Adulteration Found In 18% Of The 38 Samples Of Australian Honey

  • Oct 04, 2018 AEST
  • Team Kalkine
Adulteration Found In 18% Of The 38 Samples Of Australian Honey

Australia is the world’s fourth-largest exporter of honey and honey is the world’s third-most adulterated food. The recent study by Macquarie University scientists revealed that adulteration was found in almost one in five samples of local honey. The 18 % of 38 samples of Australian honey bought at supermarkets and markets were found to be adulterated. The study was published in the scientific reports general on 2 October 2018 and according to the study the mislabeling of geographic origin, addition of corn syrup or cane sugar are common fraudulent practices in honey markets.

Last month a German lab also found adulteration in various imported honey products which includes Capilano Honey Limited’s (ASX: CZZ) Allowrie branded honey and other private brand products. The German lab has used a testing method called Nuclear Magnetic Resonance (NMR), however on the other hand Australian honey industry is using C3 and C4 Sugar test which is also used by the Federal Agricultural department to test the purity of the honey. It is possible that the federal government may use NMR test for testing and Capilano Honey Limited has offered help for developing an NMR facility.

Capilano Honey Limited is the Australia’s largest producer of honey and it has rejected the findings of the Macquarie University Study and it is concerned that the samples which are tested in the study are not providing a true representation of the volume of honey produced by the Australian honey industry. The company has contacted many experts to assess the truth of the reported research.   

It is expected that Australian Competition and Consumer Commission (ACCC) will expand their investigation to find if the companies have breached any Australian consumer law and misled the consumers about what is in their products. Australia Honey Bee Industry Council (AHBIC) issued a statement stating that they will investigate the findings of the research and it will meet the industry after the report is available to discuss and it has agreed to take actions for ensuring the high quality of Australian honey production. It will also decide whether any additional beekeeper training on good beekeeping practices is required or not.

Capilano Honey Limited’s (ASX: CZZ) share price decreased by 1.167% and traded at $20.330 as on 4 October 2018 (AEST 3:45 PM).

Dividend Stocks To Buy

The Income available from dividends remains attractive for many investors.

We take a look at the best yields on the market and assess what they say about a company’s prospect.

One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkine’s team of analysts bought you handpicked report for “Top 25 Dividend Stocks For 2018.”

ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio.

Click here to get your free report.


Disclaimer

The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkinemedia.com and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.

 

All pictures are copyright to their respective owner(s).Kalkinemedia.com does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.

 

There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

CLICK HERE FOR YOUR FREE REPORT!
   
x
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK