Search

Agribusiness

WA wheat set for processing in Philippines

Interflour Group, which is half-owned by CBH Group, has today shipped the first load of wheat from Kwinana to its new Mabuhay mill in the Philippines.

Quintis suffers another ratings downgrade

Quintis has suffered its fourth credit ratings downgrade within a month, after the troubled Indian sandalwood producer on Tuesday revealed more operational and financial issues.

Quintis problems deepen

Sandalwood producer Quintis has revealed more operational and financial pain, with the embattled Perth company suspending plantation sales, lowering forecast product sales and admitting a $27 million investment would not proceed.

Seafarms raises $10m as Trahar invests

Ian Trahar has taken a larger stake in his listed agribusiness Seafarms Group while the Perth business taps investors for $10 million.

$2bn investment on fertile ground

An upgrade to a meat processing plant at Katanning, a chicken feed mill in Muchea, a new piggery at Moora and a live lobster holding facility in Welshpool are the latest in a string of investments that will boost the agribusiness sector in Western Australia.

Wellard sells livestock ship to Israeli firm

Live cattle exporter Wellard has announced the sale of one of its mid-sized ships to Israeli company Dabbah Slaughterhouse for $US26 million ($A35 million).

S&P downgrades Quintis rating

Global ratings agency S&P has cut its credit rating for Quintis for the second time this month and kept the troubled Indian sandalwood producer on credit watch with negative implications, suggesting another downgrade is possible.

Quintis extends suspension by a week

Troubled sandalwood producer Quintis has extended its ASX suspension by a week to review its operations and update its earnings guidance.

Wellard eyes Chinese expansion

Fremantle-based livestock exporter Wellard has appointed Chinese businessman Kanda Lu as an executive director in an effort to boost the company's expansion into China's beef cattle market. 

Optimism for WA farmers

Western Australian farmers are among the most optimistic in the nation, according to the annual Commonwealth Bank of Australia Agi Insights report to be released today, with 39 per cent likely to be investing in their businesses in the year ahead.

Fogarty takes gold medal

SPECIAL REPORT: Fogarty Wine Group has built its brand over two decades to top the list of WA’s major producers.

Vasse Felix realising great ambition

SPECIAL REPORT: Paul Holmes a Court plans for Margaret River’s oldest winery may not come to fruition in his lifetime.

Quintis goes into trading halt

Shares in sandalwood company Quintis have gone into a trading halt, after horrific losses last week including a nearly 36 per cent fall on Friday.

Ingham's in $70m WA poultry investment

Poultry producer Ingham’s Chicken will invest more than $70 million to build a new feed mill near Muchea as part of a plan to grow production volumes in Western Australia.

Spirit revives as wine returns to balance

SPECIAL REPORT: After a gruelling decade, even a desultory 2016-17 summer could not dampen the growing enthusiasm among WA winemakers.

Quintis drops 36 per cent on downgrades

Ratings agencies Moody’s and S&P have downgraded the debt of agribusiness Qunitis, while private equity fund Black Rock revealed it had taken a 5.1 per cent stake in the company.

Quintis smashed by contract loss

Shares in sandalwood supplier Quintis were down 44 per cent today after the company admitted it had lost a contract supplying Nestle five months ago, the second issue relating to a contract this year.

Harvesting the ocean's bounty

PHOTO ESSAY: Workers from Ocean Grown Abalone will install 5,000 concrete habitats, or Abitats, at Augusta during the next 18 months as part of anexpansion of the company’s aquaculture business.

Growing quality seafood in its natural Abitat

The aquaculture and fisheries industries are both attracting investor interest as businesses float significant growth plans.

Quintis renegotiates $34m acquisition

Sandalwood producer Quintis has negotiated a second deferral of an option agreement that could see it having to pay nearly $34 million to buy back 400 hectares of plantations, as the company confirmed it was in advanced negotiations with a possible replacement for a key Chinese customer.

Former AWB chair Flugge fined $50,000

Former Australian Wheat Board chairman Trevor Flugge has been fined $50,000 and barred from managing corporations for five years, after he was convicted in December of breaching his duties as a director while the company was making questionable payments to the government of Iraq.

Pages