Agriculture minister Barnaby Joyce has assured Chinese farmers that Australia is “not a threat” to their livelihoods on a day when two Far East investment groups established a A$3bn (US$2.7bn) fund to invest in Australian agriculture.
Dairy leaders from the Australian state of Victoria have descended on Canberra to petition lawmakers for a more “level playing field” as the local industry fights against foreign imports and corporations.
Murray Goulburn has challenged Canadian giant Saputo’s attempted acquisition of Warrnambool Cheese and Butter (WCB) with an offer that, if accepted, would create one of the largest Australian food and beverage firms.
Japanese brewer Kirin yesterday announced that it had opened
"preliminary discussions" with rival San Miguel over the
possibility of acquiring a stake in its Australian dairy and soft
drink subsidiary National foods.