News

Global food and beverage solutions company, Tate & Lyle, has acquired nature-based ingredients company CP Kelco for US$1.8 billion on a cash-free, debt-free basis. Tate & Lyle said the deal will “significantly accelerate” its growth plans.   

While it’s common knowledge that a well-marbled steak makes for tastier eating, there’s no official international measure for what constitutes quality meat. MEQ CEO, Remo Carbone, puts the case for establishing a global standard to grade red meat.

Consumer advocacy group, Choice, has found that shopping at Aldi can save consumers around 25 per cent on a basket of groceries, with Woolworths coming in second, slightly cheaper than Coles.

In response to Dr Craig Emerson's review of the Food and Grocery Code of Conduct, the federal government said it will adopt all 11 recommendations and prioritise new legislation to protect suppliers from retribution by supermarkets.

Handing down his final report from his review of the Food and Grocery Code of Conduct, Dr Craig Emerson says that if the imbalance in market power between supermarkets and suppliers is to be corrected, a mandatory code is needed with heavy penalties for breaches.

The Export Consultant Association Incorporated (ECAI) says changes to the Export Market Development Grant Program (EDGP) will see many exporters locked out of the initiative.

The National Food Waste Summit returns on 24-25 July, bringing together the brightest minds and leaders committed to creating a more productive, sustainable, and resilient Australian food system by ending food waste and food insecurity. In the lead-up to the summit, Food & Drink Business is profiling some of the changemakers that will be on-hand at the summit’s Trade Show. This week we talk to Yume about how Australian manufacturers are slashing waste and boosting profits through food waste action.

Looking at innovation in gin production, IWSR found that while some markets are facing challenges, producers are incorporating local botanicals, cultural practices, other spirits, and specific water sources to keep things fresh.

As part of a national program to increase trust in Australian agricultural exports to South-East Asia, the Department of Agriculture, Fisheries, and Forestry has awarded 11 grants worth $3.9 million to industry bodies and universities to improve traceability.

Almost three months since the removal of tariffs on Australian wine imports into China, Treasury Wine Estates (TWE) provided a market update on its Penfolds business and China strategy.

After announcing plans to divest its global consumer business, dairy co-op Fonterra has made three management changes.

This week the national science agency, CSIRO, and the University of Queensland launched a new initiative – Food System Horizons – to accelerate the country’s transition to a food system that is more sustainable, nutritious, and equitable than what we’ve currently got. But will this just be another talkfest?

Just three months after launching its first product range in 1600 supermarkets across Australia, family-owned start-up, Naked Rivals, has completed a $3 million capital raise.

Researchers from Charles Sturt University (CSU) and the University of New South Wales (UNSW) are studying gender equality in Australia’s grape and wine sector, after it was identified as a priority in the consultation for the One Grape & Wine Sector Plan.

Goterra is expanding its food waste reduction scheme in Sydney. Residents will collect their food waste to be broken down by black soldier fly larvae, turning it into protein-rich animal feed and fertiliser.

Australian Organic and ACO Certification have spoken out at a public hearing for the federal food and beverage manufacturing inquiry. They claim that the industry is being held back by Australia’s labelling laws.