A new survey of Asian business leaders has tipped China to rival
America as the world's largest consumer economy, as it continues to
witness dynamic growth in its food and industrial markets.
Thai and Vietnamese officials yesterday announced new cooperative
measures designed to better contain and control the spread of
deadly avian influenza in their poultry stocks.
Nestle is to invest in sustainable coffee production within Vietnam
in order to protect the quality and competitiveness of its brands
in the growing markets of Asia.
Unilever, the world's second largest food company, is to increase
its focus on its Chinese operations to allow the country to meet
its potential as a market leader in the Asia Pacific food industry.
China has consolidated its position as one of the world's leading
tea producers as export demand continues to drive growth in the
sector, according to figures by China's chamber of commerce for the
import and export of foodstuffs...
China is one of five nations worldwide set to drive massive growth
of in the carbonated drinks market by 2011, according to a new
report by consumer analyst Euromonitor.
Two Korean companies, Eugene Science and RexGene Biotech, have
entered into a contract to develop, produce and market a new
supplement containing Eugene Science's proprietary
cholesterol-lowering ingredient CZ in their own country...
Honk Kong based funds management firm, Value Partners, could be set
to invest in the growing Chinese monosodium glutamate (MSG) and
fermentation market, according to local news reports.
Indonesia's food and beverage exports will grow by between 10 and
15 per cent this year, surpassing the US$2 billion in earnings
previously forecast for 2006, according to the Indonesian Food and
Beverage Producers Associations...
Australia's dairy industry will see export earnings drop by more
than 24 per cent to under A$2 billion (€1.2bn) in 2006-07 as a
result of the sharp reduction in output because of the drought,
government research predicts.
Globalisation is creating a challenging environment for Australia's
food industry but has also opened up new markets with strong
potential, finds a new report.
China's food industry has grown a further 23 per cent during the
first ten months of the year, helped by a buoyant economy and
supportive government policies.
