An imbalance in bargaining power and the need for a mandatory code of conduct are two of the 14 recommendations put forward by Dr Craig Emerson, following his 10-month review of the trade and competition dynamics in the grape and wine sector. Read more
The New South Wales government has launched its Advanced Manufacturing Research Facility’s (AMRF) Connect hub, aiming to boost domestic manufacturing capability by connecting industry and investors.
Fonterra Co-operative Group has lifted this season’s milk price due to a strengthening in global dairy trade prices and constrained milk supply in key producing regions.
Fonterra Co-operative’s net profit after tax for FY24 is NZ$1.2 billion, down from $1.6 billion last year. Its earnings before interest and tax (EBIT) was $1.6 billion. Its final farmgate milk price as $7.83 per kgMS.
Cellular Agriculture Australia's latest report urges cellular agriculture companies to prioritise effective communication and evidence-based claims to future-proof the industry.
With Australia’s dairy sector experiencing global market volatility, record farmgate milk prices, and rising costs, Foodtech accelerator Eatable Adventures’ report into the future of the industry is timely. Technology is having a transformative impact while hybrid products, sustainability initiatives, and strategic innovation partnerships are on the rise. With a global lens, the Future of Dairy report examines the factors driving this US$944 billion industry.
The founding CEO of the National Reconstruction Fund Corporation (NRFC), Ivan Power, has resigned due to health reasons, after less than a year in the role. The news came just shy of the corporation's first birthday, with an investment yet to be made.
Two of Australia’s biggest advertisers, Coles and Woolworths, face further regulation after being taken to court for allegedly misleading their customers with false claims in their commercials. Editor of Yaffa Media title Ad News, Chris Pash, looks at the potential impact of the ACCC case.
GlobalData research is supporting Food Standards Australia New Zealand gain industry support for its proposed introduction of new health-conscious labelling standards for alcoholic beverages.
The first advisory board has been appointed to advise and support the implementation of Western Australia’s 10-year innovation strategy, which was launched in 2022.
More than 85,000 visitors attended the world’s largest natural, organic and health products expo – Natural Products Expo West – in California this year. Among them were Amanda Thomas and Lauren Robinson from ingredients company, Hawkins Watts. The pair compiled their Top 10 highlights from the exhibitors (over 3500), presentations, networking, and new products.
The Australian Competition and Consumer Commission (ACCC) says it is unlikely to approve the Infant Nutrition Council request for a five-year extension to its industry code because of several factors undermining its effectiveness.
The James Boag’s Brewery visitor centre is getting a $1.8 million upgrade, co-funded through $1 million from the Tasmanian Government and the rest from beverage company and brand owner, Lion.
Dairy processor, Beston Global Food Company (BGF), has entered voluntary administration after Japanese dairy company, Megmilk Snow Brand Co, pulled out of a deal to acquire the company. KPMG has been appointed as voluntary administrators.
The ACCC is taking Woolworths and Coles to federal court for alleged breach of Australian Consumer Law, after an investigation revealed they had been misleading consumers through discount pricing claims on hundreds of common supermarket products.
Over the last few years, the liquor industry in Australia has experienced one of the most tumultuous periods in living memory. Consumer intelligence company, NielsenIQ (NIQ) has released its Full View of Liquor report, which reveals some interesting trends given the shifts in the current economic landscape.
Select Harvests says its $80 million fully underwritten capital raise would be used to pay down debt, provide facility headroom, and fund capital investment to increase processing capability.