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Export volumes for the first quarter were at the lowest level seen in the past decade, excluding the Covid-19 pandemic, the FDF said.
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The maximum penalty for every violation will be determined by the greatest of $10m, three times the benefit gained, or 10% of annual turnover.
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The move responds to “evolving market conditions”, a Kepak spokesperson told Just Food.
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The country’s regulator has approved a venture that will manufacture convenience products.
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“We are just weeks away from implementation, yet key questions remain unanswered,” the DG of trade body EuroCommerce said.
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Itoham said the deal is valued at around NZ$800m ($450.8m) for a business that generated NZ$615m in sales revenue in the year through September 2024.
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Heather Hoytink will join the US-based confectionery and salty snacks group in July.
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Made Group in Australia, Huel in UK and US-based Kate Farms – where might be next?
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