DuPont launches new ascorbic acid alternative for the baking industry

CHINA – DuPont, an American conglomerate, is the first company that has launched a new ascorbic acid alternative, Hexose Oxidase, for the baking industry. According to the company, the hexose oxidase technology present in the DuPont Danisco GRINDAMYL SUREBake product range can utilize many different sugar molecules as a substrate rather than just glucose alone,…

Taste and nutrition company IFF opens two new facilities in China

CHINA - International Flavors & Fragrances Inc., a leading innovator of scent, taste and nutrition, is opening two new facilities in China; a flavors manufacturing facility in the Zhangjiagang Free Trade Zone and a Natural Product Research lab in the Nanjing Life Science Park. According to the company, the flavors plant is the Company’s second…

Turkey’s food exports to China increases by 100% over 3 years

ASIA - Turkey’s food exports to China have risen 100% from US$72 million in 2014 to US$144 million realised by the end of 2017, according to the Aegean Exporters Association. Growth was seen in exports involving meat, fish, dried fruits, olive and vegetable oil, fruit and vegetables, and hazelnut. Speaking on the development, Birol Celep,…

Tanzania secures coffee, tea and legumes market in China

TANZANIA - Tanzania Trade Development Authority (TTDA) has said that the country has secure d a market for coffee, cashew nuts, ginger, tea, peas, and legumes in China where there is high demand for the commodities. Daily News reports that the development was announced by TTDA Director General, Mr Edwin Rutageruka after the Asian country…

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…

Yili to upgrade European Innovation Centre to expand economic and scientific sectors

CHINA – Yili, a state-owned company of dairy industry in China, has made plans to upgrade its activities of Yili European Innovation Center with the theme of "Enabling Connecting Globally by Innovation" to expand its economic and scientific sectors. The company said that in 2014, together with Wageningen University in the Netherlands, it jointly established…

US Trade Representatives unveils US$200bn tariff list on Chinese imports

USA - The U.S. Trade Representative (USTR) has unveiled a list of additional tariffs on approximately US$200 billion worth of Chinese imports in what U.S. trade officials termed as “continuing response to China’s theft of American intellectual property and forced transfer of American technology”. The additional tariffs will be effective starting September 24, 2018 initially…

China’s Tencent in talks to invest in India’s Swiggy in an upto US$700m funding

ASIA - Tencent, the Chinese investment company has joined several investors who want to invest in India’s food delivery platform Swiggy which is seeking to raise US$500-700 million. According to ET Retail, the talks which involve several existing and new investors may see an investment that could value Swiggy at US$2.5-3 billion ET Retail had…

Government to spend US$1.2b to buy farmers products after retaliatory tariffs from China, USDA says

USA - The federal government will spend up to US$1.2 billion to buy products from farmers hurt by the retaliatory tariffs from China and other countries, and will provide almost US$5 billion in payments to farmers, the U.S. Department of Agriculture announced. Accprding to ABC, the the purchases and payments are part of an emergency…

African swine fever outbreak could spread to China, United Nations FAO says

CHINA – African swine fever, a deadly outbreak with the potential to affect a country’s pig population, has been reported that it could possibly spread to China, and now Chinese officials are scrambling to stop it. According to the Washington Post, the virus — which does not threaten humans — has spread to four provinces…