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Displaying 21 - 30 of 282 items.
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Sanford net profit up, value and innovation strategy beds in

Focus on Innovation: New Zealand’s largest seafood company Sanford is focused on innovations such as growing the nutraceutical market for New Zealand’s premium GreenshellTM mussels. Sanford Limited this week reported its net profit after tax increased by 8% to $37.5m in 2017 and net cash flows from operations improved by 46% to $50.3m on higher revenues and improved collection timeframe. It has delivered a steady adjusted EBIT* of $63.7m from $63.4m in 2016 after a year of ... more

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Fonterra launches plan to improve waterways

Co-operative announces ambitious water commitments; invites Kiwis to visit farms and see what’s being done to promote healthy rivers. Fonterra today launched an ambitious plan to help improve the quality of New Zealand’s waterways. Based around six strategic commitments, the plan will underpin Fonterra’s efforts to promote healthy streams and rivers, including a strong focus on sustainable farming and manufacturing. In parallel, the Co-operative’s ... more

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Fonterra continues to build UHT capacity

Fonterra has today announced it is further expanding its Waitoa UHT site as the Co-operative works to keep ahead of growing demand for its products. Five years ago the site was an empty paddock, now it produces more than 80,000 cartons of UHT milk and cream every hour for global markets - and it’s about to get even busier. A new line will be up and running by the end of the year. This is the third new line to be installed in the last 12 months. Each new line can ... more

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Dairy product prices fall for third straight GDT auction

Dairy product prices fell for the third straight time at the latest Global Dairy Trade auction as whole milk powder extended its decline and skim milk powder recovered. The GDT price index fell 3.5 per cent from the previous auction two weeks ago to US$3,105, the lowest since April. Some 35,072 tonnes of product was sold, down from 35,669 tonnes at the previous auction. Whole milk powder fell 5.5 per cent to US$2,852 a tonne. Butter fell 3.6 per cent to US$5,516 a tonne, matching ... more

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Food suppliers celebrate World Sandwich Day

Members of the NZ Food and Grocery Council celebrated World Sandwich Day at their 2017 annual conference in Wellington today by supporting the Eat my Lunch programme. Chief Executive Katherine Rich said World Sandwich Day was a great opportunity for its delegates at the conference to show further support for the child lunch initiative. “It’s a fantastic initiative that gives to a child in need a healthy lunch for every lunch we eat at the conference. “In this ... more

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Perfect storm brewing for fruit and vegetable supply

A perfect storm is brewing for New Zealand’s supply of healthy fresh fruit and vegetables that could see us unable to feed our growing population with domestically grown produce, a report from Horticulture New Zealand says. In releasing the report, New Zealand domestic vegetable production: the growing story, Horticulture New Zealand chief executive Mike Chapman says it is time to take stock and develop a national food security strategy. "Our research shows that New ... more

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Nelson craft beer pioneer Terry McCashin dies

Dean McCashin, left, and Terry McCashin with glasses of two of the new Stoke beers produced McCashins' Brewery (Martin de Ruyter, STUFF). Former All Black and craft beer pioneer Terry McCashin will be remembered as a humble gentleman who took on the big brewers from a small Nelson factory. The founder of the Mac's beer brand and former All Black hooker died suddenly on Tuesday morning. He was 73. McCashin is credited with starting the craft beer revolution in New Zealand, while ... more

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Villa Maria Sauvignon Blanc: World famous in New Zealand

Villa Maria’s Private Bin Marlborough Sauvignon Blanc continues to take the world by storm. The ever-popular wine is mesmerising consumers, world-class sports personalities and international wine critics alike. Now the number one Sauvignon Blanc in the UK by value, Villa Maria Private Bin Sauvignon Blanc was cited as US professional golfer Angela Stanford’s “new favourite” wine in a twitter post this week after time spent in New Zealand for the LPGA Open. Last ... more

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Food innovation and commercialisation specialist to run FoodHQ

The current Director of Riddet Innovation, Dr Abby Thompson has accepted the role of FoodHQ Chief Executive Officer. Dr Thompson is experienced in commercially focused research and development and has led this work for the Massey Institute of Food Science and Technology. FoodHQ Board Chair Sue Foley says Dr Thompson’s credentials are unparalleled. “Abby brings with her a wealth of knowledge of the commercial and scientific sectors. She is already well known throughout both ... more

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New mussel assets provide boost for Kono

Kono, the Māori-owned top 100 New Zealand food and drinks company based at the top of the South Island, has acquired Ngāi Tahu Seafood’s greenshell mussel assets. The assets include two purpose-built marine farming vessels and associated aquaculture equipment, the right to lease 15 marine farms in Marlborough Sounds, Tasman Bay, Golden Bay and Collingwood, as well as access to spat-catching areas. “Our mussel growing and processing business is strong,” Rachel ... more

Displaying 21 - 30 of 282 items.
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