Italian food exports to GCC leap 21%
Italian food exports to the GCC were up 21% in 2013, with the UAE and Saudi Arabia leading the growth and sales, according to figures from Italian food export organisation Cibus.
Archives for July 2, 2014
South Korea
Korean women catching up with the world’s biggest boozers — Korean men
South Korean women are developing a taste for a tipple at a remarkable rate, with the number who regularly consume alcohol having grown by more than 33% in just over a decade.
Eliot Beer
Regional Brazilian coffee imports soar 20% as prices fall
The Arab world’s Brazilian coffee imports rose 20% year-on-year by volume in the first five months of 2014, while revenue fell 7.7% over the same period.
Almarai and PepsiCo plan $345m Egypt investment
Almarai and PepsiCo announced a joint plan to invest US$345m in projects in Egypt over the next five years, taking advantage of the growing stability in the country.
Cranberry juice brand Ocean Spray hits the GCC
US cranberry juice brand Ocean Spray has announced the official launch of its products in the GCC, to tap into the region’s growth markets.
Regional governments work to hold down Ramadan food prices
Governments across the Middle East are trying to enforce price controls on food staples ahead of Ramadan, as consumers report price rises of up to 40%.
Iraq violence threatens critical harvest, says FAO
The recent conflict in Iraq has pushed the country to the brink of a food supply crisis through risks to harvests and growing refugee numbers, the UN Food and Agriculture Organisation (FAO) has warned.
Al Khaili Group to build food factory in Kizad
The UAE’s Saif Al Khaili Group has signed up to build a food processing facility in Abu Dhabi Ports’ Kizad Food Cluster, as part of a major industrial project, Kizad has announced.
Heliae enters joint venture to produce astaxanthin in Japan via hybrid algal technology
Astaxanthin has been a red-hot ingredient in the United States for several years and demand is ramping up worldwide. To meet that demand in the Japanese market, Heliae, an algae technology company based in Gilbert, AZ, is teaming up with Sincere...
China
China leads world beef market’s return to better days
Chinese beef import volumes remain historically high, but still a long way behind last year’s stratospheric growth.
Asian investors plough $106m into ambitious Chinese dairy Huaxia
A coalition of Asian investors is ploughing US$106m (€77.7m) in to Huaxia Dairy Farm to fund an expansion of the Chinese company's farming and processing operations.
Australia
Goodman Fielder agrees to takeover bid from Wilmar and First Pacific
Iconic Australian food maker Goodman Fielder has finally agreed to an A$1.34bn (US$1.26bn) offer by Wilmar International and First Pacific Company to acquire the company after the last two bids were turned down.
Oman’s $130m shrimp farm names lead contractor
The US$130m Qurun Aquapolis aquaculture project in Oman announced the appointment of its lead contractor this month, with construction scheduled to be completed by 2016.
Fonterra and Dairy Crest enter infant formula ingredients partnership
Dairy Crest and Fonterra have entered into a strategic partnership to produce and market infant formula ingredients, demineralized whey powder and galacto-oligosaccharide (GOS).