The Albanese government has accelerated access to three National Reconstruction Fund sub-programs, including a $1 billion zero-interest loan facility for fuel, fertiliser and other critical supply chain businesses, as global trade disruption continues to pressure Australian manufacturers.
Australia’s national science agency has proposed cutting up to 52 net roles from its Agriculture and Food division and exiting food ingredient innovation, precision fermentation, microbial technologies, and its national food innovation network – changes the food tech sector says leave a significant gap.
The NZ$307 million sale of the Pōkeno facility to Abbott is complete, delivering a material debt reduction for the Canterbury dairy processor – but significant refinancing pressures remain as the company pursues its Stabilise, Simplify, Scale recovery plan.
