Rating agency slapped a negative outlook on Australian food company
Burns Philp & Co as the ingredients company, that integrated
food giant Goodman Fielder last year, unveiled a 9 per cent drop in
2003-04 first half profits.
The Australia and New Zealand Food Regulation Ministerial Council
met in Perth on Friday, resulting in a number of important policy
decisions concerning maximum residue levels, ethylene oxide, GM
food labelling and iodine deficiency.
The Australian government is to provide a total of A$2.8 million
(€1.5m) over four years to strengthen food safety standards in
Australia, through the development of new Primary Production and
Processing (PPP) Standards and information...
The Burns Philp - Goodman Fielder saga continues with the news
today that the Australian Competition & Consumer Commission has
cleared the hostile bid from Australian ingredients company for
Australia's largest food company.
The Australian and New Zealand food agency (FSANZ) today invited
individuals and organisations to comment on an application that it
has received to vary its brand new Food Standards Code to
permit the sale of formulated beverages...
Environmental sustainability and bioscience technologies are key
priorities of Australia's dairy sector, according to the new
manufacturing head of the industry's research and development
organisation.
Australian food ingredients group Burns Philp & Co. said on
Monday that despite a decline in sales, net profit had risen
sharply to A$56.8 million (€32m) in the first quarter ended 30
September compared to A$19.2 million a year...
The Australian federal government is to bailout the struggling
sugar industry in order to prop up towns along the Queensland and
northern NSW coast, Trade Minister Mark Vaile said on Sunday,
IndustrySearch.com reports.
Australian food ingredients company Burns Philp & Co said on
Thursday that it had agreed to sell its Australasian terminals
division to Kaneb Pipe Line Partners for A$83 million (€45m).
Moves to further strengthen Australia's food safety record should
be boosted by an agreement to transfer standard setting for primary
products to the new Food Standards Australia New Zealand (FSANZ),
Parliamentary Secretary to...
Australian scientists are claiming a world first with the creation
of a biologically engineered 'no-milling-required' wheat that can
be used in instant dishes after adding boiling water, Reuters
reports
The vitamin price fixing affair which has already seen a cartel of
some of the world's major producers fined by the European and US
authorities is continuing in other parts of the world. This week
saw the Australian Federal Court...
Diagnostic tests to differentiate between animals infected with the
highly contagious foot-and-mouth disease and animals vaccinated
against the disease might be close to a reality following a meeting
of international foot-and-mouth...
Australian food giant Goodman Fielder plans to sell its
Invercargill food ingredients export business to an
Australian-owned company, writes the New Zealand Herald this week.
In response to recent concerns raised in relation to possible
contamination of soy and oyster sauce products the Australian and
New Zealand Food Authority (ANZFA) has set a limit for
chloropropanols 3-MCPD in soy sauce products
The Australia New Zealand Food Authority (ANZFA) called for a
second round of public consultation for the irradiation of herbs,
spices, herbal infusions, peanuts, almond, cashews and pistachio
nuts.
Food processors in Australia warned retailers this week that bread
prices are set to rise by as much as 15 cents a loaf.This is the
second major price...
On June 25, the Australian grocery group Foodland Associated Ltd.
announced it would pay US$81m for 36 Franklins supermarkets and two
warehouses outside...
Australian food exports to Asia grew 13 per cent in the December
quarter and are expected to exceed $12 billion, the Supermarket to
Asia Council said...
