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Markets

Whether serving the food and drink needs of consumers or sourcing ingredients and raw materials, success in the food industry depends on keeping abreast of the latest market trends in the Asia Pacific region.

Quality quest: China interested in ‘clean’ aspect of Australian feed barley

China is showing increased interest in Australian feed barley as buyers seek out clean, disease-free grains, according to an industry expert.

Could fortified beer and lassi tap into Asia’s soaring protein demand?

Asia’s demand for protein is soaring, but is the Indian market ready for protein-fortified beers and lassi? 

Thailand: chicken sector to boost standards following abuse claims

Two government departments in Thailand alongside the Thai Broilers Processing Exporters Association (TBA) will improve conditions in the chicken industry, following claims of modern-day slavery.

Guest article

Strong growth prospects in Asia’s snack stick market, says Euromonitor

Snack sticks are enjoying a surge in Asia as new entrants enter the category with smaller pack sizes and innovative flavors, writes Euromontior analyst Emil Fazira Bte Kamari.

Official hails Indonesia’s F&B industry as ‘strongest in Asean’

A senior Indonesian official has proclaimed his country’s food and beverage industry as the strongest competition in the burgeoning Asean Economic Community.

Fodder trends: drop in Australian cattle in feedlots

The number of slaughter cows across Australia on feed has fallen year-on-year, according to a feedlot survey by Meat & Livestock Australia (MLA). 

Dateline Southeast Asia

Philippines grocery retail market ‘stands out in Asia’

Backed by solid economic growth, increasing incomes and strong domestic demand, the Philippines stands out as one of the top burgeoning retail markets in Asia.

Africa and Asia set to become UK’s biggest suppliers in wake of Brexit

Africa and Asia could take the EU’s place as exporters of fruit and veg for the UK following Brexit, retailers say.

US beef growing in Japan

US beef exporters continue to gain market share as they battle with Australia for dominance in Japan, despite the favourable tariffs enjoyed by Australia’s producers, according to trade data.

Veggie mates: Australia sees slow but steady rise in vegetarians

Between 2012 and 2016, the number of Australian vegetarians grew from 1.7m to comfortably break the 2m barrier, with New South Wales leading the way for those moving away from meat.

Commission releases draft report on Fonterra’s base milk price calculation

New Zealand’s Commerce Commission has released its draft report on Fonterra’s base milk price calculation for the 2015-16 dairy season.

India

Vegetable prices soar as wholesale-retail price gap reaches 80%

Limited distribution of commodity vegetables has translated to substantial price rises, with no improvement in sight, according to an Assocham study.

Wheat, feed wheat exports from the US to continue after GMO scare for Korea, Japan

Wheat exports to Korea have resumed after testing confirmed an absence of biotech wheat in supplies from the US.

Chinese boom and Mexican gloom for US pork

Exports of American pork enjoyed solid growth in the last 12 months, but business with Mexico, a key US pig meat market, continued to wane.

China

Demand for plant-protein drinks spurs boom for healthy sweeteners

After a golden decade for China’s beverage industry came to a close in 2012 —a period during which it saw consistent 20% growth—just one mainstream drinks segment currently stands out,...

Australia set for cheap super yield in wheat: ‘It’s the perfect time for feed makers’

Australia is braced for its second largest wheat crop on record, which should garner interest from feed makers given the low price tags this season, an expert says.

China and Argentina agree landmark beef deal

Argentina is celebrating the renewal of a beef deal with China, despite a crackdown on antibiotics contamination which saw a large shipment of its meat destroyed by China.

News in brief

Indonesia sees spike in foreign F&B industry investment

Foreign investment in Indonesia's processed food and beverage industry is expected to have topped US$1bn in the first half of this year, marking a substantial improvement over a difficult 2015,...

Danish farmers benefit from booming Chinese demand

A drop in Chinese pork production, generating more demand for pigmeat imports, is a boon for Danish pork farmers who are ready to double exports to China.

News in brief

Market update: Oz cattle prices at a six-year high following drought

July has seen Australian cattle prices increase 29% year on year to reach a six-year high, driven by tight cattle supplies. 

Australian wine and crackers buyers buck decline in cheese sales

Cheese sales may be gradually declining in Australia, but market research suggests that certain consumers remain devoted to local brands.

News in brief

Commodity update: Indian pepper prices continue to surge

Indian pepper prices have surged in recent months, up 13% since the beginning of February and 7% since the start of the year. 

Fonterra predicts reduction in milk collection

Fonterra Co-operative Group Limited says there is no change to its forecast farmgate milk price, and that less milk is being produced globally.

China

Supply restrictions cause sucralose prices to spike

Chinese sucralose prices have been rising sharply this year due to supply restrictions. According to Mintec, the commodities analyst, they increased 47% month on month in June, and 56% from...

Russia eyes sausage trade with China and Japan

Russia is looking to export sausages and processed meat products to Japan, South Korea and China, according to the Meat Processors Association of the Far East. 

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