‘Under attack’: food producers
More people are moving to the country, but remote working and border closures mean food is being left to rot with nobody to pick, pack and tend to crops.
More people are moving to the country, but remote working and border closures mean food is being left to rot with nobody to pick, pack and tend to crops.
The Chinese part-owner of the once-mighty Kidman cattle empire is not withdrawing his investment from Australia, according to the chief executive of S. Kidman and Co, John McKillop.
It’s clear the next six months are going to rank as some of the most challenging for the agribusiness industry.
A year ago Woolworths made an important decision to help get the most out of their supply side in beef and lamb.
In many ways, the agriculture industry is much more successful than it has ever been but the sector today faces a growing number of uncertainties.
Coles chief Steven Cain says grocery suppliers knocking on his door asking for price rises is up five times, while his managers are losing staff to other industries where they can earn more.
The Albanese government should encourage more local food production with accelerated depreciation allowances of up to 150 per cent, says Darren O’Brien.
The time has come for Australia to step up to its responsibility to help feed the world in the wake of the shocks and disruptions to the global food system, says Anthony Pratt.
Food prices are set to soar 10 per cent this year, eroding the profit margins of farmers and processors.
The nation’s biggest animal feed miller, Ridley, is pushing through price increases for farmers of 30 to 50 per cent, which may lift prices for meat, poultry and fish.
A new Agribusiness Index on the ASX should drive an increase in capital for primary producers as they look to expand.
Global food shortages will create a ‘huge opportunity’ for Australian producers in the next decade, says high-profile stockbroker Angus Aitken. Here are four on his radar.
A new gulf has emerged between price makers and takers in Australia’s agribusiness boom.
The major fruit and vegetable grower warns inflationary pressures across transport, fertiliser and shipping will remain elevated.
The Queensland company that pioneered the red-tipped Ecoganic banana is expanding its range into papayas and mangoes and examining new export markets in Southeast Asia.
Elders is delivering strong results across the board, contributing to a 34 per cent jump in profits and upgraded earnings guidance.
Companies should move quickly to take advantage of a new trade deal with India that will reduce tariffs on a range of goods.
The boss of Nufarm says the company is on track to generate $4bn in annual revenue by 2026 after reporting a 61 per cent half-year profit surge.
AACo investors will be updated at the beef producer’s annual meeting about when it is likely they will be paid a dividend again after a 14-year payout drought.
People returning to pubs and bars helped boost sales for the world’s fourth largest maltster but shipping delays and inflation impacted earnings.
Original URL: https://www.theaustralian.com.au/business/agribusiness/page/29