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Some of Australia's top 100 companies battled adverse conditions in 2019 or restructured, and as a result lost ground in this year's Top 100 Food & Drink Companies report, produced by Food & Drink Business in collaboration with IBISWorld.

Sugar companies had a tough year. A significant decline in the price of sugar from 2017 through to 2019, coupled with an increased supply from India and Brazil impacted the industry. Tully Sugar dropped 14.51 per cent in revenue, MSF Sugar 20.71 per cent (#70 to #85), and Mackay Sugar 26.58 per cent (#53 to #71).

Bellamy’s Organic fell three places to #77 with an 18.59 per cent fall in revenue largely due to a licencing roadblock to access the China market. The company waited more than a year for State Administration of Markets Regulations (SAMR) registration from Beijing, eventually accepting a buy-out offer from China Mengniu Dairy Company for $1.5 billion.

Monde Nissan had a 12.44 per cent revenue fall (#56 to #60). A crowded market in dips and snack foods as well as a softening in demand for juices may have been contributors to its drop.

Where does your company rank?  

EXCLUSIVE: Australia’s Top 100 Food & Drink Companies 2020

Top 100: The fastest movers of 2020

Top 100: The stellar sectors in 2020

Top 100: Arrivals and departures in 2020

Top 100: Food & Drink Business Podcast – editor Kim Berry and IBISWorld industry analyst Matthew Reeves dissect this year’s report.

Editorial by Food & Drink Business. All data sourced from IBISWorld.

 

Packaging News

Australia’s first industry insight reports for the Save Food Packaging Design project as part of the Fight Food Waste CRC have been released by the Australian Institute of Packaging, in partnership with RMIT.

Orora achieved increased underlying earnings before interest and tax in all its businesses in the first half, on sales that rose 3 per cent in constant currency terms, with Australasia the best performer.

Profits at Pact Group rose strongly, on sales that were up a smidgeon, in its first half results, with the company attributing the rise to solid organic growth and higher margins.