India is engaging in rice diplomacy with Indonesia to whom it is willing to sell 500,000 tonnes of rice, but also wants the latter to cut its export tax on crude palm oil which is hurting Indian refineries.
The Asian food market has seen value growth but a volume slowdown and manufacturers need to be innovative to succeed in driving development of the sector amid an economic downturn, according to industry report.
Changing consumer eating patterns and greater western influence has seen an upward trend in the bakery industry in Malaysia, but trade group urges education drive to enhance the sector’s growth potential.
Foreign firms are the biggest players in a rapidly growing chocolate confectionery market in China – but a fragmented market means there are opportunities for smaller companies, according to a new report from Datamonitor.
Drinks manufacturers need to be strategic to succeed in the struggling Japanese market, paying attention to the trend for gourmet and healthier beverages and the younger generation’s preferences, according to an industry report.