Honk Kong based funds management firm, Value Partners, could be set
to invest in the growing Chinese monosodium glutamate (MSG) and
fermentation market, according to local news reports.
China, South America and Europe combined to offset disappointing
performances in North America and South Africa during brewer
SABMiller's third quarter.
Two Singaporean firms, Tee Yih Jia Food and Super Coffeemix, are
working with Chinese firm Jiangsu Hengshun Sauce and Food on
building the world's largest vinegar factory in Zhenjiang city,
Jiangsu province.
Asian Citrus, China's largest orange plantation owner, is readying
to launch high-value, freshly squeezed orange juice for wealthier
Chinese consumers happy to spend more on convenient food products.
VV Group, China's leading soymilk producer, has bought a stake in
an alcohol maker as it looks for more profitable business to
counter falling soymilk sales.
More duck eggs containing the carcinogenic dye Sudan Red have been
found in China, food officials said yesterday, expanding the recall
outside of Beijing to the country's east coast.
China's increasingly savvy chocolate consumers will be better
equipped to choose higher quality chocolate if new regulations
entering into force next month are properly enforced.
Belgian lactic acid producer Galactic will double capacity at its
joint venture plant in China to meet rising demand for the additive
in food production.
Beverages with a healthy twist are booming within the Chinese
beverage market according to a report from global beverage research
specialists Canadean.
The rapid growth of China's fast food industry is boosting demand
for frozen French fries and other processed potato products,
helping to offset a downward trend in more mature markets due to
consumer health concerns, reveals...
If the Chinese government gives in to mounting international
pressure to revalue its currency, it could spell the end of cheap
exports, a move that many anticipate would have a knock-on effect
on raw materials costs for the food industry....
Almost 300 people were hospitalized in Shanghai last week, after
suspected food poisoning by pork containing a banned animal feed
additive, the state media Xinhua reported on Friday.
China's biggest wine producer Changyu has set up an alliance with
Canadian ice wine maker Aolos to build what is expected to be the
largest ice wine estate in the world.
Chinese dairy Yili, one of the country's top two, has increased
sales and profits in the first six months of the year despite
rising raw material costs, reinforcing its market share in the
fast-growing dairy sector.
Chinese confectionery firms are spotting the opportunities involved
in targeting the country's only-children, who are commanding an
increasing share of their parent's rising incomes.
Several small producers of carbonated drinks in China do not meet
the quality standards set by the country's food authorities,
according to a recent survey.
China's fresh tomato and processed tomato production is set to
surge this year, driven by unusually high prices on the domestic
and world markets that have boosted planted areas.
Environmental campaign group Greenpeace attacked the Hong Kong food
safety authority last week for failing to improve testing for
pesticides in fruit and vegetables imported from mainland China.
The Shanghai Food and Drug Administration is to make recalls of
spoiled or potentially harmful food obligatory for food
manufacturers under the first law of its kind in China.
China's ministry of commerce has issued guidelines to the country's
farmers and farm produce exporters on how to meet tough new
standards in Japan, one of China's biggest export markets.
Several provinces in western and northern China are facing food
shortages due to a prolonged drought that has left hundreds of
reservoirs dry and tens of thousands of wells either dry or nearly
empty, reported the UN's Food and...
Chinese dairies need to invest more in R&D to capitalise on
future growth in added value products like milk drinks, cheese and
yoghurts, advises a new report from consultants McKinsey.
US soft drinks giant Pepsi opened its first research and
development centre outside the US in Shanghai yesterday, signaling
its commitment to the fast-growing Chinese market.
Uni-President, Taiwan's biggest food group, is looking for private
equity to allow it to expand further in the Chinese beverage
sector, according to a report.
PepsiCo has announced it will invest another $850m in China over
the next three years in recognition of the country as a rapidly
emerging market for soft drinks and snack foods.
Consumption of vitamins and minerals in China is growing, thanks to
immense economic growth and the emergence of a new consumer
culture. There may be opportunities for foreign companies to export
to the country to make up for a shortfall...
A Vegetarian Food Industry Association will be set up in China this
year to combat the use of animal material in vegetarian products,
according to the China Food Culture Research Organisation.
South Korea's Lotte Confectionery Company, the country's largest
snack food manufacturer, has acquired a 100 per cent stake in a
Chinese confectioner - a move which will not only bolster its
influence among China's...
French dairy giant Danone has received approval from the Chinese
authorities to more than double its existing stake in China's
biggest dairy company, Tom Armitage reports.
Heineken last week announced its decision to acquire a 40 per cent
stake in the Chinese brewery Jiangsu DaFuHao, after intimating in
its February results that it would continue to look for investment
opportunities.
The future of the milk formula market in China lies with better
product quality and greater brand loyalty following the revelation
last year that much of the formula on sale there was fake. The move
towards higher margin products...
As Chinese consumers become more aware of genetically modified (GM)
food, rejection of the technology is also growing in China,
according to Greenpeace.
Thirty-two Chinese companies are to appeal against a ruling by the
US Department of Commerce which found them guilty of dumping large
quantities of shrimps onto the US market and imposed punitive
import duties.
China is becoming an increasingly potent force in the worlds food
market, with sales continuing to grow each year in line with
substantial gains in consumer spending power, writes Chris
Jones.
Indofood, Indonesia's biggest food company, has reported 2004
profits severely hit by the devaluation of the rupiah, but remains
hopeful of an upturn in 2005 following efforts to reduce its
exposure to exchange rates and the...
One of Asia's biggest food retailers, Dairy Farm, has this week
announced strong sales growth for 2004 helped by the recovery of
many local economies and a raft of recent acquisitions. But
increasing competition from European...
China Food Industries has announced plans to triple the size of its
cold room facilities, despite announcing a fall in sales for the
full year ending in December.
