Dairy processor Murray Goulburn managing director Gary Helou is stepping down following the co-operative’s decision to cut both its profit forecast and the price it pays farmers for milk. The co-operative said in a statement that it now estimates a net profit after tax of between $39 million and $42 million. Originally, in its prospectus, … Continue reading Murray Goulburn boss quits after profit downgrade
Ministers Barnaby Joyce and Julie Bishop have announced Australia’s contribution to the Global Crop Diversity Trust. The Trust supports the conservation of the world’s most diverse collection of food crop seeds and improves the plant genetic resources for the world’s major food crops. Australia will be contributing $5 million, which will provide financial support and … Continue reading Australia supports global food security
Blackmores’ chief executive has said health products approved by Australian standards should not need to be approved again to be sold in China. Fairfax reports that Christine Holgate said approval by Australia’s Therapeutic Goods Administration should be recognised in China, and this would make exporting easier. “If Australia had harmonisation, the recognition that we have … Continue reading Australian standards should be good enough for exports to China: Blackmores boss
Chicken processing plant Supreme Poultry and Chickens has been issued a $30,000 fine by the NSW EPA for having overflowing effluent ponds at its Mangrove Mountain prem
Beston Global Food Company Limited (BFC) has entered into contracts to acquire 51 per cent of South Australian water business, AQUAEssence.
GLOBAL Chinese agribusiness Shandong Tianjiu Industrial Group has entered into a three-year $1 million joint research agreement with South Australian institution Flinders University to expand a world-class microalgae and related advanced marine bioproduct development centre.
Chinese company Blue Lake Dairy (BLD) has applied for a permit to create a $15 million milk processing and packaging plant in Tantanoola, South Australia.
Iron ore exports to China are predicted to slip, and food, gas and coal exports to increase their share of two-way trade with China, according to a new report by Reserve Bank of Australia economists.
The CEO of joint venture Interflour has said that West Australia’s business leaders need to make more of the opportunities in south-east Asia, a region which he believes could outstrip China as a manufacturing hub.
US authorities have commenced a criminal investigation following the online posting of a video showing a Kellogg’s worker urinating onto a food production line.
Organic milk formula company Bellamy’s Australia is seeing massive revenue growth and is on its way to become a global business.
Food and beverage led the way in a surge in overall exports from Tasmania last year.
The Productivity Commission has released a report today arguing that anti-dumping measures consider only a narrow set of industries, discourages innovation, and don’t consider the overall cost to the economy.
The Mars voluntary chocolate recall affects 55 countries though not Australia, according to the company.
Mars has recalled products in 55 countries after a red piece of plastic was found in a Snickers bar last month.
a2 Milk’s half year profit has risen dramatically to $NZ10.1 million ($A9.34 million), on the back of demand for its infant formula.
Tip Top has announced that it has purchased and will re-open the former Kellogg’s Australia site at Charmhaven, creating as many as 100 new jobs.
The Fair Work Ombudsman has alleged 19 workers from Hong Kong and Taiwan have been underpaid for factory labour while on working holiday visas.
Milk has been by Coles in Western Australia due to contamination concerns at Lion’s Bentley factory.
SPC Ardmona has ruled out seeking taxpayer support again, and its managing director believes the Coca-Cola Amatil subsidiary can now be self-supporting.