China: a victim of trade wars?
If the Chinese government gives in to mounting international
pressure to revalue its currency, it could spell the end of cheap
exports, a move that many anticipate would have a knock-on effect
on raw materials costs for the food industry....
Russia bans sweets in school canteens
Sweets such as chocolate and toffees will not be sold in school
canteens throughout Russia from September 1 of this year under a
new initiative announced by the country's chief sanitary doctor,
Typhoon damages China's sugar crop
Up to 10 per cent of sugar cane in China's key sugar growing region
may have been damaged by the typhoon that hit southern provinces
Cargill takes control of gum venture in China
Cargill has taken full control of its xanthan gum joint venture in
China, opening the way for it to take a bigger share of the
competitive gums market.
CP Kelco expands xanthan gum output in China
Nurturing a competitive edge, US xanthan gum producer CP Kelco
expands production in the one of the world's fastest growing
China to sell sugar reserves to ease prices
Sugar prices on China's futures market fell sharply this week as
the government announced that it would auction 552,000 tons, mostly
from its reserve stocks, to stabilise prices.
Bosch goes local in China
A new Bosch plant in China is slated to become the German packaging
group's Asian headquarters, offering local confectionery makers
better prices over imported machines.
Barry Callebaut looks to tap Russian choc market
Barry Callebaut has begun construction of a new state-of-the-art
chocolate factory in Russia, which should help the chocolate giant
better target the central and eastern European market.
China may trade palm oil futures
Dalian Commodity Exchange, China's largest futures exchange by
volume, is considering introducing palm oil futures, allowing food
processors to hedge risks on the increasingly used ingredient.
High sugar price may boost shift to premium products in China
Food and beverage firms making premium products will cope best with
the current surge in price of both Chinese and imported sugar, with
higher margins to cover the rise in costs.
Gum and emerging markets drive Cadbury's 2005 growth
Cadbury Schweppes has exploited the continued global growth of
chewing gum and tapped into emerging new markets to report
increased sales for 2005.
Amcor to develop flexible, biodegradable packaging
Amcor has teamed up with Plantic Technologies to develop a
biodegradable, flexible plastic packaging for confectionary.
Russia brings strong export gains to EU food and drink makers
Fresh figures confirm Russia as a profitable target for food and
beverage makers with exports to the region rising by 34 per cent
Sweet innovation aids 'stagnant' Russian confectionery
Russian firm United Confectioners has used new technology to launch
a new range of jelly sweets, tapping in to one of the most
promising sectors in Russia's confectionery market.
Russia sees surge in foreign wine demand
Russian firm Sanserite will import new, Spanish wines aimed solely
at Russia as demand for foreign wine increases thanks to rising
consumption, higher disposable incomes and a declining domestic
wine industry, reports Angela Drujinina.