News

Dairy giant Fonterra has been recognised for its commitment to sustainable packaging, achieving ‘Leading’ status under the Australian Packaging Covenant Organisation (APCO) standards based off its 2024 Annual Report.

Despite Ingham’s recording a 68 per cent increase in net profit after tax to $101.5 million and revenue up 7.2 per cent to $3.3 billion, its share price dropped 20 per cent on news of a smaller contract with Woolworths and forecast flat growth.

Bacardi-Martini Australia has appointed Kayla Grigoriou as its Angel’s Envy whiskey specialist. Food & Drink Business spoke to Grigoriou about her industry experience, the influence of bourbon, and the Australian whiskey scene.

Woolworths Group has invested an additional $7 million into small business accelerator, Seedlab Australia. Since 2021, Woolworths has previously provided the FMCG business incubator with over $5.2 million in funding.

The latest scorecard on innovation and productivity in New South Wales presents a state with solid, even above average, skills that with more application could do better. The minister for Innovation, Science, and Technology – just one of his five portfolios – Anoulack Chanthivong, said it was a “wake up call”.   

AgriFutures Australia and The Australian Grown Coffee Association have released a manual for growers in Australia, covering each stage of production and best practices for coffee cultivation in the region's climate.

As Fine Food Australia celebrates its 40th anniversary, it is excited to host a handful of Australia’s forward-thinking brands committed to leading the future of sustainable retail methods.

South Australian dairy business, Beston Global Food Company (BGF), is expecting a binding offer to acquire the business by 9 September. BGF went into a trading halt on 1 July as it sought to resolve its funding arrangements.

Synlait Milk has agreed to recapitalisation terms with its two largest shareholders that include aggregate new equity of $217.8 million. It is also in the final stages of refinancing its bank facilities. A special shareholders’ meeting will be held on 18 September to approve the plan.

US-headquartered event and marketing agency, Code Four, has acquired Crafted Beer Festival, the Gold Coast’s premier celebration of craft beer, as part of its Australian expansion strategy.

National science agency, CSIRO, is calling for applications to join the latest cohort in the India Australia Rapid Innovation Startup Expansion (RISE) Accelerator. This round is inviting start-ups and small- to medium-sized enterprises (SMEs) with innovative agritech solutions to apply.

Hort Innovation’s Frontiers investment program is supporting a $41 million tree crop program, bringing together growers and plant scientists to accelerate the development of new almond, apple, citrus, macadamia and mango varieties.

The statutory authority for commercial egg producers, Australian Eggs, has launched a virtual reality biosecurity training tool, aiming to increase the security of egg supply.

At a time when digital innovation is reshaping industries across the board, the food and beverage sector is embracing a technological revolution of its own. Augmented reality (AR) is both enhancing productivity and revolutionising the fabric of how food and beverage companies operate, troubleshoot, and innovate by bridging the gap between the physical and digital worlds. TeamViewer’s Andrew Belger explains how.

With Australia’s food and grocery sector now worth $163 billion, up 11.6 per cent in 2022/23, the Australian Food and Grocery Council (AFGC) is calling on the federal government to include the country’s largest manufacturing sector in its Future Made in Australia policy.

Developing beverage alcohol markets are set to be the major growth engines in value terms for beverage alcohol over the next five years, spearheaded by India, China, Brazil and Mexico.