Bega Cheese mulls non-dairy acquisitions as global milk rout curdles profit
Bega Cheese is toying with non-dairy acquisitions as Australian milk processors increasingly shift their focus away from commodity products.
Large dairy herds do not affect cattle welfare, says researcher
Larger herd sizes do not affect cattle welfare, according to a study of dairy farms across Australia.
Bega Cheese in $100m supply deal with China
Bega Cheese has inked a $100 million supply and distribution agreement with Chinese retailer Chongqing General Trading Group to supply Bega-branded long-life milk to China.
Bega #Cheese confident for dairy industry
Despite a strong dollar and falling commodity prices, a major milk processor on the New South Wales south coast is confident that it can maintain supply and continue to build.
#Fonterra rules out #Bega takeover
FONTERRA chief financial officer Lukas Paravicini said he sees room for further collaboration and supply agreements with ASX-listed Bega Cheese, but he ruled out a near-term bid for the NSW dairy company amid a wave of consolidation in the sector.
#Bega shares buy-up mystery
A volume of 9.4 million shares changed hands on Friday for $5.55 per share, representing an investment of $52 million in the New South Wales processor.
#Bega ready to fight for its #milk suppliers
Bega Cheese executive chairman Barry Irvin has fired a warning shot to his rivals, saying Bega will invest up to $25 million to shore up its milk supply in the face of stagnant national milk production and fierce competition for milk.
Bega says China driving demand for #dairy
Bega Cheese says Chinese consumers are increasing their dairy intake at the same time that milk production in China is declining, underpinning global prices.
#Bega in talks with "non-Australian" investors on #Warrnambool stake: source
Bega Cheese Ltd is in talks with «non-Australian» investors on a possible sale of its stake in Australia’s oldest dairy firm, a source familiar with the situation said, adding a new twist to one of the country’s most contested takeover battles in years.
Bega #Cheese rules out extending Warrnambool offer
BEGA Cheese says it will consider its options surrounding its strategic stake in Warrnambool Cheese and Butter, as its final offer for the company in the three-way battle closes this Friday.