2017 NZIFST Conference

NEWS - FOOD INDUSTRY

NEWS >> FOOD INDUSTRY

Displaying 191 - 200 of 276 items.
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Fonterra cuts Forecast Milk Price

Fonterra Co-operative Group Limited today reduced its forecast Farmgate Milk Price for the 2015/16 season from $4.60 per kgMS to $4.15 per kgMS. When combined with the earnings per share range of 45-55 cents, this means a total available for payout of $4.60-$4.70 per kgMS and would currently equate to a forecast Cash Payout of $4.50-$4.55 per kgMS to our farmers after retentions. Chairman John Wilson said global economic conditions continue to be challenging and are impacting ... more

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New Zealand wine exports reach record $1.5 billion high

New Zealand wine exports have reached a new record high of $1.54 billion for the 2015 year, up 14% on 2014 according to New Zealand Winegrowers. ‘The new record level of wine exports is an outstanding achievement for New Zealand wine exporters and testifies to the strong global demand for our wines,’ said Philip Gregan, CEO of New Zealand Winegrowers. New Zealand wine is exported to more than 90 countries, and is New Zealand’s 6th largest export good. ... more

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PANATURA® GI - Veripan and Holista Colltech announce a breakthrough in clean label, low GI white bread

Australian-listed Holista CollTech Limited announced today a global scientific breakthrough, validated by a leading University in Sydney, a blend of natural ingredients that significantly reduces the high blood sugar caused by consuming white bread and other bakery products. The University conducted the final clinical study in December 2015 together with biotechnology firm Holista and Switzerland-based Veripan AG, Europe’s largest independent supplier of specialty baking ingredients. ... more

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Chardonnay and Sparkling the stars of Gisborne wine symposium

Gisborne will play host to some of the world’s top writers and influencers at New Zealand’s first Chardonnay and Sparkling wine symposium this February, Past, Present and Beyond... the Tale of New Zealand Chardonnay and Sparkling runs from February 4-5, and follows Marlborough’s inaugural International Sauvignon Blanc Celebration (February 1-3). The event will showcase the exciting developments that New Zealand is seeing from these wines, and invite guests to ... more

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Dairy prices dip again

Dairy prices eased for the second time this year at the overnight GlobalDairyTrade (GDT) auction, putting more downward pressure on Fonterra's farmgate milk price forecast. The GDT price index eased 1.4 per cent, following on from the 1.6 per cent decline at the first sale of the year on January 6. Whole milk powder prices, the key component of Fonterra's milk price forecast, eased in price by 0.5 per cent to an average US$2188 a tonne. Another important product, skim milk powder, ... more

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2016 marks 10 years of manuka honey science

To celebrate, Professor Henle will arrive from Germany next month to share insights into his ground-breaking manuka honey research 2016 marks 10 years since the compound methylglyoxal was discovered in manuka honey, a discovery that revolutionised the manuka honey industry. To honour the occasion, Manuka Health New Zealand will be hosting one of the world’s leading scientists and manuka honey experts, Professor Thomas Henle at a VIP event in Auckland at the end of February. It ... more

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Lewis Road Creamery eyes China

Lewis Road Creamery, the premium dairy brand company, will make a final decision this year whether to export, most likely fresh organic milk into China's Shanghai. It's also planning to release a number of product extensions and has already moved beyond dairy products into baked goods. The Auckland-based brand saw 340 percent growth in retail sales to $40 million of its butter, cream, organic milk, and flavoured milk products during 2015, the year of what founder Peter Cullinane calls ... more

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Fonterra breaks export record in December

Fonterra Co-operative Group Limited today announced it has exported record volumes for the month of December 2015. Export data for the Co-operative in December confirms the new record for a single month’s volume, with more than 300,000 MT shipped to its global markets. December’s volume was approximately 10 per cent higher than Fonterra’s previous record month in December 2014. Fonterra Managing Director for Global Ingredients, Kelvin Wickham said the ... more

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Fonterra to sell Australian yoghurt and dairy dessert business

Fonterra Co-operative Group Limited has today announced the intention to sell its Australian yoghurt and dairy dessert business to Parmalat Australia Pty Ltd. Both parties entered into exclusive negotiations which have now culminated in the signing of a sale agreement. The transaction, which is conditional on regulatory and other approvals, is expected to be completed in the first half the of the 2016 calendar year. The divestment of its Australian yoghurt and dairy desserts ... more

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Fonterra maintains 2015/16 forecast Farmgate Milk Price

Fonterra Co-operative Group Limited today maintained a forecast Farmgate Milk Price of $4.60 per kgMS. Along with the November announced estimated Earnings Per Share range of 45-55 cents, this amounts to a total available for payout of $5.05-$5.15 kgMS and would currently equate to a total forecast Cash Payout of $4.95-$5.00[1]. Fonterra is required to consider its forecast Farmgate Milk Price every quarter as a condition of the Dairy Industry Restructuring Act (DIRA). ... more

Displaying 191 - 200 of 276 items.
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