China’s authorities need use all their resources to monitor the food market more closely and impose harsher penalties if the country is to bounce back from a spate of food crises, according to its premier, Li Keqiang, earlier this week.
The food industry claimed little to cheer after this week’s Federal Budget. Despite the government’s statement coinciding with the first time the Aussie dollar has dropped below parity with the Greenback for a month shy of a year, and indications that a forecast trade deficit over the next two years...
Despite runaway spirits growth in Asia, 20% of global brands do not have a Chinese website, and mobile sites tend to lack investment, but Hennessey and Johnnie Walker are strong in key markets.
Singapore-based Petra Foods has reported first quarter profit gains in its branded consumer division driven by rising chocolate consumption in markets such as Indonesia and the Philippines and improved margins by introducing more premium products.
Two of flamboyant Indian drinks tycoon Vijay Mallya’s businesses have been issued show-cause-cum-demand notices by the Directorate General of Central Excise Intelligence for allegedly evading service tax of Rs91 crore (US$16.7m)
With local brands the mainstay of the market, new market research has found the consumption of energy drinks in Australia and New Zealand has quadrupled over the last 10 years.
Chinese-controlled New Zealand dairy processing company Synlait Milk is considering a public listing of its shares on the NZX New Zealand main-board stock exchange.
Chocolate is a strong carrier for probiotics and could present an opportunity for brand manufacturers to introduce products to improve gut health, according to supplier DuPont.
Diageo technical director Luca Lupini believes confectionery flavored spirits are an ‘amazing opportunity’ for the firm, and insists the sub-category brings out the best in its R&D team.
A survey of more than 5,000 users of a leading online food ordering service shows that 88% buy lunch at least once a week and a quarter buy lunch every day.
The NutraIngredients team is reporting live from the key industry event all week. We will be sharing YOUR social media posts, news, pictures and videos with the #vfe13 and #vitafoods hashtag... get sharing!