The Australian Competition and Consumer Commission (ACCC) has accepted an enforceable undertaking from supermarket giant Coles following an investigation into a video that was posted to various social media outlets between 7 February 2013 to 5 May 2013.
Read More
Australia needs to produce more milk, says Chobani MD
Managing director for yogurt company Chobani Australia, Peter Meek said he worries that Australia’s milk supply is not increasing.
Read More
Read More
FTA with Japan could be signed Monday
Australia’s free trade agreement with Japan could be signed by Monday, but dairy farmers believe the deal falls well short of expectations.
Read More
Read More
Fonterra fined $280,000 after contamination scare
Dairy giant Fonterra has been fined $280,177 after last year’s botulism scare.
Read More
Read More
Woolworths dumps Lion for Fonterra and Brownes
Major dairy company Lion has lost $300 million worth of contracts in two states, with Woolworths opting to go with different suppliers for its Select milk.
Read More
Read More
Paramalat buys WA dairy company, Harvey Fresh
Multinational Italian dairy and food corporation, Parmalat has announced its purchase of Western Australian dairy and fruit juice company, Harvey Fresh.
Read More
Read More
Saputo announces WCB restructure plans, current directors to resign
As a result of its 87.92 percent stake in Warrnambool Cheese and Butter Factory, Saputo has requested a number of changes to the company’s constitution including a restructure of the WCB Board.
Read More
Read More
Bega’s market capital rises above $300m after WCB bidding war
David Williams, adviser to Bega Cheese during the three-way bidding war for Warrnambool Cheese and Butter, has said that in addition to gaining $100m by selling its stake in WCB, Bega also saw its capital rise by $300m, placing it as an ASX top 200 company.
Read More
Read More
Global milk prices to ease, Rabobank
According to Rabobank’s Q2 quarterly report, global milk prices will ease from mid to late Q2 2014, while exportable supply is expected to continue rising due to improved margins experienced through high milk prices and falling feed costs.
Read More
Read More
Bega Cheese to develop new sustainability and growth initiatives
Bega Cheese has announced that it will invest in business initiatives that promote both growth and sustainability in the milk supply.
Read More
Read More
MG tipped to offer $400m for Peters Ice Cream
Speculation surrounding a possible $400m takeover bid of Peters Ice Cream by Murray Goulburn continues to mount in light of a presentation from Peters’ owner, private equity firm, Pacific Equity Partners (PEP).
Read More
Read More
Global milk prices drop overnight
Global dairy prices have dropped overnight to represent the lowest levels in nine months.
Read More
Read More
Oz Dairy accused of tampering with “use by” labels
Melbourne based dairy manufacturer Oz Dairy has been accused by a Chinese television program of tampering with “use by” dates on milk powders.
Read More
Read More
Fonterra Australia announces third step-up
Fonterra Australia has announced a step up of 16 cents per/kg butterfat and 40 cents per/kg of protein, marking the processors third step up for the 2013/2014 season.
Read More
Read More
Chobani to sell minority stake
Popular US yoghurt brand, Chobani, is looking to sell a 20 percent minority share in its business which could see it valued at around $2.5 billion.
Read More
Read More
Meat, dairy drive NZ manufacturing record
New Zealand’s manufacturing sales, led by meat and dairy, saw a record increase in the December quarter.
Read More
Read More
$12m robot dairy for “Gen-Y cows”
Northcliffe-based dairy, Bannister Downs, is working on a $12 million automatic milking operation that is expected to be the most modern robot dairy in Australia.
Read More
Read More
WA dairy taps into camel milk market
A Perth business may have inadvertently developed a profitable way to address Australia’s feral camel problem; capitalising on the untapped camel milk market.
Read More
Read More
Warrnambool posts 16m increase on half year profits
Warrnambool Cheese and Butter Factory have posted a 104.7 percent increase in half year net statutory operating profit after tax, equating to an additional $16m on the same period last year to $31.3m.
Read More
Read More
Dairy workers penalty rates too high to compete globally, Fonterra
Managing director for Fonterra Australia, Judith Swales is calling for a review of penalty rates for dairy workers to make Australian food manufacturers and processors more competitive in the global marketplace.
Read More
Read More