14 December 2024
Milk prices continue to stabilise: Fonterra
The April trading event for Fonterra’s internet-based sales platform, globalDairyTrade, saw prices rise for a second month as a result of robust demand.The trading manager, CRA International, reported that the average price achieved across all products and contract periods for Whole Milk Powder (WMP) was 3.5 per cent higher than for the previous trading event in March.
“The firmer prices we’re seeing are encouraging and indicate that supply and demand fundamentals are coming back into balance,” said Kelvin Wickham, Fonterra’s Managing Director of Global Trade. “It’s encouraging to see some stability in the market and while some economic risks remain, we are positive about the medium-term outlook.”
Aussie nectarines launch into Chinese market
Well-known Australian fruit distributor, Montague, is set to pack its first box of nectarines for Ch...
Spinach used to grow beating heart tissue
Scientists have used spinach leaves to grow heart cells able to beat like a normal human heart on th...
The 12 foods that top corruption by food fraud
A leading supply audit specialist has identified the foods that are most commonly counterfeited in g...
Blackmores Bega Chinese infant formula venture already paying off
Blackmores and Bega Cheese have reported early success with a business partnership selling infant fo...
China insights report: opportunities for Australian cake-makers
Chinese consumer markets for Western-style cakes and cake mixes are still in their infancy, yet earl...
Different traceability technology announcements by several leading companies
A number of leading food companies have announced investment in food traceability innovations and te...
Coke remains the world’s most chosen brand
Coca-Cola remains the world’s most chosen brand according to the 2016 Kantar Worldpanel Global Top 5...
Lessons to be learnt from UK food fraud
There are some serious lessons to be learnt for businesses in the food industry when examining a uni...