Subscribe free to our newsletters via your
. Farming News .




FARM NEWS
Australia to tighten food labelling laws after China scare
by Staff Writers
Sydney (AFP) Feb 26, 2015


Shareholders support Asian bid for Australian food group
Sydney (AFP) Feb 26, 2015 - Shareholders of Australian food group Goodman Fielder on Thursday voted overwhelmingly in support of an Aus$1.34 billion (US$1.05 bn) takeover bid by an Asian consortium, the company said.

Some 99.61 percent of votes cast by 80.24 percent of shareholders were in favour of the deal with Singapore-based agribusiness Wilmar International and Hong Kong investment manager First Pacific Company.

"While in one respect it will be sad to see the company change from public shareholding to private ownership, I also think it is important to recognise the significant opportunity that can come from this change," Goodman Fielder's chairman Steve Gregg said.

"Wilmar's scale and distribution networks, together with First Pacific's experience and both parties' financial resources, will provide meaningful scale to Goodman Fielder's existing operations and allow the company to grow its presence further in the Asia Pacific region."

The offer of 67.5 cents a share -- first announced in July -- has already been approved by the Chinese Ministry of Commerce's anti-monopoly bureau, Australia's foreign investment watchdog and the Australian Competition and Consumer Commission.

The firm, listed in Australia and New Zealand, is waiting to get the green light from New Zealand's Overseas Investment Office.

A Federal Court of Australia hearing to approve the bid will take place on March 2, with Goodman Fielder expected to stop trading in Australia and New Zealand the following day, the food manufacturer said in a statement.

The group's leading brands include Helga's and Wonder White bread and MeadowLea margarine, and earlier this month it reported a net profit of Aus$28.6 million in the six months to December 31, an improvement on the loss of Aus$64.8 million in the previous corresponding period.

Australia is set to strengthen food labelling laws after a series of hepatitis A infections were linked to frozen berries from China, Prime Minister Tony Abbott said Thursday.

Nanna's and Creative Gourmet brand raspberries and mixed berries were recalled after being linked to some 19 hepatitis A cases across the country this month, with poor hygiene or contaminated water at their packing factory thought to be responsible.

"With imported food in particular, people want to know more about where their food, where their products, are coming from," Abbott said, after pressure from consumer groups and farmers to make the process more transparent.

"We want to do this in a way which is as cost effective as possible. We don't want to add needlessly to the burdens of business but we also do want to ensure that consumers get the information that they need and the public is protected."

Abbott said his agriculture and industry ministers would submit a proposal to cabinet by late March on how new country-of-origin labelling would work.

The proposals include a graphic on packaging that includes the words "this product is made in Australia from", displaying the percentage that comes from Australia, Industry Minister Ian Macfarlane said.

Currently, products from local and imported ingredients do not give a breakdown of how much comes from each country.

The recalled products were packed in China and contained raspberries, strawberries and blackberries grown there, and blueberries from Chile.

Hepatitis A is a viral disease that affects the liver, causing abdominal pain, nausea, vomiting, fatigue and jaundice. It has an incubation period of up to 50 days.

The announcement came as a food scare involving tuna reportedly imported from Thailand hit a central Sydney cafe with four people suspected to be suffering scombroid fish poisoning after eating at the outlet.

Symptoms include severe headache, rapid heartbeat, stomach cramps, nausea, abdominal pain and sometimes diarrhoea.

Officials said the fish may not have been properly stored, with the New South Wales state food authority investigating.

Separately from the government, national MP Bob Katter and senator Nick Xenophon on Thursday introduced legislation for new food labelling rules that would include warnings on products not grown or processed in the country.

Australian Competition and Consumer Commission chief Rob Sims told reporters he would "strongly support anything that gives more transparency so that consumers have a better idea what they're buying".


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
Farming Today - Suppliers and Technology






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








FARM NEWS
Regulating genome-edited crops that aren't GMOs
Sapporo, Japan (SPX) Feb 26, 2015
A survey of rice, wheat, barley, fruit, and vegetable crops found that most mutants created by advanced genetic engineering techniques may be out of the scope of current genetically modified organism (GMO) regulations. In a review of these findings, published in the February 25 issue of the Cell Press journal Trends in Plant Science, two bioethicists from Hokkaido University propose new re ... read more


FARM NEWS
NASA releases first precipitation map from GPM mission

MMS ready for launch to study Earth's magnetic environment

New NASA Earth Missions Expand View of Home Planet

Via laser into the past of the oceans

FARM NEWS
Tehran keeps tighter leash on strays with GPS collars

China, Russia strengthen satellite navigation cooperation

India Interested in Russia's Glonass Satellite Navigation System

Latest Galileo satellites reach launch site

FARM NEWS
Massive amounts of Saharan dust fertilize the Amazon rainforest

Modern logging techniques benefit rainforest wildlife

World's protected natural areas receive 8 billion visits a year

Brazil arrests 'Amazon's biggest deforester'

FARM NEWS
Novel pretreatment could cut biofuel costs by 30 percent or more

New catalyst to create chemical building blocks from biomass

Electricity from biomass could make western US carbon-negative

Second Generation Biofuels Market is Expected to Reach $23.9 Billion

FARM NEWS
Researchers enable solar cells to use more sunlight

Using 'fuzzy logic' to optimize hybrid solar/battery systems

Learning by eye: Silicon micro-funnels increase the efficiency of solar cells

Magnetic nanoparticles enhance performance of solar cells

FARM NEWS
Wind energy: TUV Rheinland supervises Senvion sale

Bright spot for wind farms amid RET gloom

Allianz acquire OX2 wind farm in northern Sweden

No surprises for wind industry in NHMRC report

FARM NEWS
China utilizing coal mine emissions for power

FARM NEWS
China official jailed for 17 years over jade bribes

China removes 'thoughts' from terror definition: reports

Hong Kong police arrest 33 after anti-mainland march

Lithium from the coal in China




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.