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Australia cuts wheat harvest forecast to 10-year low on drought

Australia cuts wheat harvest forecast to 10-year low on drought

Australia has lowered its wheat production forecast by 11 per cent to the smallest in a decade amid a crippling drought across the country's east coast.

  • by Colin Packham

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Graincorp bidders brush off transparency questions
Graincorp

Graincorp bidders brush off transparency questions

The bid comes at a time when Australia is facing one of its worst harvest seasons due to the long-term impact of a drought across the east coast.

  • by Cole Latimer
WA harvest records look set to be broken, just not the big one
Farming

WA harvest records look set to be broken, just not the big one

Drought-driven demand from the east coast and a timely burst of rain in October will result in plenty of grain records by WA grain farmers this season.

  • by Hamish Hastie
Australia saves NZ from stink bug invasion that could hurt kiwi plants, economy
New Zealand

Australia saves NZ from stink bug invasion that could hurt kiwi plants, economy

The bugs feed on key crops and a report released this year found New Zealand's annual economic output could fall by NZ$4.2 billion ($3.9 billion).

GrainCorp profit dries up, almost halving to $70 million on drought
Graincorp

GrainCorp profit dries up, almost halving to $70 million on drought

A drought-ravaged east coast cropping landscape has shrivelled the bulk grain shipper and handler's balance sheet, with full-year profit plunging 43.7 per cent.

  • by Alex Druce
Your craft beer is about to get more expensive

Your craft beer is about to get more expensive

Miserable weather for Canada's barley crop means the price of a pint of craft beer is poised to rise.

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Has Chinese investment become toxic?
Analysis
Foreign investment

Has Chinese investment become toxic?

The government's decision on Wednesday to reject Hong Kong utility firm CKI's $13 billion takeover bid for Australian gas pipeline company APA has forced a revision of just how open Australia remains to Chinese investment.

  • by Cole Latimer
The Canberra school with its own 3-acre farm and a very polite rooster
Farming

The Canberra school with its own 3-acre farm and a very polite rooster

There’s some new kids on campus at the University of Canberra High School Kaleen. They just happen to be baby goats.

  • by Sherryn Groch
Hopes fade of drought-breaking rains in summer as state dries up
Soft commodities

Hopes fade of drought-breaking rains in summer as state dries up

The severe drought that is crippling NSW is drifting south with a third of Victoria in the midst of one of its driest periods on record. 

  • by Simone Fox Koob & Melissa Cunningham
Morrison government to establish $5 billion future fund for drought resilience
Soft commodities

Morrison government to establish $5 billion future fund for drought resilience

The Prime Minister says the fund will finance projects across the country and be available for support measures for "non-rainy days" in the future.

  • by Fergus Hunter
Nufarm's stuttering capital raising fails to impress investors
Nufarm Limited

Nufarm's stuttering capital raising fails to impress investors

Nufarm’s latest entitlement offer has been a fizzer among retail shareholders, with only half taking up the offer and an unknown ‘sub-underwriter’ picking up the remaining $30 million worth shares.

  • by Lucy Battersby