Archer Daniels Midland has snapped up a share of Australian bulk grains firm GrainCorp and has requested further discussions for a ‘potential transaction’.
Further intensifying its efforts to crack the Chinese market, an Israel-based global premix supplier has inked a distribution agreement to ease into the local food manufacturing space.
To a backdrop of its slowing growth in the region, Nestlé has revealed that it will double the number of its research and development units in China. The announcement came at the company’s first ever China-centric earnings call from Shanghai.
Chinese foodmaker Yinlu Foods Group has announced plans to spend almost half a billion dollars in the construction of two new factories. The investment will serve to increase capacity by two-thirds.
BioGaia has signed an agreement with Ferozsons Laboratories for the exclusive rights to sell probiotic drops and tablets in Pakistan. The products will be sold under the BioGaia brand and launch is planned for 2013.
Japanese food major Morinaga who secured the sales rights for Pringles in Japan should tap into the imports trend and push original US flavours on the market, not Japanese imitations, an industry source says.
Two Belgian confectionary majors have announced a significant joint-venture that sets out to expand their combined presence and supply-chain in Vietnam and transform them into a regional 'powerhouse'.
With predicted growth of 15 to 20% imminent, probiotics in China and South Asia are destined for big things. But, according to Russell Ward, research director of food analyst Giract, a number of other factors must come into play before the segment reaches...
After Heineken successfully netted Asia Pacific Breweries (APB), CEO and chair Jean-François van Boxmeer told investors that there were ‘six key reasons’ why the capture was compelling.
Fonterra has announced plans to close its Cororooke, Australia manufacturing plant following a review of its manufacturing operations in the country’s Victoria region.
Biothera has named Ryusendoas its exclusive distributor in Japan of Wellmune WGP and its other immune health ingredients for foods, beverages, and supplements.
An Australian natural nutrition company has announced plans to invest INR100cr in an Indian manufacturing and sales operation to provide, it claims, the country's only scientific weight loss programme.
The US Agency for International Development has entered into a partnership with the Indonesian Chamber of Commerce and Industry (Kadin) to help address food security and conservation.
A new research programme being co-funded by the New Zealand government and a Chinese-owned seed company sets out to improve seed and plant species for farmers, improve animal productivity and minimise environmental impacts.
American snack food giant Del Monte has revealed that it has plans for an imminent entry into the Indian snack-food market with a range of fruit-based packaged snacks.
On a visit to Cambodia, the UAE minister for foreign trade revealed that her government was considering pumping money into halal food production and rice milling in the Southeast Asian country.
Agribusiness companies from the Philippines, Myanmar and Thailand have formed a consortium to develop a Southeast Asian rice supply chain using the proprietary hybrid and premium rice technology.
Carlsberg has agreed a strategic partnership with Singha Corporation, and tells BeverageDaily.com it is confident the new venture will succeed where a previous Thai partnership with Chang Beverages failed amidst legal acrimony in 2005.
The experimental business unit that is dedicated to rolling out new Danone products for the masses in India has been deemed a success and will be expanded to other cities across the country.
Australian confectioner Darrel Lea’s new owners have wasted little time in getting a foothold in the national commercial channels having secured a deal for 1,400 Independent Grocers of Australia (IGA) supermarkets to stock its confections.
KFC has revealed plans to accelerate its expansion across China’s smaller cities, and has pledged to open over 500 new restaurants per year over the coming years—a 20% increase over the current rate.
Fonterra has reported a drop in net profit for the 2012 season and cut its final payout to farmers - citing the negative effect of record breaking milk production on global dairy prices.
A new report by a government agency in the Philippines has revealed, that in spite of increasing its food production capacity, the country still remains a net food importer, giving cheer to multinational players.
A survey authored in Australia has found that while the Salmonella and E.Coli contamination of nut products there is not common, an outbreak is a likely outcome if it were to occur.
India’s domestic food and beverage brands have been growing their fan bases at a much faster rate than their global counterparts over the last year, according to research by Ketchum Sampark.
Volatile economic conditions, environmental concerns and low consumer sentiment have hurt Australian packaged water producers, a new report by research firm IbisWorld has revealed.
Bullish policymaking by the Indian government appears to be continuing with reports suggesting that it will now open up the food industry to single-brand foreign buy-ins.
US cereal giant Kellogg has struck a 50:50 joint venture with Chinese agribusiness monopoly Wilmar International that will manufacture and sell cereals and snacks across the country.
The roll out of a network of food and drink processing hubs in India is on track, with the latest Mega Food Park site confirmed at Malipada in the state of Odisha.
Forget Facebook and Twitter, Internet users in the Philippines are the most active in the Asia-Pacific region in going online for groceries and food products, a new survey has revealed.
International Flavors and Fragrances (IFF) announced this week the opening of its new liquid manufacturing plant in Jurong, Singapore. The 12,000 square-metre facility is part of a previously announced US$100 million investment by the company in Asia,...
In what is yet another clear sign of the growing interest of investors in India’s homegrown food processing industry, Parag Milk Foods has signed a new private equity deal to secure a huge funding boost.
Dole Food has reached an agreement with Itochu Corporation of Japan to sell its packaged goods and Asia Fresh Produce businesses for US$1.69bn in cash.
As the dust settles on Friday’s announcement by the Indian government to finally allow foreign direct investment in multi-brand retail, it is becoming clear that the country’s beleaguered supply chain will be one of the major winners.
A new research initiative is expected to bring a windfall to New Zealand’s wine industry, which has been adversely affected by climatic variations in the recent past.
India’s shrimp exporters are concerned by a new move by Japanese food safety regulators to lower the acceptable levels of a key anti-oxidant used in fishmeal.
Japanese trading major Itochu has disclosed that it is in advanced talks with Dole Food over the purchase of the American company’s processed foods business and Asian fruit and vegetable operation.
ThaiBev said today that its concert party aims to takeover Fraser & Neave (F&N) in a S$9bn deal, as rumors abound that the former’s billionaire chair still craves control of Asia Pacific Breweries (APB).
A growing number of investors are eyeing New Zealand’s nascent spirits industry, with many small and medium-sized firms jostling to replicate the successes of the country’s wine growers, a new report has revealed.
Ingredient makers have been finding increasing opportunities in India’s bakery market, with consumers’ changing lifestyles driving the recent phase of growth.
Few individuals have had as much impact on a produce industry as Dr Verghese Kurien, who passed away in Gujarat last weekend. In a career spanning almost 60 years, Kurien transformed the way India's dairy industry operates and led Amul to become...
In the wake of China’s recent spate of food safety scandals, a major new survey has found that its consumers are increasingly worrying about what they eat.
The Hershey Company has agreed a deal to buy Godrej Industries 49% stake in the two companies’ Indian joint venture and has announced plans to set up its own subsidiary: Hershey India
Dairy exporter Fonterra has been cleared to acquire the processing assets of New Zealand Dairies Limited’s (NZDL) by the New Zealand Commerce Commission.
Fraser & Neave (F&N) announced today that shareholders will vote on the firm's proposed sale of its interest in Asia Pacific Breweries (APB) to Heineken on September 28, and hailed the offer as its 'best opportunity' to realize...
Carlton & United Breweries (CUB) CEO Ari Mervis admits the SAB Miller subsidiary was wrong to change the recipe for Victoria Bitter (VB), but is changing the Aussie beer back to its original recipe.
