The overseas investment and management platform for the agribusinesses of Cofco, China’s biggest food company, will acquire the remaining 49% stake in Nidera Capital to assume full ownership.
Sales at Chinese infant nutrition firm Biostime dropped by 14% in the first half of 2016 to RMB1.46bn (US$220m), with the Biostime brand – which accounts for 86% of the company’s sales – down 5.4% and the value brand Adimil down 65.7%.
The food industry has hit out at claims in a leading journal that New Zealand’s childhood obesity plan was flawed and that the government valued corporate profit over public good.
An AUD$9m (US$6.9m) project to boost the potential for algae in the nutrition, supplement and bio-industry has been launched in New South Wales.
Bangladesh is mulling controls over foreign investors in the country’s growing poultry industry after local rivals said they fear being swallowed by overseas companies.
Companies exporting dairy to Jordan will be forced to cut all partially hydrogenated oils or face a ban on business as the country becomes the latest to bar their use.
Investigations into the health of pigs exported from Jiangxi are underway after Chinese authorities blocked trade following a warning from Hong Kong’s Food and Environmental Hygiene Department (FEHD).
China is showing increased interest in Australian feed barley as buyers seek out clean, disease-free grains, according to an industry expert.
The University of Adelaide and Agilent Technologies Australia Pty have partnered on the analysis of complex carbohydrates (‘glycans’).