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NEWS - NEW ZEALAND FOOD & BEVERAGE
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Butter prices drop, avocados double last year's prices

Butter, chocolate bars, and wholemeal bread prices all fell in December, Stats NZ said today. Tomatoes and nectarines were also cheaper, but avocado prices remain almost twice as expensive as they were a year ago. After four successive monthly rises, butter prices dropped 4.9 percent in December 2017 to an average of $5.46 for the cheapest available 500g block. This compared with the previous month when they hit a record high of $5.74. Butter prices had been falling at international dairy ... more

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Sweet start for the NZ honey sector after dismal 2017

The $5 billion-a-year honey New Zealand industry is on its way to recovery after one of its poorest seasons in decades last year. The 2017 harvest was hit hard by cold, wet and windy weather over the optimal nectar-flow period, resulting in a sharp fall in production. Karin Kos, chief executive of Apiculture New Zealand, said it was early days but that the fine weather over the important November and December months had seen the season get off to a strong start. "It's looking like ... more

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$1 million research partnership with Māori business cluster

High-Value Nutrition National Science Challenge has partnered with Nuku ki te Puku, a cluster of Māori-owned food and beverage businesses, in a $1m project to prototype how Māori businesses and some of the country’s top researchers can share science and cultural expertise to collaborate on the development of new food for health products for export. Challenge Director Joanne Todd said, “This is very much a partnership with mutual benefit. The Nuku ki te Puku business ... more

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Nespresso introduces two Limited Edition coffees made especially for iced beverages

Celebrate the best of the Kiwi summer with the launch of the Nespresso Limited Edition coffee duo, Leggero on Ice and Intenso on Ice. Inspired by a relaxed Mediterranean lifestyle, these two innovative coffees are the first to have been specially crafted by Nespresso Coffee Experts to be prepared with ice for a refreshing summer drink at home. No sweet, flavoured syrups or lashings of cream – this is purely about the highest quality coffee served simply with ice and milk. And ... more

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Dairy product prices increase amid outlook for lower supply

Dairy product prices rose at the Global Dairy Trade auction, as whole milk powder increased on the outlook for reduced supply from Fonterra, the world's top dairy exporter. The GDT price index rose 2.2 per cent from the previous auction two weeks ago to US$3,124 ($4,393). Some 25,400 tonnes of product was sold, down from 29,592 tonnes two weeks ago. Whole milk powder rallied 4.2 per cent to US$2,886 ($4,059) a tonne. Skim milk powder gained 1.6 per cent to US$1,699 ($2,389) a tonne, ... more

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Tip Top reprioritises icecream production amid 'unprecedented' demand

"Unprecedented" icecream demand has meant fewer of the country's least favourite frozen treats will be made in the coming months, Tip Top says. While they say there is not an icecream shortage as such, Tip Top is reprioritising its production so that the more popular products will be available, including Trumpets, Popsicles, most Frujus and vanilla icecream to go with the Christmas pav. "We're not going to run out," sales director for Fonterra Brands Tim Carter ... more

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Prices fall sharply at latest global dairy auction

Farmers woke up to Christmas bad news with dairy prices falling by 3.9 per cent in the latest Global Dairy Trade auction (GDT). The previous auction two weeks ago offered a slight reprieve as the overall index rose 0.4 per cent, following four consecutive declines. The average price per tonne on the Global Dairy Trade index was US$2969 (NZ$4247), with the key price indicator whole milk powder at US$2755, a drop of 2.5 per cent. The auction is the first following Fonterra's decision ... more

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Synlait partners with Foodstuffs South Island to supply fresh milk and cream

Synlait Milk says it will enter the fresh milk market in early 2019 by partnering with Foodstuffs South Island and will invest about $125 million in a liquid dairy packaging plant. The Dunsandel-based company will become Foodstuffs South Island's exclusive supplier of its private label fresh milk and cream under the supply agreement, it said in a statement. Fresh milk and cream from Synlait will be packaged in Value and Pams branded products, which are available across New World, ... more

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Fonterra welcomes Government moves on climate change

Fonterra welcomes the Government’s latest move to address climate change, including its plans to establish a Climate Commission. The dairy Co-operative echoes Minister James Shaw’s belief in the importance of ensuring both a sustainable economy and stable climate for future generations. Carolyn Mortland, Fonterra’s Director of Sustainability said the Co-operative is committed to engaging with the Government on the development of a robust Zero Carbon Act, which ... more

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Pak’n Save brand NZ beef mince

Foodstuffs New Zealand is recalling a batch of its Pak’n Save brand NZ beef mince as the product may contain soft plastic. Product identification Product type: Beef mince Name of product (size) Pak’n Save brand NZ beef mince Date marking Packed on: 14.12.17 Best before: 17.12.17 Package size and description Various sizes Distribution The product is sold only at Pak’n Save Papakura, Auckland. Notes This recall does not affect any other Pak’n ... more

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