Western Australian sandalwood producer TFS Corporation, through its US joint venture entity Santalis Pharmaceuticals, is about to ship 100 kilograms of oil to an unidentified global pharmaceutical company - at $US4,500 per kilogram.
Western Australia's peak farming lobby has welcomed the news that Australia will resume live exports of sheep to Bahrain, following the negotiation of a new health protocol between the two nations.
GrainCorp expects to make a full year profit of between $80 million and $100 million with recent large harvests offset by poor seasonal conditions in Queensland and NSW.
Western Australia's fledgling aquaculture industry has been given a boost, with the state environmental watchdog giving its tick to a proposed 2,000-hectare development zone in the Kimberley.
Agribusiness Ruralco Holdings has agreed to buy Perth-founded water management retailer Total Eden Holdings for $57.4 million from Anchorage Capital Partners.
Australian farmers are on target to produce their second largest winter crop on record but the summer crop is heading for a significant decline because of drought and low rainfall, the federal government's commodity forecaster says.
Perth businessman Allen Caratti is set to gain control of a forestry investment trust previously held by Elders after the trust's shareholders approved the deal.
Increasing demand for hardwood plantation products has boosted the outlook for the much-maligned industry in Western Australia, but whether companies can capitalise on new growth will depend on how much suitable land they can access.
CO2 Group has sacked long-serving chief executive Andrew Grant as it pushes on with its bid to recast the business as an environmental services and aquaculture player.
Bega Cheese will sell its 18.8 per stake in Warrnambool Cheese and Butter to Canadian dairy giant Saputo, putting Saputo in prime position to win the takeover battle for WCB.
The parties battling for Warrnambool Cheese and Butter are still a long way off from gaining control of the target, with the offer of one suitor set to expire on Friday evening, and the other suitor trapped in the regulatory process.
Ian Trahar's CO2 Group has taken another step towards becoming one of the nation's largest aquaculture players, putting the finishing touches its $11.2 million takeover of Queensland prawn growing
TFS Corporation has lined up an $8.5 million purchase of a cattle station in the Northern Territory for the further establishment of Indian sandalwood plantations.
Western Australian farmers have delivered their biggest harvest in history, with the total haul today surpassing the 15.06 million tonne record set in 2011-12.
Perth businessman Allen Caratti has requested more time to arrange his affairs ahead of a proposed deal which would see him take effective control of a forestry investment trust previously controlled by Elders.
CBH Group chief executive Andrew Crane has been appointed a member of Australia's B20 Leadership Group, a private sector consortium that produces policy recommendations for international finance leaders for the annual G20 Leaders Summit in Brisbane next year.
Western Australian farmers are increasingly confident about their outlook and may enjoy their best profits in a decade after the scale of the state's grain harvest was upgraded to near record levels.
The state government has formalised plans for Chinese group Shanghai Zhongfu to develop thousands of hectares of irrigated land in the Kimberley, more than a year after naming the company as its preferred proponent for the land.
Treasurer Joe Hockey's blocking of a $3.4 billion foreign takeover of grains handler and marketer GrainCorp will have implications for the whole agricultural industry, the company says.
Canadian dairy giant Saputo will lift its takeover offer for Warrnambool Cheese and Butter to $9.20 per WCB share if it attains a stake in Warrnambool of more than 50 per cent.
Shares in Warrnambool Cheese and Butter are up 19 cents as they resume trading after the company recommended the latest, higher takeover offer from Canadian dairy giant Saputo.
