Consumers don’t connect with food any more
UAE consumers have forgotten how to connect with food, and are lacking basic knowledge around food safety and nutrition, according to a food safety consultant.
Archives for July 23, 2015
Danone to swap Dumex China infant formula unit for larger stake in Mengniu
Danone plans to use proceeds from the proposed sale of its Dumex China infant formula business to increase its stake in Mengniu.
Middle East’s Brazilian egg sales up 41%
Imports of Brazilian eggs by Middle Eastern buyers grew 41% in the first half of the year, with sales totalling US$6.9m, according to the Brazilian government.
Juhayna profits up 64% as costs fall
Egyptian dairy and juice producer Juhayna saw profits rise 64% year-on-year to US$8.3m in its second quarter, with total revenue of US$140.6m, up 16%.
Emerging markets
‘India’s first aerated chocolate’: Mondelēz brings bubbly platform to fastest growing emerging market
Mondelēz International has launched what it claims is India’s first aerated chocolate by bringing Cadbury Dairy Milk Silk Bubbly to the world’s fastest growing chocolate market.
Savola accused of dumping oil in Iranian market
Savola Group’s Iranian subsidiary is under fire in Iran for allegedly dumping vegetable oil in the market, a month after MPs attacked the Saudi firm’s investments in the country.
Australia signs pioneering cattle deal with China
Australia has signed a deal to be the first country to export live cattle for slaughter to China.
Egypt to activate South America trade deal by year-end
Egypt is aiming to implement its food tariff-slashing free trade agreement with the South American Mercosur countries by the end of the year, a minister has said.
KSA’s HAQ starts new banana contract
Saudi-based Hussain Al Qurashi Group has initiated a new contract with BanaBay to receive 83 tonnes of Ecuadorian bananas a week, with potential for expansion.