NEWS - FOOD INDUSTRY

NEWS >> FOOD INDUSTRY

Displaying 21 - 30 of 200 items.
img thumb

Dairy product prices increase amid outlook for lower supply

Dairy product prices rose at the Global Dairy Trade auction, as whole milk powder increased on the outlook for reduced supply from Fonterra, the world's top dairy exporter. The GDT price index rose 2.2 per cent from the previous auction two weeks ago to US$3,124 ($4,393). Some 25,400 tonnes of product was sold, down from 29,592 tonnes two weeks ago. Whole milk powder rallied 4.2 per cent to US$2,886 ($4,059) a tonne. Skim milk powder gained 1.6 per cent to US$1,699 ($2,389) a tonne, ... more

img thumb

Tip Top reprioritises icecream production amid 'unprecedented' demand

"Unprecedented" icecream demand has meant fewer of the country's least favourite frozen treats will be made in the coming months, Tip Top says. While they say there is not an icecream shortage as such, Tip Top is reprioritising its production so that the more popular products will be available, including Trumpets, Popsicles, most Frujus and vanilla icecream to go with the Christmas pav. "We're not going to run out," sales director for Fonterra Brands Tim Carter ... more

img thumb

Prices fall sharply at latest global dairy auction

Farmers woke up to Christmas bad news with dairy prices falling by 3.9 per cent in the latest Global Dairy Trade auction (GDT). The previous auction two weeks ago offered a slight reprieve as the overall index rose 0.4 per cent, following four consecutive declines. The average price per tonne on the Global Dairy Trade index was US$2969 (NZ$4247), with the key price indicator whole milk powder at US$2755, a drop of 2.5 per cent. The auction is the first following Fonterra's decision ... more

img thumb

Synlait partners with Foodstuffs South Island to supply fresh milk and cream

Synlait Milk says it will enter the fresh milk market in early 2019 by partnering with Foodstuffs South Island and will invest about $125 million in a liquid dairy packaging plant. The Dunsandel-based company will become Foodstuffs South Island's exclusive supplier of its private label fresh milk and cream under the supply agreement, it said in a statement. Fresh milk and cream from Synlait will be packaged in Value and Pams branded products, which are available across New World, ... more

img thumb

Fonterra welcomes Government moves on climate change

Fonterra welcomes the Government’s latest move to address climate change, including its plans to establish a Climate Commission. The dairy Co-operative echoes Minister James Shaw’s belief in the importance of ensuring both a sustainable economy and stable climate for future generations. Carolyn Mortland, Fonterra’s Director of Sustainability said the Co-operative is committed to engaging with the Government on the development of a robust Zero Carbon Act, which ... more

img thumb

O’Connor announces split of MPI functions

Minister for Agriculture, Biosecurity, Food Safety and Rural Communities Damien O’Connor announced today that the Ministry for Primary Industries (MPI) will reorganise its functions to create a stronger focus on core responsibilities. Mr O’Connor says government will set up four portfolio-based entities, Fisheries New Zealand, Forestry New Zealand, Biosecurity New Zealand and New Zealand Food Safety. “Our priority is to achieve greater clarity and unity of purpose ... more

img thumb

Marlborough Wines conquer Cook Strait

Nearly 40 yachts raced across Cook Strait to deliver 29 Marlborough wines to the Capital in the WineWorks Wine Race. Over 250 people were involved crewing the yachts on 1 December in one of New Zealand’s largest off shore yacht races. Waikawa Boating Club gained yacht entries from across the country, with some skippers sailing their yachts from Auckland for the annual event. Saint Clair Family Estate and Mahi Wines were well represented with both having four wines being involved ... more

img thumb

Seafood outlook looking rosy

The latest Situation and Outlook for Primary Industries, released yesterday by the Ministry for Primary Industries, paints a positive picture for the future of New Zealand’s commercial seafood industry. Seafood New Zealand chief executive, Tim Pankhurst, said the report reflected the industry’s own assessment; that the future of commercial seafood, both wild capture and aquaculture, was in good heart. “The report confirmed that export prices for wild capture fisheries ... more

img thumb

New Zealand Winegrowers Sommelier Scholarship recipients announced

New Zealand Winegrowers has today announced the names of two New Zealand-based sommeliers selected to participate in the 2018 New Zealand Winegrowers International Sommelier Scholarship. It’s the first time New Zealanders will take part in the scholarship programme, which allows recipients the opportunity to engage with and learn from leaders within the international wine fraternity. The successful New Zealand sommeliers are: Anna Krykunivsky - Imperium Group (Eichardt's ... more

img thumb

Fonterra drops forecast Farmgate Milk Price

Fonterra Co-operative Group Limited today reduced its forecast Farmgate Milk Price for the 2017/18 season from $6.75 to $6.40 per kgMS and updated the market on its financial results for the first three months of the 2018 financial year. Chairman John Wilson says the lower forecast Farmgate Milk Price reflects a prudent approach to ongoing volatility in the global dairy market. The GlobalDairyTrade price for whole milk powder is a big influencer of the Farmgate Milk Price and it has ... more

Displaying 21 - 30 of 200 items.
ADVERTISEMENTS:

Food Service

fuelled4life - getting a great start to life through healthy eating

ingredientStop - online food ingredient shopping for food manufacturers

Foodinc - Food industry consultants