Archives for July 29, 2004

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ADM hit by volatile soybean market in China

US ingredients giant ADM saw double-digit sales growth for the year but overall profits were dragged down by a volatile soybean market in China. The company said that many cancelled orders from soy meal buyers there had particularly impacted results...

Is this the end of China's wet markets?

Farming in China needs serious investment if domestic food production is to keep up with rising food consumption. But with a growing emphasis on food quality and safety, future investment in the sector looks seems an inevitable route towards the...

NFZA believes contaminated corn came from China

The New Zealand Food Safety Authority (NZFSA) says that it has come across lead contamination in cornflour milled from imported corn following routine food safety tests on a number of food products. The organisation says that it has now traced the...

Asia round-up: China M&A activitity booms

Mirroring China's record economic growth, mergers and acquisitions activity has boomed to record levels this year. According to PricewaterhouseCoopers M&A activitity in both Hong Kong and China grew 168 per cent in the first half of this year to $26...

SMC expands in Vietnam

The Philippines-based San Miguel Corporation has broken ground on a non-alcoholic beverage facility in South Vietnam. The move comes as part of the company's plans to increase its operations outside the domestic market - aims that have already seen...

Unilever hit by discounting in Asia

Unilever has reported a small fall in sales for its operations in the Asia Pacific region during the first half of the year, as overall results are dragged down by even worse performances in the European and North American markets. The company said...