Breaking News on Food and Beverage in Asia Pacific |
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As one door closes another one opens with the Food Ingredients Asia show that ended in Shanghai last week now replaced by the finished foods exhibition SIAL China. At the opening event this week EU agriculture commissioner Franz Fischler was there to push Europe's thriving food market and explore opportunities for business, writes Lindsey Partos.
The South Korean meat and poultry sector is continuing to suffer under the weight of disease outbreak - namely BSE and bird flu - which has hampered production and made a big impact on sales. But with sales slowly recovering, there is light at the end of the tunnel.
As Asia slowly recovers from the bird flu crisis, mounting corn prices are now hitting poultry and other livestock producers as they race to restock feed supplies. With corn stocks in China hitting new lows, other feed alternatives will have to be explored if producers are going to stay on top, writes Simon Pitman.
Food ingredients companies head off to China with agriculture chief Fischler next week on a mission to boost trade relations and create new business opportunities for the food industry.
Thai fruit farmers have won a long battle to get their lychees and longans onto the Australian market place, breaking a long ban by Australian authorities which deemed the fruit as a potential pest-carrying hazard to agricultural crops.
Leading Taiwanese soft drinks maker, Hey Song, has taken the plunge into the ever-growing China market, having announced that it is to make a significant investment to build a production facility in the south of the country.
China's packaging industry is currently undergoing a growth rate that is set to turn the sector into one of the country's leading industries. Fed by the continued growth of the country's food and beverage industry, both domestic and international packaging equipment manufacturers are developing rapidly, says a recent market report.
As the FAO continues its calls for caution over bird flu, South Korea announced that a new outbreak of the disease has taken place on a small battery farm just north of the capital, Seoul.
European food ingredients companies working in the rapidly emerging Chinese food market can look forward to getting a slice of the €135 billion trade exchange between the two blocs.
Britain's biggest food retailer Tesco looks set to take a further step towards its goal of competing with global giants such as Carrefour and Wal-Mart with a move into the massive Chinese retail market.
Vietnam is seeking to import between 500,000 to 600,000 tonnes of corn for feed as it moves to restock poultry flocks hit by the outbreak of bird flu earlier this year, even though the FAO has warned the country not to resume poultry farming too quickly, writes Anthony Fletcher.
China claims to have had an early success in stamping out the bird flu that has been causing severe hardships to the country's numerous poultry farmers, after the mass culling of some nine million birds over the seven weeks since the first outbreak.
Trade in food and beverage products is expected to grow significantly on the back of an agreement made between China and Vietnam which will end tariffs on nearly 500 seafood and agricultural products during the course of the next four years.
Britain's biggest food retailer Tesco looks set to take a further step towards its goal of competing with global giants such as Carrefour and Wal-Mart with a move into the massive Chinese retail market.
Red meat sales in Australia are firmly back on the road to recovery, according to statistics released today from Meat & Livestock Australia. The figures show a second year of strong recovery following dwindling sales in the 80s and 90s.
Growing opportunities for food manufacturers in Australia may well be rooted in innovative flavours and health ingredients, say researchers at CSIRO on the day the Australian government earmarks millions of dollars to invest in R&D for the food industry.
International wheat, corn and soybean prices will remain high for much of 2004, warns the US agency Fitch Ratings, with the industry likely to see a continual shifting of higher ingredients costs onto the food manufacturer. And it seems that demands from the rapidly growing China market will be pivotal to future patterns.
Dosic, the Chinese evening primrose oil supplier, pulled off a 30 per cent climb in European sales last year - with a mature product in a mature market - by addressing the crux problem for all Chinese producers targeting Europe.
British consumers are now drinking more bottled water than ever before, attracted by the healthy image of the product. And it is this image which is likely to protect natural mineral waters such as Evian or Vittel from the impact of Dasani, Coca-Cola's purified tap water brand launched there recently.
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