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…

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…

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…

Food waste shapes up as a national scandal

UP TO half the food produced in Australia every year — about 44 million tonnes — is thrown away. According to an Australian Institute study, Australians are discarding food worth $5.2 billion a year. Shiny potatoes, carrots that are too big and bananas “too sausage-shaped” are being rejected by supermarkets, adding to the food waste…