Australia approves sale of giant Kidman pastoral holdings

Sydney | Reuters –– Australia on Friday approved the A$386.5 million (C$379.3 million) sale of the country’s largest private landholder S. Kidman and Co. to a consortium led by the country’s richest woman Gina Rinehart, after blocking two previous bids. Rinehart and her minority partner, Chinese developer Shanghai CRED, will now complete the purchase of

wheat heads

Australian wheat output seen near record

Rainy forecasts could lead to quality issues and fewer markets, especially if the rain continues

Australia is expected to harvest a near-record wheat crop in 2016-17, slightly ahead of official estimates, a Reuters poll shows, but recent heavy rains may lead to quality downgrades and curb exports. The world’s fourth-largest wheat exporter is set to produce 28.35 million tonnes, a poll of 10 analysts and traders found, just ahead of





(Keith Weller photo courtesy ARS/USDA)

TPP study sees net ‘neutral’ effect on dairy sector

An economic impact study on Canada’s participation in a Trans-Pacific Partnership (TPP) trade deal finds losses in Canada’s dairy sector would be “offset” by gains for dairy processors from cheaper dairy imports. The study, prepared for the federal government by its Office of the Chief Economist and released Friday, notes Canada has offered expanded access

(Fonterra.com)

Australia competition watchdog to widen dairy investigation

Sydney | Reuters — Australia’s competition watchdog will launch a broad investigation into the country’s dairy industry, the country’s deputy prime minister Barnaby Joyce said on Thursday. The investigation comes after Australia’s largest dairy processor Murray Goulburn and New Zealand’s Fonterra Co-operative Group in April reduced their farm gate prices, or what they pay farmers





Australian countryside near Bendigo, northwest of Melbourne. (CIA.gov)

Australia to defer decision on China land deal

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 —

German brewer Radeberger has ordered up 70 tonnes of a new Australian gluten-free barley for use in a new beer it plans to sell at retail. (Radeberger Gruppe KG, Frankfurt)

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