Australia’s biggest privately-owned dairy processor, United Dairy Power, has been sold to Hong Kong-based businessman William Hui for approximately $70 million.
The political lobbying accompanying the government’s decision to withhold financial support from SPC Ardmona has overshadowed the big structural issues facing Australia’s preserved food industry.
Beam, the manufacturer of Jim Beam and Marker’s Mark, has been acquired by Japan’s Suntory Holdings for US$13.6 billion (A$15bn), with annual spirit sales for the combined company expected to top US$4.3bn.
In China’s most recent food safety scare, seven members of a gang have been arrested for allegedly injecting up to six kilograms of dirty pond water into lambs as a means of boosting profits.
More than 300 people have fallen ill in Tokyo, Japan, with Maruha Nichiro Holdings, the country’s largest seafood company, at the centre of a food poisoning scandal.
Australia’s dairy industry is set to enjoy a massive wave of demand from Asia, which could see dairy product volumes increase by 50 to 60 percent over the next decade.
China manufactures an enormous amount of consumer goods. But stigmatised as low cost, low quality products, Chinese brands have yet to make inroads into international markets.
The third Cirrus Media Industrials poll reveals that industry is concerned about the impact of Free Trade Agreements (FTAs) which the Government is attempting to forge with China, South Korea and Japan.
When I heard that Asia, and particularly China, started to show interest in cheese, I automatically assumed that the French would be leading the race of cheese exports to the region. How wrong I was.
Dairy co-operative, Norco, is preparing to send a trial batch of its fresh milk to China.
If headlines are to be believed, the new Coalition government is set to “embrace free trade” in its first term in office.
More than 20,000kg of fake beef has been seized by police in Xi’an, Shaanxi province, with six meat workshops shut down.
Finalising free trade discussions, cutting red tape and reducing energy costs are at the top of the list of priorities food manufacturers hope the new Abbott Ministry will commit to.
In their final election debate at the Rooty Hill RSL Club, both leaders were asked about foreign investment of agricultural land in Australia.
Saori Kojima created her range of healthy and delicious sauces so that anybody can enjoy a large variety of quick and easy Japanese dishes.
Large parts of Australian agriculture are economically and financially unsustainable. Returns are inadequate and unbalanced; assets are depleted; risks are needlessly high. To date, governments have largely relied on the market to address problems, but problems have worsened.
Contract packager, Multipack, is celebrating the opening of its new accredited food facility, allowing the company to expand its offering to include primary and secondary packaging for FMCG food brands.
Australia’s garlic industry is set to make a comeback following a very challenging few years, which has seen the value of the industry cut in half.
NZ’s Prime Minister will travel to China to ensure confidence in the country’s food industry is restored, following a ministerial inquiry into Fonterra’s recent contamination scares.
Despite the tough times beef producers up north are experiencing, Australia’s beef industry overall is poised for a good year.