Harold Mitchell cattle station $70m deal sold to wealthy Chinese businessman.

Media man Harold Mitchell has sold his burgeoning cattle station empire in Australia’s Kimberley region in Western Australia for more than $70 million. The sale, which includes APN Outdoor chairman Doug Flynn’s stake as well, is understood to have been acquired by a wealthy Chinese businessman. In 2015 Mr Mitchell appointed KPMG and ANZ to…

Murray Goulburn hit by China customs crackdown 

Back in 2016 – While China starts to limit products that are brought into China from Australia, our government continues on unabated at selling Australia off to the Chinese.  The FTA allows imports from China freely into our market… But we are limited on what we can export to their country ? Who signed the…

Beekeepers concerned about risks from imported honey

Australian beekeepers have called on the federal government to investigate the risk posed to the local $100 million honey industry and bee population by the recent jump in honey imports. The Australian Honey Bee Industry Council is concerned imported honey from countries such as China and Mexico could contain live viruses and bacteria that cause…

Foreign investment jumps 29 per cent to $248 billion last year

Victoria has emerged as the focus for overseas buyers of Australian homes, attracting 44 per cent of residential purchases by foreign investors last financial year. NSW, with 32 per cent of residential home purchases, was the second most popular state for an inflow of foreign property investment, according to the Foreign Investment Review Board’s 2015-16…

Export demand predominantly to China creates orange shortage in Australia 

The citrus growing region of Mildura in Victoria, last year’s record export season saw more than a third of Australia’s citrus fruit exported. The current shortage was partly fuelled by the record 2016 citrus export season, which saw demand from overseas markets, predominantly China, absorb the vast majority of Valencia supplies before Christmas. This season’s…

China’s growing appetite for protein drives beef boom

The mining boom may be over but Australia’s beef cattle bonanza appears to be continuing ­unabated. Almost daily, there is news of wealthy Chinese investors snapping up vast northern cattle stations for multi-million-dollar sums. The Foreign Investment Review Board is believed to have approved on Monday a newcomer’s bid to buy a $100 million cattle…

Chinese buying big in Australian agribusiness

CHINA’S investment in Australian agribusiness has tripled in just one year as China strives to meet rising demand for high-quality food among its growing middle class. In 2016, Chinese companies invested $1.2 billion in Australian agribusiness, three times the investment of $375 million in 2015, shows a report form financial services provider KPMG and the…

Aus farmers struggling due to Imported semi-cooked pork products 

THE pork market has plummeted to the cost of production, with imported pork – including semi-cooked pork bellies and ribs coming from New Zealand – carrying most of the blame. The market has dropped $1 a kilogram since this time last year, according to Victorian Farmers Federation pork committee chair John Bourke, Stanhope. “This time…

Batlow Apples purchased by foreign investors

ONE OF the Riverina’s biggest brands has been purchased by foreign investors.  Batlow Apples will receive a $10 million dollar injection, in exchange of 63.3 per cent of the company’s shares, which will now be held by Ausfarm Fresh Group.  Thursday’s decision came after board members unanimously voted to accept the industry heavyweight’s proposal. Chairman…

Fonterra faces potential bill of $64m to Aussie farmers

Fonterra could owe its Australian farmers $64 million because of a milk supply contract it signed in 2012. If it does not pay up voluntarily, a class action is waiting in the wings to force the issue in the courts. The dairy giant’s Australian chief executive Rene Dedoncker met directors of its farmer milk supplier…