

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…

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…

Australian owned Weis 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…

Tit- for- tat trade fear over Australian export meat ban to China

Six Australian meat companies have been barred from selling beef and lamb to China, raising concerns about the reliability of Australia’s $750 million meat ­export trade with the Asian powerhouse. The temporary bans are linked to meatworks in specific locations across three states, with Chinese import authorities imposing the bans because labels “did not comply”…

China has temporarily banned beef exports from several Australian meatworks,

China has temporarily banned beef exports from a number of Australian meatworks, The Australian Meat Industry Council has confirmed it is working with the federal Department of Agriculture through diplomatic channels on the issue. There are shipments currently on the water, although the ABC understands the Australian Government is hopeful it can resolve the issue…

Australian beef processors hit by China export ban

CHINA has placed temporary export bans on as many as six beef processing plants in Australia. There have been allegations the bans are in retaliation to deputy Prime Minister Julie Bishop’s comments last week over freedom of navigation in the South China Sea. One meat processor has confirmed the temporary ban to The Weekly Times….

Concerns for biosecurity risks as raw prawn imports resume

INDUSTRY leaders fear the Government has bowed to ­foreign pressure and rushed a decision to resume raw prawn imports from 7th July , exposing the country to further biosecurity risks. Raw prawn imports were suspended for six months on January 6 as an outbreak of white spot disease spread through farms on the Logan River,…

Whyalla steelmaker Arrium to be sold to British company Liberty House

South Australian steelmaking business Arrium is to be sold to a British company and not the Korean consortium identified as the preferred bidder, the state’s Premier Jay Weatherill has confirmed. The business will be sold to Liberty House which is part of London-based GFG Alliance, with all Whyalla steelworkers expected to keep their jobs. “The…