China Food Industries has announced plans to triple the size of its
cold room facilities, despite announcing a fall in sales for the
full year ending in December.
The world's biggest food retail groups are continuing to strengthen
their positions in the massive Chinese market, buoyed by a recent
relaxation of the regulations requiring them to use local partners.
Carrefour and Wal-Mart...
The Shanghai Jinshan District Government has confirmed that Suntory
Investment, a Chinese investment company, has acquired 74 per cent
equity of Shanghai Eastern Sea Beer, a leading brewery company
located in Zhangyan County of the...
China has announced a slew of initiatives to boost its agricultural
sector in the face of rising imports and domestic producers
struggling to meet demand, reports Anand Krishnamoorthy.
Europe and the US continue to dominate demand in the €4.5 billion
flavours market, but Asia Pacific region is quickly catching up
thanks to high single-digit growth, reveal figures from a new
report.
The Vietnam Food Association says that in 2005 turnover in rice
exports is expected to reach $1 billion, but with no plans to
increase crop growing areas, the target may well prove difficult to
reach.
China, potentially one of the most promising markets for
genetically modified (GM) crops, is stalling the adoption of
transgenic plant cultivation as a cautious government ponders their
safety reports Anand Krishnamoorthy.
The tsunami waves have had a devastating impact on the fisheries
sector in many countries of the Indian Ocean, the FAO says,
inflicting major upheaval on the seafood processing category.
A significant drive from Asian rice producers has helped boost
global paddy production in 2004 to an estimated record 611 million
tonnes. But the Food and Agriculture Organisation says that supply
is still not meeting needs, writes...
Three senior executives from China dairy group Yili have been
detained by police authorities allegedly investigating accusations
of company embezzlement. Analysts believe the news is likely to
send shock waves through the sectors...
The Vietnamese Ministry of Agricultural and Rural Development says
that a lack of up-to-date processing equipment is holding back
progress for much of the country's food and beverage industry.
Although new EU regulations could bring increasing opportunities
for Asian food companies, many European businesses see it as a
threat. But whilst Hungarian food canning companies say their
future existence could be threatened, manufacturers...
Jinro, South Korea's largest spirit producer, has confirmed that it
will invite bids by the end of this month, a move that aims to
raise $2 billion (€1.5 bn) and allow the bankrupt company to pay
off its creditors. Simon Pitman...
With the market for canned food doubling in size in the course of
the last eight years, further growth is expected in line with the
rapidly expanding China economy in the coming years.
Wal-Mart China has confirmed that it is opening up its first store
in Shanghai. The store is due to open up next year and the company
has confirmed that recruitment of staff has begun, reports Simon
Pitman.
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