News & Analysis on Food & Beverage Development & Technology
Australia
Australia, one of the countries to suffer grave losses with the downing of Malaysia Airlines flight MH17, has stressed that Russia’s retaliatory embargo on the import of agricultural products will have a limited effect on its economy.
Premier Foods’s formation of a new business unit and the launch of Ambrosia rice in China are spearheading the firm’s plans to step up global sales in three key markets.
Kellogg has launched Special K Nourish in Australia – a three-grain cold cereal variety that marks part of its 2014 brand revamp.
New Zealand
New Zealand government is failing to act in 74% of its recommended food policy areas, with “major gaps” identified by researchers.
China
For years a laggard in the dairy stakes, China is now seeing massive growth in its yoghurt drinks market largely because of significant investment and new demand for healthier drinks on the go.
The Philippines has banned hog products from South China over fears about the spread of foot and mouth disease (FMD).
Penfolds and Wolf Blass brand owner Treasury Wine Estates has received a second $3.1bn takeover approach from a global private equity firm reported to be TPG Capital Management.