PC takes aim at rural protectionism

Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 4 : 21-Jul-16

The Productivity Commission has recommended a number of changes to Australia’s agricultural policy. The commission states in a draft report that protectionist measures should be removed. It says the aim of liberalisation of the agricultural market necessitates the abolition of marketing agencies such as the New South Wales Rice Marketing Board and the Western Australian Potato Marketing Corporation. The Commission also says foreign investment in Australia’s agricultural sector should be encouraged rather than discouraged.

CORPORATES
AUSTRALIA. PRODUCTIVITY COMMISSION, RICE MARKETING BOARD, POTATO MARKETING CORPORATION OF WESTERN AUSTRALIA, AUSTRALIA. FOREIGN INVESTMENT REVIEW BOARD, NATIONAL PARTY OF AUSTRALIA, LIBERAL PARTY OF AUSTRALIA, AUSTRALIAN LABOR PARTY, BUSINESS COUNCIL OF AUSTRALIA, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

Aussie wine is a hard sell in China

Original article by Andrew Burrell
The Australian – Page: 19 : 12-Aug-14

Resources entrepreneur Andrew Forrest has launched a new push to boost agricultural exports by Australian producers to China. However Rathbone Wine Group MD Darren Rathbone warns that in his experience there is a significant and lengthy effort needed to gain entry into the Chinese market, and the strategy may not save the struggling wine industry in Australia from further business collapses. Rathbone has established his own distribution network for the Yering Station, Mount Langi Ghiran and Xanadu brands, but says Chinese wine consumers still prefer French labels due to the perceived prestige

CORPORATES
RATHBONE WINE GROUP PTY LTD, YERING ESTATE PTY LTD, MOUNT LANGI GHIRAN ESTATE, XANADU WINES PTY LTD, NUFARM LIMITED – ASX NUF, LVMH MOET HENNESSY LOUIS VUITTON SA, GUCCI GROUP NV

Forrest outed as loan friend of farmers

Original article by Andrew Burrell
The Australian – Page: 17 : 1-Aug-14

Fortescue Metals Group chair Andrew Forrest has been revealed as the source of no-interest loans made to drought-affected farmers in the Wheatbelt region of Western Australia (WA) during 2010. The well-known philanthropist has since also set up the Australia-Sino 100-Year Agricultural & Food Partnership scheme, which aims to strengthen the ties between local producers and Chinese food companies such as New Hope Group and Wilmar International. Forrest is optimistic Australia can become an even greater supplier of rural commodity exports to China. He has acquired WA meat processing market leader Harvey Beef for $A30m

CORPORATES
FORTESCUE METALS GROUP LIMITED – ASX FMG, HARVEY BEEF, GROUP OF TWENTY (G-20), NEW HOPE GROUP, WILMAR INTERNATIONAL LIMITED, GOODMAN FIELDER LIMITED – ASX GFF, MEAT AND LIVESTOCK AUSTRALIA LIMITED, WESFARMERS LIMITED – ASX WES, AUSTRALIAN AGRICULTURAL COMPANY LIMITED – ASX AAC, AUSTRALIA. DEPT OF AGRICULTURE, MINDEROO PTY LTD, BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO