Agribusiness

Elders returns to profit in first half

Agribusiness and automotive interiors supplier Elders has returned to profitability, boosted by a large tax win. Elders reported a net profit of $40.5 million for the first half of its 2011/12 fiscal year, compared to a net loss of $14.6 million in the prior corresponding period.

Gunns sells hardwood business for $28m

Woodchipper Gunns has struck a deal to sell its hardwood sawn timber business for $28 million as it continues to finalise its long-awaited capital raising.

CO2 gains $3.8 million for carbon sinks

CO2 Group has gained $3.8 million in federal government grants to fund carbon sink projects in Western Australia and New South Wales.

Animal activist gets suspended jail term

A high-profile anti-whaling and environmental activist has been given a suspended jail term for bursting into the offices of Western Australia's Forest Products Commission (FPC) and throwing rancid butter.

High dollar, falling commodities concern farmers

Sentiment among Western Australian farmers dipped over the last quarter, but they remain the most confident in the nation, according to a new survey.

Woolworths opens $31m Bunbury centre

Supermarket group Woolworths has officially opened its meat processing centre in Bunbury, which cost $31 million to upgrade and will employ 70 workers.

Mundella's yoghurt wins national prize

Mundijong-based Mundella Foods was the only local dairy to be honoured at the Australian Grand Dairy Awards held in Melbourne last week. Mundella was one of 19 champions at the awards, winning the Champion Natural Yoghurt category for its Premium Natural Yoghurt.

Fisheries gain $14.5m for sustainability research

Fisheries Minister Norman Moore has committed $14.5 million over the next four years to seek sustainability certification for the state’s commercial fisheries.

Best six months for farms in years: Ludwig

 The first half of 2012 could be the best period in years for Australian agriculture, underpinned by a sizeable increase in Western Australian average farm cash.

Government promises action on slaughter breaches

The federal government has promised to take strong action if an investigation into slaughter practices at Indonesian abattoirs reveals breaches of its new regime to protect Australian cattle.

FarmWorks sells branch and agency network

FarmWorks Australia says it will focus on agricultural chemicals, after selling off its branch and agency network in Western Australia to Ruralco Holdings for approximately $5 million.

New rules to halve fishing quotas

Anglers will have their possession limits halved under new proposals aimed at simplifying Western Australia's fishing regulations. The new strategy, released by the Department of Fisheries today, also aims to make recreational fishing more sustainable.

Aussie wheat image under threat

Australia's wheat export regulator should be reformed, rather than abolished, to protect the industry's reputation overseas, a Senate hearing has been told.

TWE says China wine market a bottler

Wine supplier Treasury Wine Estates wants to produce more luxury wines and boost its presence in the fast-growing Chinese market. TWE's brands include Penfolds, Wolf Blass, Lindeman's, Beringer and Rosemount.

Wesfarmers bucks job shedding trend

Wesfarmers has bucked the job shedding trend with plans to employ more people this year at Coles and its other retail chains, after underwhelming the market with a flat first half profit result.

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