Saudi chocolate market to grow 43% by 2016
Middle East confectionery sales are set to boom, with the Saudi market projected to grow 43% by 2016 according to KPMG, and the region as a whole by 20% in 2015.
Archives for October 16, 2014
‘Gold standard outcomes’ for beef are called as part of TPP talks
The Five Nations Beef Alliance (FNBA) unanimously endorsed a public statement calling for all Trans-Pacific Partnership (TPP) nations to support ‘gold standard outcomes’ for beef, during its annual meeting.
Brazil’s BRF denies Americana bid, buys Al Yasra
Brazilian food giant BRF has denied it has joined a bid to buy Kuwait’s Americana, weeks after it bought a 75% stake in Al Yasra Foods, its Kuwaiti distributor, for US$160m.
ADB to help south Asia slow spread of livestock diseases
The Asian Development Bank (ADB) is to work with the Japan Fund for Poverty Reduction to help south Asian nations slow the spread of livestock diseases.
Food sector innovation is 'too cautious', says Rabobank
Innovation will be key for food and agribusiness (F&A) industry growth as food demand increases, according to a report from Rabobank.
Insights from SupplySide West
New ingredient set to give caffeine a run for its money, supplier says
Ingredient supplier Compound Solutions has introduced a nature identical version of theacrine branded as TeaCrine. The ingredient offers benefits over caffeine, the mainstay of energy formulations, the company says.
Russia looks to expand list of approved pork suppliers from China
Russia looks set to increase the number of the authorised pork suppliers from China, from two companies to 10, in a bid to close the deficit in its own meat processing industry, according to statements from the Russian authorities.
90% of Americans don't get enough choline. So why isn't it higher up the food policy agenda?
As the 2015 Dietary Guidelines for Americans are developed, there has been a lot of heated debate about saturated fat (not the nutritional bogeyman we always thought?) and protein (it’s a hot trend, but do we really need more?). But what about choline?
‘Accelerating the commercial adoption of early stage research’: Leading probiotics event unites science and industry in North & South America
San Diego will host the first ever Probiota Americas in June 2015, which will bring together eminent scientists and business leaders from the pre & probiotic and microbiota focused nutrition industries of North and South America.
AquaBall CEO: We have the ability to have 5% of the kids beverage market within 18 months
After 18 months of rapid growth and a summer of reflection, True Drinks is ready to accelerate growth for its AquaBall product with an expansion to new international markets, and an advertising campaign calling out its ‘sugar-saturated’ competitors.
Tiger Brands recall after banned colorant findings
Tiger Brands has recalled rice products after tests revealed the presence of illegal colorants.
Ingredion on Penford deal, gums, bolt-on acquisitions and Non-GMO - a ‘significant niche’
Press coverage of Ingredion’s $340m acquisition of starch & gums maker Penford made much of reducing its reliance on high fructose corn syrup in the light of lackluster soda sales. But HFCS now accounts for just 15% of sales at Ingredion, which has been...
Don Hutchens receives USMEF Distinguished Service Award
The US Meat Export Federation (USMEF) has named Don Hutchens as 2014 recipient of its Distinguished Service Award.
Australia
Australian regulator accuses Coles of malpractice in new legal action
The Australian Competition and Consumer Commission (ACCC) has initiated fresh legal proceedings against Coles over the supermarket giant’s alleged unsavory commercial practices with its suppliers.
What’s top on the Commission’s food forum agenda?
The impact of ‘sin taxes’ on competitiveness and consumption habits, food prices, and sustainability were the key points on the agenda for the European Commission’s High Level Forum for a Better Functioning Food Supply Chain.
Food safety conference
Top food safety threat is antimicrobial resistance
Four threats, including antimicrobial resistance, and two opportunities will be some of the biggest influences on UK food safety in the years ahead, delegates heard at the Food Manufacture Group’s safety conference this week.
Clean label trumps brands in Europe, says report
The ingredient list and a lack of additives or ‘artificial’ ingredients are the most important considerations for consumers when making a food purchase after price, says a new report on clean label in Europe.
Isoglucose market still faces hurdles in Europe
European appetite for isoglucose is still uncertain – despite the impending end to quotas.
Source of Yersinia outbreak remains unclear
The source of an outbreak of Yersinia pseudotuberculosis which has sickened at least 127 people in New Zealand remains unclear, according to the Ministry for Primary Industries (MPI).
Hassad Food agrees $500m Turkey investment
Qatar’s food and agriculture investment vehicle Hassad Food is planning new investments worth US$500m in Turkey’s agribusiness sector, the company announced.
Australian farmers want GCC free trade deals
Australian farmers are calling for new trade agreements with the Middle East as agricultural imports leap, with mutton up 168% year-on-year in September and lamb up 32%.