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NEWS
UPDATED 30 APRIL 2007
INDEXNOV 06DEC 06JAN 07FEB 07MAR 07APR 07LATEST

30 Nov 2006 | Single desk may stay in some form
There is likely to keep a reformed version of the so-called single desk wheat export system rather than moving to a totally deregulated system. ...... FULL STORY

29 Nov 2006 | AWB faces multiple court actions
AWB is facing a $60 million class action from institutional and retail shareholders who have lost money and believe that directors misled them. ...... FULL STORY

29 Nov 2006 | AWB to split
AWB will announce plans today to quit the wheat export market by spinning off AWB International, the company's wholly owned subsidiary that controls the single desk. ...... FULL STORY

29 Nov 2006 | Drought slashes water usage
Australian agriculture is using 25 per cent less water than it was five years ago because of the drought. ...... FULL STORY

28 Nov 2006 | Eleven AWB execs recommended for criminal charges
Eleven current and former executives of AWB are to be investigated for criminal charges for the actions in organising the payment of kickbacks to Iraq in connection with the export of Australian wheat. ...... FULL STORY

28 Nov 2006 | ABB shutting silos
ABB Grain, Australia's biggest barley exporter, says it is closing silos, cutting staff and delaying pay increases to prepare for lower crops as dry conditions intensify. ...... FULL STORY

24 Nov 2006 | Beef, dairy and sugar farmers on firm ground
Beef, dairy and sugar farmers were still saving for adverse times earlier this year while grain and sheep farmers were drawing on savings. ...... FULL STORY

24 Nov 2006 | 560 cane farmers benefit from sugar aid
Only 560 sugar cane farmers ever received financial assistance from the federal government under a package designed to cut the number of growers. ...... FULL STORY

24 Nov 2006 | CBH waives storage fees for a month
CBH is providing growers with free wheat storage. ...... FULL STORY

23 Nov 2006 | Sugar levy dropped
The three cent a kilogram levy on sales of sugar cane will be scrapped at the end of November. ...... FULL STORY

23 Nov 2006 | AWB profit dives
Wheat exporter AWB said profit fell 68 per cent to $58.1 million, due to the drought as well as lost sales and huge costs associated with the Cole inquiry and Iraqi kickbacks. ...... FULL STORY

23 Nov 2006 | AWBI defends single desk
AWB International, which holds the right of veto over wheat exports by any entity other than AWB, said the single desk system allowed AWB to realise price premiums of $16 per tonne above comparable grades in the international market in the 2003/04 pool. ...... FULL STORY

22 Nov 2006 | Wimmera harvest a write-off
A survey of 962 Wimmera paddocks by the Primary Industries Department found only 24 per cent of paddocks were harvestable at an average of up to one tonne a hectare, 43 per cent were not harvestable and three per cent had been cut for hay. ...... FULL STORY

22 Nov 2006 | Meat producers fret over contaminated feed
Cattle Council and Sheepmeat Council meetings were told that some feeds, harvested from failed crops, could prove to be contaminated with chemical and pesticide residues. ...... FULL STORY

22 Nov 2006 | AWB lobbies for slow transition to free market
AWB has accepted the loss of the so-called single desk, which has protected its monopoly and is now preparing for what it hopes will be an orderly transition to full deregulation of the market... ...... FULL STORY

22 Nov 2006 | GM ban under review
Victoria may review a ban on the growing of genetically-modified crops. ...... FULL STORY

21 Nov 2006 | Growers prefer to warehouse reduced wheat crop
Less than eight per cent of the wheat harvested so far has been earmarked for the monopoly exporter AWB. ...... FULL STORY

21 Nov 2006 | Barley crop at a 10 year low
Australian Crop Forecasters cut its estimate of Australia's current barley crop to 3.4 million tonnes, down from last season's production of 9.5 million tonnes. ...... FULL STORY

20 Nov 2006 | Final veto for AWB
AWB will lose its power to veto grain exports, though some other statutory authority may have the power to allocate, or at least veto, grain exports. ...... FULL STORY

20 Nov 2006 | AWB vetos CBH export plan
Monopoly wheat exporter AWB used its veto power to block a two million tonne wheat shipment by West Australian grains giant CBH. ...... FULL STORY

20 Nov 2006 | Grain prices flourish as crops don’t
The Westpac-National Farmers Federation commodity index rose by 6.4 per cent in October. ...... FULL STORY

15 Nov 2006 | Grain imports needed for eastern states
Australia will import grain for the first time in 10 years to offset a national wheat shortage due to a reduced crop thanks to the drought. ...... FULL STORY

15 Nov 2006 | Grain Growers supports single desk
The Grain Growers Association called for the retention of the single desk for wheat exports, but wants it run by an independent regulator. ...... FULL STORY

14 Nov 2006 | AWB cuts management fees
AWB said it cut $25.5 million from its pool management fee. For this season AWB also said it would cap the performance fee at $2 a tonne. ...... FULL STORY

13 Nov 2006 | NSW cuts water allocations again
New South Wales reduced general security water allocations to 10 per cent of the notional entitlement of farmers. ...... FULL STORY

13 Nov 2006 | Milk price lifted to cover cost of grain
Norco will increase the farm gate price of milk by four cents a litre from January. ...... FULL STORY

10 Nov 2006 | CBH makes limited appeal over AWB veto
CBH said it was unlikely take mount a a challenge to AWB's veto of a proposed wheat export. ...... FULL STORY

10 Nov 2006 | Smut fungus found further north
The Department of Primary Industries detected the fungus disease smut on a sugar cane a farm at Farleigh, north of Mackay. ...... FULL STORY

9 Nov 2006 | AWB vetoes rival exports
AWB said it would deny requests by 12 alternative bulk exporters of wheat to send grain to eight markets. ...... FULL STORY

7 Nov 2006 | Indonesia may cease purchases of Australian wheat
Indonesian buyers of Australian wheat warned the federal government that unless it dismantles AWB's monopoly over wheat exports they may source $1.3 billion of imports from other markets. ...... FULL STORY

6 Nov 2006 | NSW suspends water trading
The New South Wales government suspended water trading in the Murray and Murrumbidgee catchments. ...... FULL STORY

3 Nov 2006 | Fewer dust storms likely
A study for the Grains Council of Australia found that modern farming techniques meant the "dust bowls" that typified previous droughts were unlikely. ...... FULL STORY

2 Nov 2006 | AWB lifts pool estimate
Wheat exporter AWB yesterday increased its forecast return for the wheat crop by $3 rise to $248 a tonne for the benchmark grade. ...... FULL STORY



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