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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

Kiwi whole milk powder prices buoyed by reduced Chinese stocks

New Zealand whole milk powder prices increased by 7% in May over the corresponding period last year, driven by decreased supply and increased export demand from China. 

Feature

Cash in one’s chips: The humble potato’s new Asian markets

Potatoes: like dairy not the first global staple you think of when it comes to Asia, but that doesn’t mean to say that there isn’t a growing market for spud-based...

Marketing sustainable soy: 'Invisible but important' or loud and proud?

By the end of 2017 one third of soy imported into Europe will be certified, says the Roundtable on Responsible Soy, but will consumers know it?

China calls for lower meat consumption

Chinese people need to eat less red meat, a leading Chinese government health agency has recommended in a landmark review of the country’s eating habits.

News in brief

Chinese pork prices surpass five-year peak

Pork prices in China increased by 48% April over the same month last year, according to commodities analyst Mintec. 

Chinese consumers getting healthier as appetite for Western QSR drops

Chinese consumers appear to be falling out of love with Western fast food after a McKinsey & Company survey revealed a significant drop in customers between 2012 and 2015.

What will global beverage consumption look like in 2021? Region by region data

Unprecedented growth for Asia beverage market

Asia’s beverage market will experience unprecedented growth, taking two-thirds of global incremental consumption by 2021, according to figures from Canadean.

News in brief

Food safety focus for New Zealand research centre

The New Zealand Food Safety Science and Research Centre has been officially launched.

Bean sprout warning reinstated after Salmonella findings

South Australian health authorities have re-issued a warning on mung bean sprouts almost a month after saying they were safe to eat.

Iranian meat suppliers experience export problems to CIS

Despite hopes from Iranian meat exporters that they could increase supplies to the Commonwealth of Independent States (CIS), deliveries to the region, including most of the post-Soviet Union area, are...

Investor takes Cyanotech to task over astaxanthin supply

An investment firm that now owns almost 13% of the stock of Cyanotech is announcing an effort to push the company to speed up the process of bringing additional astaxanthin supply...

Palm oil spike drives continued rise food prices for April: FAO

The Food and Agriculture Organisation (FAO) has said global prices of key food staples rose for the third consecutive month in April, after four years of previous decline.

India

High temperatures cause lentil prices to double

Indian lentil prices have more than doubled over the last year, with reduced production volumes in the 2015-16 season contributing to a 117% year-on-year cost increase.

News in brief

Chinese scallop prices soar after EU lifts import ban

News that the European Union has ended a 19-year ban on imported Chinese scallops buoyed prices by 23% in April.

Fonterra seeing rise in demand for organic milk

Fonterra says increased demand in the marketplace for organic milk means prices are higher for farmers supplying it to the New Zealand cooperative.

Korea opens food trade office in UAE, aims for 10% growth

The Korean government is stepping up its food industry promotion in the Middle East with a new regional office and new initiatives, with the aim of growing food exports by...

Founding member AstaReal withdraws from NAXA

Founding member AstaReal has withdrawn from the Natural Algae Astaxanthin Association, while at the same time the association announced a new member, Chinese company Yunnan Alphy Biotech Company, Ltd.

Australian authorities trace Salmonella to SA factory

The source of Salmonella which has sickened more than 300 people in Australia has been traced to a factory in South Australia.

Crowdsourcing control: Don’t make it a free for all, warn researchers

With momentum building for crowdsourcing and funding as a platform for nutrition research, scientists warn that greater control may be needed to safeguard the quality and validity of such studies. ...

China’s pork imports booming

China’s pork imports more than doubled in March 2016 as environmental regulation slammed the brakes on domestic production for the country’s largest producers.

New York startup helps cooks bridge desire for Asian food & limited access to ingredients, techniques

Consumer demand for healthier foods that don’t sacrifice taste has led to a spike in interest in Asian cuisine, but so far home cooks have not embraced this trend fully...

How to shut down the illicit ginkgo trade

Research into the adulteration and poor manufacturing practices of ginkgo products has highlighted the need to reign in unregistered food supplements containing the botanical. 

IDFA predicts 'bright future for US dairy' as TPP will lift Vietnam export tariffs

The Trans-Pacific Partnership (TPP) will create new export opportunities for US dairy exports to Vietnam. 

PLUS: Canada investigates Hepatitis A outbreak from berries

More than 150 sick in Australian Salmonella outbreak

A Salmonella outbreak which has sickened more than 150 people in Australia has been linked to raw mung bean sprouts.

Market Insights

Two percent faster: Asia Pacific to outpace Europe and North America chocolate sales

The chocolate market in Asia Pacific is expected to grow around 2% faster than Europe and North America up to 2019, according to a Transparency Market Research’s (TMR) report.

Key Industry Events