South Korea has expanded its key food export target destinations to include ‘New Northern’ countries such as Russia, Mongolia and Kazakhstan after seeing record-setting sales of both fresh and processed food exports take off in the region.
Indonesian beverage and snacks company Mayora has scored a hit in Russia with its Torabika-branded cappuccino, achieving such success that a coffee factory may soon be established in the European country.
Efforts by Chinese poultry firms to get export market share were given a boost by the news that a major poultry-producing region in eastern China has upped its exports by over 13% year on year in 2017.
Russia is looking to export sausages and processed meat products to Japan, South Korea and China, according to the Meat Processors Association of the Far East.
Two Russian companies plan to create a pig breeding cluster in the far east of the country within the next five years, designed to have a capacity for 1.2 million head of pigs, with an investment of RUB72 billion (US$954m).
Mongolia intends to increase the volume of meat exports to Russia, Vietnam, South Korea and China in the next few years, according to a recent statement from the country’s Agricultural Minister Radnaa Burmaa.
Kazakhstan’s LLP Aktepa Company has opened a major meat processing plant in the Aktobe region in the west of the country. The new facility is certified to halal standards and will process 7,200 tonnes of beef annually.
Phytoestrogens, botanicals, cultures, polysaccharides and proteins are set to be the top five food and beverage ingredients, with the highest forecast growth rates globally.
Sales of probiotic drinking yoghurts like Yakult and Danone Actimel are flatlining or dropping in most western European markets, and even in Japan where the concept was born, but BRIC markets are surging, and spoonables are shining brighter.
