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All news articles > June 2004
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28-Jun-2004
Corn Products signs on corn starch venture in China, a first
Joining the growing ranks of ingredients companies taking root in China to defend their market position, US starch and sweeteners firm Corn Products International has linked up with Shandong Juneng Electric Power Group Golden Corn Development company to manufacture modifed corn starch, writes Lindsey Partos.
Australia 'buys-in' food technology
The Australian food industry was likely to remain an importer of innovative food and drink technology rather than an exporter, the chairman of consumer product giant Unilever's Australasian operations said on Friday, according to reports in the Australian press.
25-Jun-2004
Water electrolysis for a safer poultry industry
Food safety firm Electric Aquagenics Unlimited has developed a water electrolysis disinfectant system that it claims could revolutionise the way in which the poultry industry operates.
Thailand races to compete with Asian palm oil giants
After years of Malaysian domination the international palm oil industry is set to become far more competitive. It is common knowledge that the Indonesian palm oil industry is gearing up for increased production, but now Thailand is joining the competition after its agricultural ministry announced plans to develop vast tracts of land previously devoted to rubber plantations.
People's Food quashes rumours
The managers of Singapore-listed People's Food have moved to quash speculation over a profit warning, following rumours that the company was about to be downgraded by analysts.
China struggles with oilseed
As China cuts back on its demands for oilseed, the world market will feel the repercussions this year. According to a report from the Economist Intelligence Unit China is aiming to reduce soybean processing as part of efforts to cut back on run away inflation and to promote domestic producers, but observers are warning that this may not have the desired effects, writes Simon Pitman.
Imaginative snacking
Innovative snack launches dominate this week's offerings from Mintel's GNPD, featuring everything from a rice cracker salad with dressing to a honey flavoured vitamin fortified drink.
24-Jun-2004
F&N moves in on China dairy
The Singapore-based Fraser & Neave group has made its first acquisition in the China dairy market, in a move that aims to tap in on double digit growth, the company reports.
Arnott 's says it wants to expand in Asia
Leading Australian biscuit manufacturer Arnott's Biscuits, part of the global food giant Campbell Soup, says it wants to expands it presence throughout the Asian region.
Brazil says 'yes', China says 'no' over soybean trade
Despite claims by Brazilian authorities that exports of soybean are about to be resumed to China, officials from China's State Grain Administration have categorically said that trade is not about to start again at any time in the near future.
SMC lashes out against union claims
Leading Philippines food and beverage producer San Miguel Corporation (SMC) has lashed out against accustations made by trade union group Kilusang Mayo Uno (KMU) that it closed its three warehouses in Quezon City, Manila and Caloocan last June as part of aims to sever ties between its employees and the union.
23-Jun-2004
Unilever, Coca Cola & McDonalds pledge HFC-free production
Unilever, Coca Cola and McDonalds have promised to stop using environmentally-damaging chemicals in their refrigeration equipment on an international level. The initiative, supported by the UN and pressure group Greenpeace, will see the use of hydrofluorocarbons phased out completely in what could be the start of a green revolution in food production, writes Anthony Fletcher.
18-Jun-2004
Interbrew buys up Zhejiang brewer
Interbrew has acquired a 70 per cent controlling interest in Zhejiang Shiliang Brewery Company, located in the Yangtze Delta, strengthening its leading in China's Zehjiang province.
World meat and dairy experts chew the fat
In the face of rising meat and dairy prices, animal disease outbreaks and consumer health concerns, world agriculture policy makers, meat traders, dairy experts, veterinarians and private sector producers have attended the 20th session of the Intergovernmental Group on Meat and Dairy Products.
New Dragon Asia expands flour production
New Dragon Asia has acquired the assets of a flour manufacturing facility valued at $1.33 million, located in Penglai City of Shandong Province within the People's Republic of China, which aims to further expand the company's flour production capacity and meet rising consumer needs.
Asia shows biggest shift to processed foods
Findings from a new report from the Geneva-based World Trade Organisation suggest today's highly processed food industry will continue its thirst for ingredients, writes Lindsey Partos. And it is in Asia Pacific, where countries such as China, Thailand, Malaysia and Indonesia are showing the biggest shifts.
Beijing sows more hybrid rice to ease grain shortages
Although 2004 is now expected to yield a bumper grain harvest in China, with provinces announcing record crop levels, Beijing is taking action to halt the country's fall in per-hectare yield of cropland over recent years.
16-Jun-2004
Fujian Dali Food builds new China biscuit facility
Leading China biscuit manufacturing Fujian Dali Food says that construction of its new €19 million biscuit factory in Changchun, Jilin Province, is now well underway, moving it closer towards its goal of dominating the biscuit market in northeastern China.
China grains up, but it will not help global supplies
As grain stocks are depleted across the world, China's food producers have found sourcing the commodity an increasingly expensive and time consuming issue. However, a report from independent intelligence provider Access Asia indicates that an increase in domestic grain crops this year is leading to both domestic freight problems and a loss of orders for grain exporters to the country. But if a recent FAO report is anything to go by, global supplies will not be impacted by the increased fortunes of China's grain producers.
Baby milk poisoning
Health authorities in southern China's Guizhou Province say they have recalled a suspected batch of poisoned milk powder formula after receiving a series of complaints that babies had been poisoned.
Strong GM compliance in Australia, claims FSANZ
New laws on genetically modified foodstuffs are said to be amongst the toughest in the world, according to Australia and New Zealand's joint food watchdog, FSANZ. The claim comes following the association's extensive review of labelling regimes for GM foods across the world.
JVs fall from favour as top route into China market
Joint ventures (JVs) are rapidly falling out of favour as the preferred way of establishing a foothold in the China food market, according to new research. Persistent problems with intellectual property are highlighted as the core concern for most foreign investors.
11-Jun-2004
Indofood seeks debt recovery
PT Indofood Sukses Makmur, the Indonesian wheat flour producer and food company, has said it is expecting up to 5 per cent growth in sales for 2004 in the same week that it launches a further bond offering on the Surabaya Stock Exchange in an effort to reduce its debt load.
Cleaner food in Australasia
Reports from both New Zealand and Australian food authorities suggest that foods in the region are cleaner, after separate studies indicated that residue levels in the food supply were lower than elsewhere in the world.
Malaysian palm oil focuses on eastern Europe
Eastern Europe will prove pivotal to future palm oil demand. According to the Malaysian Palm Oil Promotion Council both Russia and Ukraine will be driving demand, which is expected to top growth of ten per cent in the coming years, writes Simon Pitman.
Ajinomoto ups Masako seasoning production
Japanese sweetener and seasonings giant Ajinomoto plans to ramp up production of its Masako flavoured seasoning in Indonesia, reported the Nihon Keizai Shimbun yesterday.
China gives nod to soy protein
China-based American Oriental Bioengineering has entered into a strategic deal with the China government to develop its Soybean Protein Peptide, in a move which gives the thumbs up to the country's biotech industry as well promoting domestic soy processing.
10-Jun-2004
Report stresses winners and losers in China
China's food and beverage industry continues to be a focus of long term investment hopes for the multinationals, but as demands on both ingredients and commodities put pressures on food prices a report by Deloitte Touche stresses that there will be winners and losers.
Ice cream push for Nestlé Thailand
Swiss food giant Nestle has said that its Thai division is about to introduce another major drive in its aims to consolidate the still fragmented ice cream market in Thailand.
Fonterra looks to China exports for future
New Zealand dairy giant Fonterrra has outlined ambitions to tap in on anticipated growth in demand for dairy imports to China. Speaking at a conference in Auckland today CEO Andrew Ferrier said that the country represented 'considerable long-term opportunities' for the company.
Drinking to health
Some unusual drinks launches are highlighted by a Chilli-flavoured cola, a cactus juice and an artichoke and strawberry-flavoured drink, emphasising the demands of the ever-adventurous and health-conscious Asian.
08-Jun-2004
Ongoing Chinese soy surge stretches supplies
China will continue to pull on tightening world oilseed and grain supplies as the country's highly stretched agriculture sector struggles to keep up with surging domestic demand.
07-Jun-2004
New Coke facility under way
COFCO Coca-Cola Beverage said it has begun construction of a $12 million new production facility in Lanzhou's high technology district, in the central western region of China.
Australian ministers review GM label progress
Food fortification, health claims and genetically modified foods were tabled at a recent meeting of ministers in Australia and New Zealand gathering together to tackle food policy. The ministers agreed on a policy guideline for food fortification as well as mulling over the ongoing debate on folate fortification and a review of GM labelling.
SMC to brew beer in Thailand
The San Miguel Corporation has signed an approval of a license to produce beer in Thailand, a deal that will allow the entry of the Philippines-based brewer's beer brands into the fast-growing Thai beer market.
04-Jun-2004
Obesity, growing problem for world's poor
Obesity is a growing threat for many poorer women in most countries with upper-middle income national economies and even some with lower-middle income economies, an international study concludes.
China's beer market anything but fragile
On the back of this week's dramatic acquisition of China's Harbin Brewery by the world's largest brewer, Anheuser-Busch, ahead of its nearest rival, SABMiller, Scottish & Newcastle has announced that it has signed a binding legal document with China's Chongqing Breweries (CBG) to purchase a 19.5 per cent stake in the CBG owned Chongqing Brewery Company for £35million (US$64million). So what is tempting major breweries to invest in the beer market of the world's most populous country? asks Kevin Phillips
03-Jun-2004
Continued economic growth to benefit trade
A recent report from the Australian National University indicates that food and beverage companies in the Asia Pacific region will continue to benefit from strong economic growth in 2004, but that growth is set to fall back next year.
SABMiller bows out over Harbin
SABMiller has confirmed that it will not proceed with its €500 million offer for Harbin Brewery, in a move that cedes control of the key China brewer to rival Anheuser-Busch.
Jinro moves closer to sale
South Korea's largest liquor maker, Jinro, has moved one step closer to a sale after a number of investment banks acknowledged that they were prepared to advise on the matter.
China reassures Argentina over soy
China has reassured Argentine soy producers that it will continue to buy its soy, after the producers started to show signs of nervousness in reaction to trade agreements signed last week with the Brazilian government and Brazilian soy producers.
01-Jun-2004
Australia, NZ recognise benefits of folate, other fortification
Australia and New Zealand could become the next countries to require fortification of certain foods with folate.
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