15th March 2010

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Tag: wheat

  • Fears Indian wheat could flood the market

    Created Fri, 12th of Mar 2010

    Speculation is rife that India is about to release some of its stored wheat into already saturated global markets. A report from the US Department of Agriculture suggests Indian authorities need ... more

  • Viterra buys US pasta company

    Created Thu, 11th of Mar 2010

    One of Australia's largest grain companies, Viterra, will pay about US$240 million for one of America's largest pasta producers. Viterra will take over Dakota Growers Pasta Company, a leading ... more

  • Lots of wheat will keep prices down

    Created Wed, 10th of Mar 2010

    The grain market is expected to remain flat as a surplus of wheat in the northern hemisphere, and good seasons in Europe put a dampener on prices. A report from the United States Department of ... more

  • Icon_camera Rain brings smiles for SA farmers

    Created Mon, 8th of Mar 2010

    South Australian farmers say heavy rain across wide areas could set them up for a good start to the season. Falls over the long weekend have been nearly 100 millimetres on parts of Yorke and Eyre ... more

  • Low prices dampen top crop

    Created Fri, 5th of Mar 2010

    Many South Australian farmers say they were disappointed with the 2009 grain harvest, despite achieving the second-largest yield on record. A Department of Primary Industries and Resources South ... more

  • AWB gets access to ASIC documents

    Created Thu, 4th of Mar 2010

    The Australian Securities and Investments Commission has reached an out-of-court agreement with AWB, agreeing to show the wheat exporter confidential documents from its investigation into the Iraq ... more

  • US wheat growers worried about low Australian prices

    Created Thu, 4th of Mar 2010

    The American organisation which pushed strongly for the removal of Australia's single desk says growers should be paid more for wheat. US Wheat Associates was critical of Australia's former export ... more

  • AWB completes Landmark sale to ANZ

    Created Tue, 2nd of Mar 2010

    Wheat trader and exporter AWB has completed the sale of Landmark Financial Services to the ANZ bank. AWB announced it would sell the loan books, valued at around $2.4 million, in early ... more

  • VFF backs AWB concerns about wheat quality

    Created Mon, 1st of Mar 2010

    The Victorian Farmers Federation has joined former monopoly wheat exporter AWB in expressing concern about falling quality of wheat. The VFF Grains Group says without clear market signals, growers ... more

  • Push for better Australian wheat promotion

    Created Thu, 25th of Feb 2010

    The push is on in the grains industry to adopt the United States' model of promoting wheat. US Wheat Associates lobbies hard in Washington and around the world, convincing politicians and ... more

  • AWB calls for better controls on wheat quality

    Created Wed, 24th of Feb 2010

    Importers of Australian wheat are likely to turn to other exporting countries, unless the Australian grains industry improves quality. Former monopoly wheat exporter AWB is calling for a regulator ... more

  • AWB settles lawsuit without admitting liability

    Created Tue, 16th of Feb 2010

    AWB has settled a class action law suit, brought against it by Australian shareholders, for nearly $40 million. Shareholders sued the company because its share price collapsed after the Cole ... more

  • AWB to pay shareholders $40m for Iraq scandal

    Created Mon, 15th of Feb 2010

    Wheat exporter AWB has agreed to pay almost $40 million to settle a shareholder class action resulting from the Iraq oil for food scandal. Retired farmers Kaye and John Watson led the class ... more

  • Icon_camera AWB agrees to pay out to aggrieved shareholders

    Created Sun, 14th of Feb 2010

    AWB has settled a class action lawsuit, brought against it by Australian shareholders, for $39.5 million. Shareholders sued the company because its share price collapsed after it was revealed the ... more

  • Court finally hears class action against AWB

    Created Wed, 10th of Feb 2010

    A Federal Court hearing has begun for thousands of shareholders seeking compensation from AWB for its failure to disclose kickbacks to Iraq. The hearing comes almost three years after the class ... more

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