Agribusiness

Indian sandalwood producer TFS Corporation has refinanced $US200 million of debt through a note issue overnight in the US, while also raising extra funds for working capital.

The depreciation of the British pound following the UK's decision to leave the European Union could hurt demand for imported wine, including from Australia.

Water Corporation will spend $232 million to double the capacity of its water recycling plant in Craigie, which is designed to boost Perth's drinking water supplies.

Perth-based Seafarms Group has commenced a $1.2 million upgrade of its prawn quarantine facility in Exmouth, which forms part of its Sea Dragon prawn aquaculture project.

Sandalwood producer TFS Corporation has reaffirmed its earnings guidance for FY16 after finalising the $29 million sale of plantations to a US-based investor.

Two new directors have been appointed to Perth Markets, with Frank Romano replacing his former colleague Nick Tana on the board.

SPECIAL REPORT: A strong, whole-of-business focus on quality and sustainability has helped Austral Fisheries achieve a significant lift in its turnover during the past four years.

A processing plant to produce 60,000 tonnes of oats per year will be built in Forrestfield as part of CBH Group’s expansion into milling.

Perth business executive Peter Fogarty is leading two innovative water supply projects designed to underpin major agricultural and industrial projects in regional WA.

A second truffle farm in the renowned Manjimup growing region in the state’s South West is on the market.

A panel of industry, government, science and communty members will today release its two year marine science implementation strategy, aiming to make the state a global hub in the discipline and to encourage collaboration between industries such as offshore energy and fisheries.

Truffle growers in Manjimup are backing their ability to produce a world-class product in order to maintain a strong share of the international market, amid larger-than-usual crops from Europe this year. 

Agribusiness Elders is raising $102 million from investors so it can buy back the group's hybrid securities and simplify its share structure.

Wellard shares were hammered for a second time in less than a week, with the company warning of yet another potential profit hit before the end of the financial year.

Investors have punished local agribusiness Wellard for announcing another downgrade to its profit outlook, which could be as little as half of its original estimate.

Perth-based Seafarms Group has received firm commitments for a $10 million capital raising to fund ongoing work at its $1.45 billion Sea Dragon prawn aquaculture project in the Northern Territory.

The state’s widespread wet autumn has helped lift rural confidence, with most farmers expecting this year to either be a better year for the agricultural economy or as just as good as last year.

A bale of hay that survived the recent fires near Myalup, north of Bunbury, has proved a valuable catalyst to efforts to restore the communities affected by the disaster.

A crowdfunded Australian bid for the S Kidman and Co cattle stations is gathering pace after securing a new business partner.

One of the state’s largest egg producers has been found to have misled the public that its eggs were free range.

The state’s high labour costs and lack of available farmworkers will make it difficult to compete globally in agribusiness, potato grower Tony Galati told today’s Business News Success & Leadership breakfast.

The federal government has deferred introduction of the so-called backpacker tax in a bid to rid the issue as an election irritant in rural and regional seats.

Live export markets are likely to remain under pressure, but agribusiness Elders still expects its annual financial results to improve.

A growing uptake of technology for farming practices is likely among the state’s agribusinesses in coming months, according to the latest Commonwealth Bank Agri Insights survey.

Medical cannabis hopeful MGC Pharmaceuticals has upped its capital raising to $5 million after its initial $3.5 million raising closed oversubscribed.

The federal government has moved to end 'gaming' of wine industry assistance with cuts to rebates and tightening of eligibility for the Wine Equalisation Tax (WET) rebate.

The Chinese-led consortium seeking to acquire the Kidman cattle empire will try again after Treasurer Scott Morrison blocked its first attempt.

The Federal Court has ordered the former managing director of a Western Australian-controlled egg producer to pay a $120,000 penalty for attempting to induce a cartel arrangement between competing producers.

Bannister Downs Dairy has appointed Perkins Builders as head contractor for its $20 million-plus creamery project at Northcliffe, and is planning to commence construction in coming months.

Treasurer Scott Morrison has told the Chinese company wanting to buy Australia's largest private landholder that its planned purchase is contrary to the national interest.

Agriculture Minister Dean Nalder has made his first major move since being given the role, announcing the deregulation of the state’s potato industry and a handsome $14 million compensation package for growers.

Analysis by Deloitte suggests grain growers in the CBH Group network value add $771 million to the state’s economy, while the grain handler directly contributes a further $348 million.