NEWS - FOOD INDUSTRY

NEWS >> FOOD INDUSTRY

Displaying 191 - 200 of 319 items.
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GlobalDairyTrade auction: international dairy prices fall by 8.8 per cent

International dairy prices fell by 8.8 per cent at this morning's GlobalDairyTrade auction - the first sale to be held since last week's 1080 infant formula contamination scare. The decline brings to an end a six-auction winning streak that started last December, which featured two big improvements in the month of February. Last week, the Government revealed that there had been threats to contaminate infant and other dairy formula with 1080 poison. The threat has been under ... more

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Fonterra expands organic milk business

Fonterra has announced this week that it will expand its organic milk business to help meet growing demand. This decision follows Fonterra’s recent review on how best to position this speciality business for sustained growth. At meetings with farmers this week, Fonterra’s global business manager for Organics, Craig Deadman, said the Co-operative is committed to developing its organic milk supply over the long term to meet escalating demand. “Following our ... more

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Meat industry report backs co-op model

A report into New Zealand's meat industry has come out heavily in favour of a single co-operative business model similar to Fonterra's to deal with decades-old issues of overcapacity and too much competition for stock. The report from Meat Industry Excellence (MIE), a group formed to effect change in an industry that has struggled for years to function profitably, said billions of dollars had been lost from the sector because too many processors were competing for a dwindling supply of ... more

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Fonterra completes Beingmate partial tender offer

Fonterra Co-operative Group Limited today confirmed that it has completed the partial tender offer and will acquire 18.8 per cent of leading Chinese infant formula manufacturer, Beingmate Baby & Child Food Company Ltd. The transaction will be closed in the next few days. Chief Financial Officer Lukas Paravicini said the companies had earlier made provision for the possibility of the Partial Tender Offer reaching slightly less than 20 per cent. “Our goal was to ... more

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Lion NZ full-year net profit falls 20 percent

Lion - Beer, Spirits & Wine (NZ) Ltd , which has 46 per cent of the New Zealand market and is owned by Japan's Kirin Holdings, is making less money in the domestic market as alcohol drinkers opt for quality over quantity. Accounts for Lion filed to the Companies Office add to the picture of a declining booze industry, partly offset by a move to "premiumisation" and a push into new, healthy non-alcoholic drinks that was highlighted when Kirin reported results for the year ... more

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Lactose technology boost for Fonterra

Wellington engineers have developed a way of boosting milk sugar yields that could benefit Fonterra to the tune of $24.3 million a year. And the Wellington technology is now going around the world. Aurecon project director Paul Stephenson said his team of engineers had created a new lactose crystalliser that bumps up the lactose yield from whey to 80 per cent, from 65 per cent. Lactose is purified from whey, a by-product of cheese and casein manufacture. It is an ingredient in ... more

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OneGrain reducing Sodium THE EASY WAY

Joint innovation by AkzoNobel and Givaudan wins Future Ingredients Showcase Award 2015 At the Global Food Technology & Innovation summit OneGrain, mineral salt with less sodium and a great taste, won the Future Ingredients Showcase Award 2015. This innovation is a joint development by salt expert AkzoNobel and flavor expert Givaudan. Specifically for OneGrain TS M100 for processed meats, Givaudan developed a unique flavor system for the low sodium salt developed by ... more

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Threat to contaminate food supply: Statement from NZ Food & Grocery Council

The New Zealand Food & Grocery Council strongly condemns the criminal who has issued blackmail threats to damage our food supply. The council has absolute confidence in the safety of the New Zealand food supply. This is an attack on Brand New Zealand. Our country has a reputation for producing safe, high-quality food products which are in demand around the world, and this coward’s letter doesn’t change that at all. These letters are an attack on all New ... more

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Threat to contaminate baby formula

Police are appealing for the publics' help following a threat to contaminate infant formula and other formula in an apparent protest over the use of 1080 poison in pest control. Federated Farmers and Fonterra received anonymous letters in November. Small packages of milk powder, which later tested positive for a concentrated form of 1080, accompanied the letters. The letters carried a threat to contaminate formula with 1080 unless New Zealand stopped using the poison for pest control ... more

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Cult chocolate milk to flow south

The incredibly popular Lewis Road Creamery Fresh Chocolate Milk will be available in the South Island this winter. Lewis Road Creamery's marketing director Angela Weeks confirmed South Island retailers would be able to stock the chocolate milk later this year, thanks to the construction of a second milk processing plant. "We'll be in the South Island this winter," she said. Weeks said the company had been inundated with requests from South Island retailers who ... more

Displaying 191 - 200 of 319 items.
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