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Australian Dairy Farmers Up for Sale

04 July 2008

AUSTRALIA - This week, producers keen to purchase Australia-based Dairy Farmers are set to receive initial regulatory guidance and Nordic cheese manufacturers attempt to fight back against demand for French and Italian products.

According to Dairy Reporter the Australian competition regulator is expected to announce its initial views on attempts by a number of dairy groups to acquire Dairy Farmers, one of the country's leading cooperatives, say news reports.

The potential sale of the group, which has attracted the attention of some of the world's largest dairy players including Parmalat, National Foods and Fonterra has raised concerns over the impact on the industry of any such deal.

The initial opinions of the regulator on the impact of selling the cooperative to local counterpart National Foods is expected by the end of the week, the Financial Times newspaper reported yesterday.

Further statements on the similar impact of the interest from foreign groups like Italy-based Parmalat will be expected later in the month, the report added.

  • View the Dairy Reporter story by clicking here.
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