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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.

News in brief

Indian brewers: Lowering beer tax would do ‘immense good to society’

Over 90% of all alcohol consumed in India is in the spirits category, according to a survey by the All India Brewers Association which also found beer languishing at 7%...

Asian noodles hold promise, but consumer education is needed, Packaged Facts says

Despite hitting spot-on several major trends driving food sales today, Asian noodles are struggling to gain traction in the US because many consumers are unaware of, daunted by or have...

Japan lifts ban on Danish beef imports

Japan has ended its 15-year ban on the imports of Danish beef after long-running mad cow disease fears were addressed by European politicians.

Halal market expected to witness 10.8% annual growth until 2019

Worldwide spending on halal food and lifestyle products could rise 10.8% per year until 2019 and will create an international industry worth US$3.7tr, according to the latest Global Islamic Economy Report.

APAC opportunity: The trends set to drive Asia-Pacific bakery market growth

Rapid urbanization and rising demand for convenient and gluten-free foods foods has been tipped to drive more than $3bn growth in the Asia-Pacific (APAC) bread and rolls market over the...

More sickened from Tripod Farmers salad

The number of Salmonella cases linked to pre-packed mixed salad products in Australia from Tripod Farmers Pty has risen to more than 60.

Report: Changing tastes and online sales drive Apac fresh-food growth

Fresh food consumption in Asia-Pacific will increase to over 1.4bn tonnes by 2019, according to a study by Technavio as improving technology drives sales from online channels.

Red meat sector welcomes TPP Agreement signing

The signing of the Trans-Pacific Partnership (TPP) Agreement in New Zealand has been dubbed “a significant step towards reducing the amount of tariff and non-tariff barriers on red meat exports”...

Nestlé debuts alcohol-inspired sake KitKat in Japan

Nestlé Japan has added Nihon-shu, aka Japanese sake, to its KitKat regional flavor line.

Sweet-toothed Aussie youngsters build platform for chocolate spreads

While nowhere near as popular as salty spreads like Vegemite and peanut butter, or as widely consumed as honey or jam, chocolate and hazelnut spreads have gained a definite cult...

News in brief

Australian retail growth continues despite tough economic headwinds

Australian retail trade growth is expected to increase by 4.3% in the first quarter of 2016, following a solid Christmas trading period.

News in brief

Commodity snapshot: More acreage, wet weather drive sesame prices down

Sesame seed prices in India, the world’s major producer and exporter, have declined significantly over the last year by over one-third due to increased production and a reduction in demand. ...

Premium brands could boost profits in China’s high-volume beer market

China’s high-volume, low-profit beer market is set to be transformed, with increased “premiumisation” providing opportunities for imported and licensed foreign beer brands, says Rabobank.

REPORTS FROM THE 2016 IDFA DAIRY FORUM

Globalization and adaptation: The future of dairy cooperatives

Globalization, information and innovation will be essential components for dairy cooperatives over the next decade, industry executives said at the 2016 IDFA Dairy Forum.

Dateline Southeast Asia

Gaining a picture of Vietnam’s tastes through its new product launches

Vietnam is in the midst of near-10% annual growth in overall food sales, according to Innova research, which names rising affluence and an ongoing expansion of the country’s mass grocery...

Fonterra cuts forecast milk price

Fonterra Co-operative Group Limited has reduced its forecast Farmgate Milk Price for the 2015/16 season from $2.97 (NZ$4.60) per kgMS to $2.68 (NZ$4.15) per kgMS.

News in brief

China’s economic slowdown will ‘impact’ EU pork exports

China’s economy has shown signs of decline and the shrinking rate of growth means the EU may not be able to export the same volume of pork to China as...

News in brief

Thai skipjack prices expected to continue drop due to EU quota

Thai skipjack tuna prices fell in December to their lowest level since 2009 due to an expected increase in catches following the end of a ban on fishing aggregating devices...

EU pig market propped up by China

Europe’s beleaguered pig meat market has seen prices fall to its lowest level in a decade, but the sector has capitalised on exports to China, claims AHDB Pork’s market trends...

South Asia radius

Indian food retail market predicted to more than double in five years

Growth in India’s retail food market will be so significant for the remainder of this decade that it will “make a difference to the economic health of the country”, according...

News in brief

Iran market opening up to dairy imports and exports

Since the recent lifting of sanctions on Iran, companies are starting to see the country as a potential destination for exporting a variety of items, including dairy.

News in brief

Fruzio: ‘We know that we have to rebuild your trust in the brand’

Fruzio Mixed Berries implicated in five cases of Hepatitis A are back on sale after product testing failed to find the virus.

Asia to drive global packaging growth to $1bn, study predicts

Packaging’s importance has been increasing in emerging markets, with Asia’s new influence predicted to drive the segment’s value to almost US$1bn by 2020, according to a new industry report....

News in brief

Palm oil update: Production expected to slow due to poor weather

Indonesia exported 21m tonnes of palm oil in 2014, a figure that is expected to increase to 21.6m tonnes in 2015, according to a new study by Research & Markets. 

Australia

Sugar-awareness likely behind drop in popularity of flavoured yoghurts

Flavoured yoghurts have been witnessing a downward slide over the last few years in Australia, while plain varieties have seen a general upswing, according to new market research.

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