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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

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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

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US demand drives record venison prices

Soaring demand from the United States for reduced supply is behind an unprecedented lift in venison schedule prices beyond the traditional peak, says Mountain River Venison's marketing director John Sadler. "We have the extraordinary situation where schedule prices have gone up in November," he told a deer industry P2P field day in Canterbury. Traditionally venison schedules peak in September and October for chilled product to meet the European game season market. However, ... more

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Dairy prices nudge up ahead of expected Fonterra payout revision

Dairy prices had a slight reprieve overnight as the overall index rose 0.4 per cent at the latest global dairy auction, but butter has softened dramatically. The average price per tonne on the Global Dairy Trade index was US$3091 (NZ$3418), with the rise following four consecutive declines. The auction comes before an expected revision in the Fonterra forecast farmgate payout on Thursday, with most analysts picking a cut from $6.75 per kilogram of milksolids to $6.50. Most drama ... more

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Lawson’s Dry Hills celebrates 25 years at the forefront of the Marlborough wine industry

In 1992, amongst Barbara Kendall winning gold at the Barcelona Olympics, the move to MMP, Shortland Street airing for the first time and The Exponents being awarded single of the year, Ross and Barbara Lawson quietly started selling wine under their own label, Lawson’s Dry Hills. Now, 25 years later, the wines are some of New Zealand’s most awarded with numerous trophies and medals from all over the world. When asked which of these resonate the most, Chief Winemaker Marcus ... more

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Fonterra ordered to pay Danone $183m over infant formula scare

Fonterra Cooperative Group has been ordered to pay 105 million euros ($183 million) in damages to Danone over "food safety failures" in 2013, following arbitration in Singapore. In a statement, Danone said it "welcomes this arbitration decision as a guarantee that the lessons from the crisis will not be forgotten." The French food giant sued Fonterra, seeking damages of up to 630 million euros, over the whey protein concentrate contamination in 2013. Fonterra ... more

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Fonterra requests trading halt with Danone decision due

Fonterra Co-operative Group Limited (for itself and on behalf of Fonterra Shareholders’ Fund) has requested an immediate trading halt to be applied to their respective securities on: 1. the ASX; 2. NZX Main Board/Debt Market; and 3. the Fonterra Shareholders Market. This request has been made to give Fonterra time to consider the outcome of its arbitration with Danone regarding Fonterra’s 2013 whey protein concentrate precautionary recall. Fonterra ... more

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Commercial fishers agree to extend Hawke's Bay area closure

The commercial fishing industry will again support the closure of 237 square kilometres of ocean off Hawke's Bay this summer. The voluntary measure, agreed between Napier Fishermen’s Association and LegaSea Hawke's Bay is supported by Fisheries Inshore New Zealand (FINZ) and the Ministry for Primary Industries. The area, known as Springs Box, is due east of Napier Port and to the north of Cape Kidnappers. It was originally closed to commercial fishing for the summers of ... more

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Heinz Wattie’s seeks clearance to acquire certain assets of Cerebos Gregg’s

The Commerce Commission has received an application from H. J. Heinz Company (New Zealand) Limited (Heinz Wattie’s) seeking clearance to acquire the food and instant coffee business of Cerebos Gregg’s Limited (Cerebos Gregg’s). The ultimate parent company of Heinz Wattie’s is the Kraft Heinz Company, a public company listed on the NASDAQ whose core products are beverages, cheese, convenience foods, dairy foods, and snack foods. In New Zealand Heinz Wattie’s ... more

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Silver Fern Farms announces new Chief Executive

Silver Fern Farms’ Board of Directors has appointed Simon Limmer as its new Chief Executive. Silver Fern Farms Co-Chair Rob Hewett says Mr Limmer has an excellent set of skills and experience to continue the strong progress Silver Fern Farms has been making as a leading red meat food company. “The Board is excited by the leadership Simon will bring to Silver Fern Farms. Simon comes with deep commercial experience in the food, manufacturing and service sectors both here in ... more

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