April 2009 Entries
April 30 2009 - Sugar yield in Brazil’s Center South, the world’s largest-producing region, will climb 17% this year, following increased cane planting and sugar prices.
The region produces over 80% of Brazil’s sugar.
Read full article [FoodBizDaily]
posted @ Thursday, April 30, 2009 2:48 PM |
April 30 2009 -The Malaysia External Trade Development Corporation (MATRADE) will focus this year on sales missions to up-and-coming markets in ASEAN, West Asia, Central Asia, China, and Latin America to ensure a stronger presence for its services and manufacturing sectors.
Read full article [FoodBizDaily]
posted @ Thursday, April 30, 2009 2:30 PM |
April 30 2009 - Multinational packaged food company Nestle has set up a regional hub in Kenya, at the Export Promotion Zone in Athi River, to spearhead its business in 16 African countries. It will operate as Nestle Equatorial African Region EPZ.
Pierre Trouilhat, the region’s head, said Kenya was the obvious choice because of its excellent service, communication, and reduced complexities in business.
Read full article [FoodBizDaily]
posted @ Thursday, April 30, 2009 2:06 PM |
April 30 2009 - With the achieving of self-sufficiency in rice production for the first time since the 1980s, Indonesia’s state logistics agency, Bulog, is now all set to export medium-quality rice to the Philippines.
Read fill article [FoodBizDaily]
posted @ Thursday, April 30, 2009 11:45 AM |
April 29 2009 - Speaking in a seminar in Sao Paulo, Perdigao chairman Nildemar Secches informed that the largest pork meat exporter in Brazil suffered no cancelations of export orders caused by swine flu fears.
Read full article [FoodBizDaily]
posted @ Wednesday, April 29, 2009 5:52 PM |
April 29 2009 - The Vindija food corporation opened its new factory on Tuesday in Varazdin, Croatia.
The new 'Koka' plant offers fresh and frozen chicken meat, sausages and canned products and will produce the brands Cekin and Vindon, employing 100 new workers.
Read full article [FoodBizDaily]
posted @ Wednesday, April 29, 2009 1:39 PM |
April 29 2009 - Fonterra is leaving the ice cream business in Australia, selling its Peters and Connoisseur brands to Nestle and selling its license to manufacture and market the Cadbury ice cream range in Australia to Regal Cream Products, from Bulla Dairy Foods.
Read full article [FoodBizDaily]
posted @ Wednesday, April 29, 2009 12:37 PM |
April 29 2009 - Viterra Inc., Canada’s largest grain handler, is planning to buy Australia’s ABB Grain Ltd. for A$1.6 billion ($1.1 billion) to include supply from the world’s second-biggest barley exporter and fourth-largest wheat shipper.
Read full article [FoodBizDaily]
posted @ Wednesday, April 29, 2009 11:44 AM |
April 29 2009 - The world’s largest dairy exporter Fonterra Cooperative Group Ltd. is selling to partner Britannia Industries Ltd. its stake in an Indian milk products venture to concentrate on other markets.
Read full article [FoodBizDaily]
posted @ Wednesday, April 29, 2009 11:17 AM |
April 29 2009 (FoodBizDaily) - Dabur India will expand its soft drink range by introducing apple-based non-fizzy drink on May 1 in a countrywide rollout.
The drink will be sold through groceries and other retail channels in 200 ml and 500 ml packs, priced at Rs 15 and Rs 45 respectively.
Dabur’s new fruit-based soft drink will contain minimum 10-15 percent of real fruit. The company plans to promote the drink initially through Below-the-Line strategies and shift to Above-the-Line vehicles afterward.
posted @ Wednesday, April 29, 2009 11:11 AM |
April 29 2009 - Vietnam's General Statistics Office said on Tuesday that Vietnam’s rice exports this year reached nearly 2.5 million tons, amounting to 1.16 billion U.S. dollars, which is a rise by 50% in volume and 44% in value compared to last year.
Read full article [FoodBizDaily]
posted @ Wednesday, April 29, 2009 11:01 AM |
April 29 2009 - International Trade Minister Stockwell Day said Canada has issued notice to the Obama administration informing that Canada intent to file a complaint with the World Trade Organization on country-of-origin labeling requirements affecting Canadian meat exports.
Read full article [FoodBizDaily]
posted @ Wednesday, April 29, 2009 10:54 AM |
April 29 2009 - Used to being hit at regarding product safety for everything, China was quick to ban U.S. pork imports following the swine flu outbreak.
The move by China and some other countries on Tuesday drew a reprimand from U.S. officials, who warned the trading partners that such embargoes could trigger "serious trading disruptions."
Read full article [FoodBizDaily]
posted @ Wednesday, April 29, 2009 10:41 AM |
April 28 2009 - Another Chinese company may be involved in a melamine-tainted scandal. This time the suspicion falls on the Morning Garden Dairy Company in Jinhua City, Zhejiang Province.
Apparently an anonymous letter was sent to authorities exposing the company illegal practice of adding leather protein to its dairy products to increase their apparent protein level.
Read full article [FoodBizDaily]
posted @ Tuesday, April 28, 2009 12:39 PM |
April 28 2009 - The French food industry is expected to fare comparatively well in the economic meltdown despite accepting price cuts in deals with supermarkets this year, said the head of the industry's lobby - Association Nationale des Industries Alimentaires (ANIA). But it will only be clear after the summer whether the industry has managed to ride out the crisis, said ANIA President Jean-Rene Buisson.
Read full article [FoodBizDaily]
posted @ Tuesday, April 28, 2009 11:51 AM |
April 28 2009 (FoodBizDaily) - In another precautionary action against the swine flu virus threat in the US and Mexico, now is China to prohibit US and Mexican imports of live pigs and pork products.
Shipments from April 26 will be returned or destroyed, and those before April 26 will undergo virus checks before entering China.
China is the world's biggest pork producer and consumer, and is mostly self-sufficient in pork products, except last year when an outbreak of blue ear disease in the country made it buy US pork products. Pork forms 60% of China's total meat consumption.
Swine flu has claimed...
posted @ Tuesday, April 28, 2009 11:37 AM |
April 28 2009 (FoodBizDaily) - Lebanon prohibited pork imports and cautioned pig farmers across the country against the swine flu threat. The agriculture ministry’s ban, however, does not include canned pork products. Pork shipments from swine flu-affected countries must be destroyed, the ministry added. The ministry informed that WHO-recommended preventive measures are being implemented and farmers countrywide have been asked to report any signs of swine flu.
WHO officials have increased the efforts to combat the disease, following the death toll rise in Mexico to a probable 103 and the US’s declaration of a public health emergency. A total of 1614...
posted @ Tuesday, April 28, 2009 11:26 AM |
April 28 2009 -Iranian authorities have discovered that the citrus fruit pomelos on sale in the country were being sold marked as Israeli-grown Jaffa sweeties. The supply of the fruit was stopped at once, and the authorities have vowed to catch the offenders.
The fruit pomelit, or the Jaffa sweetie, is a pomelo-grapefruit hybrid and is popular worldwide. The fraud was exposed when BBC reported that the pomelit fruit currently being marketed under the Israeli brand name Jaffa were actually Chinese fruit.
Read full article [FoodBizDaily]
posted @ Tuesday, April 28, 2009 11:19 AM |
April 27 2009 - According to the Italian authorities, Vietnamese basa catfish has been successful in achieving the required hygiene and food safety standards which are necessary and adequate for its continued consumption on the Italian market.
Romano Marabelli, Head of the Department for Veterinary Public Health, Nutrition and Food Safety under the Italian Ministry of Health sent the declaration through an official letter to Luong Le Phuong, the deputy minister of Agriculture and Rural Development (MARD).
Read full article [FoodBizDaily]
posted @ Monday, April 27, 2009 12:18 PM |
April 27 2009 - The global economic slump is expected to have an impact on the export of Alphonso mango from India, as this year, the orders for mangoes from the US is likely to witness a decrease, according to an industry official.
"The general economic slowdown has impacted exports to the US as we have fewer orders this year," said Deepak Patil, a Mumbai-based fruits exporter. As usual, the alphonso mango exporters have already embarked on the routine preparations, such as meeting the mango growers, placing orders, and putting their names down for the irradiation facility. Mango exports will...
posted @ Monday, April 27, 2009 12:12 PM |
April 27 2009 - The Tuna Canners Association of the Philippines (TCAP) informed that it is planning to request the European Commission to put off a certification program for fishery products that come into the European Union (EU) with effect from January 1, 2010.
During an interview, Francisco J. Buencamino, the TCAP executive director, pointed out that the export of their fishery products to the European Union is bound to become more costly for tuna canners with the coming into effect of the scheme against illegal, unreported, and unregulated fishing.
Read full article [FoodBizDaily]
posted @ Monday, April 27, 2009 11:54 AM |
April 26 2009 (FoodBizDaily) - A new era is starting for Cayman businesses.
Known for its pristine beaches and most important the diverseness of financial services that it offers to the world, the Cayman Islands are now joining the club of beer exporters fighting for shelf space in the US.
A local brewer - Cayman Islands Brewery (CIB) - is shipping its “Caybrew” to a distributor in Florida; a first for Cayman manufacturers, and the fact is been praised as an entrepreneur success history by Dax Basdeo, the CEO of the Cayman Islands Investment Bureau.
“This is an excellent opportunity for the CI Brewery...
posted @ Sunday, April 26, 2009 10:02 AM |
April 25 2009 - A survey conducted by Global Intelligence Alliance Group (GIA) among 40 major food manufactures in Japan concluded that “organic” and “reduced sugar” are topping the list of trends with noticeable importance in that market.
The market penetration of health foods in Japan is no greater than 0.5 percent of total food market according to the Japanese Trade Commission; what represents an opportunity for organic foods imports as well as local production, although Japan's limited farmable area impacts negatively the prospects of local grown organics.
Food suppliers – local and abroad – willing to explore this untapped potential must...
posted @ Saturday, April 25, 2009 12:14 PM |
April 25 2009 - The chairman of Nisshin Seifun Group Inc. will resign after deeming that the firm's operations are solid following restructuring eight years ago, company officials said.
Osamu Shoda, who is the second son of former Nisshin Seifun President Hidesaburo Shoda and a younger brother of Empress Michiko, will step down as the food giant's chairman and board member on June 25.
The 66-year-old chairman will become an honorary chairman and adviser to the company. No one will succeed his position, and no founder family members will remain on the board.
Shoda, who became president of Nisshin Seifun in 1986, led...
posted @ Saturday, April 25, 2009 11:29 AM |
CARRINGTON , ND April 25 2009 - A man has turned his small family farm into an international exporter of specialty oilseeds and has plans to expand his oilseed business even further in the coming months.
Roger Gussiaas, president of Gussiaas Family Farm Inc., became the owner of the original Gussiaas farm with his wife, Stacey, in 1994. A fact sheet on the farm says that traditionally spring wheat, sunflowers, barley and flaxseed were produced, but now several oilseeds along with grasses such as barley and wheat are raised to improve crop rotation to naturally break weed, disease and insect cycles.
In...
posted @ Saturday, April 25, 2009 10:14 AM |
April 25 2009 - The report from the Rural Association of Uruguay, ARU, indicates that livestock losses totalled 448 million US dollars including 573.000 calves less that will be missing from future beef exports, Uruguay’s main export item. Improved pastures that will never bloom represented 74 million US dollars.
This can be summarized in 680 million US dollars of future beef exports since the biological cycle to obtain the right weight for sales in international markets has been virtually frozen for six months because of insufficient food and water, said Manuel Lussich, ARU chairman.
Dairy farming losses have been estimated in 92.2...
posted @ Saturday, April 25, 2009 10:03 AM |
April 24 2009 (FoodBizDaily) - On Thursday, a Los Angeles Superior Court Judge dismissed the two remaining lawsuits brought by Nicaraguan plaintiffs pending in that court against Dole Food Company, Inc. and two other companies, in response to clear and convincing evidence that the plaintiffs, and certain of their attorneys, fabricated their claims, engaged in a long-running conspiracy to commit a fraud on the court, used threats of violence to frighten witnesses and suppress the truth, and conspired with corrupt Nicaraguan judges, depriving Dole and the other companies of due process.
Read full article [FoodBizDaily]
posted @ Friday, April 24, 2009 12:11 PM |
April 24 2009 (FoodBizDaily) - The Japanese brewer Kirin Holdings Co. intents to buy remaining 54 percent of stock it currently doesn’t own in the Australian Lion Nathan Ltd and assume full control of the maker of Tooheys and Hahn , Steinlager and Speights.
The information comes from Lion Nathan.
Read full article [FoodBizDaily]
posted @ Friday, April 24, 2009 11:57 AM |
April 24 2009 - While visiting Indonesia Prime Minister Dato` Sri Mohd. Najib Bin Hj. Tun Abdul Razak stated his country’s intention to cooperate with Jakarta in the development of agricultural technology through joint research in the agricultural field.He also manifested the intention to import rice.
Read full article [FoodBizDaily]
posted @ Friday, April 24, 2009 11:34 AM |
April 24 2009 - Despite the harsh economic environment Thai producers may still see grow in sales if they focus on the basics of the export business- That’s the opinion of Thirapong Chansiri, president of Thai Union Frozen Products (TUF), the country's leading processor and exporter of canned and frozen seafood
Read full article [FoodBizDaily]
posted @ Friday, April 24, 2009 11:10 AM |
April 23 2009 - The world largest fresh-fruit producer Dole Food Co. claims the accusations in a lawsuit presented against the company in California are fraudulent and based on fake documents and testimonies.
Read full article [FoodBizDaily]
posted @ Thursday, April 23, 2009 2:21 PM |
April 23 2009 – From the increasingly enthusiastic interest shown by both local and international companies to take part in the Malaysia International Halal Showcase 2009 (Mihas 2009), it can be inferred that acceptance of the halal industry is growing at a fast pace globally.
Read full article [FoodBizDaily]
posted @ Thursday, April 23, 2009 1:56 PM |
April 23 2009 - Severe flooding that parts of the Canadian Prairies experienced will have little or no effect on either causing a reduction in the country's wheat crop or keeping farmers from seeding record canola acreage, according to grain traders and analysts who expressed their view before the scheduled release on Friday by Statistics Canada of a report on planting intentions.
Read full article [FoodBizDaily]
posted @ Thursday, April 23, 2009 1:47 PM |
April 23 2009 - In a bid to stay in the competition for consumers, who are becoming more and more cost-conscious and turning away from spending unless absolutely necessary on account of the downward spiraling of world economy, French Carrefour (CARR.PA) has come out with a low-cost private lable scheme .
Read full article [FoodBizDaily]
posted @ Thursday, April 23, 2009 1:37 PM |
April 23 2009 – On Wednesday, Dutch food group Wessanen NV announced that it is planning to review the North American operation and possibly exit the region to concentrate on Europe in an effort to improve financial results.
The market liked the announcement with shares in Wessanen (BSWSc.AS) extended gains and raising steeply to 3.09 Euros from 2.8 Euros a day before .
Read full article [FoodBizDaily]
posted @ Thursday, April 23, 2009 12:27 PM |
April 23 2009 -- Nestle SA registered an unexpected drop in sales of its bottled water for a second consecutive quarter mostly due to the consumers "trading down" from Perrier and San Pellegrino to cheaper options.
According to a statement issued by Nestle , there was a decrease in the First-quarter revenue to 25.2 billion Swiss francs ($21.6 billion); this is a drop by 2.1 percent. This figure falls short of the median estimate arrived at by analysts, which was 26 billion Swiss francs; also, this was history as it was for the first time in a period of four years that Nestle...
posted @ Thursday, April 23, 2009 12:05 PM |
Wimm-Bill-Dann, Russia’s largest dairy company, is seeking acquisitions, Chairman David Yakobashvili said.
As financial turmoil squeezes out smaller producers around the world, Wimm-Bill-Dann is looking for purchases in the dairy and baby food areas in Russia and abroad. Potential targets can be based in “any type of a country in which we can have profitability,” he added.
Read full article [FoodBizDaily]
posted @ Wednesday, April 22, 2009 6:42 PM |
April 21 2009 ( ) - China will dispute the US at the World Trade Organization (WTO) in regardds to American restrictions to poultry imports from China.
Scandals as regards food safety that have gone a long way in tarnishing the reputation of Chinese goods in the recent past are what prompted the United States to take this step. However, Beijing continues to maintain that its poultry industry meets international standards
Read full article [FoodBizDaily]
posted @ Tuesday, April 21, 2009 3:48 PM |
April 21 2009 (FoodBizDaily) - This year, New Zealand’s revenue from apple exports is expected to hit an all time high thanks to superior quality crop and competition that is under pressure.
According to Peter Beaven, the Pipfruit NZ CEO, farmers in New Zealand are all set to be a “blessed” lot this year, with export earnings estimated to skyrocket to a record NZ$500m, as per the report on stuff.co.nz.
Read full article [FoodBizDaily]
posted @ Tuesday, April 21, 2009 2:33 PM |
April 21 2009 - Following an unanticipated drop in the production of wheat due to a faster than expected scaling back of output by the local producers, the Saudi grains import authority is under pressure to take steps to add to the nation’s strategic stocks of wheat, officials reported Yesterday.
Read full article[FoodBizDaily]
posted @ Tuesday, April 21, 2009 1:54 PM |
April 21 2009 - The provincial government of West Sumatera is aiming to export cocoa worth Rp1 trillion ( +- U$93 million) to Singapore in the ongoing year 2009. Last year, a quantity of cocoa to the tune of 32,000 tons, which was valued at Rp744 billion, was sold in exports by the Indonesia province.
Read full article [FoodBizDaily]
posted @ Tuesday, April 21, 2009 12:48 PM |
April 21 2009 -- Rice futures in China went up on their opening day of trade on the expectations of the investors that prices may undergo a boost following the government moves to increase interest in planting and food security. China is the biggest grower of the grain in the world.
Read full article [FoodBizDaily]
posted @ Tuesday, April 21, 2009 12:32 PM |
April 21 2009 - Pakistan has put forward an offer of one million acres of farmland to be given for lease or sale to any countries looking for ensuring the safety and security of their food supplies, according to an announcement on Monday from an official belonging to the country’s ministry of finance. Pakistan assures that this area of farmland will also be provided protection by a special security force.
Read full article [FoodBizDaily]
posted @ Tuesday, April 21, 2009 12:24 PM |
April 20 2009 (FoodBizDaily) - In Japan, consumption of imported beef went up by 14% in February year-on-year, to a total volume of 38,275 tonnes (boneless equivalent); this is the highest February volume since the year 2003, reported the Agriculture and Livestock Industries Corporation of Japan.
The main reason for the increase in the consumption of imported beef consumption was the decrease in the import costs, which was in turn caused by the weak Australian dollar and the reduced export prices from Australia.
Read full article [FoodBizDaily]
posted @ Monday, April 20, 2009 4:20 PM |
April 20 2009 - With effect from May 1, compulsory labeling of genetically modified organisms (GMO) will be annulled, according to the reports issued by a chief of GMO laboratory at Ukrmetrstandart Ruslan Holubetz. As per the Segodnya newspaper reports, the Cabinet has not given its approval for the labeling procedures.
Read full article [FoodBizDaily]
posted @ Monday, April 20, 2009 3:52 PM |
April 20 2009 - As per reports of the Valencia Fruits magazine, it will be possible for the horticultural companies in the Spanish province of Almeria to send by sea their products to Europe, starting from the next campaign.
A shipping line that will be used to transport, as of November, fruits and vegetables from the port of Almeria to the French city of Dunkirk, in the northern region of the country, was presented in partnership by the Bahía Almeriport Foundation, the Port Authority, and the University of Almería.
Read full article [FoodBizDaily]
posted @ Monday, April 20, 2009 2:47 PM |
April 20 2009 - Vincent Van Quickenborne, the Belgian Economy Minister, has solicited the competition authority to look into the delays in payments to suppliers in order to find out whether Anheuser-Busch InBev (INTB.BR) has misused its dominant position in delaying payments.
Read full article [FoodBizDaily]
posted @ Monday, April 20, 2009 2:17 PM |
April 20 2009 (FoodBizDaily) – The global economic crisis has taken a toll on Europe’s exports to its chief trading partners. In January, the rate of exports witnessed its biggest slump in a period of at least nine years as the worldwide financial downturn ate up orders for products ranging from cars to food and beverage.
Read full article [FoodBizDaily]
posted @ Monday, April 20, 2009 2:07 PM |
April 20 2009 (FoodBizDaily) – HSBC Holdings Plc and JP Morgan Chase & Co. are among the seven banks that are backing the bid of KKR & Co. for Anheuser-Busch InBev NV’s South Korean beer unit. The other banks that have given their nod to lending KKR the required money include Calyon, Standard Chartered Plc, ING Groep NV, Nomura Holdings Inc., and Natixis SA.
Read full article [FoodBizDaily]
posted @ Monday, April 20, 2009 12:30 PM |
April 20 2009 (FoodBizDaily) – With a view to exercising greater influence over the country’s biggest industry, Argentina is planning to assume control of the registry for the trade of grains and oilseeds, its government said.
According to the statement issued in Buenos Aires by the agency Director Ricardo Echegaray, the tax agency of Argentina, known as AFIP, will take over the control of the registry from the country’s six cereals exchanges.
Read full article [FoodBizDaily]
posted @ Monday, April 20, 2009 10:46 AM |
April 19 2009 (Reuters) Brown-Forman Corp (BFb.N), the U.S. maker of Jack Daniel's whiskey and Southern Comfort, has hired investment bankers to look at a possible merger with rival Bacardi, Britain's Sunday Telegraph reported.
The newspaper said Brown-Forman had hired Lazard (LAZ.N) to advise it on options ranging from selling individual brands to a merger with Bacardi.
Brown-Forman and Bacardi could not immediately be reached for comment. A spokesman for Lazard in London was not immediately available.
"Brown-Forman and Bacardi are medium-sized, family-controlled businesses that fit well together," the Sunday Telegraph quoted an unnamed drinks industry insider as saying.
Source [Reuters]
posted @ Sunday, April 19, 2009 12:04 PM |
April 17 2009 - India's tariff cut on refined sugaris been benefitial to the Brazilian sugar trade- the world largest producer. India, the second-leading sugar producer behind Brazil, had abolished sugar import tariffs in order to meet supply deficits ahead of the summer season.
Brazil should ship around 2 million metric tons of raw and white sugar to India in 2009, most coming from the new Brazilian 2009-10 sugarcane crop, informed an industry expert.
Read full article [FoodBizDaily]
posted @ Friday, April 17, 2009 12:44 PM |
April 17 2009 - Dole Food Company, Inc. made the announcement that Copdeban has established a foundation in Peru, and it is named the Dole Foundation of Sullana Valley. Copdeban is Dole’s entity in the country.
Newly inaugurated, the foundation, for the most part, will strive to improve the educational and health conditions in the local communities and in making the producer associations more powerful in the process of production and packing.
Read full article [FoodBizDaily]
posted @ Friday, April 17, 2009 12:10 PM |
April 17 2009 - Nestle made the announcement on Thursday that it had given its consent on selling Saint Spring, the Russian water bottling company, to IDS Group.
IDS Group is the bottler for Borjomi, the Georgian carbonated mineral water.
Read full article [FoodBizDaily]
posted @ Friday, April 17, 2009 12:04 PM |
April 17 2009 - The central bank informed that it is possible that consumer prices in Uganda will go up by 14.1 percent in the year through June following the weakening of the shilling — which in turn caused the import costs to go up — due to the global economic downturn.
Read full article [FoodBizDaily]
posted @ Friday, April 17, 2009 11:47 AM |
April 17 2009 (FoodBizDaily) -- Joseph Lau,49, McDonald’s Corp.’s Hong Kong managing director, was asked by the company to resign following his conviction by a court in the city for bribery.
The District Court found the executive guilty of accepting about HK$2.5 million ($323,000) as bribe from a corn supplier in return for preferential treatment. The government agency added that Lau had also instructed the corn supplier, Pornthep Srisa-An, to lie to anti-corruption officials.
Read full article [FoodBizdaily]
posted @ Friday, April 17, 2009 11:36 AM |
April 17 2009 - “Undeniably soft quarter” - That's how SABMiller defines the cycle that ended in March and resulted in a one percent drop in total sales.
Based on the company rational, the single percent drop has a "cause and effect" relation with the latest price increases implemented by the company in emerging markets. Russia saw an 11 percent price increase , Colombia 7 percent and Poland 6 percent. The price hikes reflected in the balance sheet and helped the company keep financial results in line with market expectations.
Read full article [FoodBizDaily]
posted @ Friday, April 17, 2009 11:13 AM |
April 17 2009 - PepsiCo, Inc. today announced that it has acquired leading Peruvian snack business Karinto S.A.C., maker of Peru's top-selling corn chips, Los Cuates, as well as a popular line of nuts and seeds.
"The Karinto brands span a broad array of snack foods, offering consumers a variety of convenient choices, from tasty treats to healthy options," said Olivier Weber, president of South America Foods for PepsiCo.
Read full article [FoodBizDaily]
posted @ Friday, April 17, 2009 10:14 AM |
April 16 2009 - DAKAR/KINSHASA (Reuters) - As the sun sets over the Congo River, drinkers trickle into Kinshasa's "Staff Franc Congolais" bar, testament to the resilience of Africa's thirst for beer even in difficult places and tough times.
"I get by. The Congolese drink every day. It's a distraction -- there's no world crisis as far as beer is concerned," says a co-owner, known as "Franc Congolais" after the local currency.
Read full article [Reuters]
posted @ Friday, April 17, 2009 7:36 AM |
April 16 2009 (FoodBizDaily) - Concha y Toro, the leading Wine maker and exporter in Chile declared Thursday a 12.8 percent increase in sales in a preliminary evaluation of the first quarter if compared with the previous year.Sales add to a total of $117.8 million.
The company attributes the grow to sales in the internal market as well as exports and mention its Argentinean subsidiary as a major player in the grow.
FoodBizDaily - Staff writer
posted @ Thursday, April 16, 2009 5:43 PM |
April 16 2009 - There was an increase in India’s vegetable oil import rose by 28 per cent in March 2009 to 641,000 tonnes. This, in spite of the price rise globally and massive amounts of stocks at Indian ports, the Solvent Extractors' Association of India (SEA) reported on Wednesday.
SEA said that, in the last month, India made a purchase of 609,553 tonnes of edible oil and 31,588 tonnes of non-edible oil from the world market.
Read full article [FoodBizDaily]
posted @ Thursday, April 16, 2009 5:30 PM |
April 16 2009 - An offer has been made by the state of Arkansas and a group of investors to take over Pilgrim's Pride Corp's chicken plant in the city of El Dorado. The plant is facing close down in the near future. The offer by the state of Arkansas and the investors is made with a view to saving the 800 or so jobs there, according to a statement on Wednesday by a spokesman for Arkansas Governor.
Read full article[FoodBizDaily]
posted @ Thursday, April 16, 2009 3:14 PM |
April 16 2009 - France's Carrefour - the second-largest retailer in the world - announced plans to enter the Indian market with its first cash-and-carry outlet in the sub-continent. The company expects to start operations in late 2009 or early 2010.
Prior to the commencement of its first outlet, which it plans to open in Delhi, Carrefour informed that it was engaged in sourcing negotiations with suppliers of food as well as non-food commodities.
Read full article [FoodBizDaily]
posted @ Thursday, April 16, 2009 2:09 PM |
April 16 2009 - A reduction on how much Glanbia will pay for milk from Irish dairy farmers is causing a series of protests in Ireland, the Irish Farmers' Association said on Wednesday.
IFA National Dairy Committee Chairman Richard Kennedy said that it is not unreasonable to expect the company to share a little of the pain the Irish producers are enduring.
Read full article[FoodBizDaily]
posted @ Thursday, April 16, 2009 1:56 PM |
April 16 2009 - Pakistan, Asia’s third-largest user of sugar, plans to import 175,000 metric tons of the sweetener by July to avoid a shortage and reduce domestic prices.
“We will issue tenders in phases throughout May,” Saeed Ahmed Khan, chairman of the state-owned Trading Corporation of Pakistan, said in an interview in Karachi. “By mid-July, the whole supply should be completed.”
Read full article [FoodBizDaily]
posted @ Thursday, April 16, 2009 12:15 PM |
Wimm-Bill-Dann, Russia’s largest dairy company, is seeking acquisitions, Chairman David Yakobashvili said.
As financial turmoil squeezes out smaller producers around the world, Wimm-Bill-Dann is looking for purchases in the dairy and baby food areas in Russia and abroad. Potential targets can be based in “any type of a country in which we can have profitability,” he added.
Read full article [FoodBizDaily]
posted @ Thursday, April 16, 2009 11:52 AM |
China's iconic White Rabbit milk candy has returned to overseas markets after a half-year sales suspension amid the wide-spread tainted milk scandal, a spokesman of the candy producer Guanshengyuan company said.
The first batch of 6,000 trunks of White Rabbit milk candies were exported early April to Singapore, Malaysia, Australia, India and Canada, the spokesman said.
The Guanshengyuan company recalled all exports, some of which tested positive for melamine in Singapore last September amid the tainted milk scandal that involved a group of major Chinese dairy producers. It also suspended its domestic sales.
Read full article [china.org.cn]
posted @ Thursday, April 16, 2009 11:17 AM |
China Agri-Industries Holdings (China Agri)<606>, one of the leading producers and suppliers of processed agricultural products in China, is planning to set aside HK$2.1 billion to increase production capacity this year, the Standard reported.
China Agri is benefiting from strong results in 2008 and is planning to apply the proceeds in an aggressive expansion plan.
Read full article [FoodBizDaily]
posted @ Thursday, April 16, 2009 11:15 AM |
April 16 2009 (Foodbizdaily) - China Huiyuan Juice Group Ltd. (1886.HK) said it has been approached by other suitors after Beijing quashed Coca- Cola Co.'s (KO) US$2.4 billion takeover of the juice maker last month due to antitrust concerns.
It is unknown who the interested parties are; Huiyuan Juice declined to name any companies that had approached it, or to say whether they were from outside China.
The company is keeping an "open mind" on its options, Vice President and Chief Financial Officer Francis Ng told a news conference.
FoodBizDaily.com - Staff writter
posted @ Thursday, April 16, 2009 10:52 AM |
PARIS, April 16 (Reuters) - French food group Danone (DANO.PA) stuck to its 2009 earnings growth targets after demand for its baby food and medical nutrition products helped lift first-quarter like-for-like sales by 1 percent.
Consumer behaviour will likely remain stable for the rest of the year, with sales growth driven by its leading brands, the maker of Activia yoghurts, Evian bottled water and Bledina baby food said in a statement on Thursday.
Read full article [Reuters]
posted @ Thursday, April 16, 2009 7:04 AM |
KUALA LUMPUR, April 15 (Bernama) -- For many among the Malaysian entrepreneurs, there is always an aspiration to see their products being offered for sale on the shelves at hypermarkets nationwide.
For Zaleha Mohamad, an entrepreneur of Roselle products, this dream came true via the 'Buy Malaysia' campaign organised by the Ministry of Domestic Trade and Consumer Affairs Ministry held at the Mydin Wholesale Hypermarket USJ, Subang Jaya near here.
Read full article [Bernama]
posted @ Wednesday, April 15, 2009 5:59 PM |
Seoul April 15 2009 (FoodBizDaily) - Following the discovery of a chemical, which is potentially harmful, in the beef stock supply from China, South Korea blocked all Chinese beef stock imports on Tuesday, officials reported. The beef stock imports from China are extensively used for soups in South Korea.
The food ministry announced that out of the 17 shipments they inspected last week, 13 were found to have traces of Clenbuterol. Clenbuterol is a chemical which can lead to stomach ache, a rapid pulse, and a variety of disorders related to the heart.
Read full article [FoodBizDaily]
posted @ Wednesday, April 15, 2009 10:54 AM |
April 15 2009 - Poultry imports from two Kentucky counties were halted by Mexico, while Singapore went a step ahead and banned poultry supplies from the whole state, according to a report by the U.S. Department of Agriculture.
A statement issued on April 7 from the USDA’s Food Safety and Inspection Service says that Mexico will not be allowing uncooked poultry products from the counties of Grayson and Edmondson to enter the country. Mexico is the third biggest importer of American chicken meat in the world.
Read full article [FoodBizDaily]
posted @ Wednesday, April 15, 2009 9:55 AM |
Seoul April 14 2009 - Hopes of Korean food turning into a major export item have gone up with the continuing popularity enjoyed by Korean food in the markets abroad. Korea has an economy that is export dependent. Notwithstanding the global downturn, exports of Korean fresh and processed foods have witnessed a growth by more than 6.6 percent this year.
Read full article [FoodBizDaily]
posted @ Tuesday, April 14, 2009 3:36 PM |
Lima April 14 2009 - The second half of the current year will witness a revival in the exports of traditional and non-traditional fish regardless of the global credit predicament, forecast Humberto Speziani Cuevas, the president of the Fisheries and Aquaculture Committee of the Exporters Association (ADEX).
Read full article [FoodBizDaily]
posted @ Tuesday, April 14, 2009 3:10 PM |
April 14 2009 - Russia was victorious on its home grounds in the legal battles over who has sole ownership of Stolichnaya, and now the Russian Government has plans to take on Spirits International, the company Russia believes stole the rights to the vodka. The stoush is set to be fought in the Federal Court in Sydney. This legal struggle forms part of Russia’s attempt to repossess the sole worldwide rights of the trademark, which it plans to do one country at a time.
Read full article [FoodBizDaily]
posted @ Tuesday, April 14, 2009 3:02 PM |
NEW YORK, April 14 2009 - Aeon Co Ltd (8267.T) has plans to launch approximately 500 supermarkets in the Tokyo area by February 2012. The small supermarkets will have the same size of convenience stores - about 130 to 200 square meters. However, the Aeon stores will stock merchandise such as perishables and private label items of Aeon. The timing of operation of these stores will be from 6 a.m. to midnight.
Read full article [FoodBizDaily]
posted @ Tuesday, April 14, 2009 2:51 PM |
DOHA April 14 2009 - There has a steady growth in the trade relations between Qatar and Thailand, a representative of the Thai embassy in Doha stated.
"A lot of Thai products can be found here in Qatar, already. Trade relations between Qatar and Thailand have been increasing; most of the Thai products have been shipped here. We have automobiles, auto parts, refrigerators, supermarket type of products, such as Thai rice and canned foods, among others," observed Somwang Khruasuwan, Ministry Counsellor and Head of Chancery at the Thai Embassy in Doha.
Read full article [FoodBizDaily]
posted @ Tuesday, April 14, 2009 2:38 PM |
In a repeat of its performance in the previous months, China's exports dropped in March for the fifth month. This has brought about the need to speed up government efforts to encourage domestic demand in a bid to revitalize China’s growth. China is the third biggest economy in the world.
Compared to the previous year, there has been a fall in overseas sales by 17.1 percent to $90.29 billion, according to the customs bureau report on its website. Imports also experienced a fall by 25.1 percent, which resulted in a trade surplus of $18.56 billion.
Read full article [FoodBizDaily]
posted @ Tuesday, April 14, 2009 2:28 PM |
UK's Milk Link, has secured a contract with Yili, the leading Chinese dairy company, to supply Stilton and Cheddar to the Chinese market. As part of the deal, Stilton and Cheddar will be available in major supermarket chains and leading hotels located in major cities across China. The first shipment of cheese arrived in China this month and regular shipments are scheduled to supply the country’s rapidly growing supermarket chains. The market for cheese in China is seeing strong growth and Yili – which is already one of China’s largest dairy companies – is focused on becoming the market leader...
posted @ Tuesday, April 14, 2009 11:59 AM |
DANISH beer group Carlsberg A/S sees Asia as a key driver of growth for the group in the medium to long term, said president and chief executive officer Jorgen Buhl Rasmussen.
“Key markets for us in Asia comprise China, Malaysia, Vietnam, India, Laos, Cambodia and Singapore, among others. There are many markets in the region with potential for future growth in terms of consumption per capita, for example, China and India’s huge population as well as Vietnam’s population increase,” he said.
Read full article [thestar.com.my]
posted @ Monday, April 13, 2009 5:49 PM |
April 13 2009 - Much speculation is on about the real state of the Australian sheep flock in the bush at the present time. Those who are dependent on the industry have reason to worry because of the recent record slaughter numbers of mutton and huge yardings in the WA saleyards; they are concerned and anxious about this state reaching a level of critical mass.
Read full article [FoodBizDaily]
posted @ Monday, April 13, 2009 5:00 PM |
New Delhi April 13 2009 - According to industry sources, owing to price parity with the international market, coupled with the lifting of the obligation by the government to export the same quantity of refined sugar, India will likely import three million tonnes of raw sugar this season till September-end.
Read full article [FoodBizDaily]
posted @ Monday, April 13, 2009 4:59 PM |
New Delhi 13 April 2009 - Al Khaleej Sugar, the Dubai-based import and export firm has put forward an application to the government for allowing it to sell the imported sweetener in the domestic market.
The company was granted permission in 2007, subject to certain conditions, to set up a subsidiary in India to carry out import and export of sugar.
Read full article [FoodBizDaily]
posted @ Monday, April 13, 2009 4:56 PM |
Lagos April 13 2009 (FoodBizDaily) - Nigeria has gone a long way in producing new and improved varieties of root and tuber crops, and the country’s success story in this field may, in all probability, be soon extended to it being elevated to the position of being the number one producer of yams, cocoyams, and cassava in the world through its export of these crops.
Read full article [FoodBizDaily]
posted @ Monday, April 13, 2009 3:33 PM |
TOKYO, April 13 2009 (FoodBizDaily) - An official with the Japanese company, Marubeni Corp (#8002.T), confirmed on Sunday that an extensive deal has been signed between the company and the China Grain Reserves Corp's wholly owned subsidiary. The deal would mean that Sinograin would be getting grains from them.
Read full article [FoodBizDaily]
posted @ Monday, April 13, 2009 3:23 PM |
OTTAWA April 13 2009 (FoodBizDaily) - Stockwell Day, Canada's Trade Minister, who is on a 10-day visit to Asian countries carried out on last Thursday measures meant to better Canada’s trading partnerships in the region. This is in the backdrop of Canada’s relations with South Korea worsening further on account of South Korea’s "unjustified ban" of Canadian beef.
Read full article [FoodBizDaily]
posted @ Monday, April 13, 2009 3:12 PM |
Aprill 13 2009 - The economic downturn notwithstanding, cherries with a price tag of £195 a kilo are fast disappearing from the well-known store in London.The average cost of one cherry comes to over £3, and this is the only variety available in the world at this time of the year.
The regular European crop has still a few more weeks to go before it can be made available in the market. So, in order to save its customers the wait, Harrods is importing the specially grown Spanish cherries.
Read full article [FoodBizDaily]
posted @ Monday, April 13, 2009 2:54 PM |
April 13 2009 - The rise in fertilizer prices, which drove the farmers to its reduced usage, has caused concern that Pakistan’s wheat crop could be1.7 million tons lesser than the earlier estimate. Pakistan is the third largest producer of wheat in Asia.
The country’s wheat production may touch 23.3 million metric tons, which is short of the target which was 25 million tons, Nazar Muhammad Gondal, Pakistan’s Agriculture Minister said while speaking to reporters in Islamabad. He added that last year’s production had to be adjusted to 21 million tons from 21.8 million tons.
Read full article [FoodBizDaily]
posted @ Monday, April 13, 2009 2:29 PM |
April 13 2009 - The Cameroon Development Corp., the agricultural company owned and run by the state, is aiming at a 60 percent increase in the West African country’s banana production by the end of the current year.
In a statement issued to reporters at the CDC’s headquarters in Limbe, General Manager Henry Njalla Quan said that by the end of the year 2009, the banana output will register an increase to 400,000 metric tons. The company plans to increase the banana plantations under its management by 1,750 hectares (4,324 acres).
Read full article [FoodBizdaily]
posted @ Monday, April 13, 2009 12:32 PM |
April 13 2009 (FoodBizDaily) -- According to a statement by a Chinese government planning official , China - the largest soybean importer in the world - is likely to broaden the curbs on foreign investment in the oilseed processing sector to other crops in a bid to be in better command of its own food security.
At a Beijing conference, He Yanli, the deputy director of industries at the National Development and Reform Commission, informed: “The current restriction, which applies mainly to soybeans, may extend to other crops.” However, he did not make any further clarifications in this regard.
Read full...
posted @ Monday, April 13, 2009 12:20 PM |
April 13 2009 - Unilever Plc’s Lipton Ltd. turned out to be the principal buyer of African tea in the first quarter, reported Africa Tea Brokers Ltd. a Mombasa, Kenya-based brokerage.
An email from Africa Tea stated that in the first three months of the year Lipton Ltd. purchased 16.75 million kilograms (36.9 million pounds) of African tea. Last year, Lipton topped the list of buyers of African tea, and their purchase amounted to a fifth of the total of all purchases.
With a buy of 8.43 million kilograms, James Finlay (Mombasa) Ltd. registered the second-biggest purchase in the first quarter of this year....
posted @ Monday, April 13, 2009 12:09 PM |
TIANJIN, Apr 13, 2009 China Agri-Industries Holdings Limited (SEHK: 0606) will bring into active operation a new grain and oil port logistics company in Tianjin, a port city in the northern part of the country. This step is sure to bring about major advancements for the company as it aims to work towards reinforcing its overall industrial chain of edible vegetable oil in a bid to compete on the same level with international giant players in this field.
Read full article [FoodBizDaily]
posted @ Monday, April 13, 2009 11:59 AM |
April 13 (Bloomberg) -- Soybeans advanced in Chicago on speculation demand for U.S. exports will rise as drought curbs production and shipments from Argentina, the world’s third- largest exporter.
The U.S. Department of Agriculture lowered its forecast for global soybean production this year to 218.8 million metric tons on April 9, from 223.3 million tons a month earlier on lower harvests in Argentina.
Read full article [Bloomberg]
posted @ Monday, April 13, 2009 11:32 AM |
TAIPEI, April 13 (Reuters) - Want Want China (0151.HK) plans to make a second listing in Taiwan on April 28, becoming the first such firm to return to its home market to list under relaxed regulations, an industry source said on Monday.
The food and beverage company is proposing a price range of T$12.50 ($0.37) to T$15.50 for institutional investors, but has yet to set a final price for the $100 million Taiwan Depositary Receipt (TDR) offering, said the source speaking on condition of anonymity.
Read full article [Reuters]
posted @ Monday, April 13, 2009 11:09 AM |
French apple producers called for higher protection of French products from those imported at low cost from Europe and Third Countries.
The French National Federation of Fruit Producers FNPF addressed a letter to the national association for apples and pears to highlight that "foreign apples are destabilizing the French market, thus causing a drop in prices paid to the producers". FNPF Chairman Bruno Dupont also called the national association to send a message to its members so as to "stop imports while the French products are available on the market".
Source [fruttaonline.it]
posted @ Sunday, April 12, 2009 10:40 AM |
HARARE (Reuters) - Zimbabwe will not use its own local currency for at least a year, a state newspaper reported on Sunday, while it tries to repair an economy which critics say was destroyed by President Robert Mugabe.
The southern African state has allowed the use of multiple foreign currencies since January to stem hyperinflation which had rocketed to over 230 million percent and left the Zimbabwe dollar almost worthless.
Source [Reuters]
posted @ Sunday, April 12, 2009 10:01 AM |
A new standard for imported pig meat is being described as a time bomb for the industry in New Zealand
Biosecurity New Zealand has issued provisional health standards for the importation of chilled pig meat, which the industry says could allow a contagious pork disease to enter the supply chain.
New Zealand Pork says biosecurity changes make it inevitable pigs will be fed pork meat infected with porcine reproductive respiratory syndrome, putting the $700 million industry at risk.
Read full article [tvnz.co.nz]
posted @ Friday, April 10, 2009 6:30 PM |
Shimla, April 10 (IANS) Food products major Nestle India wants to set up a food and beverage manufacturing unit in Himachal Pradesh, according to a senior government official. “Nestle has shown keen interest in establishing a unit here, and plans to invest about Rs.400 crore, ( U$80 million)” Principal Secretary (Industry) S.C. Negi told IANS.
“Nestle has submitted a proposal. The government is now helping it identify the project site,” Negi said, adding: “More than 1,000 people will be provided direct employment.”
Read full article [thaindian.com]
posted @ Friday, April 10, 2009 11:45 AM |
A tough economy and intense competition are weighing on some of the higher-priced imports. Their future, and whether beer drinkers' habits have permanently changed, are being closely watched in the $26-billion-a-year industry.
It turns out that some higher-priced imports like Corona aren't as recession-resistant as the beer business generally. But Corona, by far the most popular U.S. import, faces more challenges than just the economy.
Read full article [latimes.com]
posted @ Friday, April 10, 2009 11:18 AM |
NEW DELHI, April 10 (Reuters) - India has agreed to allow duty-free imports of white sugar and exempt overseas purchases of raws from an export obligation, trade and government sources said on Friday.
The government sought permission from the Election Commission to let three state-run trading firms and a farmers' cooperative import up to one million tonnes of tax-free white sugar and waive an export obligation on imports of raws at zero duty, officials told Reuters.
Read full article [Reuters]
posted @ Friday, April 10, 2009 10:48 AM |
The Vietnam Association of Seafood Exporters and Producers (VASEP) said the reports are unfair and there is no evidence to show that Vietnamese pangasius is harmful to consumers’ health.
The Vietnam Trade Office in Italy said in a report Thursday that there have been several reports since late last year alleging catfish imported from Vietnam is raised in polluted fields.The reports have caused apprehension about the quality of Vietnamese seafood in Italian consumers, it said.
Read full article [thanhniennews.com]
posted @ Friday, April 10, 2009 10:40 AM |
Mexico is the leading Country in the world as for number of organic farms, and ranks fifth as for yield volumes of this kind of products, according to Ecoalimenta website, that reported data released by Blanca Villarello Landa, secretary-general for Export Marketing and Promotion of Mexican Ministry of Agriculture, Stockbreeding, Rural Development, Fishery and Food.
Read full article [greenplanet.net]
posted @ Friday, April 10, 2009 10:39 AM |
Due to cumbersome licensing procedures and stringent rules and regulations, food processing units are not coming up on a big way. Stating that the food processing industry will have huge potential in the next couple of years, the Association of Indian Chambers of Commerce and Industry (Assocham) has submitted a note to the Planning Commission and the Ministry of food processing industries. The note also says that the sector will attract huge investments, particularly to process fruits, vegetables, meat, poultry and fish products in the next couple of years if the industry is de-licensed.
Read full article [hospitalitybizindia.com]
posted @ Friday, April 10, 2009 10:28 AM |
Officials said Scotland's first minister was confident China would take action against imitation spirits by the end of the year.Mr Salmond discussed the issue with minister for quality supervision Wang Yong during his visit to China.
China is one of the fastest growing export markets for Scotch whisky, with direct exports worth £44m a year.
Read full article [bbc.co.uk]
posted @ Friday, April 10, 2009 10:12 AM |
As the world recovers from the global financial crisis, agriculture may be impacted, depending actions taken by Central Banks. If the dollar remains weak while global currencies and exchange rates are realigned, then US agricultural export volumes will be strong, along with commodity prices, farm income and farmland values.
However, if exchanges rates are realigned with a strong value of the dollar, it will constrain the agriculture economy, along with commodity prices and farm income. However, US farmers will remain a major global source for high quality and large quantities of food.
Read full article [cattlenetwork.com]
posted @ Thursday, April 09, 2009 4:58 PM |
MOSCOW, April 9 (Reuters) - Russian meat firm Cherkizovo (CHEq.L) reported on Thursday a 27 percent rise in 2008 net income to $78.1 million, as it boosted pork and poultry sales after launching new farms and selling meat at higher prices.
The company said it was encouraged by the prospects for 2009 as grain prices have fallen from last year's peaks while food consumption per capita was still rising in Russia despite a broad economic downturn.
Read full article [Reuters]
posted @ Thursday, April 09, 2009 4:35 PM |
Kiwifruit growers are being hit hard by a global slump in demand. This has resulted in them having to destroy a million trays, or 3.6 million kilograms of green export fruit. The dumping could go on for the next two months or more.
Read full article [FoodBizDaily]
posted @ Thursday, April 09, 2009 12:27 PM |
SABMiller is planning to make use of the untapped African market to help drive future growth. But it is going to be a challenge to the Company, as an estimated 315 million Africans living on less than $1 a day, which is roughly the same cost as a bottle of beer.
Low-income consumers have traditionally made home-brewed beer from local ingredients that range from bananas and watermelons to root vegetables. Sometimes the ingredients used aren't quite healthy resulting in a number of fatalities.
Read full article [FoodBizDaily]
posted @ Thursday, April 09, 2009 12:08 PM |
Red Stripe is planning to start shipping canned beer to North American Market from May 1. The Company is expecting to improve on its 27% growth in volumes exported to the US during the last six months of 2008. It will be using a Canadian firm, Moosehead Brewery, to brew and package the cans and ship them to its affiliate, Diageo USA.
Grace Silvera, international marketing director, said: "This new can format will better enable Red Stripe to appeal to its core consumer base as the popularity of cans has significantly increased as well as captured new consumers and drinking occasions....
posted @ Thursday, April 09, 2009 11:54 AM |
Pretty soon, Roquefort cheese and some other popular European food imports would be hard to find from the United States gourmet shops and fancy food departments.
The imports, which also include selected processed meats from Italy and jams from France, are victims in a long-running trans-Atlantic food fight over the European Union's French-led refusal to import hormone-treated U.S. beef.
Read full article [FoodBizDaily]
posted @ Thursday, April 09, 2009 11:38 AM |
An Indian-origin student in the UK was awarded the Daily Mail Entrepreneur of the Year Award for establishing a successful curry company.
Priya Lakhani, a Cheshire-based law student set up the 'Masala Masala' company six months ago and her freshly-made sauces are already selling in more than 30 countries.
Read full article [FoodBizDaily]
posted @ Thursday, April 09, 2009 10:28 AM |
April 8 (Bloomberg) -- India’s cabinet may tomorrow discuss a plan by the food ministry to allow duty-free import of refined sugar to meet a shortage in the world’s top consuming nation, a government official said.
The government may also exempt importers of duty-free raw sugar from an obligation to export a similar quantity of refined sugar later, said the official who didn’t want to be identified.
Read full article [Bloomberg]
posted @ Wednesday, April 08, 2009 4:42 PM |
The global economic recession seems to have hit the Australian wine industry also, as reports indicate a fall in exports by 2% in the year ending to March. The most recent data from the Australian Wine and Brandy Corporation gives the current value of Australian wine as $3.37 a liter, a fall by 13% in the past year.
Bottled red wine, totaling 43% of all wine shipped overseas, still forms the major chunk of the export market. However, since March 2008, the overall volume of bottled wine plunged by 12%. All hope need not be lost, as there is some good...
posted @ Wednesday, April 08, 2009 2:03 PM |
April 8 2009 - The European Union’s plans to slash banana import tariffs were severely criticized by the African, Caribbean and Pacific nations; they voiced their concern that in the name of free trade the ACP countries’ growth was being jeopardized. ACP nations have prefered access to the banana market in the EU.
Read full article [FoodBizDaily]
posted @ Wednesday, April 08, 2009 1:16 PM |
U.S. food producers sued a group of insurers, including a number of units of Hartford Financial Services Group Inc., for selling customs surety bonds that supposedly permitted Chinese producers to “dump” low-cost food products on the U.S. market. [...]
These insurers were taken to court by five U.S. producers dealing in canned mushrooms, honey, fresh garlic, and crawfish tail meat.
Read full article [FoodBizDaily]
posted @ Wednesday, April 08, 2009 1:04 PM |
Kraft Foods will invest up to 4 million euro in its LU Biscuits La Haye-Fouassière Belin' crackers plant. The plant is located near Nantes, France, after the municipality approved a 200,000 euro support package for the plant. The investment will create about 20 new jobs in the production line.
The Company had acquired LU, in 2007, as part of its takeover of Danone’s biscuit operations. The acquisition included biscuit brands, such as LU, Tuc and Prince, and operations and assets in more than 20 countries, including 32 manufacturing facilities.
Kraft is a company engaged in manufacturing and marketing packaged food products,...
posted @ Wednesday, April 08, 2009 12:26 PM |
Danish brewer Carlsberg (CARLb.CO) announced that its German unit would create a beverage distribution joint venture with wholesaler Nordmann Group.
Carlsberg said that Nordmann will own 50% each in Nordic GmbH, which would have annual sales of over 400 million euros. Nordic will be engaged in the distribution of Carlsberg Deutschland's brands, such as Carlsberg, Duckstein, Holsten and Astra.
April 08 2009 - FoodBizDaily staff writter
posted @ Wednesday, April 08, 2009 12:01 PM |
The American Soybean Association (ASA) is celebrating more than a decade of diligent and persistent work on behalf of U.S. soybean farmers to advance global acceptance of new biotech soybean traits after LibertyLink soybeans (A2704-12) from Bayer CropScience received food safety approval from the Korean Food and Drug Administration (KFDA).
This final regulatory approval in South Korea clears the way for unrestricted planting in the United States and importation into all major markets for LibertyLink soybeans, along with Roundup Ready 2 Yield soybeans (MON 89788) from Monsanto, which received final KFDA regulatory approval on Feb. 27, 2009.
Read full article [southeastfarmpress.com]
posted @ Wednesday, April 08, 2009 11:53 AM |
Asia Pacific Breweries announced that its indirect wholly owned subsidiaries in New Zealand, Barworks Group and Barworks Holdings, have incorporated three companies, Hurstmere Pubs, Riccarton Hospitality 2007 and Gaults on Quay.
According to Asia Pacific Breweries, Barworks Group holds a 75% stake in Hurstmere Pubs with the remaining 25% stake held by Barworks Holdings. Barworks Group holds a 75% stake in Riccarton Hospitality 2007, with the remaining 25% stake held by Barworks Holdings. Barworks Group and Barworks Holdings hold a 90% and 10% stake respectively in Gaults on Quay (2009).
The new companies will be investing in food and beverage...
posted @ Wednesday, April 08, 2009 10:23 AM |
PARIS (Reuters) - French drinks group Pernod Ricard (PERP.PA) announced plans for a 1 billion-euro ($1.35 billion) rights issue on Wednesday and the sale of its Wild Turkey bourbon brand to Campari (CPRI.MI) for $575 mln to cut debt.
Pernod, the world's second-biggest drinks group behind Diageo (DGE.L), borrowed heavily to acquire Absolut vodka maker Vin & Sprit AB from Sweden in July last year and had to sell some brands to meet European Comission competition requirements.
Read full article [Reuters]
posted @ Wednesday, April 08, 2009 8:00 AM |
CHICAGO (Reuters) - Bryan Karwal raises and sells 18,000 Canadian-born hogs a year on his Iowa farm, but a new food labeling law designed to help consumers threatens that business because it has shut off key markets for the hogs.
The law has also angered Canada and Mexico because, they say, it will hurt demand for their cattle and hogs. It has raised talk of a trade war among the three countries.
Read full article [Reuters]
posted @ Wednesday, April 08, 2009 7:52 AM |
SINGAPORE, April 8 (Reuters) - Falling demand for ingredients for chocolate have forced 14 cocoa grinders in Indonesia to temporarily stop operations, an industry official said on Wednesday, possibly prompting consumers to seek bargains in rival Malaysia. - Grinders across Asia have seen sales declining in recent months, forcing them to slash prices for butter even when bean prices had gone up to track rallies in London futures.
Indonesia is Asia's second-largest grinder after Malaysia, where grinders are struggling to reduce mounting stocks of butter and beans.
Read full article [Reuters]
posted @ Wednesday, April 08, 2009 7:42 AM |
MANILA, April 8 (Reuters) - Philippines' San Miguel Brewery (SMB.PS) reported on Wednesday an 8 percent rise in first-quarter net profit to 2.66 billion pesos ($55.5 million), aided by cost cuts and stable raw material prices.
The beermaking unit of San Miguel Corp (SMC.PS) (SMCB.PS), Southeast Asia's biggest food and drinks firm, also approved a cash dividend of 0.185 peso per share, representing a 100 percent payout from the first-quarter earnings.
Read full article [Reuters]
posted @ Wednesday, April 08, 2009 7:34 AM |
SHENZHEN, China (Reuters) - Over the past half year, the global financial crisis has wrenched asunder the gritty factory towns in China's Pearl River Delta, but some signs on the ground suggest the workshop of the world is cranking up again. -
The slump is not over for the area that churns out a third of China's exports. Many executives estimate that a collapse in orders, mainly from the United States and Europe, has wiped out 20-40 percent of their business. Thousands of factories in low-margin sectors have closed, and the government's latest guess is that 23 million migrant workers...
posted @ Wednesday, April 08, 2009 7:26 AM |
The suspension is for meat products processed at the company's Wagga Wagga plant in NSW.
It follows the discovery of E.coli bacteria contamination in some of its products.
A spokeswoman for the Australian Quarantine and Inspection Service said the organisation was notified by the exporter of positive test results for E.coli. "Immediately on notification, AQIS advised importing authorities and helped isolate the contaminated goods," she said. "All contaminated products have been traced and will not enter commerce. There is no risk to consumers here or overseas."
A Cargill spokesman said the company hoped AQIS would "very soon" approve exports to the important US...
posted @ Tuesday, April 07, 2009 8:05 PM |
GENEVA, April 7 (Reuters) - Ecuador's measures to restrict imports to defend its balance of payments would affect $4.3
billion of its 2008 imports, or 23 percent of the total, according to a World Trade Organisation report. - The report, dated April 6 and published on the WTO website, was drawn up in preparation for a meeting on April 22 of the WTO's Committee on Balance of Payments Restrictions, where Ecuador will seek a temporary waiver from WTO rules.
Read full article [Reuters]
posted @ Tuesday, April 07, 2009 4:08 PM |
April 7 (Bloomberg) -- Philippine inflation slowed to a one-year low in March, spurring bank shares as investors speculated the central bank may cut interest rates for a fourth straight month to bolster lending. Consumer prices climbed 6.4 percent from a year earlier last month, the National Statistics Office said today in Manila. That compares with the 6.6 percent median estimate of 10 economists in a Bloomberg News survey.
Read full article [Bloomberg]
posted @ Tuesday, April 07, 2009 3:42 PM |
A group of private Saudi investors plans to invest 375 million riyals ( U$ 100 million) to plant wheat, barley and rice in Ethiopia, one of the investors said. The recent inflation has resulted in food security topping the policy agenda in the Gulf Arab region. It emphasized the peninsula’s dependence on imports and forced countries to invest abroad to ensure supplies of staples like rice and wheat.
The investors will be setting up a company that will lead the investment. "We have opted for rice, barley and wheat because they are among the crops covered by the (Saudi) government's...
posted @ Tuesday, April 07, 2009 11:42 AM |
Australia’s beef industry claims it has maintained its position in the Japanese market despite recession, mainly due to the standards of traceability in its supply chain. “As a major beef exporter, we've been able to stay in good stead at the expense of the US, which has struggled to convince these markets that it has its house in order”, says a spokesperson.
The recent food recalls have had an adverse effect in the US food supply system. The largest food recall in the US history occurred when about 700 people became ill after eating salmonella-laced peanut products. The US Department...
posted @ Tuesday, April 07, 2009 11:21 AM |
London - According to the Soil Association's Organic Market Report, the sales growth of organic food dipped to 1.7% in 2008, well below the average annual growth rate of 26% over the last decade.
"This has been a really difficult period for all retail, and organic sales have suffered along with the rest of the economy. But those consumers who are committed to organic products appear to be staying loyal," Peter Melchett, the Soil Association's policy director said in a statement.
The report said there had been a sharp fall in sales of fruit, bread and bakery products, soft drinks...
posted @ Tuesday, April 07, 2009 11:11 AM |
Nestle, the world's largest food group, is well positioned to exploit the recession and extend dominance of its sector at the expense of its European peers. The range of products offered by the Vevey-based maker of Nescafe coffee and KitKat chocolate bars, place the Company in a favourable position, while other top food groups battle a slowdown.
Cadbury, the top rated of these food stocks, is trading at 14.8 times 2009 forecast earnings. Shares in Nestle and Paris-based Danone trade around 12.9 times 2009 forecast earnings with Anglo-Dutch Unilever, for long the underperformer, trading at 11.3 times. However, Nestle remains...
posted @ Tuesday, April 07, 2009 11:03 AM |
Global commodities firm, Cargill Inc [CARG.UL], and Australia-based GrainCorp Ltd (GNC.AX) plans to end a grain buying joint venture. Sources from GrainCorp said, Cargill will be buying GrainCorp’s holding in Australian Grain Accumulation Services (AGA) for an undisclosed amount.
GrainCorp will form a new grain buying team, while AGA, which was established in 2003 to buy grain and oilseeds for the flour milling, oilseed processing and trading activities of GrainCorp and Cargill, will continue as a unit of Cargill Australia.
Citigroup estimated that Cargill had gained an 8% share of Australia’s grain export market while GrainCorp had gained 12%. However,...
posted @ Tuesday, April 07, 2009 10:48 AM |
Cadbury PLC (CBRY.LN) is planning to expand in Europe by acquiring Leaf International, Netherlands-based confectionery Company. Cadbury has made a bid for the Chewits manufacture, which has sales of GBP 550 million per year, along with other bidders, including Italy’s Perfetti.
Sources have said that Cadbury is focusing in Leaf's operations in Scandinavia and the Benelux countries, and not in its Italian business, which Leaf had earlier bought in 2007 from Cadbury. Leaf has been put up for sale by the private-equity firms CVC Capital and Nordic Capital.
posted @ Tuesday, April 07, 2009 10:29 AM |
April 6 (Bloomberg) -- Sadia SA shareholders are suing the ex-chief financial officer of Brazil’s second-biggest food maker after a report said the board didn’t know the company’s derivatives positions exceeded internal limits. - Alerts by the Concordia, Brazil-based company’s risk- management department didn’t reach the board, according to an outside audit, Chairman Luiz Fernando Furlan said today in an interview after the report was presented at a shareholders meeting.
Read full article [Bloomberg]
posted @ Monday, April 06, 2009 5:28 PM |
Apr 06, 2009 Belgian brewer Anheuser-Busch Inbev (EBR:ABI) is reportedly in talks with Dutch Heineken (AMS:HEIA) on the sale of its Czech unit, Pivovary Staropramen, ADP News said on 6 April 2009, citing daily Mlada fronta Dnes (MfD).
The companies declined any comment on the report.
The Belgian brewer needs to raise proceeds in order to repay debt related to the acquisition of Anheuser.
Pivovary Staropramen, which is the second-biggest brewery in the Czech Republic, has been valued at CZK5bn-6bn (USD255m-306m) (EUR189m-226m).
Source [tradingmarkets.com]
posted @ Monday, April 06, 2009 4:17 PM |
FRESNO, Calif., April 6 (FoodBizDaily) -- As part of ongoing collaboration with the United States Food and Drug Administration (FDA), pistachio growers and processors today announced a new Web site - www.pistachiorecall.org - that lists specific pistachio products and brands that are confirmed safe to consume.
Read full article [FoodBizDaily]
posted @ Monday, April 06, 2009 2:46 PM |
CHICAGO, April 6 (FoodBizDaily) -- Ajinomoto Company Inc., the leading global supplier of aspartame, has applied to the U.S. Food and Drug Administration for approval of Advantame, an innovative sweetener for use in foods and beverages.
Read full article [FoodBizDaily]
posted @ Monday, April 06, 2009 2:19 PM |
Milk Link can confirm that it will be maintaining its Member milk price for April 2009. Commenting on the decision, Will Sanderson, Corporate Affairs Director said: “As a farmer owned co-operative, our focus is on ensuring that we maximize the returns we are able to generate for our Members on a sustainable basis.
Read full article [FoodBizDaily]
posted @ Monday, April 06, 2009 10:50 AM |
April 6 (Bloomberg) -- Russia’s inflation rate rose to a five-month high in March as the weaker ruble nudged up import prices.
The rate rose to 14 percent from 13.9 percent in February, the Moscow-based Federal Statistics Service said in an e-mailed statement today. That matched the median forecast of 15 economists surveyed by Bloomberg. Consumer prices grew 1.3 percent in the month, compared with 1.7 percent in February.
Read full article [Bloomberg]
posted @ Monday, April 06, 2009 7:24 AM |
April 6 (Bloomberg) -- Coca-Cola Co. is using micro-dosing technology from drugmakers, a smart phone operating system from Microsoft Corp. and style tips from Italian auto designers in its latest attempt to revive falling sales of fountain drinks.
Coca-Cola spent four years developing a self-serve beverage dispenser that can pour as many as 120 drinks. It uses 40 percent less storage space than traditional six- or eight-tap fountains, said Gene Farrell, the project’s manager.
Read full article [Bloomberg]
posted @ Monday, April 06, 2009 7:19 AM |
MUMBAI, April 6 (Reuters) - Indian biscuit maker Britannia Industries Ltd (BRIT.BO) said France's Danone (DANO.PA) will sell its 25.48 percent indirect stake in the company to Leila Lands Ltd (Mauritius).
The proposed deal was expected to go through on April 14 and price to be finalised later would not exceed 25 percent of price worked under India's takeover regulations, it said in a filing to the stock exchange. (Reporting by Ami Shah; Editing by John Mair)
Source [Reuters]
posted @ Monday, April 06, 2009 7:10 AM |
Calcutta, April 5: Vijay Mallya’s UB Group plans to launch premium Italian wines in the next three months.
“We are at advanced stages of talks with three Italian wine makers and will tie up with one of them very soon,” said Abhay Kewadkar, UB’s business head for wines. - The process is taking time because of the strict regulations in marketing. “We hope to work out the matter soon,” Kewadkar added.
About 90 per cent of the company’s wine portfolio comprise local products, while the rest is from France, Australia, New Zealand, South Africa and the US.
Read full aticle [telegraphindia.com]
posted @ Sunday, April 05, 2009 7:03 PM |
MEKNES, Morocco (AP) — The gently rolling hills planted thick with vineyards are an unlikely sight for a Muslim country partly set in the deserts and palms of North Africa. Yet the grapes, and the wine they produce, are thriving in Morocco despite Islam's ban on alcohol consumption.
Morocco has become one of the largest winemakers in the Muslim world, with the equivalent of 35 million bottles produced last year. Wine brings the state millions in sales tax, even though Islam appears to be on the rise politically.
Read full article [AFP]
posted @ Sunday, April 05, 2009 6:54 PM |
Pune, Apr 4 (ANI): Grape growers in Maharashtra are loosing their business due to wineries canceling their contracts as a consequence of declining demand for Indian wines. - In 58 wineries of Maharashtra, the wine produced last year is still lying unsold. As a result, the wineries have reduced production. The farmers are unable to even get Rs. 24-30 per kg for grapes, which they were getting earlier.[...]
The wineries say they are now importing wine from other countries for quality and cost effectiveness.
Read full article [sindhtoday.net]
posted @ Saturday, April 04, 2009 11:17 AM |
New Delhi (PTI): India is unlikely to allow import of refined sugar at zero duty before the general elections in April and May, Commerce Secretary G K Pillai said on Saturday. - "The issue is before the Cabinet...it was not taken up in the last meeting. I don't think any thing will happen before (the) elections," Mr. Pillai told reporters at a function of the Indo-American Chamber of Commerce here.
The Cabinet on Monday did not discuss any cut in the 60 per cent import duty on refined sugar. Moreover, the government needs to take the approval of the Election Commission...
posted @ Saturday, April 04, 2009 11:05 AM |
BATON ROUGE - A report recently released by the investigative arm of Congress acknowledged that foreign companies illegally mislabeling shrimp products are not only avoiding antidumping payments, but they're also evading food-safety laws.The Southern Shrimp Alliance, which includes industry representatives from Louisiana, has repeatedly voiced concerns that importers shirking the antidumping fees were also having an impact on food safety. [...]
The illegal "dumping" of foreign shrimp below the cost of production has taken its toll on Louisiana shrimpers. As a way to level the playing field, the U.S. Department of Commerce ordered that the dues be attached to certain imports.
Read...
posted @ Saturday, April 04, 2009 10:53 AM |
April 4 (Bloomberg) -- South Korea ordered the recall and banned sales of pistachios made by Setton Farms of Terra Bella, California, following similar moves by U.S. regulators because of possible salmonella contamination.
The recall applies to 13,608 kilograms (30,000 pounds) of pistachios packaged after June 4, 2008, imported to South Korea through the supplier’s affiliate Setton International Foods, the Korea Food & Drug Administration said in an e-mailed statement.
Read full article [Bloomberg]
posted @ Saturday, April 04, 2009 7:46 AM |
The largest brewery in Korea, Hite Brewery Co.(HBWPF ) doubled sales to Japan last year, according to a company statement. The company attributes new distribution channels and product localization to the success in the Japanese market.
Sales of Hite beer in Japan grown from U$ 7 millions in 2007 to U$ 16 million one year later.
Hite Brewery has a 60% share of the South Korea's beer market .
posted @ Friday, April 03, 2009 2:38 PM |
While the sluggish U.S. economy places downward pressure on beef middle-meat prices, the U.S. Meat Export Federation has been undertaking efforts to promote an expanded range of beef cuts in targeted overseas markets to help maximize the cutout value for producers.
Japan has certainly been a key audience for USMEF’s promotional efforts, given that nation’s historic appetite for U.S. beef, including the desire for delicious steaks.
Read full artcle [FoodBizDaily]
posted @ Friday, April 03, 2009 1:58 PM |
Under the 2008 farm bill, this week is the first time USDA can tinker with foreign sugar import quotas. Large food manufacturers started their campaign several weeks ago, aggressively lobbying agriculture officials to increase import levels above the 1.3 million metric tons of sugar that the United States has already committed to import in 2009. - According to a report Tuesday that was issued by the American Cane Sugar Refiners' Association, increasing imports would jeopardize the ability of U.S. cane sugar refiners and beet processors to meet market needs by weakening an industry already under pressure from rising costs and...
posted @ Friday, April 03, 2009 12:25 PM |
April 3 (Bloomberg) -- South Korea, Asia’s second-biggest grain importer, will lend money and give technology to companies to develop farms overseas to ensure the nation’s food security after prices surged last year. - “It will yield good profitability in the long-term, so we will support private companies doing the business,” Chang Tae Pyong, Minister for Food, Agriculture, Forestry and Fisheries, said in an interview yesterday at his office in Gwacheon city.
Read full article [Bloomberg]
posted @ Friday, April 03, 2009 12:14 PM |
April 3 (Bloomberg) -- Wheat shipments from Australia to Indonesia, Southeast Asia’s largest economy, will resume this month after port congestion halted supplies in February and March, according to two industry executives. - “There were logistical problems in Australia starting in February that lasted through March, but we’ll get shipments this month,” Ratna Sari Loppies, executive director of the Indonesian Wheat Flour Producers Association, said today by phone. She declined to estimate the size of the shipments.
Read full article [Bloomberg]
posted @ Friday, April 03, 2009 12:07 PM |
SPARTA -- You will have to look closely to find Old Orchard Brand's name on its newest product: Chiquita Frozen Fruit Smoothie concentrate. But the Sparta-based fruit juice company is counting on a partnership with Chiquita Brands International Inc., the world's biggest seller of bananas, to ultimately grow its own brand.
"We are not only launching a new product, we are creating a new segment within the frozen category," said Kevin Miller, vice president of marketing for Old Orchard Brand.
Read full article [mlive.com]
posted @ Friday, April 03, 2009 10:39 AM |
With a price tag of 550 million pounds, Cadbury Plc finalized the sale of Schweppes Beverages in Australia to the Japanese Asahi Breweries Ltd.
According to Cadbury's CEO Todd Stitzer , the sale represents the end of the beverage activities for the company and it's total focus now in the confectionary business.
Cadbury expects to reduce its debt by 475 million with the proceeds by repaying the bonds that mature in June 2009.
Read ull article [rttnews.com]
posted @ Friday, April 03, 2009 10:23 AM |
New Delhi (PTI): Paving way for safe mango exports in 2009, the irradiation facility of the Bhabha Atomic Research Centre at Lasalgaon in Maharastra's Nasik district will start its operation from April 13, a government body said."The irradiation plant of BARC at Lasalgaon is the only such facility for mango exports in the country. It will start operation from April 13," a senior official at the Agricultural and Processed Food Products Export Development Authority (APEDA) said. [...]
The process got a shot in the arm when the US decided to import Indian mangoes in 2008. The US prefers irradiation to get...
posted @ Thursday, April 02, 2009 3:40 PM |
The export of skimmed milk powder from Punjab has been adversely affected, as the prices are not competitive internationally. - High input cost and subsidy of 25 per cent offered by European countries to their manufacturers, as against the five per cent export incentive offered by the Indian government, leave the Indians at a disadvantage. Resultantly, manufacturers have to either curtail the production or concentrate on other milk products.
Read full article [business-standard.com]
posted @ Thursday, April 02, 2009 3:25 PM |
BEIJING — China's currency swap with Argentina is the highest-profile move yet in a quiet campaign by Beijing to reduce reliance on the U.S. dollar by expanding the reach of its own tightly controlled yuan to Asia and Latin America. - The agreement emphasizes China's growing economic stature - and anxiety about the dollar's health - ahead of Thursday's G20 summit in London, where Beijing is expected to press for a bigger role in managing global finances.
Read full article [FoodBizDaily]
posted @ Thursday, April 02, 2009 3:13 PM |
April 2 (Bloomberg) -- Ethiopia, Africa’s largest coffee producer, will start exporting beans itself after closing the warehouses of six of the country’s largest exporters, which it claims are stockpiling coffee and contributing to a shortage of foreign currency. - A drop in export income, because of a poor coffee harvest, weak world prices and a ban on Ethiopian beans in Japan, is being exacerbated by stockpiling, Eleni Gabre-Madhin, chief executive officer of the Ethiopian Commodity Exchange, said on March 27.
Read full article [Bloomberg]
posted @ Thursday, April 02, 2009 2:43 PM |
Barry Callebaut Brasil S/A, subsidiary of the world’s leading manufacturer of high-quality cocoa and chocolate products, and Bunge Alimentos, a subsidiary of Bunge Limited and major agribusiness company in Brazil, signed a distribution agreement for Brazil whereby Bunge will assume the exclusive distribution of artisanal chocolate products made by Barry Callebaut in Brazil through the Food Service channel
Read full article [FoodBizDaily]
posted @ Thursday, April 02, 2009 11:13 AM |
The Federal Government says it is trying to ensure that overseas markets are aware that Australia is now free of citrus canker.
More than half a million citrus trees had to be destroyed after the outbreak was detected in central Queensland in 2004. -In January this year, Emerald was declared canker free and some growers in the region have already produced their first crops.
Read full article [abc.net.au]
posted @ Wednesday, April 01, 2009 8:03 PM |
KUALA LUMPUR, April 1 (Bernama) -- The Health Ministry has been doing Level Five tests through holding, testing and releasing of tea products imported from Myanmar.The ministry's director of its Food Quality and Safety Division, Nooraini Mohd Othman said the inspections were done after Singapore's Agri-Food & Veterinary Authority (AVA) detected the Auramine 0 colouring agent in tea imported from Myanmar.
Read full article [bernama.com]
posted @ Wednesday, April 01, 2009 7:54 PM |
In a disclosure to the Philippine Stock Exchange, San Miguel said it had signed a share sale and purchase agreement with Rengo Co., Ltd. for the Japanese company’s stake in San Miguel Rengo Packaging and Mindanao Corrugated for P250 million.It was unclear how much Rengo had held in both units but a source said the purchase would effectively increase San Miguel’s ownership in San Miguel Rengo Packaging to 100%.
San Miguel has also bought the 6.7% interest owned by Macondray Fibreboard Corp. in Mindanao Corrugated for P27.1 million, making it a fully owned subsidiary of the Cojuangco-led conglomerate.
Read full article...
posted @ Wednesday, April 01, 2009 5:17 PM |
JOHANNESBURG, April 1 (Reuters) - Brewing giant SABMiller (SAB.L) said on Wednesday growth in lager volumes may brake in Africa, one of its top performing regions, next fiscal year as the global crisis reaches the poorest continent. - SABMiller's head of Africa told Reuters the brewer of Peroni and Grolsch would keep beer volumes rising given African economies are relatively well cushioned from the world economic slowdown, but said the ripple effects were already being felt.
Read full article [Reuters]
posted @ Wednesday, April 01, 2009 11:58 AM |
Beam Global Spirits & Wine, Inc., and The Edrington Group today launched their new international sales and distribution Alliance. The Alliance spans 24 international markets and generates combined sales of more than US$1.5 billion (GB£1.07 billion; €1.16 billion). Designed to simplify routes-to-market, the partnership brings both companies closer to customers and consumers across the globe.
Read full article [FoodBizDaily]
posted @ Wednesday, April 01, 2009 9:56 AM |
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