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China direct

Craft brews should stand out in China’s stagnating beer market

Riding on a trend towards premiumisation, craft beer, though still a very small market in China, is likely to continue gaining considerable share and should enjoy remarkable performance.

Australian meat chief targets China and Saudi in 2017

The CEO of the Australian Livestock Exporters’ Council (ALEC) has targeted market “diversification” as a key meat industry priority for 2017.

China

DaChan plans two new plants to meet demand

Meat processor DaChan Food will open two new plants in the north of China to keep up with growing demand.

Taiwan a step closer to having chemical additives task force

Taiwanese legislators have given their backing for an agency to regulate the use of chemical additives and toxic substances in food processing.

China direct

Chinese dairy shoppers becoming less satisfied with their milk

Customer satisfaction is on a downward spiral among Chinese dairy consumers, according to the latest national research report on shoppers’ attitudes to liquid milk, which also highlighted how the public...

Chinese meat major signs deal with e-commerce giant Jingdon

Shuanghui, China’s biggest meat company, has signed a strategic cooperation agreement with Jingdong (jd.com), one of China’s biggest e-commerce companies, to develop a new sales and distribution channel supplying fine-cut...

News in brief

Funds will help us expand in Asia - Oxford Nanopore

Oxford Nanopore Technologies has raised £100m ($126m) in funding through a private placement of ordinary shares bringing the total secured to £351m.

Bank of China and Fonterra sign deal

Bank of China New Zealand has signed an agreement with New Zealand dairy cooperative Fonterra that establishes a RMB 1.5bn (NZ$300m, US$213m) multi-currency bank facility including a Chinese currency component....

Thailand’s CP Food targets growth as South Korea resumes trade

After a 12-year hiatus in Thai poultry exports to South Korea, triggered by a bird flu outbreak in 2004, exporters are targeting growth in one of Asia’s largest consumer markets.

Vitaco deal enters final stage, but fellow Australian firm Nature’s Care to stay in private ownership

The Federal Court of Australia has approved the takeover of vitamin firm Vitaco by Chinese investors, with the deal now officially entering the “completion stage”.

Chinese kids taller and fatter than ever before

Young people in China have become taller and fatter due to better living standards and changing lifestyles.

China

WeChat joins Starbucks with gifting and mobile payment platform

Starbucks has partnered Chinese online and app giant Tencent Holdings to create a new social gifting feature on WeChat, China’s leading mobile social communications service.

China famine babies: Hyperglycaemia and diabetes risk passes down to second generation too

An increased risk of high blood glucose levels and diabetes is not only greater for people who were born at a time of famine, but it is also then passed...

Mannatech decides against multilevel marketing in move to enter mainland China market

In an effort to smooth out financial results, Mannatech is focusing on new products and its adding an e-commerce platform in China to its direct sales efforts. 

China direct

Chinese sweetener prices rising at last after spate of plant closures

After a year-long race to the bottom by Chinese manufacturers, acesulfame-K sweetener prices have grown steadily since May, with analysts expecting further increases then stabilisation as suppliers, including segment giant...

Wealthier Chinese will spend more on food, but market share will drop

Chinese consumers still allocate around one-third of their spending on food—twice as much as neighbouring Koreans—though this is likely to change with rising income levels.

China chocolate brand Le Conte sold to Hollygee for $33m

Wedding candy brand from Fujian Province Hollygee (好邻居) has acquired the largest Chinese domestic chocolate confectionery company Le Conte (金帝) for 230m RMB ($33m).

Asian grocery growth to outpace Europe and North America combined

Asia will remain the biggest engine of growth in the grocery market with sales expected to exceed those of Europe and North America combined within five years, according to new...

Functional benefits remain white space in China’s snack market, Mintel

A Mintel report shows that the Chinese snack food sector is fragmented, with the top 10% companies accounting for only 11.7% of market share.

China’s chicken supply chain in danger

China’s supply chain faces a challenge with historically low breeding stock supplies compounded by outbreaks of bird flu in markets China depends on for a regular flow of grandparent birds. ...

China infant formula uncertainty claims another victim: Murray Goulburn and Mead Johnson deal scrapped

Australian dairy co-operative Murray Goulburn and Mead Johnson Nutrition have scrapped an agreement signed in March to supply infant formula to Asia.

News in brief

Local acquisition will vertically integrate Ingredion’s China business

Ingredion has completed the acquisition of Shandong Huanong Specialty Corn Development in China from Pingyuan County Juyuan State-Owned Asset Management for an undisclosed sum.

China

SIAF aquaculture offshoot given green light to expand with $36m loan

Chinese protein investment major Sino Agro Food Industries’ fisheries subsidiary has been approved for a CNY250m (US$36.3m) loan to expand its operations.

China

Cargill opens development centre in Shanghai for most food streams

Cargill has pooled its resources across a range of divisions to open its first innovation centre in Asia, which employs some 50 researchers, nutritionists and chefs.

China direct

Plans to audit 5,000 standards meets with Chinese media approval

A decision by Chinese authorities to tidy up its Byzantine regulatory systems will see the consolidation of nearly 5,000 food safety standards and the revision of 300 other national standards.

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