All posts by Matthew McDonald

Hiked energy prices will force larger grocery bill, Woolworths warns

Rising energy costs will force the food giant Woolworths to hike its grocery prices, its CEO has warned.  Speaking at a business forum in Melbourne, Brad Banducci said the company’s $360 million energy bill was increasing as the company placed a higher priority on its health foods.  “We manage what we can manage with energy efficiency,” … Continue reading Hiked energy prices will force larger grocery bill, Woolworths warns

Cyclone Debbie hits Queensland agriculture

North Queensland farmers are today confronting the damage caused by Cyclone Debbie as fears of food price hikes emerge. As 7news reports, the region is known as Australia’s winter food bowl, with crops including tomatoes, bananas, capsicum, sugar cane and more. “In terms of the value of possible destruction, industry groups in that region have … Continue reading Cyclone Debbie hits Queensland agriculture

Australian food manufacturers facing butter shortage

Small to medium food manufacturers are currently facing a butter shortage due to a combination of a drop in overall milk production, an increase in demand nationally and a change in consumer tastes.  According to Dairy Australia senior analyst John Droppert, more consumers are drinking full cream milk than they were previously. This has become … Continue reading Australian food manufacturers facing butter shortage