Tesco eyeing China?
Britain's biggest food retailer Tesco looks set to take a further step towards its goal of competing with global giants such as Carrefour and Wal-Mart with a move into the massive Chinese retail market.
News & Analysis on Food & Beverage Development & Technology
Britain's biggest food retailer Tesco looks set to take a further step towards its goal of competing with global giants such as Carrefour and Wal-Mart with a move into the massive Chinese retail market.
Trade in food and beverage products is expected to grow significantly on the back of an agreement made between China and Vietnam which will end tariffs on nearly 500 seafood and agricultural products during the course of the next four years.
Vietnam is seeking to import between 500,000 to 600,000 tonnes of corn for feed as it moves to restock poultry flocks hit by the outbreak of bird flu earlier this year, even though the FAO has warned the country not to resume poultry farming too...
China claims to have had an early success in stamping out the bird flu that has been causing severe hardships to the country's numerous poultry farmers, after the mass culling of some nine million birds over the seven weeks since the first outbreak.