ADM sells stake in GrainCorp; completes revamp of Ukraine oilseed plant
Archer Daniels Midland Company (ADM) has sold its stake in GrainCorp Limited soon after separately reopening its oilseed processing facility in Chornomorsk in the Ukraine.
Archives for December 6, 2016
China infant formula uncertainty claims another victim: Murray Goulburn and Mead Johnson deal scrapped
Australian dairy co-operative Murray Goulburn and Mead Johnson Nutrition have scrapped an agreement signed in March to supply infant formula to Asia.
Hilton Food Group to open Australian processing facility
Hilton Food Group is to expand its Australian presence with the announcement that it is to construct a new meat processing facility in Queensland.
Rapid iron infusion trial to tackle widespread deficiency among children in Australia’s Northern Territory
A project in Australia’s Northern Territory is to trial giving anaemic children rapid iron infusions before they are discharged from hospital in an attempt to reduce the risk of ongoing iron deficiency.
China’s chicken supply chain in danger
China’s supply chain faces a challenge with historically low breeding stock supplies compounded by outbreaks of bird flu in markets China depends on for a regular flow of grandparent birds.
South Asia radius
Amira joins select few firms with permission to ship rice to China
Dubai-based Amira Nature Foods, which manufactures packaged Indian specialty rice, is now one of only a select few Indian companies allowed to export rice to China after they were granted approval for basmati shipments.
China
SIAF aquaculture offshoot given green light to expand with $36m loan
Chinese protein investment major Sino Agro Food Industries’ fisheries subsidiary has been approved for a CNY250m (US$36.3m) loan to expand its operations.
Functional benefits remain white space in China’s snack market, Mintel
A Mintel report shows that the Chinese snack food sector is fragmented, with the top 10% companies accounting for only 11.7% of market share.
Probiotics protection: Yeast wall compound improves survival in food products
The components of yeast cells wall could be a viable protective coating for probiotics in functional foods, suggest researchers.
Asian grocery growth to outpace Europe and North America combined
Asia will remain the biggest engine of growth in the grocery market with sales expected to exceed those of Europe and North America combined within five years, according to new forecasts.
China
Cargill opens development centre in Shanghai for most food streams
Cargill has pooled its resources across a range of divisions to open its first innovation centre in Asia, which employs some 50 researchers, nutritionists and chefs.
Local acquisition will vertically integrate Ingredion’s China business
Ingredion has completed the acquisition of Shandong Huanong Specialty Corn Development in China from Pingyuan County Juyuan State-Owned Asset Management for an undisclosed sum.