Topic “Featured News” — Exporter Magazine
Kathryn Jaggard, derivatives manager for NZX, said 55 contracts had been traded since the launch of the whole milk powder futures product. The number of trades was meeting expectations. Gulfood, said to be the world’s largest annual food and beverage trade exhibition, has fully sold out four months ahead of the show, organisers were quoted saying in TradeArabia.com. The event will run until Wednesday at the Abu Dhabi National Exhibition Centre (Adnec) under the patronage of Shaikh Sultan Bin Tahnoun Al Nahyan, Chairman of the Abu Dhabi Tourism Authority (Adta). It is co-hosted by Adta and the Environment Agency — Abu Dhabi. John Hartnell, spokesperson of the Federated Farmers, wants MAF to implement improved test methods that guarantee the safety of disease-free pollen imports. Farmers also also demanding that appropriate screening for viruses or fungal spore be conducted for imports. Production may start as early as January, with an introduction to the public by February or March, the report said, quoting Mike Abramsky, an analyst with RBC Capital Markets in Toronto. Proleads Global, a UAE-based market research company has reported that nearly 1,300 projects valued at more than USD$418 billion (NZD$536 billion) are under construction in the UAE, with an additional 303 projects worth $143 billion in the design, planning or bidding stage. The agency has warned four companies that the caffeine added to their malt alcoholic drinks is an “unsafe food additive” and threatened product seizures if appropriate action is not taken. The companies concerned are Charge Beverages Corp, New Century Brewing Co., Phusion Projects and United Brands Company. The hikes for containers from Asia to US east coast ports and to US intermodal points moving through or via US east coast ports are: US$640 (NZD$832) per TEU, $800 per FEU and $900 per 40-foot high-cube. New Zealand Winegrowers’ global marketing director Chris Yorke said the results from the two competitions are a boost to the profile of the New Zealand wine industry at a time when it is working to continue its success in Australia and expand its presence in Asia.