Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Flour Producer Gets Grant for Nutrition Focussed Products

For Immediate Release
4 June 2014

Flour Producer Gets Grant to Develop Nutrition Focussed Products

Farmers Mill is the first independent grower-owned and operated flour producer in the country to receive funding from the Agricultural and Marketing Research and Development Trust (AGMARDT), for the specific development of nutrition focussed flour and baking products.

Farmers Mill, which has partnered with Lincoln University and the Food Innovation Network, will receive support from Agmardt aimed at exploring market opportunities and encouraging innovative ideas within the agribusiness sector.

The grant will assist with in-market development of a nutritional product range using specific grain and flour based products. The project is expected to deliver flours and pre-mixes which have a low score on the glycaemic index (GI). It is well established that low GI foods can keep blood sugar levels steady and even help metabolise fat more efficiently.

The programme represents an investment by Farmers Mill of over $200,000 in the coming 12 months with total development costs expected to exceed $300,000.

Charles Brennan, Professor of Food Science at Lincoln University, says the research to be conducted at Lincoln utilises the University’s knowledge in food innovation and human nutrition.

“This pioneering project will demonstrate how we can utilise science to help trim the waistlines of New Zealanders," he says.

CEO of Farmers Mill, Grant Bunting, says the investment is consistent with the Mill’s philosophy and commitment to New Zealand grown grain and uniquely customised, flour based products.

“We are excited to be working in partnership with Lincoln University to analyse what refinements and improvements can be made to our milled grain to produce a healthy, great tasting product range. We are not prepared to comprise on quality and we are keen to ensure these innovative developments keep Farmers Mill products at the forefront of the industry for many years to come,” he says.

The New Zealand Nutrition Foundation’s dietitian, Sarah Hanrahan, said the Farmers Mill project is a commendable development in light of current trends and consumer needs.

“Grains and grain based foods are important in the diet of most New Zealanders so we definitely welcome any advances to improve the healthfulness of this valued food group in our everyday diet,” she said.

Earlier this year Farmers Mill launched a range of flour based products and premixes and announced the company’s strategic relationship with French multinational yeast supplier, Lesaffre.

Notes

ABOUT FARMERS MILL
Farmers Mill Limited is a manufacturer and marketer of flour and speciality grains grown in the South Island and milled in Timaru. Owned by 12 South Island farmers, Farmers Mill is the only independent grower-owned and operated flour producer in the country, enabling manufacturers to pass on the promise to customers of being New Zealand made. The mill uses advanced equipment to manufacture the best flour in a highly competitive market.

AGMARDT
Since 1987 Agmardt has provided over $60m of funding that has encouraged innovative ideas, fostered research capability and developed emerging leaders in the agricultural, horticultural and forestry sectors of New Zealand. Each year, AGMARDT invests around $2.7million into developing capacity and capability within the agribusiness sector. It is an independent, not-for-profit organisation with a proven track record of making targeted investments that aim to make a positive contribution to the agricultural, horticultural and forestry sectors.

THE FOOD INNOVATION NETWORK
The Food Innovation Network was established to aid firms in the Food and Beverage industry to grow and export. The Network assists through linking firms to the skills they need to successfully complete their growth plans. The skills can come internally from within the Network or more commonly by knowing where to find them amongst Government and Regional Agencies, Research & Development Providers and Industry Suppliers.

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Finance: Major Campaign To End "Gross Overtaxation Of Savings"

The campaign – which includes a special web site through which New Zealanders can e-mail their own and other MPs and party leaders – is backed by Age Concern, Consumer NZ, the Financial Services Council and the Taxpayers’ Union. More>>

ALSO:

Scoop Business: Leighton-Led WGP To Build, Manage Transmission Gully

The Wellington Gateway Partnership, led by a unit of ASX-listed Leighton Holdings, has won the $1 billion contract to build the Transmission Gully road north of Wellington. More>>

ALSO:

Gareth Morgan: The Government’s Fresh Water Policy – Revisited

Fresh water quality is the latest area to be in the sights of Gareth Morgan and his research organisation The Morgan Foundation... They found that the fresh water policy was a bit murkier than the Environment Minister let on. More>>

ALSO:

Interest Rates: RBNZ Hikes OCR To 3.5%, ‘Period Of Assessment’ Now Needed

Reserve Bank governor Graeme Wheeler raised the official cash rate as expected, while signalling a pause in rate hikes to assess the impact of moves so far this year. The kiwi dollar sank after Wheeler said its strength was “unjustified” and that the currency could have “a significant fall.” More>>

ALSO:

Fonterra: Canpac Site 'Resize' To Focus More On Paediatrics

Fonterra is looking at realigning its packing operations at Canpac, in the Waikato, to focus more on paediatric nutritionals... The proposed changes could mean around 110 roles may not be required at the site which currently employs 330. More>>

ALSO:

Scoop Business: Postie Plus Brand Gets 2nd Chance With Well-Funded Pepkor

The Postie Plus brand is getting a new lease of life after South Africa’s Pepkor bought the failed retailer’s assets out of administration and said it will use its purchasing power to reduce costs of stock and fatten margins. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news