Boutique cheesemaker Cranky Goat in voluntary liquidation
Award-winning boutique cheese company, Cranky Goat Ltd has gone into voluntary liquidation.
The world's cheese business was worth US$216 billion last year, and in four years should be worth US$237b, says market research company Canadean.
It says the global cheese market is growing strongly, driven by countries such as Brazil, where cheese consumption is expected to triple in the next decade.
However, the top five global brands Kraft, Philadelphia, President, Sargento and Galbani hold only 10% or less market share.
“With rising competition, top [producers] are using unique strategies, such as new product traits and uses, to differentiate themselves from other brands,” says Dhara Badiani, analyst at Canadean.
The rising populace of Brazil, China and India, with more money to spend, buys more processed foods including cheese.
“Pizza, pasta and sandwiches have become more popular in many emerging markets in recent years,” says Badiani.
Simultaneously, modern retail stores and fast food chains are driving retail and on-trade sales of cheese.
“Hypermarkets and supermarkets are the leading retail channels for cheese, offering a wide range including multi-brand, private label and specialty products,” Badiani argues.
The report also finds the Brazilian cheese market one of fastest growing globally. Brazilians ate on average only 3.4kg in 2009, but per capita consumption rose to 5.4kg in 2014 and is expected to reach 8.6kg in 2019.
Brazil, the world’s fifth-largest cheese market by volume, is expected to be third in 2019. This means in five years, or less, Brazilians’ cheese consumption will match that of the French (1.8b kg).
Following recent storms in the region, the 69th edition of the Tour of Southland cycling event has been postponed.
A function at Parliament on 7th October brought together central government decision-makers, MPs, industry stakeholders and commercial partners to highlight the need for strategic investment in the future of Fieldays and its home, the Mystery Creek Events Centre campus.
The Government's revised 2050 biogenic methane target range of 14-24% by 2050 is being welcomed by dairy farmers.
An increasing number of students are doing agricultural and horticultural degrees at Massey University by distance learning.
ANZ New Zealand is encouraging farmers and businesses impacted by the recent extreme weather that hit Southland and South Otago last week to seek support if they need it.
When Professor Pierre Venter takes up his new role as vice chancellor at Massey University next February it will just be a matter of taking a few steps across the road to get to his new office at the Palmerston North Campus.
OPINION: Has the horse or horses bolted in parliament?
OPINION: A short-term sugar hit. That's what NZ First leader Winston Peters is calling the proposed sale of Fonterra's consumer…