NEWS - FOOD INDUSTRY

NEWS >> FOOD INDUSTRY

Displaying 191 - 200 of 425 items.
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Land O'Lakes joins GlobalDairyTrade

Land O'Lakes dairy products are to be offered on GlobalDairyTrade from March 2014. Land O'Lakes' participation as a seller on GDT marks yet another significant development in the world's foremost online dairy commodity trading platform. Land O'Lakes, one of America's premier agribusiness and food companies, is a member-owned cooperative based in Arden Hills, Minnesota, with industry-leading operations that span the spectrum from farm production to consumer foods. With 2012 annual sales ... more

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Fonterra expands lower North Island processing capacity

Fonterra today announced Board approval for a $235 million investment into a new high-efficiency milk powder plant at its Pahiatua site in the Manawatu. The new drier will enable the dairy Co-operative to process an additional 2.4 million litres each day. Fonterra’s Director of NZ Operations, Robert Spurway said the Co-operative’s continued investment in milk powder driers was to meet the growing demand for dairy nutrition globally and demonstrated Fonterra’s strategy ... more

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Big jump in world dairy prices

Prices of dairy products staged the biggest gain in five months, pushing the average price to a two-month high, as rennet casein climbed to a record. The GDT Price Index, previously known as the GDT-TWI Price Index, rose 3.9 per cent compared to the last sale two weeks ago. The average winning price was US$4,973 a tonne compared to US$4,805 a tonne. The average winning price of rennet casein, a functional ingredient used in everything from sliced cheeses to products that can be ... more

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Levy success for Summerfruit NZ

Summerfruit NZ has received the grower support it was looking for to continue levy funding for another six years. The final commodity levy vote results show that 94 growers (82.46%) voted yes and 20 growers (17.54%) voted no to renew the levy – which was last renewed in 2008. The value of the industry participating in the vote was $57 million which amounts to approximately 70% of the total industry value. The month long referendum began on 1 November and closed on ... more

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Spierings: Fonterra must do better

Fonterra has to lift its game in food safety and quality, and also sustainability, says chief executive Theo Spierings. Addressing Fonterra's annual meeting at its Edendale site in Southland yesterday, Spierings said the botulism scare earlier this year had been an "enormous elephant in the room". Coming out of the crisis was an excellent opportunity to lift the game, he said. Acknowledging that the co-operative's response to the fiasco in the first 72 hours in New Zealand ... more

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Fonterra Australia finalises purchase of Tamar Valley Dairy assets

Fonterra Australia today finalised the purchase of the assets of Tasmanian yoghurt business, Tamar Valley Dairy. The Tamar Valley Dairy business is now under full Fonterra ownership and management. Under the terms of the sale, Fonterra has acquired the processing equipment, the related services, and intellectual property and trademark for the Tamar Valley Dairy brand. Fonterra worked closely with Deloitte Restructuring Services to achieve the completed sale. Importantly, 122 ... more

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Taiwan drops tariff on cherries

Taiwan has reduced its tariff on cherries from 7.5% to zero with effect from 1 December 2013. The reduced tariff is the result of a comprehensive trade deal between New Zealand and Taiwan announced in July this year. Summerfruit NZ’s chief executive, Marie Dawkins, said the drop in tariff was welcome news for cherry growers intending to export to Taiwan this season. ‘Taiwan is the most important market for New Zealand cherries with nearly 600,000 kgs exported there ... more

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Plug pulled on flagship NZ wine

For the first time in 20 years Te Mata Estate winery at Havelock North has pulled the plug on its flagship wine Coleraine due to the tough 2012 growing vintage. Coleraine had become widely regarded as New Zealand's finest red wine and was first bottled in 1982 and since then become a sought after collector's line. But as Te Mata Estate director Nicholas Buck explained, the 2012 season was "challenging" with only 20 per cent of the normal Coleraine volume being produced. ... more

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Dairy prices edge up in overnight auction

Prices of dairy products edged up in the latest GlobalDairyTrade auction (www.globaldairytrade.info), snapping two straight declines, as the volume sold rose to a two-month high. The GDT Price Index, previously known as the GDT-TWI Price Index, rose 0.1 per cent compared to the last sale two weeks ago. The average winning price was US$4,805 a tonne compared to US$4,797 a tonne. The average winning price of whole milk powder, the biggest product by volume, was unchanged at US$4,870 a ... more

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Taura joins New Zealand PM on trade mission to Thailand

Senior executives from Taura Natural Ingredients will today accompany New Zealand’s Prime Minister, John Key, on a high profile trade mission to Thailand. Based in Mount Maunganui, Taura is one of the world’s leading suppliers of real fruit products. It is among 23 New Zealand companies chosen to participate in the Prime Ministerial visit, organised to strengthen commercial ties between New Zealand and Thailand. During the trip, the Prime Minister will be present at the ... more

Displaying 191 - 200 of 425 items.
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