Fonterra has reported an earnings before interest and tax (EBIT) increase of more than 25% for the first half of fiscal year (FY) 2013 – a result it has attributed to sales volume growth from its NZ Milk Products business, Asia, and Latin America.
There is huge potential in sliced bread and rolls in Australia as consumers look for cheap and easy lunch options in the wake of a turbulent economy, an analyst says.
Following a highly successful inaugural summit last week, organisers William Reed Business Media have confirmed that Food Vision will become an annual event, returning to Cannes, France, in March 2014.
According to Pierre-Alain Ceralli, Firmenich’s vice-president for flavours in China, the country now represents 20% of the total flavour industry’s potential. Furthermore, as China transforms its economy from export-led GDP to a domestic-led economic...
With its China business approaching its first half-anniversary, global premix supplier LycoRed has been recruiting senior business development staff for its food and beverage fortification business in the country.
The head of India’s biggest dairy co-operative has called on the commerce minister to stand up for the country during ongoing discussions with the European Union over a proposed free-trade agreement.
Mintel has reported that India leads the way in the Asia-Pacific packaged rice market, with the country’s development in new products more than doubling over the last two years.
Increasing Fonterra-dominated New Zealand’s access to the US dairy sector through on-going Trans-Pacific Partnership (TPP) Free Trade talks would be “damaging” to producers and processors in the country, a coalition of farmer organisations has claimed.
A new study has found that natural seasonings like cinnamon, pineapple and green tea can significantly reduce the formation of cancer causing substances in well cooked meats.
Officials in Indonesia have warned that several industries in the country, including the beverage industry, could be damaged if the proposed minimum wage increase is not delayed.
FoodNavigator-Asia reported this week that New Zealand’s Taura Natural Ingredients is getting ready to launch a new range of concentrated fruit pieces for bakery and food service operators in Asia.
According to a dispatch to parliament, in just under three years since foreign direct investment (FDI) was opened up for the food processing industry, investors have pumped almost Rs6,200 crore (US$1.15bn) into the segment.
Some say it was sneaky, others say it was shrewd, but whatever the motivation, the latest stunt by Coles against its super-rival Woolworths has set the cat among the pigeons in the battle for Australian supermarket supremacy.
New Zealand’s Taura Natural Ingredients plans to launch a new range of concentrated fruit pieces for bakery and foodservice operators in Asia. The products will fit in the premium category and will be specific to the niche.
Eager to move forward with supplying the fast-growing Asian market, food technology major FMC has broken ground on its major new microcrystalline cellulose (MCC) manufacturing facility in Rayong, Thailand, through which FMC expects to increase its global...
Warrnambool Cheese and Butter Factory (WCB) and Kraft Foods Australia have announced the start of a long-term partnership under which Kraft will produce specially formulated cream cheese under WCB's Sungold brand.
The Philippines’ Department of Agriculture has “clarified” the blue-skies announcement by its secretary, Proceso Alcala, in which when he said the country would be in a position to stop importing rice next year.
India’s government is working hard to reach a consensus among scientists, politicians, farmers and consumers to reach a solution on the vexed issue of genetically modified crops, according to the country’s science and technology minister.
Biothera has named Shanghai Toong Yeuan Food Technology as the distributor in China of Biothera’s Wellmune WGP health ingredients for foods, beverages and supplements.
China will become Hershey’s number two market behind the US in the next five years and will get there through advertising, expanding distribution and new launches, according to the company’s CEO.
The UK Food Standards Agency (FSA) is calling for views on an application from Japan’s Miyarisan Pharmaceutical for European Union Novel Foods status for a probiotic strain.
Easter, which falls between March 29 and April 1, is traditionally a period of heavy consumption, and business information analysts Ibisworld have lifted the lid on continued strong holiday expectations and changing tastes in F&B and confectionery...
Children with attention-deficit hyperactivity disorder (ADHD) may benefit from daily supplements of phosphatidylserine (PS), according to a new study from an international team of researchers.
Japanese beverage group Kirin has agreed to sell its domestic food flavouring unit, Kirin Kyowa Foods (KKF), to Mitsubishi Corporation for a reported ¥30.5bn (US$321m).
After days of frenzied negotiations and brinksmanship, delays and declarations, the Indian cabinet has finally approved an ambitious plan to subsidise food for two-thirds of its population, according to early BBC reports.
The Philippines’ embattled agriculture secretary is clearly clairvoyant, otherwise he would never have come out with such a grand prediction as he did last week—that his government plans to shelve rice imports in 2014.
High food inflation in India is “credit negative” for the wider economy, hurting government finances and making it difficult for the country’s central bank to deal with monetary policy, according to Moody’s.
Primary and secondary school students are five times more likely to be high consumers of sugar-sweetened drinks, such as soft drinks, if these drinks are available in their homes, according to a University of Sydney study published in the journal Preventative...
The Australian Competition and Consumer Commission has indicated it will be focusing on the veracity of label and marketing claims after it instituted court proceedings against a duck meat producer.
A longstanding vitamin C price fixing case has reached conclusion with a $162 million judgment in the case involving four Chinese companies. While its a victory for the concept of private enforcement, it doesn’t mean cartel behavior by Chinese companies...
Seven webinars. Brand and supplier insights. Regulatory analysis. Market analysis. Marketing analysis. Science. You had better put this in your diary...
Last year, FoodNavigator-Asia reported that new Japanese regulations governing “acceptable” levels of the antioxidant ethoxyquin in fishmeal was destined to become a grave issue for shrimp exporters. Exactly six months later, the effects of this policy...
Sri Lanka looks destined to build the world’s largest polyethylene terephthalate (PET) packaging resin plant with an investment of over US$500m dollars.
Opportunities for Australian beef in the European Union grainfed market are there, but the big challenge lies in lifting the volume of accredited supply.
The race is on for New Zealand to clean up its act if it is to be world’s first 100% organic food producer now that Bhutan has declared its intention to seal the accolade within the decade.
US FIRM ACCUSES CHINESE ARMY OF GLOBAL IP CYBER ATTACKS
Chinese authorities have accused Coca-Cola China of illegally mapping parts of Yunnan Province, while a high-profile US cyber-security company alleges that the People’s Liberation Army (PLA) is behind at least 115 cyberattacks on US firms, and three foreign...
Beam Inc. insists to BeverageDaily.com that Teacher’s remains the bestselling Scotch Whiskey brand in India, despite press reports suggesting it has lost that position to Pernod Ricard’s 100 Pipers in the wake of Beam’s ongoing probe into potential local...
India has hotly debated the use of GM crops both on a societal and political level. The discussion around the issue is at most times primal. Travel tip? You would be well advised not to use this as an ice-breaker in any of the leftist states.
China’s poultry producers have long lived in the shadow of the pork industry, which remains the meat of choice throughout the nation. But now it seems that poultry is finally starting to develop in its own right.
The owner of a Washington State winery says that Chinese wine consumers in the ‘middle ground’ are hungry for affordable US wines that assure them a quality that native products often lack.
The Australian Food and Grocery Council (AFGC) has celebrated last week’s ruling by the Federal Court against the Northern Territory Container Tax—the AFGC’s bête noir—by announcing a A$100m industry-led recycling scheme and releasing data to show that...
International Flavors & Fragrances (IFF) has opened a new flavors facility in Guangzhou, China, as part of a $100m investment in Greater Asia as it looks to increase its presence in emerging markets.
The chief of EFSA’s health claims panel will discuss where the agency stands on the topic in 2013, at this year’s Vitafoods conference and expo in Geneva in May.
Anticipation that China will elevate the status of the existing State Food and Drug Administration to an all-encompassing body (SFDA) is mounting following the submission of a report to the country’s parliament’s annual session.
In what has been dubbed a “hugely important finding”, Australian researchers have found that medical-grade manuka honey can be used as a new weapon in the fight against drug-resistant bacteria, such as the MRSA superbug.
Better food fortification initiatives are required to tackle the global problem of hidden hunger that accounts for 10% of health costs, a Nestlé-sponsored congress heard in Germany today.
