Markets & trends

Food sector attracts over 40% of Sri Lankan SMEs

Food sector attracts over 40% of Sri Lankan SMEs

By RJ Whitehead

More than 40% of Sri Lankan small- and medium-sized businesses are now engaged in food processing, prompting the government to begin construction of a food testing centre aimed at village producers.

Picture: World Bank. Signing of the trilateral MoU on food safety

MoU signed and CDB funding for Grenada

By staff reporter

A trilateral Memorandum of Understanding (MoU) has been signed while Grenada has received funding to boost food safety in the produce sector.

FDI in Indian food processing netted 43% growth last fiscal

South Asia radius

FDI in Indian food processing netted 43% growth last fiscal

By RJ Whitehead

India has already attracted over US$180m in foreign direct investment in the new fiscal year, and has been witnessing growing interest from foreign food companies, according to the food processing minister, Harsimrat Kaur Badal.

Russian meat firms could benefit from a deal to export poultry to China

Russia eyes Chinese poultry trade as shortages loom

By Eugene Vorotnikov

Russia is planning to promote exports of poultry and pork to China and has already started talks with the Chinese government to increase exports beyond their current low volumes. 

Fast food franchising is viewed as a 'golden opportunity' in China's food industry

Fast food franchise wars in China

By Mark Godfrey

Hua Ke Duo's black sesame sprinkled buns and chilli pepper flavourings are Chinese, but the hamburgers are bigger than those at McDonald’s. 

Australia sets sights on Southeast Asian fruit markets

Dateline Southeast Asia

Australia sets sights on Southeast Asian fruit markets

By RJ Whitehead

Australia’s international trade mission hopes to make a bigger dent in Southeast Asian fruit markets, where demand for its produce is continuing to grow on the back of targeted promotional initiatives.

India is expected to maintain its position as the world's largest butter producer through the forecasted period. ©iStock/Grigorenko

India to become world’s largest producer of milk by 2026

By Mary Ellen Shoup

Milk production is expected to accelerate worldwide especially in India where it will grow 49% by 2026, contrasting with the steady decline of milk consumption in developed markets like the US, according to the OECD-FAO Agricultural Outlook 2017-2026.

Asia scoops ice cream growth boost as West turns to East for flavours

Asia scoops ice cream growth boost as West turns to East for flavours

By RJ Whitehead

Food historians credit China with inventing ice cream and Marco Polo for bringing it to Italy. Skip forward to the 21st century, and the rate at which Western ice-cream makers are looking to the East for inspiration promises to see renewed momentum—with...

New Zealand meat exporters have welcomed the possibility of reduced trade tariffs

New Zealand opens FTA talks with South America

By Oscar Rousseau

New Zealand has launched talks with four South American countries and red meat exporters to create a free trade agreement (FTA) in the wake of Donald Trump’s Trans-Pacific Partnership (TPP) exit.

USDA secretary Sonny Perdue (centre) led celebrations for the return of US beef to China

China and US celebrate reopening of beef market

By Oscar Rousseau

US beef is back in China after a 14-year hiatus and senior meat figures including agriculture secretary Sonny Perdue marked the occasion in quintessentially American style: by eating a giant steak.

Saudi: Energy drinks prices double overnight

Saudi: Energy drinks prices double overnight

By RJ Whitehead

Prices of energy drinks have doubled in Saudi Arabia this week after a sin tax was introduced last Sunday. Health warnings have also arrived in stores and on cans.

US beef will be heading to China again after a 14-year hiatus

US and China agree on beef that can go east

By Oscar Rousseau

US beef sales to China could soon be reinstated now the US Department of Agriculture (USDA) has finalised trade rules covering traceability and types of meat eligible for export.

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