Americana says sale still on amid rumours of collapse
Kuwait’s Americana has announced its sale is still in progress, following reports of faltering negotiations and a probable collapse of the deal.
Archives for January 27, 2015
Savola 2014 profit up 21%, but Q4 misses targets
Saudi food giant Savola Group announced a 21.5% growth in full-year profit of US$551m, but saw Q4 profits fall, missing analyst predictions.
Almarai profit up 11% to $445m
Saudi food producer Almarai saw its full-year profit rise 11.5% to US$445m, with total sales of US$3.35bn for the year.
Saudi importer faces fines and lawsuits for selling pork noodles
A firm which imported large quantities of instant noodles containing pork into Saudi Arabia is facing prosecution for fraud and breaching regulations.
India buffalo meat exports rise, despite BJP government
Concerns that India’s beef export industry might wither under the new Hindu nationalist BJP-led government have proved unfounded, as between April and October 2014, India exported US$2.66 billion’s worth of buffalo meat, a rise of nearly 16% over the...
Sidel: ‘We disagree China is a country of copycat manufacturers’
Sidel has defended China when it comes to its reputation for being a ‘copycat nation’ copying manufacturer’s designs and machinery, to sell them to the F&B industry.
Zeelandia eyes Indian market share in Western-style breads and pastries
Dutch baking ingredient supplier Zeelandia says its new joint venture with Fine Organics in India will primarily target the nation's growing market for Western-style breads and pastries.
Middle East’s Brazilian food imports fall 12.8%
The Middle East’s agribusiness imports from Brazil fell 12.8% in value to US$7.2bn in 2014, while volumes of some food products rose.
Amira Food signs distribution deal with Qatar’s GFT
Indian food producer Amira Foods has signed an agreement with Qatari firm Global Food Trading (GFT) to distribute Amira Rice in Qatar.
Australia
Review dispels long held beliefs about Australian drinking problems
Australians are not in fact drinking more alcohol and cases of drink-fuelled violence are not on the up, in spite of longstanding beliefs in the contrary, if an industry analysis is to be believed.
India
New premium tastes behind doubling of India’s food market by 2020
India’s food market will nearly double in size between 2014 and 2020, with the premium segment among the biggest gainers, a report by Boston Consulting Group has revealed.
China opens doors to all US apples, ending 2012 ban
China’s food watchdog will allow the import of all US-grown apples in a move that could be worth US$100m a year to the American apple industry.