NEWS - FOOD INDUSTRY

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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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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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