Global dairy product prices fell again at the latest GlobalDairyTrade (GDT) auction, due to a seasonal lift in New Zealand supply and the recent Russian sanctions on European Union dairy exports. Prices are now 42.2% as against the ...
Tags: Dairy Product, dairy exports
New York-based private investment firm Kohlberg Kravis Roberts (KKR) has divested its entire stake in China Modern Dairy, for around $80m. The company sold 168 million shares at HK$3.70 ($0.47) per share. China Modern Dairy is an ...
Tags: Modern Dairy, Food
New Zealand-based Synlait Milk has secured approval from the Ministry for Primary Industries (MPI) for its dry blending and consumer packaging plant. With the MPI approval of Synlait Milk's Risk Management Programme , the company can ...
Tags: Synlait Milk, Canning Plant, packaging
US-based Firestone Walker Brewing will launch its new barrel-aged oatmeal stout known as Velvet Merkin in September this year. Aged in bourbon barrels from Elijah Craig and Woodford Reserve and Rittenhouse Rye whiskey barrels, the 2014 ...
Tags: Firestone Walker, barrel-aged oatmeal, Food
Dairy company A2 Milk is planning to list on the Australian Securities Exchange (ASX) amid rise in profits across the country. The company, which has been listed in New Zealand since 2004, had witnessed revenue growth of 31% over the ...
India's Mahindra Agribusiness is planning to foray into the dairy industry by focusing on the production of pouched milk. Growth opportunities in the dairy sector prompted the move by Mahindra as farm productivity in the country is only ...
Tags: Mahindra Agribusiness, Dairy Business, Food
Fonterra plans to acquire 20% stake in one of China's biggest milk processors, Beingmate, to form a global partnership with a total investment of $615m, which would help meet China's growing demand for infant formula. The partnership ...
Russia amends blacklist to allow imports of lactose-free milk, some fish and vegetables The Russian government has removed some agricultural products, including lactose-free milk and dairy products, young salmon and trout, as well as some ...
Tags: Russian, Agricultural Products, Agriculture
Nestlé hospitality chocolate range changes name and expands to include couverture range Food manufacturer Nestlé Professional’s chocolate range designed for use by chefs in cafes, restaurants and other foodservice ...
Tags: NestléHospitality Chocolate Range, Couverture Range, Food
Fonterra to develop third dairy farm hub in China New Zealand-based global dairy giant Fonterra Co-operative Group Ltd (Fonterra) has announced it has signed an agreement with US pharmaceutical and health care company Abbott Laboratories ...
Tags: Fonterra, a proposed dairy farm hub, Food
Lead scare causes Heinz recall of infant cereal products in China US-based food manufacturer H.J. Heinz Co. (Heinz) has said it will tighten controls over ingredients suppliers in China after it was forced to recall some infant food ...
Europe’s food safety assessor European Food Safety Authority (EFSA) has updated its advice on intake levels of energy, macronutrients and micronutrients in infant and follow-on formula, with the recommended maximum level of protein ...
Arnott’s, the makers of the iconic Australian chocolate coated Tim Tam biscuits, has launched a new cake-inspired Tim Tam variety in Australia in collaboration with celebrity patissier Adriano Zumbo. Inspired by the Red Velvet Cup ...
As a membership warehouse club, everything we sell at Costco has to be of better value than our competitors in the marketplace,” Costco MD Patrick Noone told the audience at a Packaging Council of Australia Industry Leaders Forum in ...
Tags: lower the price, Costco, Packaging
US-based food company HJ Heinz has recalled four batches of infant food in eastern China, citing the presence of excessive amounts of lead. The move came in the wake of discovery of excessive lead in Heinz AD Calcium Hi-Protein Cereal by ...
Tags: HJ Heinz, Contamination, Food