Food

The investment company is to $400m into the Chinese poultry firm

Global investor takes share of Chinese poultry player

By Georgi Gyton

KKR & Co, a global investment firm, has come to a definitive agreement with Chinese poultry producer Fujian Sunner Development Co, to invest around $400m in the business, in return for an 18% stake.

PepsiCo to double investment in Indian snacks

India

PepsiCo to double investment in Indian snacks

By RJ Whitehead

PepsiCo chairman Indra Nooyi has pledged to double the company’s investment in its Indian food processing operation to add to the sizeable sums it has already spent in the country.

General manager and quality control boss arrested in Husi scandal

China

General manager and quality control boss arrested in Husi scandal

By RJ Whitehead

One of the five employees arrested in China’s latest food-safety scandal has been named as the general manager of the US-owned Shanghai Husi Foods operation, while another is the head of its quality control department, police have revealed.

Only 2% of Indian produce stored in adequate warehousing

Commentary

Only 2% of Indian produce stored in adequate warehousing

By RJ Whitehead

Almost none of India’s fresh fruit and vegetables are stored in suitable conditions after harvest, leading to wastage of produce worth almost half a trillion rupees each year, logistics experts have been warned.

China to champion food safety liability insurance

China

China to champion food safety liability insurance

By Andrew Schreiber

China’ s Food and Drug Administration has revealed that it is working on a food-safety liability insurance programme in high-risk industries, such as those involving dairy and meat products.

Al Khaili Group to build food factory in Kizad

Al Khaili Group to build food factory in Kizad

By Eliot Beer

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.

Bright Food eager to snap up more big international acquisitions

China

Bright Food eager to snap up more big international acquisitions

By RJ Whitehead

Unbowed by the decision by credit agency Moody’s to downgrade its outlook last month to “negative” following the recent near-billion-dollar Tnuva buy-in, Bright Food is now said to be looking to spend a further US$1.6bn on new deals.

‘India’s cold chain only fit to store potatoes’

‘India’s cold chain only fit to store potatoes’

By Andrew Schreiber

Despite recent investments and government measures, the majority of cold storage in India is fit only to store potatoes, the New-Delhi-based PHD Chamber of Commerce and Industry said recently in a damning report. 

Hard and crunchy = fewer calories?

Hard and crunchy = fewer calories?

By Maggie Hennessy

Consumers perceive foods that are either hard or have a rough texture as having fewer calories, says a new study in the Journal of Consumer Research.

Food industry winners and losers in BJP’s election manifesto

Food industry winners and losers in BJP’s election manifesto

By RJ Whitehead

With India’s lengthy election process now underway, the expected frontrunner, the Bharatiya Janaya Party, has released its manifesto, and while the food processing industry as a whole could stand to benefit from its pledges, companies like Walmart would...

A combination of saturated markets and slow population growth is putting pressure on the packaged food industry, say analysts

Sluggish growth predicted for global packaged foods markets

By Nicola Cottam

A slowdown in global packaged food markets is expected over the next five years as supply in developed countries reaches saturation point combined with insufficient opportunities elsewhere, but health and Asia offer hope.

Australian healthy food effort has failed, says study

Australian healthy food effort has failed, says study

By Ankush Chibber

Efforts by successive Australian governments to make more healthy foods available in the country have failed, with few controls on food and beverage manufacturers being enforced, a new study has found.  

MNCs targeting Indian food processing; packaging next on the horizon

MNCs targeting Indian food processing; packaging next on the horizon

By RJ Whitehead

Following the news that multinational food processing companies invested over US$2bn in India operations between April and October last year, a senior government official has heralded food packaging as the latest segment to be ripe for development.

Weight Watchers to launch cake mixes and soups in India

Weight Watchers to launch cake mixes and soups in India

By Ankush Chibber

India’s rapidly growing obesity numbers have finally attracted the Weight Watchers brand of food products, which will be launched in India soon, an official with company’s Indian partner confirmed. 

China to name and shame food safety offenders

China to name and shame food safety offenders

By Ankush Chibber

China has issued a new draft regulation that would give regulators the authority to blacklist food and beverage manufacturers that have breached food safety standards in the country. 

Australia running out of food freshers

Australia running out of food freshers

By Ankush Chibber

Australia’s is suffering from a crippling and an ever-increasing shortfall of young people interested in producing the country’s food, putting at risk its grand plans for being Asia’s food bowl.

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