News

China's online sales exceed US$124 billion
China's e-commerce continues its rapid expansion with online sales turnover in 2011 rising by an annual 66 per cent to surpassed 780 billion yuan (USD$124 billion), according to Xinhua News.
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Aussie supermarket giant Woolworths gains market share in NZ
Australian supermarket giant Woolworths says it's gaining market share on this side of the Tasman, with New Zealand shoppers pumping close to $3 billion through the tills at its Countdown stores during the six months to January this year, the NZ Herald reported.
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Aussie cattle exporter suspend shipment of live cattle to Indonesia
Perth-based cattle exporter Inter­national Livestock Exports has suspended shipments to an Indonesian abattoir after disturbing footage emerged this week of slaughter practices there, triggering an investigation by Australian authorities that could cost the company its export licence, according to...
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Fonterra breaks ground with research on biolipids and probiotics
Bioactive dairy lipids and proprietary probiotic strains have shown new benefits for gut health, allergy reduction and immune enhancement according to Foodworks.co.nz citing a research by Fonterra.
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Nine billion litres of extra European milk expected in 2015
Billions of litres of extra milk are expected to hit the global market once restrictions on European production are fully lifted, according to an NZ Herald report citing Rabobank.
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China's rare earth exports set to double this year
China, the biggest supplier of rare earths, may almost double exports this year and meet quotas set by the government as lower prices stimulate demand, according to a report in the Sydney Morning Herald.
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Settling trade in Chinese yuan can provide competitive edge - Western Union
Western Union Business Solutions, a business unit of the Western Union Company (NYSE:WU), a leader in global payment services, has found that by settling transactions with Chinese exporters in U.S. dollars (USD) instead of Chinese yuan (CNY) American businesses paid approximately USD$2.4 billion in...
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French kiwi fruit grower sets sight on growing exports
Prim'land, the leading French producer of kiwis, estimates that their production orchards will grow by more than a fifth within the next four years, underpinned by strong export sales, according to a report by FreshPlaza.com.
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US farm production set to change amidst rising Chinese demand
The US Grain Council expects sophisticated food demands of newly affluent consumers in China and other developing nations to cause major changes in US farming and food production.
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Chinese catching up with Japanese on steel manufacturing
Chinese steel companies are rapidly catching up with their Japanese counterparts in manufacturing high-quality products, according to ChinaDaily.
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Ford ramps up chase for Chinese car market
Ford Motor is on track to double the number of dealerships in China by 2015, its country chief said yesterday, according to a report in Gulf News.com. The company recently launched its half-a-billion-dollar plant in a race to narrow the gap with foreign rivals in the world's largest auto market.
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Euro countries headed for a mild recession -- EC
Countries that use the euro are headed for a mild recession this year, the European Commission said Thursday, according to a Washington Post article.
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Aussie meat producers use social media to growth market
Beef and sheepmeat producers are poised to star in a new social media campaign that Meat and Livestock Australia will launch next month, according to Queensland Country Life.
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MSC announces rate increase on from Asia to US
Mediterranean Shipping announced it will increase all freight rates on its eastbound service from Asia to the U.S. and Canada on March 15, according to the Journal of Commerce.
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Turkey seeks trade balance with China
Turkey and China Wednesday announced a goal to boost bilateral trade from the current USD$24 billion to $100 billion over the next eight years.
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