Australia

Australian Wine Exports Reach $2.1 Billion

The Wine Australia Export Report for December 2015 has revealed that the value of Australian wine exports rose 14 per cent to $2.1 billion last year, its h...

Woolworths, Lowe’s Exit Unprofitable Home Improvements Unit

Woolworths Ltd. and Lowe’s Cos are exiting their unprofitable Australian home-improvements venture after a failed six-year attempt to take on market...

Parmalat Acquires Yoghurt And Dessert Business Down Under

Italian dairy and food corporation Parmalat has signed an agreement with Fonterra Brands to acquire its Australian yoghurt and dairy dessert business. T...

Digital Technology To Add A$6 Billion To Australian Farm Income, NFF Says

Digital technology may add as much as A$6 billion ($4.3 billion) to Australian farming income over the next four years, according to the National Farmers&r...

Australia Wheat Crop Cut as El Nino Brings Hot, Dry Weather

Australia cut its wheat harvest estimate 5.1 per cent after dry and hot weather linked to El Nino curbed yields in the world’s fifth-biggest exporter...

New Woolworths Boss May Be Year Away as Cairns Asks for Patience

Woolworths, the Australian supermarket chain looking for a new boss, said it may be another 12 months before fresh leadership is installed, complicating a...