Australian orange growers have warned that supplies of the fruit
will be tight this year as frost followed by a severe drought has
caused a sharp drop in the Valencia orange crop.
Food miles, the trendy catchphrase alluding to pollution caused by
food exports, is 'a red herring' that detracts from serious
environmental issues to be faced by food producers, says Fonterra's
trade strategy manager,...
Food processors in Vietnam can expect to see higher quality raw
materials and lower prices on imported ingredients as the country
becomes a full member of the World Trade Organisation.
Poultry processors in Australia are expected to implement
'significant price increases' for chicken meat, as drought leads to
surging grain prices, a major production cost for the country's
chicken farmers.
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.
Buyers of Australian dairy products are facing uncertainty over
future supplies and pricing as the country's farmers weigh up the
impact of a prolonged drought on their output.
Australian wheat production may reach less than 10 million metric
tons this year, less than half of normal, due to drought and
late-season freezes, according to industry experts.
Thailand is likely to start developing genetically modified crops
in order to maintain its competitive edge in the global food export
business, said an official from a government science body last
week.
CSR, Australia's largest sugar producer, downgraded its profit
forecast last week, blaming falling global prices and adverse
weather for an anticipated downturn.
Chinese dairy Yili, one of the country's top two, has increased
sales and profits in the first six months of the year despite
rising raw material costs, reinforcing its market share in the
fast-growing dairy sector.
New Zealand's meat promotion board launched an appellation for beef
sold in the important Korean market this week, in a bid to
differentiate its meat from its sizeable competitors, Australia and
the US.
