Mainland is conducting a voluntary recall of their Feta Crumble product due to the detection of Listeria monocytogenes in a limited number of samples. Their 200G Feta Cheese is to be recalled from Coles and independent supermarkets, with the 500G variety to be withdrawn from cafés and restaurants until the issue has been resolved. Food Product: Feta Cheese Name of Product: Mainland Feta Crumble 200g & 500g packs Package Description & Size: Pouch pack with zip lock - 200g & 500g Use... ...Read more »
Kirin Holdings, Japan’s largest brewer and owner of Australian-based National Foods, has won the battle to acquire dairy co-operative Australian Co-Operative Foods (ACF) Limited (Dairy Farmers). In conjunction with Warrnambool Cheese and Butter, National Foods outbid other interested parties, which reportedly included Saputo and Murray Goulburn. Dairy Farmers announced today that National Foods will acquire all of the shares in the Co-operative for a cash consideration of $5.65 per share,... ...Read more »
Fonterra farmers would see the proposed changes to the Raw Milk Regulations as a step towards a more even playing field around competition, but they would be concerned by the timeframe for change, according to said Fonterra Chief Executive Andrew Ferrier.”The key point in the Government release is that our competitors have access to our milk at a cheaper price than we are paying our own farmers. Our farmers will be disappointed that the changes will not be implemented sooner and they will be... ...Read more »
Parmalat has failed to reach an appropriate agreement with their proposed joint venture partner, Murray-Goulburn, as they seek to acquire Dairy Farmers. The two companies withdrew their application for ACCC clearance on Friday, with the Italian dairy giant citing an inability to come to a suitable arrangement as the reason for the decision. “Parmalat SpA communicates that no mutually satisfactory resolution on terms and conditions has been reached and consequently Parmalat has withdrawn from... ...Read more »
The second trading event for Fonterra’s new internet-based sales platform, globalDairyTrade, concluded at 2am this morning (NZT).The clearing price for regular whole milk powder for shipment in October was US$3,705 MT FAS New Zealand Port. Managing Director Fonterra Global Trade, Kelvin Wickham, said the Company was pleased with globalDairyTrade’s second trading event. Overall the prices ranged from US$3705 MT FAS to more than US$4000 MT FAS for product to be shipped from October 2008... ...Read more »
The battle for ownership of Dairy Farmers is now between three contenders, according to reports. The Australian Financial Review believes that Canadian firm Saputo has entered the fray and will now compete with Parmalat and National Foods to purchase the Australian co-operative. The three companies are believed to have submitted formal bids on Friday for the company valued at up to $1b. For months, Saputo, Canada’s largest cheese maker and the world’s 15th largest dairy processor, had... ...Read more »
The valuable contribution the dairy industry makes to the New Zealand economy has been highlighted in a report prepared by Statistics NZ for Fonterra, which shows that over a quarter of the country’s export earnings is now accounted for by the dairy industry.Fonterra Chairman Henry van der Heyden said the figures for the year to May 2008 confirmed “dairying and our dairy farmers as a true cornerstone of our economy”. “While there’s an obvious contribution to our export... ...Read more »
The ACCC’s decision on approval for Parmalat and Murray-Goulburn’s proposed bid for Dairy Farmers has been delayed until next Thursday. The findings were initially due today but, at “the request of the parties”, the announcement has been put off until next week. Just-Food reported earlier this week that Parmalat believed a decision on the battle to buy Dairy Farmers could be revealed this week, but, given the ACCC has yet to grant approval to any bidder, this appears... ...Read more »
National Foods has offered the ACCC a proposed undertaking to address any competition concerns that the ACCC may have with their proposed takeover of Dairy Farmers. National Foods, a subsidiary of the Japanese-owned Kirin Holdings, announced in April that they would combine with Warrnambool Cheese and Butter (WCB) to make a joint bid for the Australian dairy co-operative. The ACCC commenced a public, informal review into their proposal on April 17 to determine the competition implications of a takeover. National... ...Read more »
Fonterra yesterday announced an industry-first 30 per cent national incentive for herd testing.National Milk Services Manager, Heather Stacy, claimed the incentive recognised herd testing as the backbone to progressive farm management. “We have been genuinely concerned about the gradual decline in the amount of herd testing being undertaken by farmers,” Ms Stacy said. “This incentive has been developed in partnership with our farmers and is seen as not only providing substantial... ...Read more »