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Confectionery

News headlines

Japan

Have a break...have a Kit Kat sushi

Japan is known for its love of weird and wacky Kit Kat flavours, but Nestlé might have just taken the biscuit with its sushi version.

tna expands further into confectionery sector with NID acquisition

tna has expanded into the confectionery industry by acquiring NID in Australia, effective from today (March 6, 2017).

Ülker in talks to secure MENA rights for McVitie’s

Ülker Bisküvi Sanayi A.Ş is in talks to acquire rights to McVitie’s products in Middle East and North Africa.

Lotte to face 'severe consequences' if it allows US missile system, warns China

China’s state media outlet Xinhua has urged Lotte to reject a US missile system on a golf course owned by the Korean conglomerate or face "severe consequences".

Hershey and Mars lose China market share to Nestlé and Ferrero

Hershey and Mars have lost market share in China's declining confectionery category to Nestlé and Ferrero, according to Euromonitor Shanghai.

This week Down Under

Junk tax and healthy subsidies would cost nothing and save billions

The Australian treasury could save billions of dollars each year if fruits and vegetables were subsidised and a package of taxes on sugar, salt and saturated fact were introduced.

Fairy Chocolates targets Asia expansion with Cho'clair Minis

Belgian luxury confectioner Fairy Chocolates has introduced a mini version of its éclair praline fusion Cho’clair as it concentrates on expansion in Asia.

SPOTLIGHT JAPAN

Have a break...have a Kit Kat sushi

Japan is known for its love of weird and wacky Kit Kat flavours, but Nestlé might have just taken the biscuit with its sushi version.

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 Anhui Jinhe, hold back on production.

Yowie re-enters Australia and signs wildlife conservation deal

Character confectionery brand Yowie has returned to the Australia and New Zealand markets; brand owner the Yowie Group has also signed a partnership with the Wildlife Conservation Society (WCS).

Fake Ferrero and Mars chocolate seized in China

Chinese police recently seized 300,000 counterfeit chocolate pieces during the 2017 Lunar New Year worth around 700 RMB ($102) per box, after a wedding candy store owner received complaints from local consumers.

Q4 and full-year results

Hershey bets on multi-textural snacking and Chinese e-commerce for growth

Reese’s and Cookie Layer Crunch will be major investment focuses when Hershey’s next CEO Michele Buck takes office in March, 2017, according to the company’s Q4 earnings conference call.

ASIA'S FOOD LEADERS VIDEO SERIES

Video: ‘We’re investing where the market grows…and that’s Asia’

Distributor Jebsen & Jessen has been splashing the cash in Asia, having recently opened in its first ingredients site in the region – a $17m joint venture malt processing factory in Thailand alongside supplier Muntons – as well as spending a further $1m on a series of innovation labs.

Feature

Bon Bon Buddies sizes up Asia after hitting record sales

UK confectioner Bon Bon Buddies plans to expand its footprint in Asia after reporting a “record-breaking” financial year.

Bega's Mondelēz purchase takes Vegemite back into Australian hands

Vegemite will return to Australia after its American parent agreed to sell most of its regional grocery business, including the iconic yeast spread, to Bega Cheese.

South Asia radius

Fat tax on the cards for next month’s Budget

Budget watchers are predicting an increase to taxes on fast food and sugary drinks on February 1 after senior ministers put pressure on the prime minister to introduce a health levy.

JAPAN SPOTLIGHT

Japanese officials considering imposing stricter GM labelling laws

Reports from Japan suggest officials are weighing up imposing stricter rules for the mandatory labelling of food items containing genetically modified foods.

Mondelēz ramps up premium offer in India with Cadbury Dairy Milk Silk Oreo

Mondelēz has introduced Cadbury Dairy Milk Silk Oreo to the Indian market after enjoying success with choco-bakery brands in other markets.

Mondelēz settles Indian factory probe in the US for $13m

Cadbury owner Mondelēz International has agreed to pay $13m to settle action brought by US authorities accusing it of breaching foreign trade rules when upgrading a factory in India.

New pollution licences could spell danger for Chinese sweeteners firms

The Chinese government’s drive to increase environmental protection by issuing so-called “pollutant discharge licences" stands to damage the local sweetener industry.

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