Select Harvests managing director, David Surveyor, said the company’s $1.5 million net profit after tax (NPAT) for FY24, represents more than a $116 million turnaround from FY23, with an operating cash flow of $21.3 million being a 545.5 per cent increase on FY23. Read more
This year’s annual Hunger Report by Foodbank Australia found 36 per cent of Australian households are experiencing food insecurity, with 77 per cent experiencing it for the first time. “Food is the pressure valve for families doing it tough,” Foodbank Australia CEO Brianna Casey says.
Almost three years after China imposed tariffs of up to 212 per cent on Australian wine, Prime Minister Anthony Albanese says the countries have agreed to a review that is expected to take five months.
The chair of Food & Agribusiness Network (FAN), Jacqui Price, is stepping down and passing the baton to businessman David Hoath. Price was appointed to the board in 2017 and is FAN’s longest serving director.
When Visy faced a disruption to a vital milk bottle production line, Coates Power & HVAC mobilised an 800 kW industrial chiller to continue production, completing the delivery and installation from interstate in 36 hours.
Premium meal delivery company, Providoor, has secured a new investor and is re-launching in Sydney, Melbourne, and Brisbane. Melbourne-based chef, Shane Delia, launched the business in 2020.
In her home kitchen in the Adelaide Hills, May Pike found the ingredient for sweet success with a batch of homemade marshmallows. Pippa Haupt spoke to the Cloud Theory founder about the journey so far.
There were more than 4000 entries from around the world in this year’s International Wine & Spirit Competition (IWSC), with outstanding performances by West Australian winery Cherubino, gin distiller Four Pillars, and vodka producer Grainshaker.
Researchers from Australia's Nuclear Science and Technology Organisation (ANTSO) and UNSW have developed a handheld scanner that can determine the origin and production methods of seafood.
Global food safety, contaminant detection and checkweighing machine manufacturer Fortress Technology has acquired New Zealand-based food safety specialist Dynamic Inspection, creating the company’s fourth global manufacturing site.
Take a look at the stories that caught everyone’s attention on the Food & Drink Business website this week: Nourish Ingredients and v2foods unveiled the next plant-based meat innovations live on stage at SXSW Sydney, All G Foods and Fënn Foods merge, Australian Dairy Nutritionals looks to sell its Brucknell South farm, and dispute resolution process between a2 Milk Co and Synlait unsuccessful.
Sara Lee, bastion of frozen desserts loved by generations, has gone into voluntary administration. FTI Consulting has been appointed administrator.
Wide Open Agriculture is set to become the world's largest producer of lupin protein, after it received binding commitments raising $6.2 million to cover the acquisition of Prolupin.
Swisslog has appointed Jens Schmale as its next CEO, effective 1 January 2024. Schmale is currently CEO of Swisslog Europe, Middle East & Africa and first joined the company in 2020. Current Swisslog CEO Antonio Trioschi will retire at the end of the year.
Food tech company, Nourish Ingredients, says its world-first animal-free fat Tastilux solves the biggest issues for plant-based meat on taste, nutrition, and consumer adoption by cooking, smelling, and tasting like animal meat.
On stage at the inaugural SXSW Sydney, v2food CEO Tim York unveiled the next generation of plant-based protein. The company’s patented RepliHue technology allows plant-based meat to change colour as it cooks, mimicking animal meat.
Leaders of a new research centre led by Adelaide Uni presented at the inaugural SXSW Sydney to share progress on its R&D efforts to help establish a long-term human presence in space.