PLAY PKN: Video Bulletin 18 October

In the news: Mountain Blue, Eureka, Opal, Coles, Jet Technologies, Lifecycles, Waterdrop, Unilever, Sonoco, Nestle, Tetra Pak.

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Food & Drink Business

One of Australia’s leading lights in advocating for and advancing the fresh produce industry, Michael Simonetta, is retiring as CEO of Perfection Fresh. He will step down on 30 June with Rod Quin appointed his successor. Perfection Fresh chair, Dave Chen, said it was Simonetta’s “visionary leadership” that shaped the company into what it is today.

Premium spirits producer, Sydney Rum Distillery (SRD), is moving operations out of the city and into Muswellbrook’s old Oak milk factory, aiming to capitalise on the growing international recognition of quality Australian distilled spirits.

The latest survey results from AUSVEG have again shown a third of vegetable growers are considering leaving the industry within the next year, driven by an ongoing cost-of-production crisis and lack of farm profitability.