Retailers and distributors in Europe and the US are outbidding each other to secure scarce cargo space on ships, The Australian reported.
A start-up Auckland firm is applying nanotechnology to a fisheries by-product to manufacture 100% biodegradable, antibacterial air filters—a New Zealand first in an expanding global market.
Chinese car maker Geely Holdings Group Co. Ltd. said it has completed its USD1.8 billion (MZ$2.45 billion) buyout of Ford Motor Co.’s Volvo unit, in a landmark foreign acquisition by a Chinese company.
Nestle is setting up an innovation hub in Singapore that will focus on the development of coffee mixes in the Asia Pacific region, according to beveragedaily.com.
Chinese regulators are busy drafting food safety standards for pistachios to prevent widespread bleaching of pistachios, according to a report by peopledaily.com.cn.
The Shiv Sena party activists last week drained thousands of litres of milk near Pune, south of Mumbai, according to an online report by India Today. The provocation came after the government’s decision to import 30,000 tonnes of milk powder and 15,000 tonnes of ghee from New Zealand.
Global demand for functional additives and barrier coatings for plastic packaging is forecast to grow by 4.3% in the five years from 2009 to reach US$752 million (NZ$1.03 billion) by 2014, according to a report by foodproductiondaily.com.
Ireland is planning a big increase in milk output once quotas are lifted in 2015 as the government places food at the heart of an export led growth strategy, according to dairyreporter.com.
Air freight rates from Asia to Europe continue to decline as a weakening euro and doubts over economic growth create uncertainty among retailers, according to International Freight Weekly (IFW).
New Zealand’s trade surplus narrowed in June as a seasonal decline in farm production and falling prices curbed exports, according to a Bloomberg report.
The value of NZ-exported forest products have increased over 54% in 2010, according to Wood Resource Quarterly.
Global demand for functional additives and barrier coatings for plastic packaging is forecast to grow by 4.3% in the five years from 2009 to reach US$752 million (NZ$1.03 billion) by 2014, according to a report by foodproductiondaily.com.
Air freight rates from Asia to Europe continue to decline as a weakening euro and doubts over economic growth create uncertainty among retailers, according to International Freight Weekly (IFW).
