Major iron ore producers will have to cut production like aluminum producers did in 1994 to halt the current slump in spot prices, investment bank Investec said in a note Tuesday. "In our view if iron ore prices prevail at current levels ...
Switzerland-based commodity trading house Trafigura said Monday that falling oil prices, significant volatility, structural oversupply and the emergence of contango price structures have created significant opportunities in the crude and ...
Tags: Trafigura, oil prices, crude oil
ASX-listed Collins Foods, which owns KFC and Sizzler restaurants in Australia, has reported profit growth for the six months ending the 18 October 2015. Total revenue was reported as AUD$269.7 million, a 5.1 per cent increase on the same ...
Tags: Collins Foods, KFC
Publicly-listed organic infant food producer Bellamy’s has entered into a multi-million dollar agreement with dairy producer Fonterra. The strategic agreement has been made for five years and Fonterra Oceania Managing Director ...
Tags: cheese, whey, nutritionals
New Zealand-based dairy company Fonterra has entered into a five-year strategic alliance with Bellamy’s to produce a new range of infant formula powders in Australia. Bellamy's Australia will supply organic ingredients to Fonterra ...
Tags: Fonterra, Bellamy, infant formula
After closing the financial statements for the 2014/15 financial year, Danish Crown is paying out DKK 300 million more to its owners than last year - based on an unchanged supply of animals. This means that the company will disburse a ...
Tags: Danish Crown, pork, Beef
The United Nations have declared 2016 to be the Year of Pulses or as Australians refer to them, legumes. Australia is amongst 40 countries participating in the initiative which will launch globally on 6 January 2016. Australia’s ...
Fonterra has increased its forecast earnings for the 2015 financial year. The co-operative is now expecting to pay farmers $4.95-5.00 per kg of milk solids. Chairman John Wilson said performance between the 1 August – 31 October ...
Tags: Fonterra, milk pieces, Whole Milk
Australian fresh bean exports have hit a record high says vegetable industry representative body AUSVEG. Australia’s fresh bean exports are valued at over 40 times the size of its frozen bean export market. “The export ...
Tags: Fresh Bean, frozen bean, vegetable export
Australian leading walnut producer Webster Limited yesterday announced that a ‘nut set issue’ will likely impact the company’s 2016 crop yield. Although Webster says the impact on the 2016 yield is still being assessed, ...
Tags: Webster, nut, walnut cropS
In a bid to strengthen its position in the Southeast Asia labels market, Constantia Flexibles Group has acquired Australian packaging company Pemara Labels Group. The parties agreed not to disclose any financial details and the transaction ...
Coopers Brewery, one of Australia’s remaining independent commercial beer producers, has managed to increase its yearly profits despite dropping beer consumption amongst Australians. Coopers after-tax profits for the financial year ...
Tags: Coopers Brewery, alcoholic beverages, Cider
The European Commission is seeking comments on whether the shareholding of Netherlands-based commodities trading group Trafigura in Belgium-based zinc and lead producer Nyrstar amounts to the company taking "de facto sole control" of ...
For third-quarter 2015, deposition equipment maker Aixtron SE of Herzogenrath, near Aachen, Germany has reported revenue of €54.6m, up 35% on €40.4m last quarter and up 19.7% on €45.6m a year ago due to increased scheduled ...
Tags: Aixtron, lighting market
Nearly four per cent of global launches recorded by Innova Market Insights in the financial year ending the 30 June 2015 used a protein marketing claim. The claims were either ‘high-in-protein’ claims or ...
Tags: Innova, Dairy products, protein