Brazilian meat processor Minerva forms joint venture with Chinese distributors

BRAZIL – Minerva, a South American meat packer has signed an agreement with two Chinese meat distributors to form a joint venture aimed at exploring commercial opportunities in the Chinese market. Minerva has signed a […]

Infant formula market size to reach US$103.75bn by 2026 as innovation drives growth

WORLD – The global infant formula market is anticipated to surpass US$103 billion by 2026 with increasing awareness about their nutritional benefits and rising innovation from manufacturers in the sector seen to drive growth, a […]

Oranco to launch blockchain-based liquor identification technology

CHINA – Chinese alcohol marketer and wholesaler Oranco is has announced that it will be rolling out its blockchain-based liquor identification and collection technology following the completion of its test phase. Oranco’s technology – Huaxin […]

Chinese dairy firm Mengniu opens Nutrition Institute to bolster research

CHINA – Mengniu Dairy Company Limited, China’s leading dairy producer has opened the Mengniu Nutrition Institute in Beijing to strengthen the company’s research in dairy products and nutrition, reports China Daily. The institute will enhance […]

Suning acquires controlling stake in Carrefour’s China business for US$670m

CHINA – Chinese retail giant, Suning has completed acquisition of 80% stake in French supermarket Carrefour’s China business in an all cash transaction worth 4.8 billion yuan (US$670 million). The deal was announced in June […]

DuPont to enter strategic collaboration on probiotics with Chinese firm BY-Health

CHINA – DuPont Nutrition & Biosciences has unveiled plans of entering into a strategic collaboration with BY-Health, a leading consumer health care company in China. The strategic collaboration would focus generally on research and development of […]

China Development Fund to co-finance US$100m cocoa processing plant in Ghana

GHANA – The Ghana Cocoa Board (COCOBOD) has entered into a public private partnership with the China Development Fund and Genertec International Corporation to establish a cocoa processing plant at Sefwi Wiawso, Western region Ghana […]

Mengniu Dairy offers to acquire infant formula producer Bellamy’s for US$1bn

CHINA – Mengniu Dairy one of China’s largest dairy companies has offered to acquire Australia’s leading organic infant formula producer, Bellamy’s for approximately AUS1.5 billion ($1 billion). Bellamy’s said its board has unanimously recommended shareholders […]

China grants six month transition period for new pet food labels

CHINA – The Chinese Ministry of Agriculture and Rural Affairs (MARA) has issued an additional six months transition period for domestic and foreign pet food producers to transition to new labels as per the new […]