If the Canadians are allowed to buy Warrnambool Cheese, competition in
the Australian dairy market will be maintained, but the level of Australian ownership will be diminished.
A successful takeover would create a company with 40 per cent of
the Australian dairy market.
Not exact matches
He'd first made contact with the
Australian dairy 12 years ago, and had made a point of checking in every year since, getting to know the company and its
market, and patiently waiting for a moment when a deal might make sense.
In the
Australian drinking milk
market the two major players are multinationals, Japanese - owned Lion (with the Pura and
Dairy Farmers brands) and French - owned Parmalat (with the Pauls brand).
Our key
markets (product categories) include: Supplement, Skincare, UGG, Wine,
Dairy, Seafood, Red Meat, and other
Australian products.
Fonterra chief executive Theo Spierings said the
Australian farm gate price did not reflect the global
dairy rout and called for an «honest debate about what is being earned in the
market».
The co-operative cited a spike in the
Australian dollar and a global
dairy market that continues to weaken after China slashed its spending on bulk
dairy imports and amid Russia's ongoing trade sanctions on many western products.
«The fact is that, for some time, the price paid to
Australian dairy farmers for milk did not reflect the reality of the international
market,» Ms Swales, who runs the country's second largest milk processor, told The
Australian Financial Review this week.
Street Talk understands Kirin has quietly tested
market appetite for the
Australian milk,
dairy beverages, yoghurt and cheese business, approaching large global food and
dairy companies and other potential buyers.
Ongoing consolidation attempts across the
Australian dairy sector, continuing
market expansion in China and a change in long - term strategy severely affected Fonterra's ability to edge in on the highly fragmented Mexican
dairy sector - of which no single company controls more than 10 per cent.
Fund managers and investors alike bemoan the lack of choice in the
Australian market, but we have just seen an opportunity to create a listed
dairy giant pass us all by.
«The extent of how it's played out in the
Australian market and probably the length of the trough in the global
market around
dairy has definitely surprised us,» he said.
In a recent
market announcement, the company quoted the
Australian Competition and Consumer Commission (ACCC) in its interim report into the
dairy industry last November, saying: «Wholesale and retail non-organic milk prices have been declining in real terms since the industry was deregulated in 2000.
Irvin noted, «Bega Cheese's focus on
Australian and international consumer
markets, strong branding and distribution alliances such as Blackmores and investment in higher value
dairy nutritionals means that we are well positioned to take advantage of unfolding
market opportunities.»
China is the second largest export
market for
Australian dairy producers with trade valued at $ 295 million in the 2015 financial year.
Bega's adviser, David Williams of Kidder Williams, urged competition regulators to take a more «balanced» view of the
dairy sector, saying industry rationalisation was necessary to build scale and enable the
Australian industry to take a bigger share of the booming Asian
dairy market.
Despite «low growth rates» across the
Australian dairy sector, Eggers, who will become general manage of Arla Foods Mayer Australia, insisted the
market for specialty cheese «is lively and growing.»
«We are keen to invest in
Australian dairy with a strong export focus, but we are not walking away from the domestic
market.
Privately - owned Victorian company ViPlus
Dairy trumpeted in early December that it was the first
Australian manufacturer of milk powder to receive China FDA approval to keep selling its products in the China
market.
The company, which has grown sales from $ 7 million in 2012 to $ 23 million in 2013 and $ 36 million in 2014, hopes to take advantage of strong overseas interest in the
Australian and Asian
dairy markets.
Australian dairy farmers, who aired similar concerns about the level of payments they receive from
dairy companies, were told at a conference last week that the price they receive for their milk is predominantly influenced by international
markets.
Appetite is returning for
Australian dairy farms as Bembaala Farms, one of Victoria's most productive and highly regarded
dairy aggregations, comes to
market.
Australian Dairy Farms plans to shift from the highly competitive conventional milk
market to an organic infant formula producer.
Australian Dairy Farms intends to convert its six Victorian dairy farms to organic production in the first step of the plan, which the company hopes will transform it from a minor player in the highly competitive conventional milk market to a major player in organic food prod
Dairy Farms intends to convert its six Victorian
dairy farms to organic production in the first step of the plan, which the company hopes will transform it from a minor player in the highly competitive conventional milk market to a major player in organic food prod
dairy farms to organic production in the first step of the plan, which the company hopes will transform it from a minor player in the highly competitive conventional milk
market to a major player in organic food products.
Shares in
Australian Dairy Farms have soared after the dairy farm operator said it is planning to produce organic infant formula for Australian and overseas mar
Dairy Farms have soared after the
dairy farm operator said it is planning to produce organic infant formula for Australian and overseas mar
dairy farm operator said it is planning to produce organic infant formula for
Australian and overseas
markets.
Australian dairy farmers are already benefiting from an improvement in global diary
market conditions, which has led to rising farmgate prices, and the major
dairy processors are strongly urging them to invest in boosting their milk production.
Specialist packaging supplier KM Packaging Services Ltd has expanded its strategic alliance with Istanbul - based Ispak, part of the international manufacturing group Kibar Holding, to further develop the supply of confectionery and
dairy aluminium foil based flexible packaging to the UK, US and
Australian markets.