Burger Fuel stocks are on an upswing today The stock ended 3.2% up after rising 8.6% in early trade BFG has several plans for the future amid economic uncertainty
ANZ Business Outlook showed recovery in business confidence in August but inflation pressures remain.
KMD Brands has today released its FY22 results, delivering a strong performance. It will pay a final dividend on 25 November.
Operating the food sector, My Food Bag Group has announced the resignation of its Chief Executive Officer, Kevin Bowler, who would down from his position next month. It has also shared its current trading update and is experiencing a slower start in FY23.
Global dairy prices rise in the global dairy auction The price of whole milk powder was up 5.1% Prices of butter, cheese and skim milk also rose in the auction
Apart from the rising food costs, NZ food companies are battling issues like supply constraints, extremely tight labour market, etc. Meanwhile, MFB, BFG, and PGW are some of the well-known NZX-listed food stocks.
New Zealand houses some of the globally acclaimed consumer stocks like RBD, ATM, MWE, KMD, FCG, WHS, and MFB, which are known for supplying top-quality products to their customers.
Overseas visitor arrivals in New Zealand were high in July 2022 as border relaxations coincided with the Australian school holidays. Auckland International Airport, Serko, and Tourism Holdings are some of the well-known NZX-listed tourism stocks.
Global dairy prices rose in the GDT on 7 September The price of whole milk powder, which influences the payout to farmers, was up 5.1% Prices of butter, cheddar and skim milk powder also increased in the GDT
La Nina, a colder climate pattern, will hit New Zealand third time in a row next year. This will give rise to extreme weather conditions, which might lead to a further rise in food prices. Meanwhile, MFB, CVT, and MWE are well-known NZX F&B stocks.