KPMG highlights 'misconceptions' about offshore interest in NZ dairy land
KPMG has published a report that highlights "misconceptions" about Chinese investment in New Zealand dairy farm land.
Archives for October 15, 2015
Nestlé cuts full year outlook as Maggi noodle scare hits sales
The worlds biggest packaged food manufacturer, Nestlé, has revised its growth target for the year to 4.5%, after the Maggi noodle recall in India knocked sales and under-calculated U.S. Skin Health rebates weighed down profits.
Shanghai Maling pushes forward with Silver Ferns Farms deal
China’s leading meat processor Shanghai Maling Aquarius Group is one step closer to taking a 50% stake in New Zealand’s Silver Fern Farms, after shareholders voted with an 82% majority in favour of the deal.
Local players gain ground on global brands in Asia’s cooling market
Kantar Worldpanel has released what it claims to be the first report to chart the shift in the competitive landscape of Asia’s FMCG market, where local brands are asserting their dominance over their global rivals.
Far East digest
Taiwan to begin process to define chocolate standards
Taiwan’s food regulator expects to begin a process whereby it will form a clear-cut definition of chocolate in a bid to weed out fake versions.