RaboBank states Australia’s tree nut industry is in a period of growth – expecting significant almond and macadamia orchards maturation over the next few years to provide opportunities to meet growing international demand.

The August/September edition of the Food & Drink Business magazine has landed, reflecting on some of the year's biggest events and focusing on key aspects of the industry. 

The Australian Bureau of Statistics' livestock product report shows a notable lift in the female slaughter rate for Australian cattle, which places the industry in a destock phase.

Orange grower and juice processor, Grove Juice, is set to acquire Bega Group’s Leeton juice extraction facility and assets. Bega will continue to source fruit for its beverage range, with Grove Juice processing it as part of a long-term agreement.

McDonald’s Australia has increased its support of the local supply chain over the past year, with its 2023 Australian Shopping List revealing the business purchased over 330 million kilograms of local produce, products, and ingredients.

In light of a softening consumer environment, Endeavour Group managing director and CEO, Steve Donohue, said the business’ F24 performance reflected its resilience during “challenging trading conditions” and a “softening” consumer environment.

Dairy giant Fonterra has been recognised for its commitment to sustainable packaging, achieving ‘Leading’ status under the Australian Packaging Covenant Organisation (APCO) standards based off its 2024 Annual Report.

Despite Ingham’s recording a 68 per cent increase in net profit after tax to $101.5 million and revenue up 7.2 per cent to $3.3 billion, its share price dropped 20 per cent on news of a smaller contract with Woolworths and forecast flat growth.

Bacardi-Martini Australia has appointed Kayla Grigoriou as its Angel’s Envy whiskey specialist. Food & Drink Business spoke to Grigoriou about her industry experience, the influence of bourbon, and the Australian whiskey scene.

Woolworths Group has invested an additional $7 million into small business accelerator, Seedlab Australia. Since 2021, Woolworths has previously provided the FMCG business incubator with over $5.2 million in funding.

The latest scorecard on innovation and productivity in New South Wales presents a state with solid, even above average, skills that with more application could do better. The minister for Innovation, Science, and Technology – just one of his five portfolios – Anoulack Chanthivong, said it was a “wake up call”.   

AgriFutures Australia and The Australian Grown Coffee Association have released a manual for growers in Australia, covering each stage of production and best practices for coffee cultivation in the region's climate.

As Fine Food Australia celebrates its 40th anniversary, it is excited to host a handful of Australia’s forward-thinking brands committed to leading the future of sustainable retail methods.

South Australian dairy business, Beston Global Food Company (BGF), is expecting a binding offer to acquire the business by 9 September. BGF went into a trading halt on 1 July as it sought to resolve its funding arrangements.

Synlait Milk has agreed to recapitalisation terms with its two largest shareholders that include aggregate new equity of $217.8 million. It is also in the final stages of refinancing its bank facilities. A special shareholders’ meeting will be held on 18 September to approve the plan.

US-headquartered event and marketing agency, Code Four, has acquired Crafted Beer Festival, the Gold Coast’s premier celebration of craft beer, as part of its Australian expansion strategy.