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.
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 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.
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.
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.
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.
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.
Nestlé has launched new sweets and biscuits in Russia as intense
competition has forced the firm to invest heavily in what is now
the world's fourth biggest confectionery market, reports Angela
Drujinina.
Our journalist Angela Drujinina brings you the latest
research on Russia¡¯s chocolate market, including producers¡¯
concerns, the market situation and market leaders.
Nestle, the world's biggest foodmaker, has apologised to Chinese
consumers after the country's safety authorities detected too much
iodine in one of its milk-power brands.
Hungry food ingredients giant Cargill to enter Brazilian sugar and
alcohol production sector for the first time, announcing a new deal
to buy Açucareira Corona sugar mills.
