Danone to acquire 25% stake in Chinese infant formula firm Yashili
French dairy Danone has agreed to acquire a 25% stake in Chinese infant formula firm Yashili International for HK$4.389bn (US$565m, €450m).
Archives for October 31, 2014
Kuwait’s Mezzan plans IPO
Kuwait food producer and distributor Mezzan Holding is planning to list on the Kuwait Stock Exchange (KSE), offering 30% of its shares for sale.
China lifts 2013 ban on Fonterra infant formula ingredients
China has lifted its ban on the import of Fonterra two infant formula ingredients, more than a year after it was implemented in the midst of the 2013 botulism scare.
Saudi buys 50,000 tonnes of barley from Openfield co-op
Saudi Arabia has imported 50,000 tonnes of barley from Britain, the UK farming co-operative organisation Openfield announced.
Growth in China, stagnation in US means Usana is now 'essentially an Asian company,' analyst says
Usana Health Sciences recorded a sales decline in the United States in its Q3 2014 earnings statement that was more than offset by rapid growth in China. The numbers have become so lopsided that one analyst said “essentially you're are an Asian company...
Israel to increase imports of kosher meat
The Chief Rabbinate of the State of Israel (CR) has said the country is looking to increase its supply of imported kosher meat.
Calcium supplementation could prevent reduced bone density in active post-menopausal women: Study
Calcium supplementation (Marigot’s Aquamin) could prevent exercise-associated bone density reduction in post-menopausal women, according to an American study.
Qatar allows Canadian beef, but other bans remain
Qatar has agreed to allow imports of Canadian beef, effective immediately, as other meat producers continue to lobby regional governments.