Milk recruit pursuit as dairy processors try to sign up suppliers
DAIRY processors have launched an all-out offensive to recruit milk with the new season just weeks away.
ACCC has issue with Victorian dairy plant in Saputo, Murray Goulburn deal
Australian Competition and Consumer Commission chairman Rod Sims says he would have «serious problems» with the current structure of the $1.3 billion takeover offer by Montreal-based Saputo for distressed rival Murray Goulburn.
‘Undervalued’ South Australian company Beston Global Food to take on debt to drive dairy growth
SOUTH Australian food producer Beston Global Food Company has launched an independent investigation into its lagging share price in a heated agribusiness market while resolving to take on maiden debt to grow its dairy business.
By: Valerina Changarathil
Source: The Advertiser
Link: http://www.adelaidenow.com.au/business/undervalued-south-australian-company-beston-global-food-to-take-on-debt-to-drive-dairy-growth/news-story/4112b436522955bdbda170f488f97ed4
Murray Goulburn sale: Foreigners in charge of Australia’s dairy destiny
THE Australian dairy industry is no longer in charge of its own destiny.
By: SIMONE SMITH
Source: The Weekly Times
Link: http://www.weeklytimesnow.com.au/agribusiness/dairy/murray-goulburn-sale-foreigners-in-charge-of-australias-dairy-destiny/news-story/533373378ee20b5223c9948005e144d2
Dairy processors: South Australia farmers move to the money
IF YOU had asked South Australian dairy farmer Tristan Mulhern what he thought of the industry eight months ago, he would have said: “I’ve had enough.” By: SIMONE SMITH
Local milk matters for Beston Global Food as the Adelaide-based company concedes it will incur a loss this financial year
A NUMBER of South Australian dairy farmers have been given a boost after ASX-listed Beston Global Food said it required an additional 70 million litres of milk to underpin its cheese production next financial year.
Beston Global Food benefits from Murray Goulburn mayhem
Beston Global Foods is benefiting from the fall-out of the Murray Goulburn mayhem in the dairy sector on two fronts, with disgruntled dairy farmers approaching Beston wanting to switch to supplying the company, which is also rebuilding a mozzarella cheese plant dismantled by Murray Goulburn.
Bega Cheese goes from sleepy diary co-op to $1b business
Every Christmas Bega Cheese boss Barry Irvin returns to his dairy in the NSW country town, and he is always asked the same question: should I sell my Bega shares?
Beston buys out troubled milk processor United Dairy Power, plants reopen in Murray Bridge, Jervois
Adelaide-based food company Beston has announced it will buy troubled milk processor United Dairy Power (UPD) and reopen plants in Murray Bridge and Jervois.
South Australian milk plants deal with Beston Global Food Company
Two mothballed South Australian milk processing plants have been rescued from the receivers of United Dairy Power in a multi-million deal which will secure 130 jobs and contracts for 150 dairy farmers near the Murray River, 80km east of Adelaide.