Bullish policymaking by the Indian government appears to be continuing with reports suggesting that it will now open up the food industry to single-brand foreign buy-ins.
US cereal giant Kellogg has struck a 50:50 joint venture with Chinese agribusiness monopoly Wilmar International that will manufacture and sell cereals and snacks across the country.
The roll out of a network of food and drink processing hubs in India is on track, with the latest Mega Food Park site confirmed at Malipada in the state of Odisha.
Forget Facebook and Twitter, Internet users in the Philippines are the most active in the Asia-Pacific region in going online for groceries and food products, a new survey has revealed.
International Flavors and Fragrances (IFF) announced this week the opening of its new liquid manufacturing plant in Jurong, Singapore. The 12,000 square-metre facility is part of a previously announced US$100 million investment by the company in Asia,...
In what is yet another clear sign of the growing interest of investors in India’s homegrown food processing industry, Parag Milk Foods has signed a new private equity deal to secure a huge funding boost.
Dole Food has reached an agreement with Itochu Corporation of Japan to sell its packaged goods and Asia Fresh Produce businesses for US$1.69bn in cash.
As the dust settles on Friday’s announcement by the Indian government to finally allow foreign direct investment in multi-brand retail, it is becoming clear that the country’s beleaguered supply chain will be one of the major winners.
A new research initiative is expected to bring a windfall to New Zealand’s wine industry, which has been adversely affected by climatic variations in the recent past.
India’s shrimp exporters are concerned by a new move by Japanese food safety regulators to lower the acceptable levels of a key anti-oxidant used in fishmeal.
Japanese trading major Itochu has disclosed that it is in advanced talks with Dole Food over the purchase of the American company’s processed foods business and Asian fruit and vegetable operation.
ThaiBev said today that its concert party aims to takeover Fraser & Neave (F&N) in a S$9bn deal, as rumors abound that the former’s billionaire chair still craves control of Asia Pacific Breweries (APB).
A growing number of investors are eyeing New Zealand’s nascent spirits industry, with many small and medium-sized firms jostling to replicate the successes of the country’s wine growers, a new report has revealed.
Ingredient makers have been finding increasing opportunities in India’s bakery market, with consumers’ changing lifestyles driving the recent phase of growth.
Few individuals have had as much impact on a produce industry as Dr Verghese Kurien, who passed away in Gujarat last weekend. In a career spanning almost 60 years, Kurien transformed the way India's dairy industry operates and led Amul to become...
In the wake of China’s recent spate of food safety scandals, a major new survey has found that its consumers are increasingly worrying about what they eat.
The Hershey Company has agreed a deal to buy Godrej Industries 49% stake in the two companies’ Indian joint venture and has announced plans to set up its own subsidiary: Hershey India
Dairy exporter Fonterra has been cleared to acquire the processing assets of New Zealand Dairies Limited’s (NZDL) by the New Zealand Commerce Commission.
Fraser & Neave (F&N) announced today that shareholders will vote on the firm's proposed sale of its interest in Asia Pacific Breweries (APB) to Heineken on September 28, and hailed the offer as its 'best opportunity' to realize...
Carlton & United Breweries (CUB) CEO Ari Mervis admits the SAB Miller subsidiary was wrong to change the recipe for Victoria Bitter (VB), but is changing the Aussie beer back to its original recipe.
A multi-million dollar Australian pet food firm has snapped up troubled confectioner Darrell Lea for an undisclosed sum as it plans to delve into a new market area.
The substantiation and transference into law of varying kinds of data backing food supplements, herbal products and other healthy foods remains a major hurdle in evolving Asian food regulations, an expert has said.
Fonterra has announced a revised payout forecast range for the 2012/13 season, including a lower farm gate milk price (FGMP) of $5.25 per kilogram of milk solids – down from $5.50.
In March 2013 senior business leaders from global food, drink and nutrition businesses will come together for Food Vision, a world-first industry summit established by the publishers of FoodNavigator.com and NutraIngredients.com. Food Vision will provide...
Australasian food processing major Goodman Fieldr has inked an agreement to sell Integro, its commercial oils business, to a consortium comprising of GrainCorp and Gardner Smith.
Food manufacturers shifting their operations from Australia to New Zealand across the Tasman Sea have come under the scanner in the region with workers alleging the practice is being used as a threat.
A Chinese food giant has emerged as the leading contender to buy United Biscuit’s (UB’s) KP Snacks business, according to the state-owned China Daily newspaper.
Japan’s second biggest confectioner Meiji Holdings has reported a steep decline in its first quarter (Q1) confectionery profits as its chocolate sales fall and it suffers from a “shrinking” gum market.
Chinese soft drinks manufacturer Wahaha has signed a deal with the UK’s Nottingham University to collaborate on research and development covering areas including bioenergy, food technology and electric motors.
Europe and North America were the worst performing regions for Nestlé according to its first half (H1) results, while Asia, Oceania, Africa and emerging markets delivered double digit growth.
Monster Beverage Corporation admits its Q2 brand launch in Japan has hit problems, but said the nation’s distributors and retailers were far less tolerant of shipping damages and leakages than in the US.
Royal DSM paid tribute to its nutrition division which held steady as its sales and profits dipped for the second quarter and first half of the financial year, as recessed global economies took their toll on bottom lines.
Nestlé has encountered a “consistent deterioration in growth” in 2011-2012 in the US, its biggest market, according to analyst Andrew Wood at Sanford C Bernstein.
Heineken has struck an agreement with the board of Fraser and Neave (F&N) to acquire the latter’s interest in Asia Pacific Breweries (APB) for over S$5.1bn, as one analyst told BeverageDaily.com that the Dutch brewer was paying over the odds to ensure...
A Singapore-based analyst tells BeverageDaily.com that rumours of a Coca-Cola Company move for Fraser & Neave’s (F&N’s) non-alcoholic beverage business would be ‘no surprise’, as Heineken chases down its brewing arm APB.
Direct selling supplements giant Herbalife posted a 20% rise in net income to $133.4m in the three months to June 30, while net sales rose 17% to $1bn.
Californian almond giant Blue Diamond has struck a deal with the China Chamber of Commerce to supply Chinese firms with $50m worth of almonds in the next 12 months.