The Australian Food and Grocery Council, the peak industry lobby for that sector, has warned that manufacturing costs have soared and are threatening the viability of its members. In a statement on Tuesday, the AFGC said while some costs – including for some commodities, energy, and shipping have slightly moderated – others are increasing, and…
The Australian Food and Grocery Council has released its latest State of the Industry report, which it says highlights the industry’s resilience in the face of rising costs, growing 11.6 per cent by value in 2022/23 though seeing a 7 per cent decrease in operating profit. Among highlights in the report: – The sector’s total…
Prime100 launches new packaged pet food product Melbourne-based pet food company Prime100 has partnered with Tetra Pak to launch a premium dog food product line in cartons (pictured) with “the lowest CO2 footprint in the market”. The new SPD (Single Protein Diet) product range is available in seven flavours and packaged in Tetra Recart. Products for…
Food and grocery manufacturing turnover grew 7.4 per cent in value over 2021-22, though capital investment stalled and employment shrunk by a per cent, according to a report from the industry’s peak body. The Australian Food and Grocery’s annual State of the Industry report recorded an increase in revenues to $144.1 billion – driven by…
