Lion has initiated a voluntary recall of its new Dare ready-to-drink cold-pressed coffee after it discovered the beverage is at risk of bursting.

The Warrnambool Cheese and Butter board of directors has backed a new $9 takeover offer from Canadian dairy company Saputo.

Coles and Woolworths have finally agreed to an industry code of conduct that dictates how they deal with food and grocery suppliers.

Bega Cheese is back in the takeover battle for WCB after boosting its cash and share bid.

The bidding war for WCB has taken another twist with Murray Goulburn boosting its offer to $9.00 cash per share.

Roy Morgan Research says soft drink makers may need to tweak their advertising strategies to suit an older crowd as soft drinks lose ground among younger Aussies.

Campbell's has made a substantial donation of assorted vegetable soup to Foodbank, the agency that distributes products to food relief agencies.

Nestle has sold off its weight management business Jenny Craig in Australia, New Zealand, North America and the Pacific Islands.

South Australian pickles and preserves company Spring Gully has been granted $576,000 by the state government to help it boost efficiency.

The global market for ready meals market is looking at strong growth fuelled by new innovations in packaging according to US research and advisory company TechNavio.

Fonterra has acquired troubled Tasmanian yoghurt manufacturer Tamar Valley Dairy which went into voluntary administration in September.

Foods with at least 275 kilocalories per 100 grams, such as fried foods, confectionery, and ice cream will soon be subject to an 8 per cent tax in the world's most obese nation.

Kellogg is set to reduce its global headcount by seven per cent and consolidate its processing operations over the next four years to reduce costs.

CCA has lowered its earnings expectations for the year to 31 December but says it is ready to hit the ground running with a portfolio of beer brands.

Research shows local beer-drinking preferences are changing with Australians turning their backs on locally produced beer in favour of imported brands.

Luv-a-Duck has been ordered by the federal court to pay a $360,000 penalty for misleading advertising with regard to the living conditions of its ducks.