Report: Buybacks Could Devastate Dairy

Report: Buybacks Could Devastate Dairy

A report has found water buybacks in the Southern Murray-Darling Basin could significantly reduce milk production between 3% and 15% in the region. The report commissioned by Dairy Australia has analysed impacts in dairy farm businesses, processors and local economies...
Report: Buybacks Could Devastate Dairy

Bega Wants Informal ACCC Clearance

In an ASX-announcement, Bega Group says it advised the Australian Competition and Consumer Commission (ACCC) of an intention to lodge an application for an informal merger clearance of its potential acquisition of Fonterra Oceania. Bega is not shy about its intentions...
Report: Buybacks Could Devastate Dairy

Maggie Beer Sells Off Dairy Assets

Katoomba Global Foods is acquiring Maggie Beer’s Paris Creek Farms for $500,000 as the company disposes of non-core assets. Paris Creek Farms produces milk, butter, cheese and flavoured yogurt. Maggie Beer announced the sell off in an ASX filing saying the sale...
Consumer Mood Rose in June

Consumer Mood Rose in June

The Westpac-Melbourne Institute consumer sentiment index rose to 92.6 in June, up from 92.1 the month before. Despite sitting 10.8% above the prior year, pessimists still outnumber optimists with the reading below 100. Consumer attitudes towards major purchases have...
Report: Buybacks Could Devastate Dairy

Vic Cows Exit As Dry Bites

As feed supplies dwindle, increasing numbers of Victorian dairy cows are being sent to slaughter. Abattoirs across the state are reportedly struggling to keep up with demand, leading to backlogs of up to three weeks. Around 24,000 cattle were recently sold at markets...
Report: Buybacks Could Devastate Dairy

Jervois Plant, Land Up For Sale :

The former Beston dairy factory at Jervois in South Australia is up for sales along with five grazing blocks near the site. The sell-off is due to Beston’s collapse earlier this year with administrators KPMG trying to recoup some losses. When Beston was placed in...