Multinational Italian dairy and food corporation, Parmalat has announced its purchase of Western Australian dairy and fruit juice company, Harvey Fresh.
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Saputo announces WCB restructure plans, current directors to resign
As a result of its 87.92 percent stake in Warrnambool Cheese and Butter Factory, Saputo has requested a number of changes to the company’s constitution including a restructure of the WCB Board.
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Patties Foods announces new managing director
Patties Foods today announced the appointment of new managing director and chief executive officer, Steven Chaur.
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Coles boss says red tape is hindering Australia’s export capabilities
Managing director of supermarket giant Coles, Ian Mcleod told the Global Food Forum in Sydney yesterday that excessive red tape coupled with high labour costs and declining productivity is hindering Australia’s ability to capitalise on the ever increasing global demand for food.
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Bega’s market capital rises above $300m after WCB bidding war
David Williams, adviser to Bega Cheese during the three-way bidding war for Warrnambool Cheese and Butter, has said that in addition to gaining $100m by selling its stake in WCB, Bega also saw its capital rise by $300m, placing it as an ASX top 200 company.
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Coke in hot water over management pay proposal
Atlanta based beverage giant, Coca-Cola has attracted criticism from investment fund, Wintergreen Advisers for its new pay proposal for management, stating that it was ‘unfathomable’ in light of the company’s slowing growth.
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Global milk prices to ease, Rabobank
According to Rabobank’s Q2 quarterly report, global milk prices will ease from mid to late Q2 2014, while exportable supply is expected to continue rising due to improved margins experienced through high milk prices and falling feed costs.
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Bega Cheese to develop new sustainability and growth initiatives
Bega Cheese has announced that it will invest in business initiatives that promote both growth and sustainability in the milk supply.
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Mondelez encourages SA participation at SME innovation program
A group of 18 small to medium South Australian food companies will be attending the intensive two-day Competitive Foods Initiative program in Melbourne run by Mondelez International.
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MG tipped to offer $400m for Peters Ice Cream
Speculation surrounding a possible $400m takeover bid of Peters Ice Cream by Murray Goulburn continues to mount in light of a presentation from Peters’ owner, private equity firm, Pacific Equity Partners (PEP).
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Winemaking Tasmania up for sale
Established by award winning winemaker Julian Alcorso in 2001, Winemaking Tasmania has now been placed on the market, providing the opportunity for ‘new blood’ to enter the market.
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Poor grocery sales cause Metcash’s earnings to drop
Metcash is expecting its earnings outlook to decline by 13 to 15 percent due to lacklustre grocery sales.
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Labor pressures Nash to resign over star rating scandal
Fiona Nash has been censured by parliament for misleading the senate and failing to produce documents that allegedly proved she had adequate provisions in place that addressed her chief of staff’s co-ownership in a junk food lobby.
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AFGC welcomes Victorian Food to Asia Action Plan
Peak lobby group, the Australian Food and Grocery Council (AFGC) has welcomed the release of the Victorian Government’s Food to Asia Action Plan.
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Food industry must stop undermining the star rating system, AMA
Dr Steve Hambleton, president of the Australian Medical Association (AMA) has accused the Australian food industry of ‘undermining’ the Health Star Rating System.
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GM canola trial verdict still unknown
The landmark case involving Steve Marsh, a Western Australian farmer who has accused his neighbour, Michael Baxter of contaminating his farm with genetically modified canola has wrapped up in the state’s Supreme Court, however the final verdict is not expected to be handed down for another few months.
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Narrowing global food supply runs climate change risk
New research has found that decreasing versatility in diets around the globe is making the food supply more susceptible to climate change related threats.
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SA state government to invest $6m in food and wine if re-elected
The South Australian government has announced that it will invest $6m to boost food, wine and fibre production under the agribusiness accelerator program should it get re-elected this month.
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Annual report uncovers top eating trends for 2014
According to Weber Shandwick’s recently released Food Forward 2014 report, seven key eating trends are predicted to rise in 2014, including freekeh and 'mutant' food combinations.
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Warrnambool posts 16m increase on half year profits
Warrnambool Cheese and Butter Factory have posted a 104.7 percent increase in half year net statutory operating profit after tax, equating to an additional $16m on the same period last year to $31.3m.
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