Fear of Aussie beef with Trump

Original article by Ean Higgins
The Australian – Page: 8 : 30-Aug-19

Trade expert Alan Oxley says the proposed trade deal between the US and Japan is likely to have an impact on Australia’s beef exports. The nation is the biggest supplier of beef to Japan at present, and the trade deal will reduce Australia’s competitive advantage over the US with regard to Japan’s beef import tariffs. Trade Minister Simon Birm­ingham has sought to downplay concerns about the US-Japan trade deal, noting that Australian beef exports to Japan reached record levels in 2018.

CORPORATES
AUSTRALIA. DEPT OF FOREIGN AFFAIRS AND TRADE, NATIONAL FARMERS’ FEDERATION LIMITED, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, JAPAN. OFFICE OF THE PRIME MINISTER, TW PEARSON AND SON, CATTLE COUNCIL OF AUSTRALIA

Woolies’ abattoir gets the chop

Original article by Sue Neales
The Australian – Page: 17 & 28 : 31-Aug-17

The imminent closure of the Churchill Abattoir in Queensland has been attributed to factors such as rising cattle prices and a shortage of cattle to process. Some 500 jobs will be lost when the facility at Ipswich closes in late September. The abattoir processes about 20 per cent of the beef that is sold in Woolworths’ stores, forcing the major retailer to seek a new supplier. Woolworths buys about 600,000 head of cattle each year, with between 9,000 and 12,000 being processed each week for sale across its store network.

CORPORATES
WOOLWORTHS LIMITED – ASX WOW, CHURCHILL ABATTOIR, JBS DINMORE, TEYS BROS (HOLDINGS) PTY LTD, CARGILL AUSTRALIA LIMITED, OAKEY BEEF, STANBROKE BEEF, THOMAS FOODS, AUSTRALIAN MEAT INDUSTRY COUNCIL

Cathay Pacific to trial cargo flight from Australia’s food bowl

Original article by Jared Lynch
The Australian Financial Review – Page: 22 : 23-Nov-15

Bindaree Beef will participate in Cathay Pacific’s test flight from Wellcamp Airport in regional Queensland to China. The trial run is intended to gauge whether regular fresh produce flights from regional Australia to Asia are commercially viable. Bindaree currently ships chilled beef to Asia via Sydney Airport, but flights from Toowoomba would allow for next-day delivery of its cargoes to Asian destinations.

CORPORATES
BINDAREE BEEF PTY LTD, CATHAY PACIFIC AIRWAYS LIMITED, SYDNEY AIRPORT – ASX SYD, SHANDONG DELISI, AUSTRALIAN BUREAU OF AGRICULTURAL AND RESOURCE ECONOMICS AND SCIENCES

AACo primed to pay

Original article by Tim Binsted
The Australian Financial Review – Page: 29 : 14-May-15

Australian Agricultural Company (AACo) has posted a statutory profit of $A9.6m for the year ended 31 March 2015, compared with a $A40m loss previously. Revenue rose by 9.5 per cent to $A346.8m, with the proportion of revenue derived from sales of boxed beef rising from 59 per cent to 77 per cent. MD Jason Strong says AACo intends to eventually make its first dividend payment since 2008.

CORPORATES
AUSTRALIAN AGRICULTURAL COMPANY LIMITED – ASX AAC, STANDARD AND POOR’S ASX ALL ORDINARIES INDEX