The a2 Milk Company says it’s expecting mid to high single-digit revenue growth in FY25, updating its previous guidance of mid single-digit. EBITDA as a percentage of revenue is expected to be broadly in line with FY24. The company has also introduced a dividend policy.

The winners of the 2024 Spirits Business Awards have been announced, with Australian companies, Archie Rose Distilling and Curatif, among those awarded.

Foodbank Australia has appointed Duncan Makeig as its new board chair, replacing Tony Froggatt. Makeig, the former managing director of Lion Asia Dairy, takes the reins as the cost-of-living crisis continues to heavily impact the lives of vulnerable communities. 

Noosa Chocolate Factory has opened a permanent new location in Brisbane Arcade, just in time to showcase its premium handmade chocolates for the festive season.

Precision is paramount in the world of food and beverage production. In the October/November edition of Food & Drink Business magazine, Mettler Toledo examines a recent study which highlights the need for high-quality calibration buffers in maintaining measurement precision.

Food Standards Australia New Zealand (FSANZ) is calling for submissions as part of its review of the Health Start Rating (HSR) and Nutrition Information Panel (NIP) systems.

Nestlé has outlined its plan to find “at least” $4.3 billion (CHF 2.5 billion) in cost savings by the end of 2027 and spin off its water and premium beverages business into a standalone company from 1 January 2025.

A national network for young grape and wine professionals has been launched, set to foster the next generation of winemakers, viticulturists, cellar door staff, wine judges and other roles in Australia’s wine sector.

A new bill was introduced to Parliament on 19 November, which offers a framework for regulating the sale or importation of organic goods in Australia, and stronger opportunities for exporting organic products.

The Senate Economics Committee has rejected the Food Donations Bill that proposed a tax offset for companies donating excess food to food relief agencies rather than dumping it. While the bill had the potential to deliver the equivalent of 100 million meals to food relief organisations, the committee said it had “serious concerns” including the bill’s “generous” tax concessions. Food relief agencies and social welfare organisations have questioned the committee’s decision to reject the bill outright rather than make recommendations for amendments.  

The winners of the 62nd annual Australian Export Awards were announced in Canberra yesterday, featuring three winners from the food sector – including dessert manufacturer Frosty Boy Global, in the Agribusiness, Food and Beverages category.

Mondelēz International has appointed Toby Smith as President Japan, Australia and New Zealand, with the incumbent, Darren O’Brien, appointed Global Chief Corporate and Government Affairs officer.

New Zealand oat milk start-ups, Otis and All Good, have merged to form a new plant based business – Good & Humble – dedicated to championing locally grown oat milk and expanding sustainable beverage options globally.

The latest white paper from the Food and Beverage Accelerator (FaBA) says a federal Minister for Food and a National Food Plan are necessary if Australia’s food industry is to meet the challenges of supply, nutrition, access, and climate impacts to its food system.

The winners of one of Australia’s most significant regional wine shows, the McLaren Vale Wine Show, have been announced. From over 600 entries, the Penny’s Hill 2023 Single Vineyard Grenache came out on top.

Austrade has signed a strategic partnership with Australia’s national centre for Asia capability, Asialink Business, to develop opportunities for Australian businesses to enter and succeed in Asian markets.