Australian confectioner Darrel Lea’s new owners have wasted little time in getting a foothold in the national commercial channels having secured a deal for 1,400 Independent Grocers of Australia (IGA) supermarkets to stock its confections.
The author of a report suggesting that China’s corn imports are in line to explode by 2017, today cautioned that the government will have to walk a tightrope in balancing pork prices with domestic corn productivity.
New Zealand authorities have begun action to stop unlawful exports of infant formula to China, after trade bodies blamed these for severely undermining the southern nation’s reputation for food safety.
Food Standards Australia New Zealand (FSANZ) has approved an application from dairy giant Fonterra to use hydrogen peroxide as a processing aid to control lactic acid-producing micro-organisms during the manufacture of certain dairy products.
Corn imports to China will hit 20mn tonnes per year by 2017, leading to major reverberations on world markets. This is the likely scenario if current trends in the country’s pork production and industrialisation continue, according to a major study.
McCain Foods has announced plans to double the operating capacity of its Harbin, China potato processing plant. The Harbin plant was built in 2005 and is one of several potato processing plants McCain operates in the Asia-Pacific region.
A new report by a government agency in the Philippines has revealed, that in spite of increasing its food production capacity, the country still remains a net food importer, giving cheer to multinational players.