Products such as confectionery, biscuits and juice products are experiencing double-digit growth in China with this consumer demand fuelling an increase in the country’s sugar imports, according to a USDA report.
Cargill’s bid to buy Goodman Fielder’s edible fats and oils business looks to be scuppered by the Australian competition authorities, who say it would be an unacceptable concentration of refining assets in the country.
Emerging markets continue to attract both food processors and equipment suppliers, with AMF Bakery Systems, a leading supplier of bakery equipment in North America, recently expanding its footprint in the Asia Pacific region.
Australia's almond production is expected to rise by 25 per cent in 2010 - up from 36,500 tonnes this year to 46,100 tonnes, announced the Almond Board of Australia (ABA) during its annual trade visit to India.
The Indian Government has unveiled proposals to double the size of its food processing industry within the next five years by increasing funding and improving technology and infrastructure in the sector.