Singapore opens new research centre to address global food and water safety

ASIA - Singapore has opened the International Food and Water Research Centre (IFWRC) to support food companies and other scientists with food and water safety-related projects. The IFWRC will support scientists throughout the world working in areas such as food authenticity, food fraud discovery, water contamination research, food quality enhancement and new ingredient/formulation studies. The…

China’s grain imports fall on rising prices and impact of US tariffs

ASIA - China’s sorghum imports in July declined by 62.5% to 220,000 tonnes from 588,364 tonnes a year ago, impacted by heavy tariffs imposed on shipments from the United States and rising international prices, reports Reuters. According to data from the General Administration of Customs, the imports were also below June’s 450,000 tonnes when buyers…

Ingredion announces US$60m investment of specialty food ingredients in Asia

ASIA - Ingredion Incorporated, a leading global provider of ingredient solutions, today announced US$60 million of planned investments to grow its specialty food ingredients business in Asia. According to the company, it commenced expansion of its modified and clean-label specialty starch capabilities in tapioca, waxy corn and rice early last year. The investments include a…

PepsiCo India launches new Kurkure snack variants to tap local market

ASIA - PepsiCo India’s salty snacks division has launched new variants of Twistkeen under its popular brand Kurkure to build its presence in the local space, an ET Retail report notes. Developed in line with tastes and flavours similar to popular regional snacks such as Bikaneri bhujia, Andhra’s murukku and Shahi flavoured namkeens, Twistkeen is…

Milkbasket to expand engineering team five-fold and set new R&D Centre

ASIA - Milk and grocery delivery startup Milkbasket plans to expand its engineering team fivefold to 100 in the next nine months and set up a new research and development (R&D) centre, ET Retail reports. The development will enable the Gurgaon-based firm recommend users to products that they order frequently through machine learning. The R&D…

Ant Financial secures right to become the largest shareholder in Zomato

ASIA - Zomato’s newest investor and an affiliate company of the Chinese Alibaba Group, Ant Financial has received the right to become the biggest shareholder in the restaurant search and discovery service, reports ET Retail. The agreement gives Ant Financial greater say in company operations compared to other stakeholders even as the Chinese firm seeks…

Grofers partners with local businesses for last mile delivery

ASIA - The Indian online grocery delivery service, Grofers is partnering with local entrepreneurs to help with last mile delivery with an aim to roll out over 2,000 local businesses and store owners under the programme by the end of the year. According to ET Retail, this will be followed by expansion of the services…

Cigarettes-to-cookie maker ITC to launch milk-based beverages

ASIA- ITC Limited, Kolkata based Fast-Moving Consumer Goods (FMCG) company is looking to launch ready-to-drink, milk based beverages set to compete other products in the soft-drinks and other beverage categories. According to ET Retail, the new product range, Sunfeast Wonderz will be launched first in the southern states of Tamil Nadu, Karnataka, Telangana and Andhra…

Mother Dairy reaches US$1.20bn in turnover as it aims 65% growth this year

ASIA - The edible products company Mother Dairy has posted US$1.20 billion turnover, US$83.39 million realised in cow milk sales as it aims to grow 65% this fiscal year. Strong performance was driven by healthy sales revenue from cow milk which it introduced in mid-2016 and growth in this category is attributed to growing consumer…

PepsiCo India’s marketing head Vipul Prakash resigns, Vishal Kaul to take over

ASIA - PepsiCo India’s Senior Vice President-Beverage category and transformation Vipul Prakash has stepped down to pursue an entrepreneurial opportunity outside the company. He will be succeeded by Vishal Kaul who joined the company recently from Ola and has been associated with PepsiCo since 1999. "Vipul Prakash, Senior Vice President, Beverages Category, India Region has…