Murray Goulburn, what went wrong?
May 18, 2016

In July 2015, Australia’s home-grown dairy processor Murray Goulburn was publicly listed on the Australian Securities Exchange in a very success partial float. Despite global milk solid prices plummeting at the time, Australia’s largest-dairy group saw its initial share price climb from a AUD $2.10 issue price to as high as AUD $2.42 within its first few days of trading. Less than a year later, things have turned sour for MG with the share price today at AUD 86 cent, but what caused the milk... ...Read more »

Burra Foods sells out 79 per cent to Chinese company
May 11, 2016

Australian dairy ingredient processor, Burra Foods, has sold a 79 per cent stake in its business to Chinese dairy farming company Inner Mongolia Fuyuan Farming Company (Fuyuan). Existing shareholders, including founder and Chief Executive Officer Grant Crothers, retain the remaining share of the business. Burra Foods said it agreed to the restructure to help improve market access and to raise capital to fund the expansion of its dairy processing facility in Victoria. “The new shareholder structure... ...Read more »

Dairy farmers angry at milk price cuts
May 9, 2016

A group of Australian dairy farmers are extremely unhappy with the pricing decisions by Murray Goulburn and Fonterra to cut their respective farmgate milk prices. Fonterra Australia late last week revised its farmgate milk price for the current season from AUD $5.60 per kilogram of milk solids (MS) to AUD $5.00 per kilogram. Fonterra’s announcement comes after Murray Goulburn, owner of Devondale, lowered its prices a week earlier. A group called Farmer Power is now lobbying Federal Agriculture... ...Read more »

DFSV releases new info for manufacturers
May 9, 2016

Dairy Food Safety Victoria (DFSV) has released three new technical information notes for dairy manufacturers. The notes cover the following: Measuring pH Microbiological analysis Water activity. DFSV is responsible for regulating the Victorian dairy industry for the purposes of protecting the public’s health. DFSV’s website hosts a series of technical information notes to support dairy manufacturers in complying with safety standards. The DFSV has also recently updated its website so that it... ...Read more »

Murray Goulburn brings in new leadership after trading halt
April 27, 2016

Dairy company Murray Goulburn has today revealed its Managing Director Gary Helou will be stepping down and has downgraded its expected profits for the financial year ending 30 June 2016 by 40 per cent. The announcements come after the company requested an Australian Securities Exchange (ASX) trading halt from last Friday 22 April – 27 April 2016. It is now expected Murray Goulburn, owner of Devondale, will no longer be able to pay its farmers the previously anticipated AUD $5.60 per kilogram of... ...Read more »

Murray Goulburn undertakes ASX trading halt
April 26, 2016

Murray Goulburn is in the middle of an Australian Securities Exchange (ASX) trading halt as requested by the company itself. The halt is expected to last until Wednesday 27 April with Murray Goulburn saying it needs to review the impact of market conditions on its profits outlook. Murray Goulburn debuted strongly on the ASX in July 2015 despite a global oversupply in milk driving milk solid prices down. In February 2016, Murray Goulburn announced a net profit of AUD$10 million for the six months... ...Read more »

Sipahh now offering products for fundraising
April 18, 2016

Beverage company Sipahh is now offering its products for fundraising purposes by Australian schools, sporting groups and other community organisations. Sipahh uses Unistraw technology which was invented by Australian man Peter Baron in 1996. He launched Sipahh in 2005. Club Trading and Distribution acquired the brand in 2012. Fundraising creates will contain four-packs of Sipahh’s straws which add flavour to milk. Sipahh recommends the straw packs be sold for AUD $2.00 each. Georgie Scott, Marketing... ...Read more »

The dairy alternative drinks market is booming: Innova Market Insights
April 6, 2016

Dairy alternative drinks, such as soy and almond milk, accounted for 6 per cent of total global dairy launches in 2015 says Innova Market Insights. The market research company says this figure reflects the growth of these products in non-traditional markets including Europe. “The non-dairy milk drinks market has seen considerable development in recent years in the light of rising interest in lactose and dairy free options,” said Lu Ann Williams, Director of Innovation at Innova Market Insights. “Its... ...Read more »

Fonterra reports strong global result but mediocre Australian profits
March 23, 2016

Fonterra has posted strong overall results for the six months ended 31 January 2016 despite a global oversupply of milk driving prices down. The New Zealand dairy group’s Australian results were however described as “not satisfactory” in its report. Fonterra made a net profit of NZ$409 million, a 123 per cent increase on the corresponding 2015 period. Chairman of Fonterra John Wilson said that the company needs to continue its strong performance so it can support its dairy farmers through the... ...Read more »

EU promotes milk in schools, but not in Australia yet
March 15, 2016

The European Union (EU) is to set aside the equivalent of approximately AUD$365 million annually to promote healthy eating to school children. Meanwhile, Australian governments are lagging behind. Approved last Tuesday 8 March 2016, according to Dairy Reporter, the new funding will include combining all existing EU school milk and fruit programs into one program. Any school that receives funds will be required to promote healthy eating, farming and not wasting food. Nearly AUD$150 million of the... ...Read more »

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