Bega Cheese makes record profits
August 25, 2014

Bega Cheese makes record profits Australian dairy manufacturer Bega Cheese has reported record profit, and revenue of $1,069.4 million for the year ended 30 June 2014, up 6.5 per cent on the previous year. Bega Cheese reported EBITDA of $122.5 million, up 88.1 per cent on the previous year, PBT of $93.6 million, up 164.7 per cent on the previous year, and EPS of 43.44 cps, up 159 per cent on the previous year. The Company reported no debt, and said its balance sheet was “significantly strengthened”... ...Read more »

Russia amends blacklist to allow imports of lactose-free milk, some fish and vegetables
August 25, 2014

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 vegetables and nutritional supplements, from its list of restricted imports. Seed potatoes, onions, and hybrid sweet corn can now be imported from Western countries after falling under Russia’s food ban in early August 2014. The exceptions to the list also include... ...Read more »

‘Wake up Maggie I think I got something to say to you, ’ ACCC asks: ‘Where do you come from, my lovely!’
August 20, 2014

Maggie Beer Products acknowledges its labelling may be misleading The Australian Competition and Consumer Commission has accepted a court enforceable undertaking from Maggie Beer Products Pty Ltd (Maggie Beer Products) in which the brand, owned by celebrity cook Maggie Beer, acknowledges that its conduct was likely to have been misleading, in breach of the Australian Consumer Law (ACL). The undertaking relates to Maggie Beer Products’ place of origin representations on the labelling of “Maggie... ...Read more »

Digestive health benefits of A2 milk ‘strengthen health claims’, study
August 18, 2014

Digestive health benefits of A2 milk ‘strengthen health claims’, study Milk drinkers could gain digestive health benefits by switching from milk containing the A1 protein, according to new research from Curtin University in Western Australia. The research was independently peer reviewed and published in the European Journal of Clinical Nutrition (EJCN) by the Nature Publishing Group, and was funded by a grant from The a2 Milk Company Limited. Associate Professor Sebely Pal from Curtin’s... ...Read more »

Lion to focus on dairy business and “health and wellness” credentials
August 13, 2014

Lion to focus on dairy business and “health and wellness” credentials Food and beverage manufacturer Lion has announced it will separate its dairy and juice businesses and devote more resources to growing its dairy business, after a decrease of 0.6 per cent in total revenues to $2,674 million for the half year ended 31 March 2014.  The group also intends to concentrate its strategic marketing on the “health and wellness” credentials of its products. Lion said it continued to face “highly... ...Read more »

Yoghurt drinks on the rise in China
August 13, 2014

Yoghurt drinks on the rise in China The drinking yoghurt market is exploding in China due to significant and sustained investment and a new demand for healthier drinks ‘on the go’, according to a new report from market research organisation Canadean. Drinking yoghurt will become the third most consumed dairy drink in China by 2016, as the volume consumption of drinking yoghurt will exceed that of flavoured milk as well as grain, nut, rice and seed milk alternative drinks. According to Canadean,... ...Read more »

Chobani Australia expands export markets to include Malaysia
August 13, 2014

Chobani Australia expands export markets to include Malaysia Following its first distribution deal to export to Singapore, yoghurt brand Chobani Australia have begun exporting to Malaysia. Made in Dandenong South, Victoria, Chobani Australia said the exported Chobani Greek Yogurt had already been in strong demand in the early phase of the distribution deal and that orders had been coming in quickly. The Company said the reception of the products in Singapore had also been good, with strong distribution... ...Read more »

S-26 Original Progress Formula “safe for consumption”, tests show
August 11, 2014

S-26 Original Progress Formula “safe for consumption”, tests show Infant formula manufacturer Aspen Nutritionals has announced it has received test results for its investigation of S-26 Original Progress formula, batch 40727482A2, showing that the product is safe for consumption. Aspen Nutritionals said the report from the manufacturing plant states that the batch passed all chemical, physical, microbiological (including pathogens) and sensory specifications at the time it was released... ...Read more »

Bellamy’s Organics impresses on ASX debut
August 6, 2014

Bellamy’s Organics impresses on ASX debut Tasmanian-based Australian baby food company Bellamy’s Organic (Bellamy’s) has seen its share price soar on its debut listing on the Australian Stock Exchange on 5 August 2014. The market capitalisation at that price is $129.2 million. Bellamy’s listed with an initial share price of $1, but shares are currently trading at $1.36, which values the Company at $129.2 million. Trading range for Bellamy’s shares has been $1.21 to $1.41. The Company has... ...Read more »

PZ Cussons acquires premium Australian food brand five:am
August 6, 2014

PZ Cussons acquires premium Australian food brand five:am PZ Cussons Australia and New Zealand, part of leading international consumer products group PZ Cussons Plc, has added to its growing food and nutrition category in the Asia Pacific region with the purchase of a leading Australian organic yoghurt brand, five:am. five:am has been one of the most successful entrants to the Australian food industry over the past decade. The business has strong retail partnerships across the country and the potential... ...Read more »

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