Fonterra, Saputo and Bega in top earning list

Riverina-based rice processor, Sunrice, came in at 22 on the list.

The top 100 list reflects financial reporting from calendar year 2021 and financial year 2021-22.

The New Zealand dairy company, Fonterra Co-operative, came in at number one.

Saputo Dairy Australia, which is undergoing rationalisation of its sites, was number six on the list.

Food and Drink Business magazine reported that almost a quarter of the top 100 recorded double digit revenue growth.

Meat processor Frew Foods topped the revenue growth, recording a 129.51 per cent jump. Arnott’s rose 57.35 per cent and Bega 38.89 per cent.

The salmon processors fared well, with Tassal rising 36.68 per cent, moving 12 places to number 30.