News

A shake-up of Australia’s banana segment is coming, as Perfection Fresh acquires the licensing rights to three varieties. Kim Berry finds out how the sector is set to shift.

Collaboration across the Tasman has a long and proud history, but current legal action by New Zealand manuka honey producers is putting that friendship and an entire industry at risk.

After two years of recipe and ingredient revisions, Coles has reduced the salt content in 46 of its Coles in-store bakery products by up to 25 per cent, or 76 tonnes a year.

Australia’s food and grocery manufacturing sector could double to become a $250 billion powerhouse by 2030, the AFGC said in its Sustaining Australia: Food and Grocery Manufacturing 2030 report.

The Good Food Institute has released its 2020 State of the Industry report on fermentation, as the sector grows to become the “third technological pillar” of the alternative protein sector.

Synlait Milk has released its FY21 guidance, and is working with its banking syndicate to ensure appropriate funding for FY22. It follows the resignation of the company's CEO and CFO since mid-April.

Freedom Foods Group has successfully completed its capital raise, with an oversubscribed wholesale investor offer raising $265 million. After a grim 18 months, it marks a key point in the company’s recapitalisation to fund its operational and financial turnaround.

Given the global focus on health, superfoods – those ingredients that pack an extra health punch – are currently big business. Joanne Ma from the upcoming Naturally Good Expo profiles some of them.

We ask industry leaders five questions about their working life. This month we talk to Robert Foye from Accolade Wines.

Swedish oat milk producer Oatly has a market cap of US$10 billion after its initial public offering raised US$1.4 billion this week. The group issued 84.4 million American depository shares at US$17 per share, which surged 18.8 per cent during trade.

Australian Agricultural Company has reported an operating profit of $24.4 million for the first half of FY21. Managing director and CEO Hugh Killen said it was a “solid year” under the circumstances.

Chr. Hansen Natural Colors will now operate under the name Oterra, effective immediately, as the company continues its transition to a standalone company.

Australian spirit producers, including Cape Byron Distillery, Archie Rose Distillery, Twenty Third Street Distillery and more, have all shone on the international stage at the 2021 SIP Awards.

Functional drinks, including those containing cannabis- or hemp-derived ingredients, are one of the fastest growing segments of the beverage category. Matt Hale from HRS Heat Exchangers writes.

Massive growth and little sign of slowing, it seems like a no-brainer to get on board the plant-based express. Future Market Insights co-founder and managing director Sudip Saha provides 7 tips to remember when you do.

The food and beverage sector has stepped up to the task of creating a circular economy for plastics, with manufacturers in the APAC region signing on as founding members of the ANZPAC Plastics Pact.