Barry Callebaut has sold its Van Houten Singapore consumer chocolate business to Hershey so it can concentrate on its manufacturer and gourmet customers targeting the Asian market.
Swiss chocolate company Barry Callebaut is to purchase a 60 per
cent share of Malaysia's KL Kepong Cocoa Products in a move
designed to increase its sourcing capacity in Asia.
Japan's leading chocolate maker Meiji Seika has recalled a range of
confectionery products, after it was discovered that they contained
a novel sweetener made with an unapproved genetically modified
enzyme.
The Indonesian government is currently reviewing its laws on
artificial sweeteners and will consider banning them from food if
expert evidence suggests they present health risks, according to a
report.
Chocolate giant Cadbury will spend NZ$20 million (€10.3m) to expand
production of chocolate crumb in New Zealand, allowing it to meet
forecast growth in demand from the Asia-Pacific region, it
announced yesterday.
China's increasingly savvy chocolate consumers will be better
equipped to choose higher quality chocolate if new regulations
entering into force next month are properly enforced.
China will remove the import duty on Indonesian cocoa from 1
January next year, a move likely to increase demand for the beans
from the world's third biggest producer.
Cocoa bean producer Pan Sino International has announced plans to
build Singapore's largest cocoa processing plant, increasing cocoa
bean supply for manufacturers.
Chinese confectionery firms are spotting the opportunities involved
in targeting the country's only-children, who are commanding an
increasing share of their parent's rising incomes.
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.
The Philippines is seeking to boost production of dried cocoa beans
under a 10-year plan designed to reduce its dependence on imports
and target new export markets.
New confectionery products and strong demand for beverages lifted
sales at Taiwan's Want Want Holdings by 28 per cent during the
first quarter, while higher margins helped it reduce the impact of
rising sugar prices.
Philippines-based Universal Robina will spend P5.6 billion (€87m)
this year to expand its branded foods range and increase its
presence in other Asian markets, URC president Lance Gokongwei told
reporters last week.
More productive sugarcane varieties can be delivered two to three
years earlier, say Australian scientists, helping the sugar
industry maintain its productivity and sustainability.
South Korea's Lotte Confectionery Company, the country's largest
snack food manufacturer, has acquired a 100 per cent stake in a
Chinese confectioner - a move which will not only bolster its
influence among China's...
As the chocolate industry evolves to meet the demands of cost-conscious consumers who refuse to compromise on quality, CBT Gold offers both delicious luxury...