News

Maggie Beer Holdings reported record sales in 1H21, with net sales up 28.6 per cent on the prior comparative period. Cheese was the standout, up 76 per cent pcp.

Patties Foods will sell its two Victorian manufacturing plants in a sale-and-leaseback offering, it announced this week. It anticipates raising around $130 million from the sales.

Revenue for the a2 Milk Company fell 16 per cent in the first half of FY21 to $677.4 million but new CEO David Bortolussi remains upbeat, saying the fundamentals of the company were strong.

Bega Cheese has generated statutory EBITDA of $65.8 million, an increase of $26.5 million on the pcp. Its half-year reported PAT was $21.7 million, increasing 154 per cent ($13.2 million) on the pcp.

Pernod Ricard Winemakers is the first wine company to be recognised by the Workplace Gender Equality Agency as an Employer of Choice for Gender Equality. Similarly, Woolworths is the first major food retailer to receive the citation.

A three year partnership between the Kellogg Australia Charitable Foundation and the Foundation for Rural & Regional Renewal aims to combat food insecurity in regional and rural Australia.

Coco-Cola Amatil has committed to net zero carbon emissions by 2040 in the release of its latest sustainability goals, 2020-2040 Sustainability Ambitions.

The growing popularity of alternative milks and proteins raises questions around how we define traditional concepts of milk and meat. Dr Philip Button writes.

As the world prepares to lift from the Covid pandemic, global trends intelligence specialist Stylus, examines global wellness ingredient trends to watch in 2021.

Woolworth’s Group supply chain arm, Primary Connect, has started to build the company’s 42,000 square metre temperature-controlled distribution centre at Heathwood in Queensland’s south east.

Ingham’s has reported a net profit after tax of $35.3 million, up 37 per cent in its FY2021 half year results. The company has reduced frozen inventory and recorded 4.6 per cent revenue growth.

Coca-Cola Amatil has recorded a net profit after tax drop of 51.9 per cent to $179.9 in what will be its last as a listed company before its acquisition by Coca-Cola European Partners (CCEP).

The Victorian Government has supported a new fruit warehouse and cold storage facility in Mildura to help boost horticulture exports and local jobs.

After a tumultuous year, the Australian dairy industry is on track to see consecutive seasons of profitability. Rabobank dairy analyst Michael Harvey provides a forecast.

Treasury Wine Estates has recorded a net profit after tax (NPAT) drop of 43 per cent to $120.9 million and cut its first half dividend from 20 cents to 15 cents per share. Ongoing impacts from COVID-19 continued to disrupt sales channels, particularly for higher margin luxury wines.

The Health Star Rating calculation for 100 per cent fruit and vegetable juices will remain unchanged following the recent meeting of the Australia and New Zealand Ministerial Forum on Food Regulation.