Sydney | Reuters — The Australian government is deferring until after an upcoming federal election a politically sensitive decision on whether to allow the sale of one of the country’s biggest cattle empires, S. Kidman and Co., to a Chinese-led consortium. Australian Treasurer Scott Morrison rejected a previous foreign-led offer for the ranching company —
Australia to defer decision on China land deal
Brewers toast Australian gluten-free barley
Sydney | Reuters — Australian scientists say they have developed the world’s first WHO-approved “gluten-free” barley, a breakthrough for global beer manufacturers. They have had to use alternatives to barley such as rice and sorghum to brew gluten-free beer. Australia’s Commonwealth Scientific and Industrial Research Organization (CSIRO) said April 8 it had sold 70 tonnes
Grain consortium lobbying hard for Australia’s biggest wheat exporter
Sydney/Reuters – A consortium seeking to buy Australia’s biggest wheat exporter, Co-operative Bulk Handling Ltd (CBH), is stepping up lobbying for its offer amid concerns the deal may be snubbed and reports of a rival Chinese bidder. The Australian Grains Champion (AGC), which includes farmers and some former directors of CBH, wants to acquire and list
Australia to hike tax on ‘backpacker’ workers
Sydney | Reuters — Australia is set to increase taxes on foreign travellers who work in the country, raising concerns from farmers that their supply of “backpacker labour” at harvest times may dry up and undermine Australia’s ambitions of being Asia’s delicatessen. Australian fruit exports are set to hit a record A$2.27 billion (C$2.19 billion)
GrainCorp to join buyer group for Australian wheat marketer
Sydney | Reuters — Australia’s GrainCorp said Wednesday it was joining a consortium that plans to acquire, then list, Western Australia’s grower-owned Co-operative Bulk Handling Ltd (CBH), the country’s largest wheat exporter. The proposal is led by Australian Grains Champion, a Western Australian grower-led initiative. The acquisition would be valued at A$3 billion (C$2.96 billion),
Australia set to legalize cultivation of medical cannabis
Sydney | Reuters — Australia is expected to legalize the cultivation of cannabis for medical or scientific purposes with a bill introduced to parliament on Wednesday — the first step toward doctors eventually prescribing it to patients with chronic pain. The bill will see Australia create a national licensing and permit scheme to supply medical
Australia blocks foreign firm’s deal for largest farm owner
Sydney | Reuters –– Australia on Thursday blocked the sale of the country’s largest landowner, private farming group S. Kidman and Co., to foreign investors, saying an agricultural area the size of South Korea should remain in Australian hands. Ownership of farmland is a sensitive political issue in Australia amid concerns that foreign buyers are
Heavy rains threaten Australia’s east coast wheat crop – traders
Sydney/Reuters – Heavy rain falling along Australia’s east coast could put up to half of wheat production from the country’s second largest grain producing state at risk of quality downgrades, traders said on Wednesday. As much as 100 millimetres (3.9 inches) of rain is expected to fall across New South Wales on Wednesday and Thursday, forecasts
Drought exposes cracks in Australia’s acclaimed water market
Sydney | Reuters — A pioneering Australian scheme to improve the management of water in the world’s driest inhabited continent is facing its first real test as an intensifying El Nino threatens crops and builds tensions between farmers and environmentalists. The three-year old management plan for the Murray-Darling basin, an area twice the size of
Australia lifts beef export forecast as El Nino bites
Sydney | Reuters — Australia raised its forecast for beef exports by 20 per cent on Tuesday as drought conditions worsened by an El Nino weather pattern force farmers in the world’s third-largest exporter to maintain near-record slaughter rates. Beef exports are expected to total 1.225 million tonnes in the crop year to July 1,
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