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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

A $27 million write-down of legacy inventory drove reported EBITDAS to negative $35 million, while net debt finished at $89 million against $90 million guidance.

SPC Global has delivered normalised EBITDA of $38.5 million for FY26, up 27 per cent and ahead of guidance for 25 per cent growth, on net sales revenue of $331.8 million.

Turnover and employment are at record levels in Australia’s food and grocery manufacturing sector and exports are also climbing, according to Australian Food and Grocery Council’s (AFGC) latest State of the Industry report. But the figures came with a warning – ongoing pressure on margins and operating costs could weaken the sector’s capacity to invest and grow over the long term.