In this edition
This month's edition is a quick snapshot of the Market with most lines of produce available in abundance.

We also have some exciting news about developments at the Brisbane Markets and what would our little newsletter be without a joke for you to have agiggle over...this month's one is for the farmers.

Enjoy!

This Month in Vegetables
Plenty! Plenty!! and Plenty!!!!

That's the word on the Market, the vegies are great quality and there's plenty of them available.

Cauliflowers and broccoli from Lockyer Valley are available in abundant quatities as are capsicums and beans from Bowen.

Lettuce and cabbages out of Gatton are also in good supply and this means that they are also good buying.

This trend of solid supply is expected to continue throughout the remainder of the Bowen season with good growing conditions expected to carry on until late Winter.

This month in Fruit
As with vegetables, fruit has been fairly steady this month.

Apples are still moving and citrus varieties are still proving popular.

New season avocadoes are appearing on the Market with good quality fruit coming out of Beerwah and Gin Gin.

Bananas are performing well with prices reasonably high for this time of year. most lines are presenting well, with only a few exhibiting the dull, grey winter coat that is the norm for Winter.

Rockmelons are in plentiful supply, but quality is mixed - but prices are good for the best fruit. Watermelons are also in plentiful supply and represent good buying.

Capital raising set to progress
Brisbane Markets Limited (BML) has confirmed plans to progress with a capital raising later this month by way of a Rights Issue to existing shareholders as well as a Public Offer of shares, at an issue price of $2.50 per share, payable in two instalments.

The purpose of the capital raising is to raise approximately $11 million to assist with the company’s ongoing site upgrading and development plans. BML’s CEO Andrew Young says the Company’s strong performance in recent years has laid the foundations for future growth.

“A number of projects have been identified for consideration over the coming two years, at an estimated total cost of up to $40 million,” Mr Young said.

“These projects include a new western access road into the site, two new warehouses, the refurbishment of an office building to create a new commercial precinct in the Markets, and the civil works associated with a South Gate West precinct to cater for further new development projects.

“The projects are critical in terms of addressing significant issues relating to Market access and traffic flow as we upgrade and to assist us in redevelopment of the Brisbane Markets site over the next decade,” Mr Young said.

“Our ultimate aim is for the Brisbane Markets to have the flexibility to respond to stakeholder requirements and provide the highest order of facilities to meet the needs of the industry.”

Under the capital raising, BML is offering for issue partly paid shares, with the issue price of $2.50 payable in two instalments of $1.25 each, with the first instalment payable upon application, and the second and final instalment due on 30 April 2010.

The offer of shares under both the Rights Issue and Public Offer will be made by way of a Prospectus, which will be issued to all existing shareholders, and made available to other interested parties, from 24 June 2009. Entitlement and Acceptance Forms and Application Forms will accompany the Prospectus and anyone wishing to apply for shares or take up their entitlement will be required to complete the appropriate form.

BML is an unlisted public company and in the period immediately prior to the commencement of the capital raising, share prices had traded in the range from $3.65 to $3.70.

In deciding whether to invest in the shares being offered by BML applicants should consider the Prospectus carefully and if in doubt as to the contents of the Prospectus, independent advice should be sought from a stockbroker, solicitor, professional adviser, banker or accountant.

Anyone wanting to register their interest in receiving a Prospectus should contact BML by phone 07 3915 4200 or email: admin@brisbanemarkets.com.au.

A joke for the farmers.....
A Department of Water Resources representative stops at a Shepparton farm and talks with an old farmer.

He tells the farmer, I need to inspect your farm for your water allocation.

The old farmer says, 'Okay, but don't go in that field over there.

The Water representative says, 'Mister, I have the authority of the Federal Government with me. See this card? This card means I am allowed to go WHEREVER I WISH on any agricultural land. No questions asked or answered. Have I made myself clear? Do you understand?'

The old farmer nods politely and goes about his work.

Later, the old farmer hears loud screams and spies the Water Rep running for his life and close behind is the farmer's bull. The bull is gaining with every step. The Rep is clearly terrified, so the old farmer immediately throws down his tools, runs to the fence and yells at the top of his lungs.....

'Your card! Show him Your card!

If you have a story or article that you think would make a great addition to Fresh Perspective contact;

Laura Koman
Ph: 07 3379 3034
Email: laura@pershouse.com.au