Dairy company Fonterra wants to increase the value of its $3bn foodservice business, Anchor Food Professionals, to $5bn.
Food exports were strong in H1 but it’s an uneven recovery from Covid for infant formula, cherries and some seafood.
Rockit says its apple sales jumped 94% in Mainland China for the Mid-Autumn Festival sales period, compared to the same time last year.
What does shifting demand mean for the future of the informal channel, which plays a big role for NZ brands such as A2 Milk?
A2 “considers that it complied with disclosures notifications at all time,” following a class claim filing in Australia alleging misleading or deceptive conduct.
The value of New Zealand’s red meat exports topped $650m in August 2021, up 26% on the same month last year, says the Meat Industry Association.
Kiwifruit exporter Zespri says it continues to work constructively with authorities following a positive test result for Covid-19 in China on a sample of fruit from the Bay of Plenty.
Zespri says it has launched its emergency management plans and is co-operating with the relevant government agencies after a sample of its kiwifruit from the Bay of Plenty tested positive for Covid-19 in China.
The sale to the Chinese private equity firm provides the pet food business with access to capital and global market intelligence.
The company’s new CEO Nick Hammond talks culture, scale-up challenges, China, and the prospects for growth.
The prolonged impact of Covid-19 and a rapidly changing China market has prompted the company to launch a growth strategy review.
With China and Korea its number one and two markets, Grove is looking to Thailand and Vietnam for further growth.
Organic apple grower Bostock New Zealand says it has seen a 136% increase in organic apple sales this year across its direct retail programmes in China.
A2 Milk says the Overseas Investment Office has signed off its proposed $268.5m purchase of a 75% interest in Southland dairy nutrition business Mataura Valley Milk.
The Flying Winemaker group has signed a distribution deal which will see its wine sold in foodservice outlets across Mainland China.
Fonterra is offloading its two joint venture farms in China to Singapore-based AustAsia Investment Holdings for $163m.
The former darling of the NZX was forced to slash its revenue forecasts and write down the value of its assets.
China’s recovery from the Covid-19 pandemic helped lift red meat exports over $1bn in March 2021, says the Meat Industry Association.
Food exporters have been warned not to fall back on a ‘business as usual’ approach following the disruption Covid-19 because there is more to come.
Fonterra has sold its two China farming hubs in Ying and Yutian to Inner Mongolia Youran Dairy Co.
The West Coast dairy company will double the capacity of its Hokitika butter manufacturing plant.
Zespri is progressing its plan to move against the unlawful growing of kiwifruit in China as illegal plantings increase.
The co-op said it was “pleased” with its results as the previous period’s earnings were inflated by asset sales.
The company suffered a 35% drop in interim profit in what it described as a “challenging” first half year.
The dairy company says it expects an uptick in activity in the second half of FY21 despite continuing uncertainty.
Chinese authorities say the virus has been detected on beef and tripe and packaging from NZ, Brazil and Bolivia.
Zespri intends to sign a Memorandum of Understanding with government officials in China .
Zespri has started a procurement trial in China to try and combat illegal plantings of its SunGold kiwifruit.
NZTE has launched a new global campaign to showcase the country’s food and beverage industry.
Fonterra is planning to pay down debt with $555m from the sale of farms it has developed in China.