NEWS - FOOD INDUSTRY

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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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Fonterra signs new distribution deal in Bangladesh

Fonterra is breaking new ground in South Asia’s rapidly growing dairy market, with the signing of a new distribution agreement that will make Anchor available to millions more consumers in Bangladesh. The deal is part of the Co-operative’s ongoing efforts to win in key overseas markets, by spreading the goodness of dairy nutrition. The population of Bangladesh has grown by more than 10 per cent in the last 10 years reaching over 160 million people and it now makes up over two ... more

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Stonyridge Vineyard experiences unprecedented growth for Summer

• Stonyridge Vineyard experiences record numbers of visitors in Summer 2018. • Stonyridge’s internationally acclaimed Larose Cabernet sold out in two weeks in 2017. • The vineyard is projecting its best season yet in its 37 years of operation. Stonyridge Vineyard on Auckland’s prestigious Waiheke Island is almost sold out of its estate-made wines and is experiencing record number of visitors. The café on the vineyard has also seen record ... more

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Dairy prices jump by 5.9 percent at GlobalDairyTrade auction

Dairy prices firmed across the board at this morning's GlobalDairyTrade auction, the GDT price index gaining 5.9 per cent since the last sale in mid-January. Whole milk powder prices, which have the greatest bearing on Fonterra's farmgate milk price, firmed by 7.6 per cent to US$3226 - the fourth gain in a row since falling to US$2755/tonne late last year. Price gains were across all seven of the product groups on offer. Among the other Fonterra reference products, skim mik ... more

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Bay of Plenty Maori partner with Japan's Imanaka on high-value dairy products

A group of Maori organisations has partnered with Japanese food company Imanaka to develop a milk processing plant to make high-value niche products in Kawerau. Kawerau Dairy is a collaboration between 11 Maori Bay of Plenty entities, which own two thirds of the venture, and Imanaka’s Cedenco Dairy unit, which owns the remaining third. They expect the first stage of the $32 million project to begin operations early next year. The dairy venture is following the model of the ... more

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Brewers Association of New Zealand announces new Executive Director

The Brewers Association of New Zealand is delighted to announce the appointment of Dylan Firth as its Executive Director, based in Wellington. Rory Glass, Managing Director of Lion and Chairman of the Brewers Association, says Firth’s skills, strong networks and advocacy experience will deliver considerable value for the New Zealand brewing industry. “We are delighted to welcome Dylan to the role. He is passionate about the brewing industry and brings significant ... 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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