CHINA - Tetra Pak, the multinational food manufacturing and packaging company, has announced that it has helped Yili, a leading Chinese dairy manufacturer, to produce the world’s first drinking yoghurt with large fruit and cereal pieces. According to the company, Yili launched the breakthrough product in Tetra Top 200ml with large re-sealable screw caps,…
USA - The United States has threatened to impose a 25% tariff on products with ‘industrially significant technologies’ from China while the latter has promised retaliatory measures on 100 types US goods including 25% tariff on soybean. The new measures were announced by US President Donald Trump on June 14 prompting a haste response from…
WORLD - Global tea production and consumption will continue to increase over the next decade driven by rising demand in developing and emerging countries especially India and China which have seen accelerated growth, according to a May report by FAO. The report suggests the upward trend is attributable to a combination of higher incomes and…
CHINA - China has announced plans to impose anti-dumping duties on broiler chicken products imported from Brazil citing an investigation that indicated increasing imports were damaging the domestic poultry industry. Bloomberg reported that the Ministry of Commerce said that importers would now have to pay deposits of between 18.8 to 38.4% on purchases to Chinese…
SOUTH AFRICA - Distell, the South African brewer has been re-listed on Johannesburg Stock Exchange and the company is eying growth opportunities in China and the rest of Africa. The planned restructuring of its corporate structure involved suspension of Capevin, which holds a 29% stake in Distell from JSE on May 30 to form a…
USA - The National Pork Producers Council (NPPC) has said that following China’s 25% tariffs blow on US’s pork and related products, the pork industry could suffer losses worth US$2.2 billion annually, reported FoodBev. According to NPPC’s statement, the US pork production is at record levels and that if the tariffs were lifted, pork exports…
CHINA - China through the Ministry of Commerce announced on May 18 that it was dropping sanctions on US sorghum after the two sides said they were engaging in talks to ease trade tension. China’s commerce ministry said it terminated the anti-dumping probe and duty investigations terming calling those measures that did not serve the…
CHINA - The Finnish dairy producer, Valio has unveiled expansion plans in China by establishing new business units of retail and food service, adding to its already existing ingredient business units. Alongside the launch, the company has opened its Valio China head office in Shanghai with a focus on serving the Chinese market through innovation…
CHINA - China’s dairy market will grow at a 6.6% CAGR in value to reach US$54.91billion in 2022 led by yogurt and cheese markets which are experiencing steady high value retail sales growth, according to a new research from Mintel. The report indicates that yoghurt maintains an annual retail sales growth of over 20% since…
GHANA - Ghana has announced that twenty-four factories have so far been approved for construction under the government’s “One District One Factory (1D1F)” initiative to build one factory in every district with a close emphasis on the agricultural sector, reports GNA. Deputy Trade and Industry Minister, Robert Ahomka-Lindsay said the category includes six existing factories…
