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two of australia’s largest fast food chains, mcdonald’s and hungry jack’s, will not be following kfc’s lead by removing toys from their children’s meals. both told australian food news that they will continue to provide toys with their children’s meals. mcdonald’s australia’s skye oxenham said, “we don’t have any plans to remove our toys. mcdonalds australia has already done a lot in terms of introducing healtheir options to happy meals.

australia’s largest supermarket chain, woolworths limited, today reported an increase in net profits after tax (npat) of 5.1% for the year ending 26 june 2011. woolworths’ outgoing ceo michael luscombe anticipated trading over the next year to be “subdued”, due to falling consumer confidence. commenting on the company’s full-year results, published today, woolworths ceo michael luscombe claimed the company’s profit increase to be a “sound result” given the “particularly challenging” retail environment in australia over the past year.

the australian food and grocery council (afgc) has applauded the decision by the federal government to oppose the food standards amendment (truth in labelling palm oil) bill 2011. the afgc is now urging the coalition to follow suit. tabled into the australian parliament as a private member’s bill by independent senator nick xenophon, the legislation was rejected by a senate committee in july, but passed by the australian federal senate through an alliance between independent senator nick xenophon, the greens and the coalition.

cargill’s drive to secure a good quality and sustainable supply of cocoa beans is filtering down to famers in cote d\'ivoire as it has just made premium payments totalling more than us $2.2m. the cash boost is the second of its annual sustainable certified cocoa premiums that are being made to 26,500 farmers across 21 cooperatives in cote d\'ivoire. it was made for the delivery of 20,000 tonnes of utz certified and rainforest alliance cocoa between october 2010 and may 2011.

in its latest move to fend off a takeover bid by multinational brewer sabmiller, australian brewing giant foster’s group limited plans to return a$500 million to its shareholders through a share buyback or capital reduction. as well as announcing the buyback bid, foster’s today released its full year results which show an 8.7 per cent fall in profit and a net loss of a$89 million for the year to june 30 2011.

the coca-cola company and its chinese bottling partners today announced a new investment of us$4 billion over the next three years, commencing 2012. by the end of 2011, coca-cola and its china bottling partners swire beverages ltd. and cofco coca-cola beverage co. ltd. will have invested more than $3 billion in china over the last three years, bringing the total investment to $7 billion between 2009 and 2014 in the largest and fastest-growing consumer market in the world.

as demand for natural foods grows, industry has begun to look to exotic plants as a source of alternative, natural, ingredients. but how can we identify and source the right botanical compounds. professor monique simmonds, from the royal botanical gardens at kew, uk, explains that identifying a natural botanical source for your ingredients, though a big challenge, is only half of the battle in producing foods from exotic plants.

vitafoods asia trade expo will open its doors for the first time in hong kong to an expectant region in coming days – a culmination of more than two years work by the organisers of the show that has its foundation in europe. director of both events, chris lee, told shane starling why the organisers were so pleased to have attracted a multinational and intra-regional throng of more than 100 exhibitors and 2000 visitors so far, with registrations open until the show ends on september 9.

woolworths limited has recruited the current ceo of tesco malaysia as its new director of australian supermarkets and petrol. tjeerd jegen, 40, has held store operations, commercial, marketing and general management roles with three leading international retailers in seven countries. he was chief operating officer for tesco thailand before his appointment as ceo in malaysia, in early 2010. woolworths limited deputy ceo grant o’brien said, “whilst an external appointment might be viewed as an unusual one for woolworths, tjeerd is an exceptional retailer capable of adding significant value.