News

A Federal Court ruling that outlined how one of the biggest corporate collapses in recent years occurred and a divestment with a non-cash impairment of hundreds of millions of dollars dominated the headlines this week.

The Halliday Wine Companion has announced its Award winners for the year, celebrating some of the nation’s top wines, winemakers, viticulturists and wineries in its guide to all things Australian wine.

A Food Standards Australia New Zealand survey suggests that nutrition is the most valued food property for consumers, with three quarters stating that they look for dietary information on labels – but over a third do not trust on-pack labelling.

Secretary-General for the Global Alliance for a Sustainable Planet, Satya Tripathi, will headline this year’s AltProteins 24 conference on 10 October. Tripathi joins more than 40 speakers from around the world coming to Melbourne to discuss future food systems and alternative proteins. 

In its tenth year, the 2024 Melbourne Royal Australian Distilled Spirits Awards (ASDA) has celebrated Australia's best spirits and distilleries in the Victoria Pavilion at Melbourne Showgrounds. More than 80 gold medals were awarded this year.

La Trobe University is collaborating with crop cultivation solutions organisation, Gaia Project Australia, to develop a farming system that can thrive in a controlled and contained environment – even the depths of space.

PepsiCo Australia brand, Smith’s, has achieved a 3.5 Health Star Rating across the entire Thinly Cut and Baked potato chip ranges, with reduced sodium content the key factor.

The winner of Cooperative Research Australia’s 2024 Early Career Researcher Competition has developed a pocket-sized 3D printed device that pairs with smartphone apps to allow farmers to test soil fertility.

The International Fresh Produce Association Australia-New Zealand (IFPA A-NZ) is assembling delegates from across the fresh produce supply chain at its Sustainability Summits in Melbourne (13 August) and Auckland (15 August) to discuss key issues and develop frameworks to mitigate climate risk, regulatory pressures, and other challenges for the sector.

More than four million cartons per week will move through Coles’ new Kemps Creek automated distribution centre in western Sydney, opened on 6 August. The ADC is the second Coles has built using Witron technology, as part of its $1 billion tech and innovation investment.

Australia’s largest independent, family-owned brewery, Coopers, has unveiled its $70 million new home. Still on home soil at Regency Park, Adelaide and sitting next to the existing brewery, as well as hospitality options, a tasting room, and microbrewery, is an exciting twist – a whisky distillery and underground stillage for 5000 whisky barrels.

Treasury Wine Estates says it will divest its Commercial brands portfolio and register a $290 million non-cash impairment after tax against its Treasury Premium Brands (TPB) division, including Wolf Blass, Yellowglen, and Lindeman’s brands.

Australian and New Zealand food ministers at state, federal and national levels recently met to thrash out what’s next for health star ratings on packaged foods. Now, after the food industry made slow progress in meeting the target to roll out health stars to more products voluntarily, ministers are tightening the screws.

A plan to help the wine sector recover has been released by Australian Grape & Wine and Wine Australia. The One Grape & Wine Sector Plan “provides the framework for collaborative and coordinated action”, they said.

With the Federal Court approving the $5 million civil penalty agreement between Noumi and the Australian Securities and Investments Commission (ASIC), details of the historical company disclosure obligations breaches at Freedom Foods Group have been aired.

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