Buyers of Australian dairy products are facing uncertainty over
future supplies and pricing as the country's farmers weigh up the
impact of a prolonged drought on their output.
Asian Citrus, the Chinese orange plantation owner, said its
full-year pretax profit rose 17 per cent, helped by new direct
supply contracts with supermarket chains in China.
Belgian lactic acid producer Galactic will double capacity at its
joint venture plant in China to meet rising demand for the additive
in food production.
The rapid growth of China's fast food industry is boosting demand
for frozen French fries and other processed potato products,
helping to offset a downward trend in more mature markets due to
consumer health concerns, reveals...
Cocoa bean producer Pan Sino International has announced plans to
build Singapore's largest cocoa processing plant, increasing cocoa
bean supply for manufacturers.
Sterling Biotech has emerged as the world's second largest gelatine
producer after making its first international foray to acquire the
gelatine manufacturing facility of Chinese firm China Gelatin.
CSR, Australia's largest sugar producer, downgraded its profit
forecast last week, blaming falling global prices and adverse
weather for an anticipated downturn.
Australian dairies will drum up A$15 million in funding over the
next three years to support a new innovation centre that will be
tasked with finding ways to better compete with a challenging
marketplace.
Chinese dairy Yili, one of the country's top two, has increased
sales and profits in the first six months of the year despite
rising raw material costs, reinforcing its market share in the
fast-growing dairy sector.
New Zealand's meat promotion board launched an appellation for beef
sold in the important Korean market this week, in a bid to
differentiate its meat from its sizeable competitors, Australia and
the US.
Sugar growers in the Philippines are calling on the public to
boycott Kraft's Tang and Kool-Aid brands because the US firm
refuses to pay a sugar import tariff on the powdered beverages.
