Topic “In the News News” — Exporter Magazine

NASA, which pioneered America’s space programme, is to set up shop in the Kapiti Coast town of Otaki, lured to a new technology park targeting green and renewable energy sources, according to New Zealand Trade and Enterprise’s (NZTE) website. Cathay Pacific has entered into a letter of intent with the Airbus Company to buy 30 Airbus A350-900 aircraft. The airline has also expressed its intention to exercise existing purchase rights in respect of six Boeing 777-300ER aircraft, according to a Transport Weekly.com report. After more than a decade entering China, Nike has promoted China as its biggest market outside of the United States and is seeking to expand its product to lower-tier cities throughout the country, according to ChinaDaily.com. The Gulf countries currently import up to 90% of their food products to meet the rising demand with the UAE expenditure alone reaching up to $6.78 billion (NZD$9.53 billion) in 2009, according to TradeArabia.com. A UK consumer study has uncovered serious misunderstandings about what ‘organic’ food is, with one in four people admitting confusion and one in five believing organic food is lower in fat, according to FoodNavigator.com. In the search for new market outlets for Corowise plant sterols, Cargill presented a dark chocolate shot at the Institute of Food Technologists (IFT) Food Expo in Chicago, according to BeverageDaily.com. A global lamb shortage equivalent to three-quarters of New Zealand’s production is looming, but the continued erosion of NZ sheep flock means the country is not in a position to satisfy that demand, according to the Otago Daily Times.