China to overtake US as the world’s largest grocery market by 2023

CHINA – China is set to become the world’s largest grocery market by 2023 in value terms, overtaking the US which has been benefiting from a strengthening economy. According to the latest statistics from international […]

Zimbabwe eyes Chinese citrus market to boost sector

ZIMBABWE – Zimbabwe has unveiled plans of exporting citrus products to China as part of the government’s efforts to increase investments in the value chain at a global scale. Dr Sibusiso Moyo, Foreign Affairs and […]

COFCO’s research institute partners Chinese venture fund Bits x Bites

CHINA – COFCO’s Nutrition and Health Research Institute (NHRI) has announced that it has signed a partnership with Chinese food tech venture capital fund Bits x Bites, reports World Grain. COFCO said its goal is […]

Associated British Foods and Wilmar forms China joint venture

CHINA – Associated British Foods plc has entered into a binding agreement with Yihai Kerry Arawana Holdings Co., Ltd, a subsidiary of Wilmar International Limited to form a joint venture in China. The 50:50 JV […]

CP Kelco invests in China gellan gum facility to expand capacity

CHINA – Global ingredient solutions provider, CP Kelco has announced that it is investing in capacity expansion at its gellan gum production facility in Wulian, China. The company said the expansion, which is set to […]

China stops US soybean purchases amid trade tensions

CHINA – China has put a stop to purchases of U.S. soybeans amid continued trade tensions between the United States and China, according to a report from Bloomberg. Citing sources familiar with the trade situation, […]

China’s soybean imports from the US up as Brazilian imports surge

CHINA – China’s April soybean imports from the United States rose 15.9% month-on-month attributed to easing trade talks while imports from Brazil saw a tremendous increase during the period. Imports from Brazil, which is set […]

Louis Dreyfus joint venture breaks ground on new aquafeed mill in China

CHINA – Louis Dreyfus Company B.V., through a joint venture with Guangdong HAID Group has started construction of a new aquafeed mill in Tianjin, China. The new mill will be built and operated by their […]

Coca-Cola, PepsiCo, Danone among founding members of China Food Tech Hub

CHINA – China-based startup accelerator and venture capital firm Bits x Bites has launched the China Food Tech Hub, with Coca-Cola, PepsiCo, General Mills and Danone being among the ten founding members. Other members include […]

AB InBev’s ZX Ventures to expand low-alcohol craft beer offering in China

CHINA – ZX Ventures, global incubator and venture capital arm of AB InBev has unveiled intentions to expand its low-alcohol craft beer portfolio in China to capitalize on the country’s growing beer market. According to […]