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Tag Archives australia — page 16

(Dave Clark photo courtesy ARS/USDA)
Crops, Markets

U.S. grains: Corn, soy drop to new lows as rains soak Midwest

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Chicago | Reuters — U.S. corn and soybean futures dropped to fresh multi-month lows on Monday as widespread rains across the Midwest farm belt bolstered production outlooks for recently planted crops. Wheat futures also eased as rainfall in Western Australia took the edge off global weather worries, although declines were limited as dry weather persisted […] Read more
Shorn sheep in Australia’s outback. (Byronsdad/iStock/Getty Images)
Livestock

Australian lawmaker pushes to end live sheep exports

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Sydney | Reuters — An Australian backbencher on Monday introduced legislation to parliament to ban the export of live sheep after the death of 2,400 animals led to widespread criticism of the A$250 million (C$241.96 million) industry. The bill threatens to expose fractures within the ruling coalition government, which last week introduced tougher oversight of […] Read more
(MGC.com.au)
Livestock

Australia clears Saputo’s Murray Goulburn takeover

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Reuters — Australia’s competition regulator on Wednesday approved a planned $1 billion takeover of the country’s largest dairy processor, Murray Goulburn Co-operative, by Canada’s Saputo. The deal, which Australia’s largest dairy processor says is key to its survival, was approved after Saputo agreed to sell a milk plant in Victoria state to address concerns from […] Read more
(Rahr.com)
Crops, Markets

Prairie malt barley prices lower than feed

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CNS Canada — With feed barley in tight supply, the tables have flipped with feed prices now sitting higher than those for malt barley in Western Canada. Feed barley prices “make some of these other prices look a bit ridiculous. There’s no demand from the domestic maltsters because they’ve all been plugged up ever since […] Read more
(LCBO.com)
Crops

Australia takes Canada to WTO over wine rules

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Geneva | Reuters — Australia has complained at the World Trade Organization about Canada’s rules on wine sales, expanding a similar U.S. complaint against one province. In October, Washington accused British Columbia of providing an unfair advantage to local vineyards by giving their wine an exclusive retail channel in grocery store shelves and cutting out […] Read more
(LDCom.com)
Crops

Dreyfus to sell Australian fertilizer unit to Agrium

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Paris/Winnipeg | Reuters — Global commodity trader Louis Dreyfus has agreed to sell its fertilizer business to Canada’s Agrium as it continues an overhaul in response to tough agricultural markets. Louis Dreyfus is to sell Macrofertil Australia, which has annual sales of around US$120 million, to Agrium’s Australian unit Landmark Operations in a deal expected […] Read more
(MGC.com.au)
Livestock

Saputo woos Australia farmers in Murray Goulburn rebuild

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Winnipeg | Reuters — Saputo, one of Canada’s largest dairy producers, aims to return Australia’s Murray Goulburn Co-operative to profit by aggressively pursuing more of the country’s milk supply, its CEO said on Thursday. The Montreal-based company agreed last week to buy the co-operative for C$1.3 billion including debt, and has already planned 15 meetings […] Read more

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