Cheesemaker shelling out for more peanuts

Original article by Sue Neales
The Australian – Page: 6 : 12-Mar-18

Demand for peanuts in Australia is growing by eight per cent per annum, but production of peanuts is "stagnant" at 20,000 tonnes a year. Grower Ben Poggioli notes that many growers are getting older and leaving the industry, and that prices have not changed much in the last 10 years. Bega Cheese, which acquired the recipe and manufacturing rights in Australia to the former Kraft peanut butter from Mondelez in 2017, is hoping to revitalise peanut growing in Australia, partly through a commitment to use only Australian-grown peanuts in its Bega peanut butter.

CORPORATES
BEGA CHEESE LIMITED – ASX BGA, MONDELEZ AUSTRALIA (FOODS) LIMITED, PEANUT COMPANY OF AUSTRALIA LIMITED

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