DAIRY PRODUCTS INDUSTRY – AUSTRALIA

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

Cheese revamp aimed at Asia

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Original article by Tim Binsted
The Australian Financial Review – Page: 22 : 20-May-15

Japanese-owned dairy products group Lion will officially open its expanded specialty cheese plant in the Tasmanian city of Burnie on 20 May 2015. The four-year project cost $A150m, and Lion CEO Stuart Irvine says it will allow the group to tap into the growing Asian market for premium dairy products. He has also flagged a greater push into the domestic market, noting that just 25 per cent of Australian households consume specialty cheeses.

CORPORATES
LION-DAIRY AND DRINKS PTY LTD, KIRIN HOLDINGS COMPANY LIMITED, BERRI LIMITED, DAIRY FARMERS LIMITED, TOOHEYS BREWING COMPANY PTY LTD, CASTLEMAINE PERKINS LIMITED, KING ISLAND DAIRY PTY LTD, SOUTH CAPE PTY LTD, COLES GROUP LIMITED, WOOLWORTHS LIMITED – ASX WOW, WARRNAMBOOL CHEESE AND BUTTER FACTORY COMPANY HOLDINGS LIMITED – ASX WCB, FONTERRA BRANDS (AUSTRALIA) PTY LTD, JAPAN POST, TOLL HOLDINGS LIMITED – ASX TOL

Beston IPO to follow lobster, dairy stakes

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Original article by Simon Evans
The Australian Financial Review – Page: 20 : 9-Apr-15

Former WorleyParsons executive Sean Ebert has become CEO of Beston Global Food Company ahead of its proposed Australian sharemarket float in July 2015. Beston has also appointed GrainCorp chairman Don Taylor and formers Santos chairman Stephen Gerlach to its board. Meanwhile, it has acquired stakes in live lobster exporter Ferguson Australia and biodynamic dairy firm B.-d. Paris Creek

CORPORATES
BESTON GLOBAL FOOD COMPANY LIMITED, FERGUSON AUSTRALIA PTY LTD, B D FARM PARIS CREEK PTY LTD, GRAINCORP LIMITED – ASX GNC, WORLEYPARSONS LIMITED – ASX WOR, IOOF HOLDINGS LIMITED – ASX IFL, BELL POTTER SECURITIES LIMITED, WOOLWORTHS LIMITED – ASX WOW, COLES SUPERMARKETS AUSTRALIA PTY LTD, INDEPENDENT GROCERS OF AUSTRALIA, BESTON WINE INDUSTRY TRUST, CHALLENGER LIMITED – ASX CGF

Dear dairy… Australians old and young eating custards, mousses and creamy treats

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 6-Mar-15

A Roy Morgan Single Source survey has found that almost 3.2 million Australians aged 14+ eat a packaged dairy dessert in an average four weeks. The survey, which was carried out in the year to December 2014, also shows that Dairy Farmers Custard and Fruche are the only dairy desserts that made the top five across all age groups. YoGo and Nestle Milo are most popular products among the under-25 age group, while Nestle Mousse is the top pick among the 25-34 age group. Dairy Farmers Custard is the top pick in both the 35-49 and 50+ age groups

CORPORATES
ROY MORGAN RESEARCH LIMITED, DAIRY FARMERS LIMITED, NESTLE AUSTRALIA LIMITED

Dairy float call for Van Diemen’s Land

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Original article by Carrie LaFrenz
The Australian Financial Review – Page: 18 : 9-Feb-15

Tasmanian Land Company recently launched a takeover bid for Van Diemen’s Land Company (VDL), with the offer pitched at $A2 per share. However, Wilson HTM stockbroker Hugh Robertson believes that the milk producer should be listed on the Australian sharemarket, and says he recently approached VDL with his proposal for an IPO. VDL has a portfolio of 25 dairy farms and a 26,000-strong herd of dairy cows

CORPORATES
VAN DIEMEN’S LAND COMPANY, TASMANIAN LAND COMPANY, WILSON HTM INVESTMENT GROUP LIMITED – ASX WIG, BDO AGRICULTURAL SERVICES, BDO AUSTRALIA LIMITED, NEW PLYMOUTH DISTRICT COUNCIL, TASMAN FARMS PTY LTD, TARANAKI INVESTMENT MANAGEMENT LIMITED, CHINA INVESTMENT CORPORATION

Chinese buyers eyeing food, dairy, says UBS

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Original article by Anthony Macdonald
The Australian Financial Review – Page: 11 & 18 : 14-Jan-15

David Chin of UBS expects Chinese companies to become more active in acquiring assets in Australia’s agribusiness sector. Chin notes that the issue of food security is becoming increasingly important in China, which is likely to prompt greater interest in Australia’s food and dairy products sectors, as well as rural properties. Chin also expects Chinese groups to be interested in the privatisation of Queensland and New South Wales electricity assets

CORPORATES
UBS AG, DEALOGIC (AUSTRALIA) PTY LTD, STATE GRID CORPORATION OF CHINA, UBS HOLDINGS PTY LTD, DEUTSCHE BANK AG

Rinehart to milk China’s dairy fix

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Original article by Rick Wallace
The Australian – Page: 9 : 14-Nov-14

The new Hope Dairies joint venture is being launched by government enterprise China National Machinery Industry Corporation and Hancock Prospecting, the main vehicle of Australian mining heiress Gina Rinehart. The $A500m business will seek to cash in on the recently negotiated free trade agreement between Australia and China, by exporting powdered infant formula. Rinehart has also diversified from iron ore into beef cattle, with investments in Western Australia

CORPORATES
HANCOCK PROSPECTING PTY LTD, HOPE DAIRIES PTY LTD, CHINA NATIONAL MACHINERY INDUSTRY CORPORATION, CUBBIE STATION, QUEENSLAND. DEPT OF THE PREMIER AND CABINET, BEIJING AGRICULTURAL INVESTMENT FUND

Supply deals the way to go, says Coles

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Original article by Blair Speedy
The Australian – Page: 19/22 : 4-Jul-14

Coles has signed a 10-year contract with Murray Goulburn for the supply of milk. On 3 July 2014, Murray Goulburn opened a new milk processing plant in the Melbourne suburb of Laverton. The plant will produce 1.3 million litres of milk per annum, which will be sold at Coles supermarkets under its own brand. Coles MD John Durkan said the company will seek similar long-term supply arrangements with other food manufacturers

CORPORATES
WESFARMERS LIMITED – ASX WES, MURRAY GOULBURN CO-OPERATIVE COMPANY LIMITED, COLES GROUP LIMITED, FEDERAL COURT OF AUSTRALIA, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, MASTER GROCERS’ AUSTRALIA PTY LTD