NEWS - FOOD INDUSTRY

NEWS >> FOOD INDUSTRY

Displaying 191 - 200 of 292 items.
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Dairy prices fall 2.2 percent - fifth straight fall

Dairy product prices fell for the fifth consecutive GlobalDairyTrade auction overnight, pushing the GDT Price Index to its lowest level since August 2009 and adding to the pressure on the one in four dairy farmers the Reserve Bank says have negative cash flow this season. The GDT average winning price fell 2.2 per cent to US$2,472 from US$ 2,515 at the previous auction two weeks ago. Some 26,535 tonnes of product was sold, down from 27,369 tonnes in the previous auction. Low prices are ... more

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Southland ice-cream legend back in the game

Brian Simon dreams about making icecream . And now the 79-year-old Manda and Deep South brand founder is back in the business, sort of, as the churns at the famous Rockdale Rd Ivercargill plant are turning again, thanks to Christchurch-based company Dairyworks. Brian is on-site advisor to Dairyworks which in January started producing icecream in Invercargill and is now pumping out 3000 2-litre containers a day. The icecream is sold around the South Island at the moment, with plans to ... more

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Welch’s and Taura Natural Ingredients join forces to take the Concord Grape into uncharted territory

Ground-breaking alliance means the two companies will jointly market new concentrated FruitWorx® inclusions in USA and North Asia Welch’s, America’s largest grape juice brand, and Taura Natural Ingredients have created a breakthrough partnership that means inclusions produced from Welch’s famous Concord Grape Juice and Purée will be available to manufacturers of products such as nutrition bars, confectionery, bakery products and breakfast cereals for the ... more

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Avocado exports hit record volume

New Zealand's largest avocado exporter Avoco says its strategy of not flooding the Australian market has paid dividends, with growers receiving 50 per cent more per tray in 2014-15 than in the last large volume year of 2011-12. The industry is on track to post record profits for exports. In 2013-14 it earned $103 million in export returns, but volumes this season rose to 4.5m trays, compared to the highest previous figure of 3.7m set in 2011-12. Chief executive of industry body New ... more

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Fonterra Clandeboye expansion takes mozzarella to the world

Photo: New plant staff enjoy a pizza made with fresh Clandeboye Mozzarella. From left to right: Zarea Laing (Advanced Operator – Processing), Quentin Cavanagh (Process Manager – Cheese), Veronica Put (Operator – Processing), Jason Balchin (Operator – Packing), Cameron McKeown (Supervising Operator – Processing). Work is complete on a new mozzarella plant at Fonterra’s Clandeboye site, doubling production of the world-famous cheese and creating ... more

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Winemaker sees benefits of training

Winemaker with production facilities in Auckland and Marlborough For national winemaker Matua Wines, 2014 saw 73 operations employees work toward national certificates in competitive and core manufacturing as the company continues a training journey that has added training awards to the trophies it regularly wins for its wines. “It’s been a hugely rewarding process,” says Health, Safety and Environment Coordinator Paula Langford. “Over the year the ... more

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Kiwifruit industry set for strong growth, thanks Prime Minister for support

Photo: Prime Minister John Key addressing the group. The kiwifruit industry came together to thank the Government for its support with efforts to manage the bacterial disease Psa, when the Prime Minister John Key visited Zespri’s Mt Maunganui office this afternoon. Zespri chairman Peter McBride says senior representatives of postharvest, growers and industry organisations took the opportunity to show the Prime Minister how far the industry has come since Psa was first ... more

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GDT auction: dairy prices fall again

International dairy prices fell for the fourth time in a row at this morning's GlobalDairyTrade auction, the GDT price index losing 3.5 per cent since the last auction in mid April. The price of whole milk powder - the key determinant for Fonterra's farmgate milk price - fell by 1.8 per cent to US$2386 a tonne. Another key product, skim milk powder, fared worse, the average price dropping by 7.5 per cent to US$2048 a tonne. The price of all other products also fell, with the exception ... more

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Biggest export markets put the brakes on NZ sheep meat

Sheep meat prices have fallen by about 10 per cent over the past two months, driven by a drop in demand in China and difficult conditions in another important export market - Britain. Prices also remain under pressure for dairy products and the log trade, also through a drop-off in demand from the People's Republic. China is by far New Zealand's biggest market for sheep meat, accounting for about 30 per cent of lamb exports and about 70 per cent of its mutton exports. Murray Brown, ... more

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Fonterra reduces Farmgate Milk Price Forecast

Fonterra Co-operative Group Limited today reduced its forecast Farmgate Milk Price for the 2014/15 season from $4.70 per kgMS to $4.50 per kgMS. When combined with the previously announced estimated dividend range of 20-30 cents per share, this amounts to a forecast Cash Payout of $4.70 - $4.80 for the current season. Chairman John Wilson said the reduction reflected the continuing and significant volatility in international dairy commodity prices caused by over-supply in the market. ... more

Displaying 191 - 200 of 292 items.
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