Hershey brand launch in ‘fastest growing’ Chinese confectionery segment
Hershey has launched a new brand in China that will operate in what it has called the country’s fastest growing confectionery segment.
Archives for May 20, 2013
Sale of forgotten wheat could put a dent in India's national debt
The Food Corporation of India could potentially earn over Rs25,000 crore (US$4.5bn) by exporting wheat lying in open warehouses, according to an Assocham study.
Ready meals on the rise in time-poor Japan
With a value growth of 4.3% expected between 2012 and 2017, the prepared meals sector has been showing above-average growth in Japan.
Australian container tax
Australian grocers leader slams ‘misleading’ environmental campaign
Once again voicing its opposition to the thorny issue of container deposit schemes, the influential and vocal Australian Food and Grocery Council has hit out at an environmental group it claims has “actively misled petitioners” over a proposal to...
Nestlé quashes rumours of Punjab pull-out
Nestlé India has quashed rumours that it will withdraw from its first dairy unit in the country by committing to a Rs250 crore (US$45m) expansion to the Moga plant in Punjab.
Food deals form major part of India-China’s $100bn commerce plan
In light of India’s trade deficit with China, which since 2010 has more than doubled to over US$40bn, the country hopes that three food and pharmaceutical agreements signed with China this week will have an impact on the shortfall.
Omega 3 squid oil processor gets Australian approval
Pharma Marine, a Norwegian company sourcing omega 3 oils from squid, has announced approval of its Calamarine product by Australia’s Therapeutic Goods Administration.