Infant formula makers back new labelling standard
Manufacturers of infant formula are largely supportive of a proposed new domestic labelling standard for their products.
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.
Whole milk powder prices on Global Dairy Trade (GDT) remains above long run averages and a $10/kgMS milk price for the season remains on the card, says ASB senior economist Chris Tennent-Brown.
North Canterbury dairy farmer and recently elected deputy chair of DairyNZ, Cameron Henderson is not afraid to break the mould when it comes to finding farming systems that work for him.
Former Fonterra director Marise James says the future of the dairy industry depends upon the direction of travel with respect to climate change.
Marise James describes her 38-year career as a rural and farmer advisor as one that has ridden the waves of many changes.
Farmers are calling for Kiwi banks and their overseas parent companies need to follow the lead of America's six biggest banks and urgently withdraw from the Net Zero Banking Alliance.
Dairy farmers are faring well despite data showing above average temperatures for most of the country.
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