Australia

Australia's GrainCorp knocks back ADM bid, higher offer seen

Australia's GrainCorp knocked back a $2.8 billion takeover offer from Archer Daniel Midland Co on Thursday, saying the bid undervalued the grains handler after a bumper harvest delivered a record annual net profit. FULL STORY »

What's eating Australia? Foreign buyers at the farm gate

Australia risks losing an opportunity to become a farmyard for Asia, as growing unease over foreigners buying rural land threatens to provoke protectionist policies that may deter much needed investment in agriculture. FULL STORY »

CME: Tight supplies leads U.S. to import more beef

Tight supplies and record high prices for lean grinding beef in the US have supported a notable increase in US beef imports so far this year. FULL STORY »

Australia to track foreign buyers in agriculture sector

Australia will set up a foreign-ownership register for farm lands, Prime Minister Julia Gillard said on Tuesday, as the government moves to ease public concern over foreign buyers in the agriculture sector, particularly Chinese. FULL STORY »

Australia to probe new Indonesia cattle cruelty video

Australia will investigate new images appearing to show cattle being mistreated at an Indonesian abattoir, and could reimpose an export ban on the slaughterhouse if it broke animal welfare rules. FULL STORY »

Cattle Outlook: June beef exports up 19 percent led by Japan

International beef trade continues to be a big factor in this year's record cattle prices. During the first half of 2011, 10.3% of U.S. beef production was exported and imports equaled 8.1% of production. FULL STORY »

2010 Iowa ag exports topped $7 billion

Iowa Secretary of Agriculture Bill Northey and the Iowa Department of Economic Development (IDED) director, Debi Durham today announced that international demand remains strong for Iowa's agriculture products. They cited recently released numbers by the U.S. Department of Agriculture (USDA) showing that Iowa exported $7.04 billion in agricultural goods in fiscal year 2010. FULL STORY »

Australian beef demand holds in Japan as local demand falls

Japan's consumption of Australian beef is holding up, while demand for local beef is falling sharply, as concerns over irradiated cattle broaden, Melanie Brock, Japan regional manager for the marketing concern Meat & Livestock Australia Ltd., said Tuesday. FULL STORY »

ACCC allows Cargill & Teys beef joint venture to move forward

Cargill Beef Australia and Teys Bros announced today that the Australian Competition and Consumer Commission (ACCC) has determined that it does not propose to intervene in the proposed merger of Cargill Beef and Teys Bros. FULL STORY »

Australia lifts ban on cattle exports to Indonesia

Australia resumed its $350 million a year live cattle trade with Indonesia on Wednesday following a temporary ban over cruelty concerns. FULL STORY »

Famed Australia ranch to be sold due to export ban

Australia's best-known Outback cattle ranch has been put on the market by an owner who on Wednesday blamed the country's ban on livestock exports to Indonesia for destroying her livelihood. FULL STORY »

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