News

The Australian Competition and Consumer Commission says it will not oppose the proposed $600 million acquisition of Lion Dairy & Drinks by China Mengniu Dairy Company, citing “relatively low” levels of aggregation for raw milk purchases.

Australia’s dairy and soy food sector is expected grow to $13.2 billion by 2023, with the increase linked to the rising demand in the drinkable yoghurt category, a recent GlobalData report revealed.

The Asia-Pacific prepared meals sector is set to reach almost $51 billion (US$38.4 billion) by 2023, according to a report from GlobalData.

Coca Cola Amatil has recorded revenue growth in its Australian Beverages business for the first time in seven years, its full year results revealed today.

A spot poll of Australian businesses in China by AustCham Shanghai revealed 92 per cent thought Covid-19 would negatively impact their Q1 revenue forecasts. Food & Drink Business delivers its second update on the virus's impact on the F&B sector.

Food technology company Bühler and flavour and fragrance specialist Givaudan have announced a joint innovation centre on plant-based foods in Singapore.

Asahi Lifestyle Beverages has renewed its exclusive bottling partnership with PepsiCo Australia for the long term, extending its 20-year partnership in the country.

A collaboration among Pact Group, Cleanaway Waste Management and Asahi Beverages will see the development of a local plastic pelletising facility in northern Victoria, aiming to close the loop and contribute to a circular economy.

The Australian Institute of Packaging (AIP) has released its provisional programme for the biennial AIP Australasian Packaging Conference – to take place over 1-2 April.

Want to know where and how your avocado was grown? Brisbane tech company Fresh Supply Co is creating digital food identities on a global network it’s calling ‘the internet of food’. Stuart Ridley writes.

A consolidated and rebranded grower-owned macadamia company will be the world’s largest macadamia processor and marketer, Marquis Macadamias.

Queensland-based Mungalli Creek Dairy has opened its $3 million processing plant in Millaa Millaa, south-west of Cairns. The new facility is expected to cement the dairy processer as the largest employer in the rural community.

The Palaszczuk Government has officially opened a $10 million manufacturing hub in Rockhampton as part of the state’s $30 million investment. It is one of three manufacturing sites set to be delivered by the Queensland Government.

Nestle has recorded organic growth of 3.5 per cent for FY19, with CEO Mark Schneider expecting it to accelerate through 2021/22 to sustainable mid-single digit growth.

Former director of Bellamy's Australia Jan Cameron will face criminal charges following an investigation by the Australian Securities & Investments Commission (ASIC).