Eating disorders are among the most complex and deadly of psychiatric illnesses The government of Australia is investing an additional $24.3 million through the 2022-23 Budget to implement new community-based treatment services and fund existing support and treatment services for Australians with an eating disorder. The number of people in[Read More…]
Finance
Fonterra tail off their India Joint Venture
Fonterra and Future Consumer Limited have agreed to wind down their 50:50 India joint venture – Fonterra Future Dairy. The joint venture was established in 2018 and has 22 employees, all of which will receive appropriate entitlements. Despite this, the joint venture has delivered some important initiatives, including the launch[Read More…]
Seafood leader Thai Union & TMBThanachart Bank sign Finance loan agreement
Thai Union’s embrace of Blue Finance is a key component of the Company’s corporate goal of ‘Healthy Living, Healthy Oceans’. Thai Union Group PCL has signed a THB 2 billion short-term Blue Finance loan agreement with TMBThanachart Bank Public Company Limited, further expanding its position in financing that benefits the[Read More…]
Tetra Pak invests in four new recycling facilities
Tetra Pak has co-invested over €11.5 million with recyclers and industry players, to help set up four completely new recycling solutions for carton packages in Turkey, Saudi Arabia, Ukraine and Australia. Tetra Pak has co-invested over €11.5 million with recyclers and industry players, to help set up four completely new[Read More…]
Fonterra lifted its forecast Farmgate Milk Price range
Fonterra CEO Miles Hurrell says the lift in the forecast reflects the increase in global dairy prices since the Co-op’s last milk price update in January, and good levels of ongoing global demand for dairy. Fonterra Co-operative Limited lifted its 2021/22 forecast Farmgate Milk Price range to NZ$9.30 – $9.90[Read More…]
Fonterra, agreed a strategic partnership with NZX & EEX for future growth
The strong alignment of all three shareholding partners to GDT’s purpose of credible price discovery will support initiatives to increase liquidity on GDT, attract new supply from prominent dairy producing regions, and will strengthen GDT’s linkages to financial trading platforms Fonterra has agreed a strategic partnership with New Zealand’s Exchange[Read More…]
Japan supports WFP with $66M for emergency food assistance
Japan has consistently been one of WFP’s top donors The United Nations World Food Programme (WFP) has welcomed a total of $66 million in funding from the Government of Japan to provide emergency food assistance and livelihood support to vulnerable people in 26 countries across Asia, the Middle East and[Read More…]
Olam secures US$4.0 billion financing for its Re-organisation plan
Olam’s Group CFO and CEO (Operations), N Muthukumar said: “The signing of these facilities is yet another milestone in our Re-organisation plan to unlock value for our stakeholders. Leading global food and agri-business, Olam International Limited (“Olam’’) announced that it has secured multiple bank facilities aggregating US$4.0 billion, as it[Read More…]
Chr. Hansen delivers 9% organic growth in Food Cultures & Health & Nutrition segment
Food Cultures & Enzymes continued its strong momentum in the first quarter, while Health & Nutrition delivered a strong rebound following a Q4 that fell short of expectations. Progress across all business areas and strategic initiatives underlines the strength of our 2025 strategy“The encouraging start to the year with organic[Read More…]
SIG to acquire Pactiv Evergreen’s carton business in Asia
SIG plans to use its local R&D presence and innovation capabilities as well as its marketing expertise to introduce more innovative packaging formats in the fresh dairy market. SIG announced that it has entered into an agreement to acquire Pactiv Evergreen Inc.’s Asia Pacific Fresh operations (“Evergreen Asia”) for an[Read More…]
