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In the wake of Coles’ announcement that its sales grew 5.2% in the first quarter of the year, the Australian commerce watchdog, the Australian Competition and Consumer Commission (ACCC), said it was about to flex its muscles over supermarket chain abuse of commercial power.
One of the key pieces of news this week that must attract the attention of the many and varied sections of the food industry, is the degree to which changing diet is a feature of global food consumption.
Predictions by various consultancies about the likelihood of a recovery from the present economic slump were dealt further blows yesterday by new reports showing that a rise in food prices in the coming decade is almost a certainty.
Fonterra’s latest online dairy auction has delivered good news for a New Zealand dairy sector feeling increasingly under pressure as prices have slid for the past four months, forcing a freeze in payout forecasts for dairy farmers.
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