NEWS - FOOD INDUSTRY

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Displaying 191 - 200 of 425 items.
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France's Danone ends Fonterra contract, launches court action

Fonterra will "vigorously defend" court action French food giant Danone is bringing against it in the wake of the botulism scare and says it is confident of its position. Danone announced today it launched legal proceedings against Fonterra and has ended its supply contract with firm. The Paris-based company is initiating proceedings in the High Court at Auckland and arbitration proceedings in Singapore "to bring all facts to light and to obtain compensation for the ... more

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Fonterra and Nestle open NZD45m dairy distribution centre in Brazil

Fonterra Co-operative Group Limited and Nestle, through joint venture Dairy Partners Americas (DPA), have opened a dairy distribution centre in Araras, Brazil. The $45 million (NZD) facility has been built on the same site as the Dairy Partners Americas’ Araras factory which makes a variety of chilled dairy products including yoghurts, desserts and cream cheese. More than 200,000 metric tonnes of dairy products, destined for delivery across Brazil, are expected to pass through ... more

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Coca-Cola loses NZ trademark case against Pepsi

Coca-Cola Co has lost its attempt to stop local rival Frucor Beverages from using a similar contour-shaped bottle for the Pepsi range of drinks in New Zealand. In the High Court in Auckland, Justice Edwin Wylie turned down a claim that Frucor breached Coke's registered trademarks by selling Pepsi products in a similar shaped bottle for the past four years, saying the bottles weren't materially similar and that he did "not consider that there is any reasonable likelihood of confusion ... more

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Green Valley Dairies announced as naming rights sponsor for The Chocolate and Coffee Show

The Chocolate and Coffee Show is proud to announce Green Valley Dairies as the naming rights sponsor of the show. The partnership is effective immediately and will see the 2014 event in May named The Chocolate and Coffee Show in association with Green Valley Pure Milk. Show organiser, Keith Sharp, believes the new partnership is a perfect fit. “Having a company like Green Valley Dairies on board is a great endorsement of the event,” Keith says. “Green Valley ... more

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WPC Inquiry: NZís food safety regulatory model 'among the best in the world'

Govt accepts all WPC inquiry recommendations Primary Industries Minister Nathan Guy and Food Safety Minister Nikki Kaye today released the report on the first stage of the Government Inquiry into the Whey Protein Concentrate Contamination Incident and said the Government accepts in principle all 29 recommendations. “This part of the inquiry focused on our dairy food safety system and we are pleased to confirm it found the whey protein concentrate (WPC) incident in August this ... more

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Fonterra maintains forecast payout

Forecast Fonterra Co-operative Group Limited is maintaining its forecast Farmgate Milk Price for the 2013/14 season at $8.30 per kgMS. Chairman John Wilson said milk powders are continuing to sell at very high prices because of the strong global demand and limited supply. “Only four months into the season, we are in an extraordinary situation. “The gap between prices for milk powders compared to cheese and casein is greater than it has ever been ... more

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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

Displaying 191 - 200 of 425 items.
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