Food Standards Australia New Zealand (FSANZ) has invited submissions on proposed changes to the Food Standards Code that would allow the use of hydrogen peroxide as a processing aid, as well as ethyl lauroyl arginate as a food additive in sausages. Multi-national dairy co-operative, Fonterra, has applied to use hydrogen peroxide as a processing aid to maintain a stable pH balance in the production of its dairy products manufactured using lactic acid producing microorganisms. Ethyl lauroyl arginate... ...Read more »

Dairy multinational co-operative Fonterra has reported a first-half profit rise of 18 per cent for the six months leading to February 2012. However, the dairy giant’s consumer business profits in New Zealand and Australia have continued to drop. Announcing its results today, Fonterra said its net income rose to NZ$346 million in the six months ended, from NZ$293 million a year earlier. Fonterra cited surging demand from Asia for the strong half year results, adding that the volume of shipments... ...Read more »

Australia’s largest dairy exporter, the Murray Goulburn Co-operative, has become the third major dairy supplier to participate in the New Zealand-based GlobalDairyTrade auction platform, joining Fonterra and Dairy America. Murray Goulburn will begin offering lactose through the auction platform from 3 April 2012. GlobalDairyTrade began in 2008 as a single-seller auction for whole milk powder. It appears to be transforming into a platform for companies to trade commodity dairy products internationally.... ...Read more »

One million litres of milk will be going to people in need under an historic new partnership between Foodbank Australia and the Australian dairy industry, which is being supported by the Australian Government. The Australian Government has pledged A$4 million over the next four years to Foodbank Australia in this year’s budget to ensure the organisation builds new partnerships with food growers, producers and manufacturers. The Collaborative Supply Program for Milk is the first time an entire industry... ...Read more »

A market report on Australia’s packaged food sector from market research consultancy Euromonitor predicts that ongoing economic uncertainty and weak consumer confidence could provide Australia’s packaged food retailers with enhanced opportunities to grow retail volume sales. Euromonitor’s ‘Packaged Food in Australia’ market report, released yesterday, says the packaged food industry displayed resilience against lowered consumer confidence following the global financial crisis of 2008 and... ...Read more »

Fonterra Australia, a subsidiary of New Zealand-based multi-national dairy giant Fonterra, has launched a guide for dairy farmers on how to manage the electricity cost increases of carbon pricing. John Doumani, Managing Director of Fonterra Australia New Zealand, today said that the unique electricity demands of dairy farmers need to be understood when it comes to carbon pricing and compensation. He said that Fonterra is advocating for greater assistance for farmers to help them in transition to... ...Read more »

Fonterra Australia, a subsidiary of New Zealand-based multi-national dairy giant Fonterra, has announced record year on year growth in export volumes of nutritional milk powder products from its Victoria manufacturing sites. Since 2009, Fonterra has shipped more than 100,000 tonnes of nutritional milk powder products from Victoria manufacturing sites, achieving 37 per cent growth in this export category over that time. Fonterra Ingredients Australia’s Managing Director Simon Bromell said the volume... ...Read more »

Dairy multinational co-operative Fonterra has announced a record-breaking year in profits, despite its consumer business profits in New Zealand and Australia dropping. Fonterra’s revenue for the year ended July 31 was NZ$19.9 billion, a 19 per cent increase on the previous year. The dairy giant announced a payout of NZ$8.251 per kilogram, before retentions, comprising a farm gate milk price of NZ$7.60 per kilogram of milk solids for the year ended 31 July 2011. The payout is NZ$1.55 ahead of the... ...Read more »

New Zealand-based milk producer Fonterra and UK-based First Milk today announced a joint venture to produce “premium” whey proteins for Fonterra’s growing food ingredients business in Europe. The two dairy farmer co-operatives will combine their intellectual property to develop dairy protein streams at First Milk’s Lake District creamery in Cumbria, England. Fonterra Europe’s Managing Director, Koert Liekelema said the venture is the first step in realising its goal of local European... ...Read more »

The largest processor of milk in the world, Fonterra, today confirmed there was no change to its opening season forecast payout for 2011/12 of A$7.15 – $7.25 before retentions. The New Zealand-based dairy co-operative forecasts a milk price of A$6.75 per kilogram of milk solids and a distributable profit of 40 to 50 cents per share. Fonterra Australia-New Zealand, a subsidiary of Fonterra, owns well-known consumer dairy brands Bonlac Foods Ltd, Brownes, Bonland Dairies and Murrumbidgee Dairy... ...Read more »