Industry growth

Chinese company buys out Crafar New Zealand dairy farms

Pengxin gains extension on Crafar buyout

By Ankush Chibber

China-based Shanghai Pengxin Group has been granted an extension until February 7 to finalise the purchase of New Zealand Crafar Dairy farms, KordaMentha, the farms’ receivers announced today.

New Zealand's natural products sector pegged at over NZ$1bn

NZ natural products market bursts through billion dollar mark

By Kacey Culliney

New Zealand’s natural products industry has exceeded revenues of NZ$1billion (US$823.2m) which highlights the significance of this sector and its growth potential, especially in exports, according to an industry expert.

Innovative exports to drive growth in Singapore's food industry

Singapore: Innovative exports to drive growth

By Jennifer Phang & Kacey Culliney

The focus for manufacturers in Singapore needs to be on the export market, and in particular functional and health foods, according to industry official.

A lucrative business tie with China for Australian winery Ferngrove

Lucrative Chinese partnership for Australian winery

By Kacey Culliney

A strong Chinese investment in the Australian wine company Ferngrove has enabled it to expand its premium bottled wine business and successfully enter and market to China, according to the firm’s managing director.

Baskin-Robbins enters its eight Asian country in Vietnam

Timely entrance into Vietnam for Baskin-Robbins

By Kacey Culliney

US ice cream brand Baskin-Robbins has timed entrance into Vietnam carefully via a franchise with a local food company amid a snowballing economy and emerging middle class with a taste for luxuries, the company said.

Priya Food Products targets India's processed soya market

Indian biscuit maker takes aim at soy market

By Ankush Chibber

Maker of the Priya and Priya Gold brands of biscuits, Kolkata-based Priya Food Products is set to enter India’s packaged soy food products market.

New Zealand can hit government targets and triple its export market

New Zealand can triple exports over next 15 years: Report

By Kacey Culliney

New Zealand’s food and beverage sector does have the growth potential to reach government targets of tripling exports over the next 15 years, with opportunities in processed foods and beverages, according to report.

Possible joint venture to tap into Chinese halal market

China province first to get a halal status tracking system

By Ankush Chibber

With an eye on the small but growing halal food market in China, Malaysia-based Fahim Technologies has expanded its halal integrity solution services to the country’s autonomous Muslim-populated province of Ningxia.

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