FOOD INDUSTRY AND TRADE – AUSTRALIA

Junk food classified healthy and then advertised on TV

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Original article by Harriet Alexander
The Sydney Morning Herald – Page: 3 : 7-Aug-14

Australian Communications & Media Authority rules ban companies from advertising unhealthy food during children’s TV programs in certain time slots. However new Cancer Council New South Wales data show that under the self-classification of food products by signatories to the voluntary Responsible Children’s Marketing Initiative, many snack items are simply treated as if they were healthy. If applying the Food Standards Australia New Zealand nutrient profiling, close to two thirds of all advertisements are in fact for unhealthy foods

CORPORATES
FOOD STANDARDS AUSTRALIA NEW ZEALAND BOARD, CANCER COUNCIL OF NEW SOUTH WALES, AUSTRALIAN COMMUNICATIONS AND MEDIA AUTHORITY

Retailers ‘will lose out to Chinese’

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Original article by Blair Speedy
The Australian – Page: 18 : 29-Jul-14

Dominant supermarket chains Coles and Woolworths have been urged to raise their farmgate prices, or risk losing supply as primary producers instead export to the lucrative market in China. The warning has come from Federal Agriculture Minister Barnaby Joyce, who noted that the companies are selling white label milk for just $A1 a litre when consumers in China are prepared to pay $A7 or more. Joyce also said he fully backed a Federal Court case by the Australian Competition & Consumer Commission against Coles, over alleged unconscionable conduct in its relations with food sector suppliers

CORPORATES
WOOLWORTHS LIMITED – ASX WOW, WESFARMERS LIMITED – ASX WES, COLES GROUP LIMITED, AUSTRALIA. DEPT OF AGRICULTURE, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, FEDERAL COURT OF AUSTRALIA, ALDI STORES SUPERMARKETS PTY LTD, NORCO CO-OPERATIVE LIMITED, MURRAY GOULBURN CO-OPERATIVE COMPANY LIMITED

Goodman agrees cut-price takeover offer

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Original article by Blair Speedy
The Australian – Page: 19/25 : 3-Jul-14

The board of Goodman Fielder has unanimously recommended that shareholders vote in favour of a reduced takeover bid for the Australian-listed food manufacturer. Goodman chairman Steve Gregg said on 2 July 2014 that the offer was still attractive even after foreign suitors Wilmar and First Pacific reduced it by $A0.025 a share to $A0.675

CORPORATES
GOODMAN FIELDER LIMITED – ASX GFF, WILMAR INTERNATIONAL LIMITED, FIRST PACIFIC COMPANY LIMITED, ELLERSTON CAPITAL PTY LTD, PERPETUAL LIMITED – ASX PPT, DEUTSCHE BANK AG