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Dairy Australia Fortnightly Update 20/09/2013

Dairy Australia

Categories: Dairy, Commodities

Key points for the fortnight ending 20/09/2013 include:

  • Data released overnight hints that the US production response to more favourable on-farm margins is beginning to be felt.
  • The GlobalDairyTrade auction platform celebrated its 100th event this week with the GDT price index increasing 0.3% amid mixed movements amongst key products.
  • Bega Cheese (BGA) lodged a formal takeover bid for Warrnambool Cheese & Butter (WCB).
  • Burra has announced its second step-up of the 2013/14 season
  • Local media have reported that Van Diemen’s Land Company (VDL), the largest corporate dairy farming operation in Australia, is the subject of sale negotiations.
  • ABC reported that Raleigh Dairy Holdings, another significant NZ-owned dairy farm operation, is up for sale.

Source: Dairy Australia

 

Disclaimer: Whilst all care has been taken in compiling the information, the information should not be relied upon as substitute for professional advice where necessary. Rural Bank accepts no responsibility for the accuracy, completeness or timeliness of the information and disclaims all liability in relation to any loss or damage suffered by the use of or reliance upon any information contained herein or in any attachment or annexure hereto by any person. Rural Bank – A Division of Bendigo and Adelaide Bank Limited ABN 11 068 049 178 AFSL 237879