Ben Westcott

The Australian government is planning to open consultation on introducing mandates for biofuels as part of a plan to boost energy security, lower transport emissions and take advantage of the nation’s billion-dollar agricultural industry.

Wheat futures were on track to extend their longest losing streak since January, as traders returning from a US holiday digested progress in negotiations to end the war in the Middle East.

Australia’s red meat industry expects strong beef demand in the US and Southeast Asia will largely offset the impact of a new 55% tariff by major customer China, which could come into effect as soon as mid-June.

Australia’s winter wheat crop is forecast to fall by more than a quarter in the 2026/27 season due to unusually dry weather, low global prices and higher input costs resulting from the war in the Middle East.

Australian vintner Treasury Wine Estates is expecting lower earnings for the current financial year as it looks to focus on solidifying key markets and bolstering its position in the luxury portfolio.

Australian vintner Treasury Wine Estates is expecting lower earnings for the current financial year as it looks to focus on solidifying key markets and bolstering its position in the luxury portfolio.

US authorities are accelerating emergency measures after the flesh-eating New World screwworm parasite was detected in a three-week-old calf in South Texas, the first animal case reported in the country in almost a decade.

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Australian beef exports to China will face an additional 55% tariff starting this weekend after hitting Beijing’s annual quota limit, which could impact trade flows and prompt producers to seek new markets for red meat.

Asian consumers will be facing higher grocery bills for months thanks to costly packaging stemming from the Iran war, which created severe shortages of plastics needed to get food from farms to market.