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

Bega Group will spend about $110 million on manufacturing capacity in FY27, targeting yoghurt, cream cheese and milk-based beverages, while almost a third of proxy votes went against its remuneration report.

Treasury Wine Estates has confirmed about $50 million in proceeds from the sale of Seppelt, Rosemount and vineyards, and reiterated F27 guidance, at its first AGM under CEO Sam Fischer.

The nearly 70 million consumers in the UK are an enticing market for Australian companies, with a free trade agreement and goodwill adding to the appeal. But Paul Beare says regulations, VAT, banking and employment laws can catch some off guard. In this Q&A, Beare discusses what Australian food and beverage companies need to consider to ensure success in the UK market.