North Australian Cattle Company out of voluntary administration with new owner
ABCOne of Australia's most well-known live export companies has emerged from voluntary administration with a new owner. Key points: North Australian Cattle Company has been bought by exporter Ashley James The company was owned by a Chinese-Australian partnership that fell into administration The live cattle trade is experiencing a historic slowdown in shipments North Australian Cattle Company was founded in 1980 and run by Elders for nearly three decades until its sale to a Chinese-Australian buyer in 2017. "It's an iconic live export company, it's now back in Australian hands, and hopefully we can keep it running for another 50 years." According to the NT Livestock Exporter's Association, the live cattle trade in northern Australia is facing a "historic slowdown in shipments" and a tough six months ahead. "The flow-on effects of high cattle prices in Australia and market disruptions in South-East Asia are causing an abrupt slowdown in northern Australia's live export trade," NTLEA chief executive Tom Dawkins said.
Discover Related
