Food Industry News: Mar 2 - Australia (5 stories)

Monday, 2 Mar 2026 Daily Food & Beverage Australia

Here is your Daily summary for Food & Beverage across Australia for Mon 2nd March 2026

Diageo's shares dropped 6% following a dividend cut and a grim outlook due to declining U.S. spirits sales, highlighting challenges in the premium alcohol market. Meanwhile, SunOpta's stock surged 63% after a favorable valuation signal, indicating strong investor confidence in its growth potential. In the Riverland region, Sue Heward's Singing Magpie business is gaining attention for its premium sun-dried fruits, showcasing local produce on a global stage. Additionally, Keurig Dr Pepper reported an impressive 11.9% sales growth in its refreshment beverages segment, underscoring a robust demand for its popular brands.

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