NZ throws out the cream to make clean Aussie exit
By going down the value chain, Fonterra is turning dairy convention on its head.
Agribusiness
GrainCorp ups fuel ambitions to $500m with budget tailwind
The agribusiness has increased its capital expenditure target for a new oilseed crush facility to $500m, with the budget’s green fuels focus providing a boost.
‘Cost crisis’: Cadbury boss flags exodus
Food makers could head the way of local car, textiles industries and shift overseas if profit shaming and cost pressures are not addressed, Mondelez Australia chief Darren O’Brien says.
AACo reports profit drops from record, optimistic outlook
Beef giant AACo has cooked up its second biggest profit ever, but all eyes remain on how billionaires Joe Lewis and Andrew Forrest may shape the future of the company.
Aussie tea producer bags new market with ‘wellness’ brew
A renowned Australian tea producer is focusing on its ‘health wellness infusion’ range as demand declines for the traditional ‘cuppa’.
Miner, farmers in emissions tech war
Glencore has warned that scuttling its controversial carbon capture and storage project in the Great Artesian Basin would be the ‘death knell’ for onshore CCS.
Middle Eastern oil money’s fight for Australian cotton
The battle for control of Naomi Cotton is heating up after Olam Group, backed by Saudi Arabia’s PIF, raised its offer against the Abu Dhabi-backed Louis Dreyfus.
NAB holding $55m debt in struggling dairy firm
Beston Global Food Company’s debt has blown out to almost $70m, with the company, which has never turned a profit, owing NAB alone more than $55m.
Coalition’s lessons learnt from Morrison-era belligerence
China trade is a difficult maze to negotiate but as new normal emerges, has the federal Opposition learnt anything from the Morrison-era sanctions? The Nationals’ Kevin Hogan says yes.
Qantas Super pumps $200m into agribusiness
Qantas Super is partnering privately owned agricultural investment company GO.FARM to transform under-utilised agricultural land in the NSW Riverina and northern Victoria.
Farmers at crisis level, Senate inquiry hears
Farmers aren’t paid enough for their produce while supermarkets use cheap vegetables as ‘clickbait’ to get shoppers through their doors, a Senate inquiry has heard.
Coles pushes suppliers to strip costs
In a letter to suppliers, a senior Coles executive has said the lowering of costs is a ‘joint obligation’, as supermarkets face political heat.
Talking dirty: why the soil carbon debate hasn’t been settled
It’s a methodology which is yet to be fully embraced by even ardent proponents of climate action so can carbon capture be a win-win for farmers and industry?
No grape expectations as glut sees prices plunge
Australia’s biggest grape growing region is on the brink of collapse, with growers demanding an immediate moratorium on all new plantings as grape prices plunge.
Axes out: Labor’s internal forest war
Labor is fighting its own ‘forest wars’, as rival policy groups clash over a push to abandon ‘gold standard’ forestry certification.
Albanese urged to intervene on logging dispute
The Albanese government is under pressure to stop Tasmania logging native forests protected under Julia Gillard, as state Labor and key timber players refuse to back the Liberals’ harvesting expansion.
Logging plan to reignite forest war
Tasmania’s Liberal Premier is vowing to boost timber supply by logging 40,000ha of protected native forests, wedging Labor for the March 23 state election.
Forest industry backs Aboriginal land hand-backs in return for logging
Key Tasmanian forest industry figures are pushing a radical plan to allow logging of some of the state’s contentious forests in return for most being protected under Indigenous custodianship.
Wine crisis hits top organic producer
One of the country’s largest organic wineries has fallen into administration amid a deepening crisis facing Australian growers and wine producers.
Consortium to plough $200m into Costa
A US agribusiness private equity giant is leading a consortium that plans to back the expansion of Australia’s largest fruit and vegetable company.
Original URL: https://www.theaustralian.com.au/business/agribusiness/page/5