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Industry growth

Higher incomes and an emerging middle class mean the Asia Pacific region delivers good growth rates for food businesses. Consumers are demanding new kinds of products, whether Western-style or convenient versions of traditional favourites.

Sri Lanka will 'set the pace' for India in milk yield and quality: Wellard

Sri Lanka will soon "set the pace" for neighboring India in terms of milk quality and yield per cow, Australia's largest livestock exporter, Wellard Rural Exports, has claimed.

China

Premium brands will lead as China’s beer economy leapfrogs that of US

Now double the size of its American counterpart, China's beer market is an exciting place to be for international brewers in spite of protectionist controls put in place by its...

Philippine food major buys New Zealand snack firm Griffin’s

Universal Robina Corporation (URC) has snapped up New Zealand snack giant Griffin’s Foods for NZ$700m ($606.6m) in a move it says should bolster its presence in the Asian snack sector....

Abbott making 'progress' repairing Fonterra botulism scare damage

Abbott Laboratories' CEO believes the company has “recovered about as well" as it could have in the year since the Fonterra WPC botulism scare that led it to recall infant formula in China,...

Cadbury’s Australia factory subsidy under fire

Australia’s opposition party has called for Cadbury’s A$16m government funding to upgrade its Claremont plant to be redirected to West Coast development projects.

China

General Mills spends big on Asian product development

In a move to channel more investment into its growing Chinese market, food major General Mills has opened its first major technical centre outside of its Minneapolis headquarters. 

Australia

Japan trade agreement could spur beleaguered Australian wine exports

The recent signing of a trade agreement between Japan and Australia will give wine exports to the Far East a “step-up”, according to the Winemakers’ Federation of Australia (WFA). 

Who drinks more wine – the Chinese or the Japanese?

Isn’t the answer obvious? The Chinese, with their thirst for fine French wines, New World reds and keenness to plant vineyards over the past five years, easily outstrip the economically...

News in brief

Cash for Ash: Coke offers Chinese workers 'environmental hardship allowance'

Coke is offering an 'environmental hardship allowance' to staff in China as it tries to attract and retain talent, the Times of India reports.

India

Carrefour closes doors on its Indian operation

With a simple press release issued this week, Carrefour brought to a close its Indian experience by announcing the closure of its trade stores in the country.

Heliae enters joint venture to produce astaxanthin in Japan via hybrid algal technology

Astaxanthin has been a red-hot ingredient in the United States for several years and demand is ramping up worldwide. To meet that demand in the Japanese market, Heliae, an algae...

Asian investors plough $106m into ambitious Chinese dairy Huaxia

A coalition of Asian investors is ploughing US$106m (€77.7m) in to Huaxia Dairy Farm to fund an expansion of the Chinese company's farming and processing operations.

China

China leads world beef market’s return to better days

Chinese beef import volumes remain historically high, but still a long way behind last year’s stratospheric growth.

Australia

Goodman Fielder agrees to takeover bid from Wilmar and First Pacific

Iconic Australian food maker Goodman Fielder has finally agreed to an A$1.34bn (US$1.26bn) offer by Wilmar International and First Pacific Company to acquire the company after the last two bids...

Chinese organic dairy Shengmu launches expansion-driven IPO

Shengmu Organic, China's largest organic dairy player, is seeking to raise up to HK$1.3bn (US$169m, €124m) through an initial public offering (IPO) of shares in Hong Kong.

News in brief

Taura Natural Ingredients secures European distributor for fruit series

Taura Natural Ingredients is teaming up with France-based Phoenix Ingredients for European distribution of its Gourmet Series fruit line.

Australia

Cider poised to take over from alcopops

Cider’s dramatic rise in popularity among Australian consumers appears to have come at the expense of pre-mixed spirits, according to new market research figures.

Australia

Foreign ownership might be up, but farms are still mostly Australian

With foreign investment in Australian agriculture being among the most heated political issues in the country at the moment, new figures released by the Australia Bureau of Statistics might come...

China

Bright Food eager to snap up more big international acquisitions

Unbowed by the decision by credit agency Moody’s to downgrade its outlook last month to “negative” following the recent near-billion-dollar Tnuva buy-in, Bright Food is now said to be looking...

News in brief

New $27m Givaudan plant opens in Indonesia

Indonesia’s fast-growing importance in flavour production was acknowledged by the opening of a US$27m spray-dry facility by the worldwide flavours and scents market leader, Givaudan.

News in brief

Korean health supplements body joins Iadsa

The Korea Health Supplements Association (KHSA) is the latest body to join Iadsa, the International Alliance of Dietary/ Food Supplement Associations.   

India set to increase meat presence globally

India is poised to take a larger step on to the world stage when it comes to meat, delegates to the World Meat Congress were told.

China Meat Association outlines state of industry to Congress

The pace of change in the Chinese meat industry is rapid, with both demand and prices up, and modernisation continuing apace, the president of the China Meat Association told delegates...

News in brief

Ammeraal Beltech opens China facility

Ammeraal Beltech has opened a manufacturing facility in China. 

Regionwide

Asia-Pacific's 10 biggest retailers: Japan continues to lead the way

Over the next five years, Asia-Pacific will account for more than half of all the world’s new retail sales, according to this year’s edition of Euromonitor’s Retail Asia-Pacific Top 500...

Key Industry Events