DAIRY FARMERS – AUSTRALIA

Morrison resists milk levy

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Original article by Phillip Coorey
The Australian Financial Review – Page: 6 : 6-Sep-18

Agriculture Minister David Littleproud has proposed the adoption of a temporary $0.10 per litre on milk to help dairy farmers who are struggling with the drought and low milk prices. He says that Woolworths has indicated it was willing to support such a levy, which would raise around $250 million a year, provided that Coles did. Littleproud says he has spoken to the Coles CEO, who indicated to Littleproud that he is not so favourably disposed to the idea. Prime Minister Scott Morrison has indicated he is reluctant to support Littleproud’s proposal.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF AGRICULTURE AND WATER RESOURCES, WOOLWORTHS GROUP LIMITED – ASX WOW, COLES SUPERMARKETS AUSTRALIA PTY LTD

Dairy industry faces tough year

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Original article by Jared Lynch
The Australian Financial Review – Page: 29 : 21-Jul-15

The global price of whole milk powder fell by 13.1 per cent to $US1,848 per tonne in early July 2015. The downturn has prompted industry body Australian Dairy Farmers to warn that local dairy farmers may struggle to break even in 2015-16. The majority of milk processors have indicated that they will initially pay dairy farmers $A5.60 per kilogram of milksolids, which is just above the cost of production for many farmers.

CORPORATES
AUSTRALIAN DAIRY FARMERS’ LIMITED, FONTERRA CO-OPERATIVE GROUP LIMITED

Murray Goulburn float caution

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Original article by Jared Lynch
The Australian Financial Review – Page: 3 : 3-Jul-15

The listed unit trust of dairy co-operative Murray Goulburn will debut on the Australian sharemarket on 3 July 2015, at $A2.10 per unit. The trust will allow non-farmer investors to gain exposure to the nation’s largest dairy processor via non-voting stock. Meanwhile, second-generation dairy farmer Ross Powell has urged fellow milk suppliers to avoid allowing the IPO to become a distraction.

CORPORATES
MURRAY GOULBURN CO-OPERATIVE COMPANY LIMITED, MG UNIT TRUST – ASX MGC, FONTERRA CO-OPERATIVE GROUP LIMITED

Retailers ‘will lose out to Chinese’

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Original article by Blair Speedy
The Australian – Page: 18 : 29-Jul-14

Dominant supermarket chains Coles and Woolworths have been urged to raise their farmgate prices, or risk losing supply as primary producers instead export to the lucrative market in China. The warning has come from Federal Agriculture Minister Barnaby Joyce, who noted that the companies are selling white label milk for just $A1 a litre when consumers in China are prepared to pay $A7 or more. Joyce also said he fully backed a Federal Court case by the Australian Competition & Consumer Commission against Coles, over alleged unconscionable conduct in its relations with food sector suppliers

CORPORATES
WOOLWORTHS LIMITED – ASX WOW, WESFARMERS LIMITED – ASX WES, COLES GROUP LIMITED, AUSTRALIA. DEPT OF AGRICULTURE, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, FEDERAL COURT OF AUSTRALIA, ALDI STORES SUPERMARKETS PTY LTD, NORCO CO-OPERATIVE LIMITED, MURRAY GOULBURN CO-OPERATIVE COMPANY LIMITED