Teijin Limited announced that it has reached an agreement with The Healthy Grain Pty. Limited, an Australian venture company, to acquire the exclusive sales rights in Asia to BARLEYmax® non-genetically modified barley rich in resistant starch and water-soluble dietary fiber, such as β-glucan and fructan. BARLEYmax® was developed by Australia’s national science agency, the Commonwealth Scientific and Industrial Research Organisation.
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National sheep flock contracts as drought continues
Australia’s sheep flock is forecast to fall to 65.8 million head by June 2019, down 6.8% year-on-year and the largest year-on-year decline since 2008, according to the June 2019 update of Meat & Livestock Australia’s (MLA) 2019 Sheep Industry Projections.
Lower cattle and grain prices drive NAB Rural Commodities Index south
A tough start to the growing season in eastern states and falling cattle prices have seen the National Australia Bank’s (NAB) Rural Commodities Index fall by 2.7 per cent in March 2019.
Tough seasons impact Australian goatmeat exports
Persistent dry conditions and reduced supply saw Australian goatmeat exports in 2018 decrease to their lowest levels since 2008, according to Meat & Livestock Australia’s (MLA) latest Goatmeat Global Snapshot.
Butter prices go into meltdown
Butter prices fell 10 percent in February 2019 to a 19-month low, Stats NZ said.
China trade sending waves through South-East Asia
Stricter border policing in China, as a consequence of African swine fever, is restricting the unofficial meat trade, with flow-on effects in other countries, according to Rabobank’s latest global Beef Quarterly report.
Stage set for milk price recovery
The slowdown in global milk supply growth has “set the stage” for a recovery in milk prices for dairy producers around the globe, according to a visiting North American dairy expert.
Australian wine supplies tighten as exports grow
Australian wine sales exceeded production in 2017-18 by an estimated 7 million cases (5 per cent of production), the greatest margin since 2010-11, which saw a drawing down of inventories, according to Wine Australia’s Australian Wine: Production, Sales and Inventory report 2017-18.