NEWS - FOOD INDUSTRY

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Better Food literacy makes healthier eating easier

FGC releases series of food information videos The NZ Food and Grocery Council wants to help grow Kiwis’ food literacy through four short videos that aim to make healthier eating easier. The videos, written and presented by trained dietitian and Registered Nutritionist Nikki Hart, tackle subjects people are often confused about: what to eat for breakfast, fad diets, processed foods, and how to use the new Health Star Rating system. In the videos, Nikki Hart, ... more

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New Zealandís perishable exports to US on the rise - new figures

Wasps, live eels and capsicums are just some of the perishable export products driving New Zealand’s rapid growth in the US market. New Zealand exports of short shelf-life goods to the US have increased by up to 150 percent over the past few months according to new industry figures and data from Hawaiian Airlines. Tim Strauss, vice president of Hawaiian Airlines’ cargo division, says the market demand for a diverse range of products is increasing rapidly as Kiwi producers ... more

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Zespri Board announces succession planning for new CEO

The Board of Directors of Zespri will start a search process next year to select a new Chief Executive Officer. The succession is being planned with a view to having the new CEO in place by the beginning of 2018. The current CEO Lain Jager, who was appointed Zespri CEO in December 2008, will remain in the role until the new CEO starts. Zespri Chairman Peter McBride says the Board is balancing continuity and renewal in the leadership of the organisation. “The Zespri Board ... more

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Fonterra 2015/16 annual results show stronger returns

Highlights · Sales volume increased 4% to 23.7 billion Liquid Milk Equivalents (LME) · Revenue $17.2 billion, down 9% · Normalised EBIT $1.4 billion, up 39% · Net profit after tax $834 million, up 65% · Return on capital 12.4%, up from 8.9% · Ingredients inventories down 25% · Gearing ratio reduced to 44.3% from 49.7% ... more

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Fonterra increases forecast Farmgate Milk Price by 50c

Fonterra Co-operative Group Limited today increased its 2016/17 forecast Farmgate Milk Price by 50 cents to $5.25 per kgMS. When combined with the forecast earnings per share range for the 2017 financial year of 50 to 60 cents, the total payout available to farmers in the current season is forecast to be $5.75 to $5.85 before retentions. Chairman John Wilson said that since the Co-operative last reviewed its forecast Milk Price in August, global milk supply has continued to reduce ... more

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Dairy prices post slight gain at auction; WMP down, SMP up

International dairy prices eked out a 1.7 per cent gain at the latest GlobalDairyTrade (GDT) auction, well short of market expectations of a 5 to 10 per cent increase. Whole milk powder prices - which have the greatest bearing on Fonterra's farmgate milk price forecast - eased by 0.2 per cent to US$2782 a tonne, ending a firming trend that started in early July. Aside from whole milk powder - the biggest product by volume on sale on the GDT platform - prices were up across the board. ... more

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Industry launches website to improve food literacy

The New Zealand Food and Grocery Council has launched a website aimed at improving food literacy among New Zealanders. Healthybalance.nz is devoted to promoting healthier attitudes to food, fitness, and family to support the health and wellbeing of New Zealanders by way of practical, evidence-based advice. FGC Chief Executive Katherine Rich says food, in particular, will comprise a big part of the content of the site. “We all know that food literacy is vital to enable ... more

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Dairy prices up again

World dairy prices put on their third significant gain in a row at the latest GlobalDairyTrade (GDT) auction overnight, the GDT price index gaining by 7.7 per cent since the last auction in mid-August. Whole milk powder prices, which have the greatest bearing on Fonterra's farm gate milk price, rose by 3.7 per cent to U$2793 a tonne - continuing a firming trend that started in early July. However, the gain was less than the 10 per cent increase that recent futures market trading had ... more

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Cracker potential for NZ cheese exports

New Zealand needs to realise the export potential of its cheese market, UK industry veteran Juliet Harbutt says. Mrs Harbutt, a New Zealander who established the British Cheese Awards, said New Zealand should pay as much attention to the value and money that could be made with cheese as it did with its wine industry. "The extraordinary thing in New Zealand is that we've got all this wonderful land and fantastic grazing and all these cows, yet we still seem to be producing the ... more

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2015/16: Zespri volumes, returns grow

Zespri’s Annual Meeting today recapped the strong 2015/16 season for the kiwifruit industry – record sales and highest-ever total grower returns – as well as charting the industry’s future as the government approves amendments to the Kiwifruit Regulations. 2015/16 season recap Zespri Chairman Peter McBride explains total sales revenue for the season grew to hit a record high of $1.9 billion, up 22 percent from the previous season. The total fruit and service ... more

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