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NEWS
UPDATED 30 AUGUST 2008
INDEXMAR 08APR 08MAY 08JUN 08JUL 08AUG 08LATEST

31 Jul 2008 | Fertiliser prices and profits up
Fertiliser and explosives manufacturer Incitec Pivot says China will underpin demand for protein rich food and therefore fertilisers for at least thirty years. The company has approved the $935 million Moranbah ammonium nitrate plant project. ...... FULL STORY

30 Jul 2008 | Grain industry set for shake up
The four big Australian grain merchants - AWB, GrainCorp Ltd, ABB Grain Ltd and Cooperative Bulk Handling are expected to consolidate following the abolition of the AWB''s 70 year old monopoly on wheat exports. ...... FULL STORY

28 Jul 2008 | New grain trader launches
Online grain broker Clear Holdings will be launched today in Melbourne to take advantage of the abolition of the wheat single desk. ...... FULL STORY

28 Jul 2008 | Agricultural land is the new gold
Agriculture is the new gold says the chairman of Celtic Resources in London. Celtic will spend $100 million buying distressed goat country and cropping farms in Australia as part of a global investment strategy worth $300 million. ...... FULL STORY

25 Jul 2008 | ACCC weighs up Dairy Farmers bids
The National Foods bid for Dairy Farmers has cleared competition regulator approval with the ACCC yesterday accepting the National Foods proposal to divest assets to ease competition concerns. ...... FULL STORY

24 Jul 2008 | Namoi grows share of declining market
Namoi cotton co-operative will delivered a profit to shareholders of $4.5 million this year, down from guidance of $4.8 million. Guidance for next year''s full year profit to February 2009 is between $4 and $5 million. ...... FULL STORY

24 Jul 2008 | Graincorp backs off from Ridley takeover
Graincorp has withdrawn its $260 million offer to buy stock feed maker Ridley Group and says that it wants to retain a good working relationship with its big customer. ...... FULL STORY

22 Jul 2008 | AWB needs reform to leave Iraq bribes behind
Victorian wheat growers support reform to the shareholder structure of AWB says the Victorian Farmers Federation. AWB shareholders will vote again next month to end the current two tiered share structure of A-class (grower) shares and B-class... ...... FULL STORY

18 Jul 2008 | Horticulture favoured by MIS investors
Managed investment schemes raised $1.1 billion from investors in the 2008 financial year, down five per cent of the year before the Australian Agribusiness Group said. ...... FULL STORY

17 Jul 2008 | Dairy Farmers earnings up despite costs blowout
Bidders for Dairy Farmers received the group''s unaudited accounts yesterday showing that Dairy Farmer''s earnings grew 23 per cent last year to more than $70 million. ...... FULL STORY

14 Jul 2008 | AWB must reform to compete
AWB must reform its constitution and abolish A class shareholdings in order to retain a good share price and access capital markets says an independent report to the board of directors. ...... FULL STORY

11 Jul 2008 | River inflows the lowest on record
June inflows into the Murray Darling river system were the lowest on record with just 95 gigalitres entering the rivers. The CEO of the Murray Darling Basin Commission said the situation was critical and the rivers akin to a patient on life support. ...... FULL STORY

8 Jul 2008 | Second payment from AWB wheat pool
AWB will pay farmers who contributed to the 2007/08 wheat marketing pool $571 million. Farmers sent 4.35 million tonnes of wheat to the pool. This is the second distribution by AWB. The third payment will be made in October. ...... FULL STORY

7 Jul 2008 | Most value in land for livestock
Average sale prices increased for rural properties in Victoria in 2007, though aggregate sales fell. ...... FULL STORY

1 Jul 2008 | Banks circle cotton producer
National Australia Bank and Suncorp have given the Cubbie group until the end of 2008 to find extra funds to shore up their balance sheet. The group is seeking $100 to $150 million in funding. ...... FULL STORY

1 Jul 2008 | Budding interest in Dairy Farmers
Fonterra is in talks with National Foods/Warrnambool Cheese and Butter about joining the bid for Dairy Farmers. Parmalat is cooperating with Murray Goulburn to mount a separate bid. ...... FULL STORY



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