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 »

Unilever launches a Flora butter blend
March 9, 2016

Unilever has launched a new range that blends its Flora margarine with butter.   The range includes a salted version and a salt-reduced option. Both products are made by combining butter and sunflower seed oil.   Unilever says its two new spreads a have 40 per cent less saturated fat than regular butter.   Flora has been sold by Unilever since 1964. At the time margarine was considered a butter substitute. In those days, consumers and medical specialists were concerned about the level... ...Read more »

Murray Goulburn not immune to low dairy prices
February 29, 2016

Murray Goulburn says it is feeling the impact of a troubled dairy industry, revealing a slump in net profit to shareholders.   The dairy company, which owns the Devondale brand, announced a net profit of only AUD$10 million for the six months ended 31 December 2015. This was a 34.1 per cent drop on the previous 2014 corresponding period.   Murray Goulburn’s Managing Director Gary Helou attributed the drop to low milk prices.   “The first half has seen the continuation of the decline... ...Read more »

Freedom Foods maintains profits despite market volatility
February 29, 2016

Freedom Foods has today posted an increase in operating net profit of AUD$4.2 million for the six months ended 31 December 2015.   This is a profit jump of 35 per cent on the corresponding period in 2014.   The ASX-listed company, which specialises in health foods, attributed the results to increased sales of its cereals, bars and non-dairy beverages.   Pactum Dairy Group performs well   Freedom has a 50 per cent share of the Pactum Dairy Group which achieved sales of AUD$30 million... ...Read more »

Cheese markets changing, but Bega still shows good results
February 29, 2016

A higher proportion of Australians living in rural and regional parts of the country are more likely to purchase cheese than consumers living in the bigger Australian cities says a new report from Roy Morgan Research.   In the 12 months to September 2015, 84 per cent of those living in rural and regional Australia purchased cheese within a four-week period. Just 79 per cent of those living Brisbane, Darwin, Adelaide, Melbourne, Canberra and Sydney brought the dairy product.   Hobart and... ...Read more »

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