Topic “In the News News” — Exporter Magazine

Fonterra has revealed that prices were down sharply at its latest auction, as concerns about supply, which had fueled recent price increases, eased, according to DairyReporter.com. The PLAnet Cup, launched by Melissa Floreani, owner of Espresso Syndicate, a company which supplies sustainable, organic fair trade coffee to cafes across Melbourne, is lined with biodegradable PLA (cornstarch) which is harvested from renewable resources and can be composted after use. Sudan will double its sugar output to at least 1.5 million tonnes a year to become a net exporter by 2014, part of a larger plan to catapult the African nation into the world’s top five producers, according to a Reuters report carried by TradeArabia.com. Austrian house builder Elk announced last week that it’s entering a new business sector by offering prefabricated hotels which can be built in just eight weeks and can be set up anywhere in the world, according to GulfNews.com. 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. 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. 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.