NEWS - FOOD INDUSTRY

NEWS >> FOOD INDUSTRY

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The value of New Zealand-ness

How the FernMark can unlock your global food and beverage market potential By Sarah Morgan Our Ministry for Primary Industries’ goal is to double primary industry exports – from $32 billion in June 2012 to $64 billion by 2025 . Our food and beverage exports are set to account for $29.4 billion of this growth. Ambitious, yes – but we Kiwis don’t do things by halves. And the latest data on the global food and beverage market indicates it shouldn’t be ... more

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Accountability and sustainability - the seafood industry keeps its promise

The New Zealand seafood industry tonight launches the second year of a campaign that will reinforce the Promise made to the people of New Zealand in 2017. Last year, the industry admitted not always getting it right but promised to continue to raise the bar around innovation, sustainability, transparency and environmental responsibility. Seafood New Zealand chief executive, Tim Pankhurst, said the industry has a great story to tell and has made significant and genuine advances in all ... more

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Apollo Foods-Fonterra boost for NZ beverage market

Photo: Fonterra Farmers see first-hand the operations at the new plant. Two New Zealand companies have teamed up to install a state of the art technology at the Apollo plant in Whakatu, Hawke’s Bay, that will bring some of the best in fruit and dairy beverages to Kiwis’ across the country. The agreement between Fonterra Brands New Zealand and Apollo Foods, an innovative start-up company, will help both companies capitalise on the increasing global popularity for ... more

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Both lamb and beef exports expected to break $3 billion for the first time

Both beef and lamb exports are expected to break the $3 billion mark for the first time as high lamb, mutton and beef prices bump up this season’s forecast profit for sheep and beef farmers, according to Beef + Lamb New Zealand’s (B+LNZ) Mid-Season Update. The milestone for lamb exports is predicted to be reached on the back of a forecast 14 per cent increase in average export value. Meanwhile, total beef export receipts, which passed the $3 billion mark in 2014 15, are ... more

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Dairy prices fall for fourth straight auction

Dairy product prices fell at the Global Dairy Trade auction, dragged lower by an unexpected plunge in anhydrous milk fat. The GDT price index slipped 0.6 percent from the previous auction two weeks ago. The average price was US$3,477 a tonne. Some 17,222 tonnes of product was sold, down from 18,635 tonnes two weeks ago. Whole milk powder rose 1.6 percent to US$3,278 a tonne. Anhydrous milk fat sank 7 percent to US$5,806 a tonne, while skim milk powder slid 1.8 percent to US$1,849 a ... more

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Cadbury factory shuts this week after 150 years of production at site

Production at the Cadbury factory in Dunedin will end on Friday bringing to a close 150 years of manufacturing at the site. A spokesman for Mondelez, which owns Cadbury, said final production would take place on Friday, with some of the team members finishing up then and others coming back to continue to work on decommissioning the site. Pineapple Lumps were the final product being made at the site with the other lines now in the process of being decommissioned. There were about ... more

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Food and beverage reports good news for industry

The NZ Food and Grocery Council welcomes the release of the latest growth and investment reports on the food and beverage industry. The reports – Emerging Growth Opportunities in NZ Food & Beverage, Investment Opportunities in the NZ Chocolate Industry, and Investment Opportunities in the NZ Cherry Industry – have been launched by Economic Development Minister David Parker. The reports are part of the Ministry of Business, Innovation and Employment’s Food and ... more

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Fonterra makes $11m investment in water recovery technology

Construction is underway on an advanced plant that will reduce the amount of groundwater extracted for Fonterra’s Darfield manufacturing site by around 70 per cent. Darfield is already a world leading facility and the $11 million investment in water processing technology will have a significant impact on its environmental footprint. “Thanks to the new plant we’ll save the equivalent of around 100 tanker loads of water every day,” says Robert Spurway, Head ... more

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Keeping it in the family

André Babich joins family wine business after 18 years in investment banking. Continuing the growth of Babich Wines, André Babich joins his father, uncle, cousin and colleagues in the family business following 18 years with Macquarie Capital. André joins in the role of Principal with a focus on key projects across the business. He is a grandson of Babich Wines’ founder, Josip Babich, a 3rd generation family participant, and an existing Director of Babich Wines. ... more

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Fonterra Ventures partners with German nutrition start-up

Fonterra Ventures has entered into its first strategic partnership, teaming up with German active nutrition start-up foodspring® through an investment in its parent company, Goodminton AG. The new partnership will enable Fonterra to tap into the rapidly growing active nutrition consumer segment, which is valued at $200 billion globally, and forecast to expand significantly in the years to come. Judith Swales, Fonterra’s Chief Operating Officer, Velocity and Innovation ... more

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