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

The Federal Court has found Coles Supermarkets made false or misleading representations in its ‘Down Down’ promotional program, handing the ACCC a significant win in proceedings that have been closely watched across the retail and manufacturing sectors.

SPC Global (ASX: SPG) has launched a fully underwritten $100 million equity raising, with the bulk of proceeds earmarked for net debt reduction as the company works to reset its balance sheet less than 18 months after listing on the ASX.

The federal government released its 2026 budget last week, with longstanding issues in the food and beverage sector mostly overlooked in favour of the critical supply chain challenges arising from the Middle East conflict.