Category: International Trading

Cattle company buyout deal reportedly worth $600m eclipses Kidman sale

A British investor plans to buy out one of Australia’s largest cattle companies in a deal reportedly worth $600 million — nearly double paid for the Kidman empire. Source: ABC Livestock Cattle company buyout deal reportedly worth 0m eclipses Kidman sale

MLA report confirms Australia as world’s top sheep and goat meat exporter

AUSTRALIA is the world’s largest sheep and goat meat exporter and exports more than 65 percent of its red meat production, according to a report released last week. Source: Sheep Central MLA report confirms Australia as world’s top sheep and goat meat exporter

Trade agreements critical to Australia’s regions and red meat jobs 

The Australian red meat industry urged both sides of Government to proceed with ratification of two critical free trade agreements without delay, following today’s release of a Joint Standing Committee on Treaties (JSCOT) report. Source: Beef Central Trade agreements critical to Australia’s regions and red meat jobs 

KLTT live export shipment prompts animal rights ire in South Africa

MAJOR Middle East sheep importer the Kuwait Livestock Transport and Trading Company is hitting hurdles in its attempt to supplement limited Australian supplies with a South African shipment. Source: Sheep Central KLTT live export shipment prompts animal rights ire in South Africa

Tariff agreement boosts US wheat access to Japan

US wheat imported into Japan will receive the same preferential advantage that is now given to Canadian and Australian wheat following the signing of a tariff agreement between the US and Japan. Source: Grain Central Tariff agreement boosts US wheat access to Japan

Townsville to export first frozen beef in more than a decade

The first frozen beef shipment from the Port of Townsville for more than a decade leaves today, signalling what the Port of Townsville hopes will become a new export trade directly from North Queensland’s largest general cargo port. Source: Beef Central Townsville to export first frozen beef in more than a decade

September beef exports continue at solid pace, led by China

New record volumes to China, and expanding shipments to South Korea and Japan underpinned Australian beef exports during September, which continued at solid pace due to drought-forced livestock turnoff. Source: Beef Central September beef exports continue at solid pace, led by China

Strong relationship between Aus and Japan critical: AMIC

Japan has been a key export market for Australian meat for a long time, and it remains one of the industry’s leading trading partners, Australian Meat Industry Council CEO Patrick Hutchinson told contacts in the country last week. Source: Beef Central Strong relationship between Aus and Japan critical: AMIC

Live sheep export discussion paper gets mixed reaction

A DISCUSSION paper listing options for future Middle East live sheep export regulation has been welcomed by industry, but is already under fire from the RSPCA. Source: Sheep Central Live sheep export discussion paper gets mixed reaction

Aus beef exports to China up 65pc so far this year

China is on the cusp of becoming Australia’s largest beef export market in 2019, with little sign of demand abating anytime soon, as Chinese consumers shift away from pork to other proteins in the wake of African Swine Fever, according to a leading animal protein analyst visiting from China. Source: Beef Central Aus beef… Read more »

B Steak – a story of Aussie beef’s bright future in Asia

In 2016 Aussie expatriate, Jason Hatchett and his family opened the “B Steak Grill and Pancake” restaurant in Bogor, a satellite city of one million people near Jakarta, one of a huge number of similar initiatives which demonstrate that the fundamentals for the future of Australian beef in Asia are indeed very bright. Source:… Read more »

Australia and China finalise red meat agreement

AUSTRALIA has finalised a new red meat agreement with China to strengthen food safety processes and bilateral exchanges around technical know-how, marketing, and research and development investment. Source: Sheep Central Australia and China finalise red meat agreement

China and Australia finalise red meat MoU

Australia’s Minister for Agriculture Bridget McKenzie has welcomed the finalisation of a new memorandum of understanding between the Australian and Chinese meat industries. Source: Beef Central China and Australia finalise red meat MoU

New independent umpire to oversee live export sector

Federal Parliament has passed new laws to introduce independent oversight of the $1.7 billion live export industry, to boost animal welfare outcomes and further enhance Australia’s position as a “world leader”. Source: Beef Central New independent umpire to oversee live export sector

Australian wool market consolidates further after wild ride

AUSTRALIA’S wool market has consolidated this week despite a lift in the bale offering, with the benchmark Eastern Market Indicator adding 7 cents for the week to close at 1542c/kg clean. Source: Sheep Central Australian wool market consolidates further after wild ride

Frustrations build over long delays with Independent Observer reports

Questions are being asked about why it is taking several months, and in some cases as long as a year, for reports from Independent Observers on livestock export journeys to be published. Source: Beef Central Frustrations build over long delays with Independent Observer reports

Korean beef safeguard imminent

It is anticipated Australian beef exports to Korea will trigger the 2019 safeguard volume in the next three to five weeks, which will increase tariffs on Australian beef into the market from 24pc to 30 percent through until the end of the year.  Source: Beef Central Korean beef safeguard imminent

Kay’s Cuts: What will new EU and Japan trade deals mean for US beef?

The recently signed US-EU grainfed beef quota deal is unlikely to lead to a surge of US beef shipped to the EU, US columnist Steve Kay writes, but the yet-to-take-effect US-Japan trade deal is being welcomed as tremendous news for US farmers and ranchers. Source: Beef Central Kay’s Cuts: What will new EU and… Read more »

SE Asia Report: Indonesia imports a massive 75,000 feeders in August

Also – frozen Indian buffalo back on shelves in Indonesia; China prices break through AUD$6/kg live weight; ASF disaster continues to sweep across Asia; plant-based burger takeover in New York; a very proud grandfather; some brave predictions and more in the latest South East Asia Report. Source: Beef Central SE Asia Report: Indonesia imports… Read more »

China swine fever impact spurs higher ABARES cattle price forecast

ABARES has upgraded its forecast for average saleyard cattle prices in 2019-2020 by 20c/kg, based on its expectations of strengthening demand for beef versus tightening supplies of cattle. Source: Beef Central China swine fever impact spurs higher ABARES cattle price forecast

Infant formula company Bellamy's to be bought out by Chinese dairy

Tasmanian-based infant formula company Bellamy’s tells shareholders to vote in favour of a $1.5 billion takeover by Chinese company Mengniu. Source: ABC Livestock Infant formula company Bellamy’s to be bought out by Chinese dairy

Australian wool market records biggest weekly gains

AUSTRALIA’S wool market has staged a record turnaround following improvements in Chinese bank sector liquidity and reports of high American clothing retail demand and increased clothing imports from China to avoid tariff increases. Source: Sheep Central Australian wool market records biggest weekly gains

Live sheep importer looks to South Africa as WA trade resumes

LIVE sheep shipments to the Middle East from Western Australia will resume this month after an extended trade moratorium amid increased concerns exporters are looking elsewhere for supplies. Source: Sheep Central Live sheep importer looks to South Africa as WA trade resumes

Dubbo Sale 12 Sep 2019: Export cattle stronger

Export cattle were stronger due to solid competition from southern processors. Source: Beef Central Dubbo Sale 12 Sep 2019: Export cattle stronger

Beef export growth for South America

Beef export growth from South America is expected to continue off the back of a strong 2019, Meat & Livestock Australia predicts. Source: Beef Central Beef export growth for South America

New footage rocks live trade as independent overseer Bill passes Senate

New footage showing four Northern Territory steers being roped, forced to the ground and having their throats cut without stunning has triggered fresh outrage against the live export trade and more questions about why exporters continue to lose control of Australian animals from supposedly secure customer supply chains. Source: Beef Central New footage rocks… Read more »

Australian cattle roped and slaughtered in Indonesian car park

GRAPHIC WARNING: The Department of Agriculture is investigating the alleged inhumane killing of Australian cattle at the Festival of Sacrifice in Indonesia. Source: ABC Livestock Australian cattle roped and slaughtered in Indonesian car park

Pressure to re-open live sheep export whistleblower inquiry

AUSTRALIA’S Department of Agriculture is under pressure to re-open an investigation into the payment of a Pakistani live export ship worker to film sheep suffering on a live export vessel.… Source: Sheep Central Pressure to re-open live sheep export whistleblower inquiry

Wool bodies silent on Swiss proposal to label garments from mulesed sheep

NEITHER Australia’s major wool industry bodies nor the Federal Government had planned to notify the nation’s grass roots growers of a Swiss proposal to label garments made from wool harvested… Source: Sheep Central Wool bodies silent on Swiss proposal to label garments from mulesed sheep

Beef leaders urge Parliament to ratify Indo-Aus FTA

Leading Australian beef industry figures have urged Federal Parliamentarians to work quickly to ratify Australia’s free trade agreement with Indonesia as soon as possible, stressing that shifting political dynamics mean Australia’s relationship with its near neighbour has never been more important. Source: Beef Central Beef leaders urge Parliament to ratify Indo-Aus FTA

Competitor watch: 25 more Brazilian meat plants approved for China export

In growing signs of the momentum in beef trade out of Brazil to China, a further 25 Brazilian meat processing plants have been approved this week by Chinese authorities for export. Source: Beef Central Competitor watch: 25 more Brazilian meat plants approved for China export

Rising disease risks put biosecurity resourcing in spotlight

AS the Federal Government holds emergency meetings to discuss what more can be done to prevent African Swine Fever from entering Australia, recent trade developments that have increased the potential risk of Foot and Mouth Disease in the region are also raising industry concern. Source: Beef Central Rising disease risks put biosecurity resourcing in… Read more »

Chinese buy ups disrupting livex trade dynamics

China’s recent rapid rise to become the largest buyer of Australian boxed beef has come as it also exerts increasingly greater influence over Australia’s live cattle export supply chain – not as a customer as many expected but as an investor in Australian live export companies. Source: Beef Central Chinese buy ups disrupting livex… Read more »

Kay’s Cuts: Abattoir fire strikes at heart of US cattle market

Beef Central’s US red meat and livestock industry commentator Steve Kay outlines the impact that’s been seen on US fed cattle and feeder cattle markets since last month’s fire at Tyson Foods’ Holcomb processing plant. The Australian beef processing industry suffered a similar fire less than two years ago when TFI’s Murray Bridge plant went… Read more »

Emergency roundtable to address African Swine Fever threat

Agriculture Minister Bridget McKenzie has convened an emergency roundtable of biosecurity experts in Canberra this Friday to discuss if more can be done to stop the disease entering Australia. Source: Beef Central Emergency roundtable to address African Swine Fever threat

Cattle export shipment to China halted

A shipment of cattle destined to be exported to China has been dramatically halted by the Department of Agriculture, on the grounds strict export protocols have allegedly been breached. Source: Beef Central Cattle export shipment to China halted

Chinese-backed Harmony goes into liquidation

Chinese-backed Australian beef and live export supply chain, Harmony Operations Australia, went into liquidation on Friday. Source: Beef Central Chinese-backed Harmony goes into liquidation

Brazilian meatpackers cleared to export beef to Indonesia

Brazillian beef is expected to start moving into Indonesia in coming weeks after the Indoneisan Government formally confirmed it has authorised 10 Brazilian plants to export beef to the country. Source: Beef Central Brazilian meatpackers cleared to export beef to Indonesia

An Argentinian cropping family is buying up cattle stations in the NT

Control of a 101,000-hectare property south-west of Katherine will go to a company backed by an Argentinian family with interests also in Uruguay, Brazil and the US. Source: ABC Livestock An Argentinian cropping family is buying up cattle stations in the NT

Updated MLA global market snapshots released

Growing demand in China for beef has seen Australian beef exports to the market increase almost 60-fold over the past decade. Source: Beef Central Updated MLA global market snapshots released

Cold Turkey trade steers Wellard to $48.3m loss

Until recently Australia’s largest livestock exporter, Wellard Limited has confirmed it is not currently trading livestock at all and is focusing exclusively on chartering its ships, as it reports a significant net loss for a fourth successive financial year. Source: Beef Central Cold Turkey trade steers Wellard to .3m loss

China now a central pillar of global meat markets

Never before in modern history has the global meat trade centred so much on a single country. Inclusive of Hong Kong, China is now the world’s largest destination for beef, sheepmeat, pork, poultry and offal, pulling in close to one quarter of total meat traded on international markets, MLA Market Insights Manager, Tim Ryan says. … Read more »

CBH Group provides shareholder loan to Interflour

CBH Group has provided a US$30 million shareholder loan to Interflour to support the Asian flour milling and malting business’ turnaround plan, and balance current debt and equity levels. Source: Grain Central CBH Group provides shareholder loan to Interflour

Ruralco-Landmark deal gets FIRB blessing

THE Ruralco-Landmark union now lies in the hands of Ruralco shareholders after Landmark parent Nutrien Limited received a no objection letter from the Foreign Investment Review Board (FIRB), Source: Grain Central Ruralco-Landmark deal gets FIRB blessing

CBH lends $43m to struggling Asian flour miller

One of Asia’s largest flour millers, Interflour, will receive millions from Australia’s CBH Group after the joint venture failed to meet performance expectations. Source: ABC Grain CBH lends m to struggling Asian flour miller

China’s growing influence seen in bigger HGP-free cattle price incentives

China’s rapidly expanding influence as a key export customer for Australian beef is being reflected in growing pricing distinctions between HGP-treated and non-treated cattle in the market. Source: Beef Central China’s growing influence seen in bigger HGP-free cattle price incentives

Ruralco-Landmark deal now gets FIRB blessing

The Ruralco-Landmark union now lies in the hands of Ruralco shareholders after Landmark parent Nutrien Limited received a no objection letter from the Foreign Investment Review Board (FIRB) giving the geen light for its 100 percent acquision of Ruralco shares to proceed. Source: Beef Central Ruralco-Landmark deal now gets FIRB blessing

Rural Funds Group to sue US short seller

Rural Funds Management has announced it is commencing legal action against US-based activist short seller Bonitas Research, after an independent investigation by Ernst & Young (EY) said the assertions made against the group were not substantiated. Source: Beef Central Rural Funds Group to sue US short seller

Speculation grows that Kilcoy Global Foods may be eyeing-off public float

GRAINFED beef processor and exporter Kilcoy Global Foods may be close to announcing plans for a public float next year, on the Hong Kong Stock Exchange. Hong Kong-based trade and… Source: Beef Central Speculation grows that Kilcoy Global Foods may be eyeing-off public float

What can Australia expect, following’s Brazil’s beef access breakthrough with Indonesia?

What are the implications for Australia, following Brazil’s breakthrough in gaining access to supply beef to Indonesia – the world’s eighth largest beef export market and Australia’s fifth largest in 2018? Brazil’s entry with up to 50,000t of frozen beef will apply competitive pressure to Australia, but both will continue supplying into an ever-expanding market,… Read more »

Australia could triple grainfed exports to China, says bank research

Continued growth in beef consumption in Asian countries, particularly China – along with Australia’s strong market access and competitive supply chain – will provide the opportunity for the nation’s total grainfed beef exports to increase 65pc to more than 500,000t by 2030, new Rabobank research suggests. Source: Beef Central Australia could triple grainfed exports… Read more »

Heytesbury deal for Wellard vessel purchase now back on track

A deal to sell its live export vessel, the MV Ocean Swagman to Western Australia’s Heytesbury Holdings is back on track, just a fortnight after owner Wellard signalled that the agreement was off, and an alternate buyer had been found. Source: Beef Central Heytesbury deal for Wellard vessel purchase now back on track

Would you buy meat on Instagram?

Indonesian ‘mumpreneurs’ are cashing-in on an appetite for purchasing cheap beef online, threatening Australia’s live cattle trade. Source: ABC Livestock Would you buy meat on Instagram?

Tariff on Australian beef to China doubles from Aug 17

China has doubled tariffs on eight important categories of Australian imported beef, after Australia triggered its 2019 annual beef quota to China following booming trade volumes this year. Source: Beef Central Tariff on Australian beef to China doubles from Aug 17

Indonesia to import 50,000t of beef from Brazil

Australian beef exports to Indonesia are facing more competition with the country yesterday announcing it will now open its market to imports of beef from Brazil. Source: Beef Central Indonesia to import 50,000t of beef from Brazil

TFI launches its first livestock certification program

SOUTH Australian based meat and food processor Thomas Foods International has launched a voluntary livestock certification program to improve transparency and verification for overseas customers. Source: Sheep Central TFI launches its first livestock certification program

SE Asia Report: Strong Indonesian feeder imports continue in July

News from Dr Ross Ainsworth’s South East Asia report this month includes strong continued contined feeder imports from Indonesia in July, returning supplies of frozen Indian buffalo meat in Indonesia, but at very low volumes, and a chapter closes as PT Elders Indonesia closes its remaining business. Source: Beef Central SE Asia Report: Strong… Read more »

Australia-EU Free Trade Agreement negotiations enter important phase

Negotiations over the Australia-European Union Free Trade Agreement continue to build momentum, as shown by this week’s launch of public consultations on the use of Geographic Indications. Source: Beef Central Australia-EU Free Trade Agreement negotiations enter important phase

Major US beef abattoir fire could disrupt beef and cattle markets

A fire which destroyed one of the largest beef processing facilities in the United States on Saturday (Australian time) has the potential to disrupt beef and cattle markets, analysts say. Source: Beef Central Major US beef abattoir fire could disrupt beef and cattle markets

Tehan advises sheep industry caution on China

SHEEP and wool producers were told there will be “serious ups and downs” in Australia’s relationship with China, but also huge opportunities for trade of goods and services. Source: Sheep Central Tehan advises sheep industry caution on China

Wool exporter Fox & Lillie investigates supply contracts

MAJOR wool exporter Fox & Lillie is negotiating a forward pricing scheme with one of the world’s largest processors as industry concerns about supply and price volatility increase. Source: Sheep Central Wool exporter Fox & Lillie investigates supply contracts

Aussie ag-tech start-ups named for India exchange program

AUSTRALIAN ag-tech start-ups covering electronic animal identification, agronomy and sustainable farming will be promoted in India in an exchange program in October this year. Source: Sheep Central Aussie ag-tech start-ups named for India exchange program

Beef exporters race to beat China’s quota trigger-point

The massive spike seen in China’s Australian beef imports last month makes more sense when looming changes to import duties due to the strong likelihood of quota levels being triggered are taken into account. Source: Beef Central Beef exporters race to beat China’s quota trigger-point

July beef exports: China officially becomes Australia’s largest export customer

China, for the first time in history, has become Australia’s largest export beef market by volume, surging past traditional big-hitting customers Japan and the United States in trade conducted during July. Source: Beef Central July beef exports: China officially becomes Australia’s largest export customer

Wellard reveals new buyer for Swagman

Wellard Limited says it is moving closer to selling the M/V Ocean Swagman after agreeing to a new $37.1 million purchase proposal for the vessel from a Panama based subsidiary of Nova Marine Holdings SA. Source: Beef Central Wellard reveals new buyer for Swagman

NCBA hails increased access to EU for US beef

US cattle producers have welcomed the formal signing of an agreement with the EU in Washington DC that will see 35,000t of hormone-free beef quota allocated exlusively to the US from a previously-agreed multi-supplier quota. Source: Beef Central NCBA hails increased access to EU for US beef

Macquarie joins Shandong Ruyi in Cubbie ownership rejig

Macquarie Infrastructure and Real Assets is buying 49 per cent of the Cubbie Station aggregation in south west Queensland as Chinese company Shandong Ruyi reduces its holding to 51pc…Read More Source: Beef Central Macquarie joins Shandong Ruyi in Cubbie ownership rejig

Summer live export ban extended as exporter faces animal cruelty charges

There are concerns, and equally hopes, that an extension to a ban on live sheep exports and cruelty charges against a live exporter are eroding the livestock exporting industry. Source: ABC Livestock Summer live export ban extended as exporter faces animal cruelty charges

Battle of the bull elephants threatens to trample Australian grain

As China and the United States battle it out in their ongoing trade war like a pair of bull elephants, Australia and its international grain trading arrangements risk being trampled in the melee…Read More Source: Grain Central Battle of the bull elephants threatens to trample Australian grain

ALEC welcomes bill to create livex Inspector General

The Australian Livestock Exporters’ Council has welcomed the introduction of legislation to establish a Federal Inspector General for Live Animal Exports, describing the move as an important step towards driving cultural change and improved animal welfare outcomes…Read More Source: Beef Central ALEC welcomes bill to create livex Inspector General

Wellard ship sale to Heytesbury may be in doubt

Wellard Limited has told the Australian Stock Exchange this morning it is actively negotiating the sale of its ship, the M/V Ocean Swagman, with another potential buyer, after the previously announced buyer, Heytesbury Holding Company Pty Ltd, did not complete due dilligence by an agreed deadline…Read More Source: Beef Central Wellard ship sale to… Read more »

Biosecurity boss 'not aware' of cruelty investigations at Chinese-owned dairy giant

Serious allegations of animal cruelty against Australia’s largest dairy company — including “eye gouging” of cows and the use of claw hammers to kill calves — have been repeatedly probed by Tasmania’s Biosecurity agency, however its boss tells a parliamentary estimates hearing he is “not aware of any complaints”. Source: ABC Livestock Biosecurity boss… Read more »

Lotfeeder files application to wind-up Chinese-backed Harmony Agriculture & Food Co

New South Wales feedlot operator and custom-feeder JHW Paterson & Son has filed an application in the Federal Court to wind-up Chinese-backed Australian beef supply chain, Harmony Agriculture and Food Co, over non-payment of debts totalling $5.4 million…Read More Source: Beef Central Lotfeeder files application to wind-up Chinese-backed Harmony Agriculture & Food Co

Feedgrain Focus: Trade tightens as eastern crop prospects split

The illusion of green crops could fade quickly as worsening conditions creep southward, growers nervous about committing further grain sales and export buyers adding impetus to the rise in new crop prices…Read More Source: Beef Central Feedgrain Focus: Trade tightens as eastern crop prospects split

New meatworks deal could see northern beef shipped to China

An agreement with a Chinese company to develop an export processing facility for north Queensland and Northern Territory beef has been signed with a local council. Source: ABC Livestock New meatworks deal could see northern beef shipped to China

Hides market spirals to unprecedented depths

The global market for cattle hides continues to plummet to new depths, driven by a range of powerful supply and demand factors – the latest of which is the trade standoff between the US and China. The trend could start to impact on livestock prices, sources suggest ..Read More Source: Beef Central Hides market… Read more »

Developing countries key to future beef growth

Half the world is eating more meat, while the other half is eating less, says Professsor David Hughes, the keynote speaker at this year’s Livexchange live export industry conference, being held in Townsville in October..Read More Source: Beef Central Developing countries key to future beef growth

Choppy waters ahead for shipping as switch to cleaner marine fuel looms

The January deadline is looming for the shipping industry to clean up its act on reducing air pollution as vessels across the world will be required to use low-sulphur fuel oil. Source: ABC Livestock Choppy waters ahead for shipping as switch to cleaner marine fuel looms

Tourism and hospitality investor to join AA Co board

Dutch-American tourism and hospitality industry investor and executive, Marc Blazer, is set to join the Australian Agricultural Co board following its annual general meeting in Brisbane later this month…Read More Source: Beef Central Tourism and hospitality investor to join AA Co board

Transparency, return on investment key to success for ag groups

A new Nuffield research report has put the spotlight on how different agricultural groups from around the world are structured and represented in order to advance the position of farmers on a political, social and economic stage. ..Read More Source: Beef Central Transparency, return on investment key to success for ag groups

Red meat tapping into red hot China demand

With China shifting into second place behind the US as Australia’s most valuable red meat export market (beef and sheepmeat combined), the activity around marketing, relationship building and education in-country has hit top gear…Read More Source: Beef Central Red meat tapping into red hot China demand

SE Asia Report: Importers stock up ahead of tighter feeder supplies

Strong Indonesian feeder imports occured in June in anticipation of a lean second half of 2019, while Indonesian supplies of Indian beef have dried up, writes Southeast Asia market columnist, Dr Ross Ainsworth…Read More Source: Beef Central SE Asia Report: Importers stock up ahead of tighter feeder supplies

LiveCorp crunching vessel dehumidification trial data

Data captured during a dehumidification trial on a livestock export vessel is now being analysed, to help to determine whether the technology has commercial potential as a heat stress mitigation tool for the industry…Read More Source: Beef Central LiveCorp crunching vessel dehumidification trial data