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Standard & Poor's reduces Fonterra credit rating over debt concerns

Standard & Poor's (S&P) has reduced Fonterra's credit rating - reflecting its concerns about the New Zealand dairy's debt levels.

AB InBev deal set to change region’s beer landscape

With the deal to create the world’s biggest brewer agreed in principle, the Chinese and Australasian beer landscapes are destined to change, say analysts.

Growing demand for dairy and confectionery drying technology in the Middle East

Secomak, which solves moisture related issues for customers including Coca-Cola, Nestlè, Danone and PepsiCo, is seeing a growing demand for its drying technology for the confectionery and dairy industry in...

News in brief

Korean player Daesang moves on EU omega-3 market

Korean food giant Daeseng wants to enter the EU omega-3 market and has applied for novel foods approval for an algae-derived DHA (docosahexaenoic acid).

Report slashes Halal growth forecast

Thompson Reuters has cut its growth forecast for the global Halal food market, saying the market will grow to just under US$1.6tn by 2020, instead of 2018 as predicted last year.

Middle Eastern nutraceutical market to break $9bn in 2015

The Middle East and North Africa (MENA) nutraceuticals market will be worth US$9.1bn this year, with growth set to accelerate up to 2020, according to a new report from Future Market...

a2 Milk Company seeks to raise NZ$43m to finance international growth

The a2 Milk Company (a2MC) is seeking to raise NZ$43m (US$28.5m) to support growth in Australia, New Zealand and key international markets.

Dateline Southeast Asia

Traffic-clogged streets behind Singapore’s online grocery sales rise

The number of online grocery purchases is soaring in Singapore, a city where its time-poor citizens are chocking with traffic.

Trans Pacific Partnership conclusion on dairy 'far from perfect,' says Fonterra

Fonterra has blamed the "entrenched protectionism" of the US dairy sector for the "far from perfect" conclusion to Trans Pacific Partnership (TPP) negotiations. 

Far East digest

McDonald’s registers first growth after 19-month slump

McDonald’s Japan has registered its first sales increase after a year and a half in the doldrums.

Chinese firm creates 50 UK jobs

Chinese food manufacturer Freshasia will open a new production facility in Little Melton, south Norfolk, creating more than 50 jobs, thanks to securing investment from a number of funders.

Quorn snapped up by Filipino company for £550M

Quorn Foods has been sold to Filipino branded consumer goods company Monde Nissin for £550M, ending months of speculation.

This week Down Under

Supermarkets fall out of favour for new legion of supplements buyers

Amid news that the Asian market cannot get enough Australian-made vitamins and health supplements, the latest research findings show that demand is also skyrocketing on the home front.

Syntax China to sell Michelman HP Indigo presses

‘Rapid development of Chinese digital printing market’

Michelman has signed a distribution agreement with Syntax Technology, in Beijing, China, to sell its HP Indigo presses.

SE Asia dairy focus

America's dairyland to Thailand: Sizeable growth in ingredients

Grassland, a Wisconsin butter products company, is seeing fast expansion in a Southeast Asian market that is now demanding a wide range of ingredients. "It is a very positive market...

SE Asia dairy focus

American dairy's newest frontier

Southeast Asia is now America's second biggest market after Mexico, and is the centre of a growth trend that is set to continue. Dali Ghazalay, the US industry's regional representative,...

BASF and Genomatica expand BDO process for packaging to SE Asia

BASF and Genomatica have expanded their license agreement to produce 1,4-butanediol based on renewable feedstock (renewable BDO), from North America to Southeast Asia.

AAK acquires major stake in Indian company

Edible oils AAK has acquired a 51% share of Indian specialty oils and fats company, Kamani, to strengthen its foothold in India.

Yashili set to acquire infant formula business from parent company Mengniu

Chinese dairy Yashili has agreed to acquire infant formula business Oushi Mengniu from its majority shareholder, Mengniu, for around $165m.

Tetra Pak focuses on Europe and Japan with TR/G7 filling machine

Tetra Pak has launched TR/G7, a filling machine which has a capacity of 6500 gable top packages per hour, for chilled distribution.

EuroPack Summit 2015, Monaco, France

China beer market is declining but individualization and online purchases have risen

The beer market in China has declined recently but individualisation and people buying their beer online has risen in the country, according to Thomas Delory, global procurement team leader, Packaging...

Savola and Thai Union form seafood JV, aim to net $400m in sales

Saudi’s Savola Group has formed a joint venture with Thai Union Frozen, one of the world’s largest seafood processors, to bring new seafood products to the Middle East, targeting US$400m...

News in brief

IFC signs advisory services agreement with Stora Enso Lao

IFC, a member of the World Bank Group, has signed an advisory services agreement with Stora Enso Lao Co. to help the company improve its social risk management in Lao...

News in brief

Agilent partners with DKSH in Vietnam on spectroscopy equipment

DKSH has signed a distribution agreement for Agilent's spectroscopy systems in Vietnam.

China direct

The natural super-sweetener the Chinese are protecting jealously

China’s fierce protection of its indigenous luo han guo vine fruit may be about to bear fruit as demand for mogroside, a natural sweetener made from it, soars across the globe....

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