Oz supermarket giant obtains green light to buy milk plants
Australian supermarket giant Coles has been given the green light by the competition watchdog to buy two milk processing plants.
Restrictions on marketing infant formula in Australia have been extended for another three years.
The Australian Competition and Consumer Commission (ACCC) has reauthorised the agreement that bans direct public marketing of infant formula.
In New Zealand, the Ministry of Health prohibits marketing of infant formula for babies under 6 months.
The ACCC says it has accepted the Marketing in Australia of Infant Formula: Manufacturers and Importers Agreement (MAIF) to stay until the July 31 2024, to maintain restrictions on the promotion of breastmilk substitutes.
ACCC deputy chair Delia Rickard said the ban has significant public health benefits through protecting the rate of breastfeeding.
"Without this agreement among infant formua manufacturers and importers there is a risk of an increase in the marketing of infant formula, both directly to consumers and indirectly through references to infants in the marketing of toddler milk," said Rickard.
The ACCC has ongoing concerns the marketing of toddler milk products undermines the effectiveness of the agreement. Issues with advertising complaints are also present because of timeliness and transparency for how they are handled under the agreement.
South Waikato farm manager Ben Purua’s amazing transformation from gang life to milking cows was rewarded with the Ahuwhenua Young Maori Farmer award last night.
Bankers have been making record profits in the last few years, but those aren’t the only records they’ve been breaking, says Federated Farmers vice president Richard McIntyre.
The 2023-24 season has been a roller coaster ride for Waikato dairy farmers, according to Federated Farmers dairy section chair, Mathew Zonderop.
Ministry for Primary Industries (MPI) director general Ray Smith says job cuts announced this morning will not impact the way the Ministry is organised or merge business units.
Scales Corporation is acquiring a number of orchard assets from Bostock Group.
Family and solidarity shone through at the 75 years of Ferdon sale in Otorohanga last month.
OPINION: Scientists claim to have found a new way to make a substitute for cow's milk that could have a…
OPINION: The Irish have come up with a novel way to measure cow belching, which is said to account for…