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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.

Dateline Southeast Asia

Quality trumps price for time-poor urban Thai consumers

The quality of a product is more important to Thai consumers than its price, according to Mintel research.

This week Down Under

Food industry now accounts for a third of all Australian manufacturing

Australia’s A$126bn (US%96bn) food, beverage and grocery sectors’ value to Australian manufacturing has increased by nearly a third over the seven years to 2015.

EU and China collaborate to combat food fraud

More than 30 partners are part of a project to tackle food safety and authenticity across Europe and China.

Far East spotlight

Eight in 10 Korean food firms raise prices—as manufacturing costs drop

Eighty per cent of food and beverage companies have increased their consumer prices in the last six months, even though production costs for manufacturers have dropped over the same period.

New China newsletter launched by NutraIngredients-Asia...sign up for free!

NutraIngredients-Asia had launched a new China email newsletter to shine the spotlight on one of the most crucial nations for the industry's growth, with articles published in both Chinese and...

Australia’s golden grapes rebranded for traditional Koreans

Australian grapes are back in demand across Korea, after a joint rebranding and promotional campaign helped take the stigma out of the Thompson seedless grape’s unusual colour.

Saudi: Energy drinks prices double overnight

Prices of energy drinks have doubled in Saudi Arabia this week after a sin tax was introduced last Sunday. Health warnings have also arrived in stores and on cans.

US and China agree on beef that can go east

US beef sales to China could soon be reinstated now the US Department of Agriculture (USDA) has finalised trade rules covering traceability and types of meat eligible for export.

News in brief

Eggs suspected as Salmonella infections increase

There have been more than 700 Salmonella cases up to the end of April, according to the Western Australia Health Department.

New Zealand grape harvest smaller but ‘full of promise’

New Zealand’s 2017 grape harvest has been smaller than expected, down 9% on last year, according to New Zealand Winegrowers. However, wineries are positive about the vintage quality.

Can we learn to love cheese? It depends on the variety

Gorgonzola and Parmigiano-Reggiano won’t taste better no matter how many times you try them, according to a Korean study.

Probiota Asia: World-leading probiotics summit comes to Asia and calls for abstracts

NutraIngredients-Asia is delighted to announce that the first Asia edition of the global probiotics and prebiotics summit, Probiota, will be held in Singapore in October.

Entrepreneurs weigh in: As the US flavor trend landscape responds to globalization, just saying 'Asian' is not enough

Matcha, kimchi, and adobo are just a few among the popular flavors from Asia that one can easily stumble upon in US grocery stores and restaurants.

Mintel: 13% of Asia-Pacific product launches carry halal claim

With food accounting for nearly two-thirds of business in the global halal economy, there has been a flurry of new product activity in Asia-Pacific.

New Zealand meat farmers hit by high oil prices

Beef and lamb farmers in New Zealand have seen fuel prices rise by nearly 20% in the last 12 months, following a recovery in the value of international oil.

Frozen berries linked to Hepatitis A outbreak

A frozen mixed berry product has been recalled due to a link to four hepatitis A cases in Australia.

Aussies looking to Asia for greens as oriental veggie sales spike

Pak choi and tom bok have been spiking in popularity in Australia, according to a report that found sales of Asian vegetables had jumped by almost a quarter last year.

India’s cattle ban could ‘halt’ beef exports

The Indian government’s ban on the sale of cattle for slaughter is likely to have dramatic impact on its billion-dollar cattle export trade.

China’s reopening of live bird markets questioned

Local government authorities in China may not be fully aware of the potential threat posed by bird flu, after human infections of H7N9 were detected this month.

New oil palms promise highest crude palm oil yields in industry: GAR

A new variety of oil palm developed using traditional plant breeding techniques will increase crude palm oil yields by up to double current levels, says SMART Tbk, a subsidiary of...

News in brief

FSSAI and GFSP urge food safety investment in Asia

Public and private sectors across South Asia have signalled their intent to support increased investment in food safety.

Is dairy a hindrance and not a help for probiotics growth?

The vast majority of new product development for functional foods featuring probiotics “remains in the dairy space”, but this may be more of a hindrance than a help for the...

Fonterra optimistic as milk price increases

Fonterra Co-operative Group has increased its 2016/17 forecast Farmgate Milk Price to NZ$6.15 (US$4.31) per kgMS.

Australia

Reasons for buying free-range eggs: Assumptions turned upside-down

The decision to choose free-range is more likely to be based on a perception that the eggs are more nutritious than concern for the welfare of the chickens that laid...

This week Down Under

Will AmazonFresh disrupt Australia’s bricks-and-mortar market?

After months of industry speculation, American e-commerce giant Amazon has finally confirmed that it will expand into Australia. On arrival, its presence has the potential to shake up the Australian...

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