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10/23/2012

Rural Report for North and Far North Queensland

Sarina Locke
The supermarket giant Coles faced a barage of questions from farmers about its Down Down campaign at an event it helped pay for.
Coles is the major sponsor to the National Farmers Federation Congress in Canberra, attended by 300 farmers and business people.
The NFF and Coles both say it's important to be in the same room.

Sugar week stirs global markets


Charlie McKillop
The volatile nature of global sugar has again played out with full effect as the market slumped and then rallied again to be up by 50 points.
It was a week in which all eyes were on London Sugar Week - a biennial event which brings together the who's who of world sugar to exchange information about all aspects of production and market outlook.
Green Pool Commodities senior analyst Tom McNeill says even amid the cocktail parties and dinners, the mood was decidedly bearish, especially with a potential clash between sugar giants Centre South Brazil and Thailand on the horizon.

BMA dispute resolved


Michael Cavanagh
The long running industrial action at the Bowen Basin mines run by the BHP Billiton Mitsubishi Alliance better known as BMA has finally been settled.
Around sixty per cent of employees covered by several unions including the Construction Forestry Mining and Energy Union and the Electrical Trades Union backed the agreement which includes a fifteen per cent pay increase over three years more superannuation and a local housing agreement to support families choosing to live in local towns.
CFMEU District president Steve Smyth concedes that given the present economic conditions it was the best that could be hoped for and that there were no compromises, but he's not "entirely happy with where it landed".
BMA asset president Stephen Dumble says it was inevitable there would be compromise by both parties and he is pleased a solution was found after long and difficult negotiations.
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