A research centre has been established to explore new technologies for improving crop yields, by improving the way that plants capture the sun's energy through photosynthesis.
In Germany, the Bundeskartellamt has imposed fines totalling approx 338 million euros (AU$488 million) on 21 sausage manufacturers as well as 33 individuals for conducting illegal price-fixing agreements.
RIRDC says it anticipates cuts of $11 million over four years in base funding as a result of the 2014 Budget.
The Australian Food and Grocery Council has welcomed the government's Budget focus on infrastructure and deficit reduction.
Yoghurt company Chobani has secured a US$750 million investment from TPG Capital to fund future growth, expansion and innovation. As part of the agreement, TPG will be represented on Chobani's Board of Directors.
Huon Aquaculture is set to receive $3.5 million in government funding to expand its Parramatta Creek factory in Tasmania. The expansion is expected to boost employment in the region, creating 90 ongoing jobs and an estimated 100 jobs during construction.
In October 2012, Cormack Packaging commenced a systematic replacement of its manufacturing plant process cooling water systems. The new system was calculated to generate sufficient energy savings to obtain a Clean Technology Investment Program grant.
OceanWatch has been recognised as a natural resource management (NRM) organisation and will receive $439,836 as part of the National Landcare Program to promote best-practice harvest practices and help increase long-term returns for Australian fishers.
Coca-Cola Amatil (CCA) has issued a statement clarifying its position on SPC Ardmona following reports that it may close the processor. The company says these reports are "mistaken".
Mitchell McClenaghan and Ryan Kamins are hoping to raise $100,000 in funding for their Clean Paleo brand through the www.indiegogo.com site.
When SPC was asking the federal government for $25 million and the Victorian government for the same, it was reported that the mothership, Coca-Cola Amatil, was willing to put $90 million into the mix. With the ASX announcement of a new $100 million investment plan to assist the future of SPC Ardmona and the Goulburn Valley, I am wondering why has CCA dropped its contribution to $78 million?
The plight of SPC has been front page news for a while; the media bemoans the fate of Australia's last fruit cannery and the viability of the entire Goulburn Valley. But not all first-world fruit processors are in such dire straits.
The federal government has rejected the bid by the embattled food processing company SPC Ardmona for $25 million, in a victory for the Liberal economic "dries" and "a marker" for industry policy.
You know, I don't blame CCA/SPC for trying to score $25 million in federal funding plus a further $25 mil from the Victorian government. After all, what company wouldn't like an extra $50 million? Cadbury in Hobart has been promised $16 million and the car industry has received billions - this makes $25 million for SPC Ardmona's appeal sound cheap.
The federal government's rejection of SPC Ardmona's request for a $25 million assistance package has left many uncertain about the future of the company and food manufacturing in Australia. Up to 5000 jobs could be affected if the company folds.