Close×

Country of Origin Food Labelling Standards (CoOL) will formally take effect on 1 July 2018, and Australian suppliers such as SPC are seeking to promote the fact their ingredients are grown and made in Australia.

Established last year, the new requirements make it clearer where products are produced, grown, made or packed.

The labels also communicate what percentage of the ingredients come from Australia.

SPC’s ingredients business is growing as the company works with producers, manufacturers, processors, importers and retailers to meet the 1 July target.

“As an Australian company recognised for producing home-grown fruit and veggies from Victoria’s Goulburn Valley, we are well-placed to help our ingredients customers meet the CoOL requirements”, Abbey Jones, SPC head of ingredients and foodservice, said.

Food & Drink Business

Asahi Beverages is the latest company to partner with Charles Sturt University (CSU) to support Australian farmers recognise and implement climate smart practices, with scientists from the Cool Soil Initiative tracking carbon emissions from the barley used in beer.

New Zealand based agtech company, Halter, has completed a $314.5 million Series E funding round, achieving a new $2.86 billion valuation. The company plans to use the funding to expand commercialisation of its virtual fencing and animal management system in Australia and the United States.

A senate inquiry into CSIRO funding and resourcing has warned Australia’s sovereign research capability is under pressure from job cuts, declining real funding, ageing infrastructure and uncertainty over the national science agency’s strategic direction.