Burra steps up

Burra steps up

Burra Foods has increased milk price paid to its suppliers by 10c/kgMS for the 2021/22 season to a range of $6.70kgMS – $7.10kgMS. Burra chief executive Stewart Carson said the company was seeing low market inventories and good demand. Shipping continues to be an...
Change in rules may alleviate crisis

Change in rules may alleviate crisis

Food shortages and empty supermarket shelves are set to be alleviated with recent isolation rule changes, which clear asymptomatic and COVID-negative staff to return to work. Dairy and meat producers have asked the government for more help to cope with COVID...
BoM: La Niña continues

BoM: La Niña continues

The latest Climate and Water Outlook from the Australian Bureau of Meteorology’s (BoM) is for the current La Niña is to until early autumn. La Niña will likely bring above average rainfall to the east coast but below average rainfall in western Victoria, Tasmania and...
Change in rules may alleviate crisis

Forrest buys into Bega after profit update

Tattarang AgriFood Investments has become a substantial shareholder in Bega Cheese, paying more than $100m for a 6.61% stake in the processor. Tattarang holds a 36% shareholding in Fortescue Metals Group, chaired by Andrew “Twiggy” Forrest. Over six weeks through...
Change in rules may alleviate crisis

Economy recovering but COVID threat remains

Treasurer Josh Frydenberg is feeling upbeat about the local economy, calling Australia’s economic recovery ‘the best in the developed world.” Presenting the latest figures in the Mid-Year Economic Fiscal Outlook, the cash balance deficit for 2021/22 is $99.2bn, down...