Dubai’s $44bn industrial strategy targets food sector
Dubai wants to become a key food distribution and production hub for the Middle East, as part of its new 2030 Industrial Strategy which aims to add US$44bn to the emirate’s economy.
Archives for June 28, 2016
Australia/New Zealand
Regulator seeks opinions on a raft of new food safety proposals
Food Standards Australia New Zealand has called for submissions on four new amendments to antipodean food safety regulations covering the use of water in wine production, propionates in processed meat, L-cysteine monohydrochloride as a food additive and...
Brexit: Britain can lead global functional foods & supplements markets
It is EFSA and the EU nutrition health claims regulation (NHCR) that is today the biggest barrier to European innovation in nutrition and Brexit, whatever else it may do, can remove some of those innovation brakes.
Mezzan buys into KSA’s Al Safi for $25m
Kuwaiti food conglomerate Mezzan Holding will buy into Saudi Arabia’s Al Safi Food for up to US$25m, while EIP, one of the buyers of Diamond Meat Processing, eyes further purchases.
Egypt agriculture in chaos amid fraud and inefficiency
Egypt launches an investigation into potentially widespread fraud in its wheat procurement process, as the USDA claims wasteful food and agribusiness policies cost the country US$800m a year.
Ethical labels worth $2bn in UAE market
Sales of products with ethical labels of some sort reached more than US$2bn in the UAE last year, according to Euromonitor, with recycling and preservatives the main areas of focus.
Americana sale back on, NFPC sale off
The sale of Americana finally went ahead this month, with Adeptio paying US$2.4bn, while NFPC abandoned its sale attempt, with potential buyers’ scepticism over expansion plans blamed.
Demand for lamb rises in China
Chinese lamb imports increased by nearly a fifth last month as the soaring price of pork made sheep meat more competitive.
Middle East drives hope for Brazil sweet producers
The Middle East is a bright spot for Brazil’s confectionery industry as the only global market seeing growth, with Brazilian producers hoping to capitalise further on synergies with the region.
Summer Fancy Food Show 2016
Seaweed: How a Korean side dish became a hit with US snackers
In half a decade, seaweed has made the leap from traditional Korean side dish to an ingredient making a big impression on the US snacking scene.
Insects on the world’s menus: Why not?
As most residents of Bangkok, where I live, will confirm, food is a matter of national pride. And most of the eating happens outside the home.