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NZ wine exports up for June year but profit falls
Wine exports are up 5% in the June year, topping NZ$1 billion for the first time, but exporters are getting much less for each litre of wine in what New Zealand Winegrowers call the toughest year in more than two decades, according to Stuff.co.nz.
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Price, eco labels help Kiwis decide purchase
Sellers using eco-labels backed with the right information could make as many as 85% of New Zealanders more likely to buy a product, according to a survey.
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China allows yuan-ringgit direct trade
China for the first time allowed the yuan to trade against the Malaysian ringgit on the domestic market last Thursday in a move signalling China’s intention to progressively turn the yuan into a major global currency, according to a Wall Street Journal online report.
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Kraft seeks technology to keep chocs from meltdown
Kraft Foods is reaching out to industry and academic partners to find a packaging technology that will protect chocolate bars from melting, according to FoodProductionDaily.com.
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UK firm's microscopic salt now tested on cheese
The firm behind a new breed of microscopic salt crystals that can help manufacturers slash sodium and retain their clean label status is conducting its first trials on cheese, according to Foodmanufacturer.co.uk.
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McCain Foods upgrades Hasting processing plant
McCain Foods last week announced a $19-million upgrade of the existing Hastings plant in Hawkes Bay, according to Voxy.com.
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Cathay Pacific plans to buy 30 new Airbus planes
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.
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Nike seeks more market in 2nd-, 3rd-tier Chinese cities
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.
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EC, US distributors jostle for cargo space
Retailers and distributors in Europe and the US are outbidding each other to secure scarce cargo space on ships, The Australian reported.
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Australian co makes 100% compostable coffee cup & lid
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.
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Sudan aims to be main sugar exporter by 2014
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.
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Ireland plans big increase in milk output
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.
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Global demand for coatings in plastics to grow
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.
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Anti-bacterial paper developed by Chinese scientists
New antibacterial paper made from graphene-based nanomaterials could be used in food packaging to extend shelf-life, according to a report found on FoodProductionDaily.com.
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US$30 bln needed for India's food sector
Around US$30 billion (NZ$41.2 billion) worth of investment is needed to “revolutionise” India’s food processing sector.
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Energy drinks top beverage sales in Australia
Energy drinks are outselling all other convenience beverage formats in Australia and growing at 19.9% according to Nutraingredients.com.
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NZ forest products get export boost
The value of NZ-exported forest products have increased over 54% in 2010, according to Wood Resource Quarterly.
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China's 5 trillion-yuan green energy plan
Jiang Bing, director-general of the Policy Planning Department under the NEA, was quoted by People’s Daily online as saying that the plan has specified major policy measures for the development and utilization of nuclear, wind, solar, biomass, geothermal, unconventional natural gas and other new energies
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Foxconn to move to cheaper Chinese cities
Foxconn Technology Group, which supplies Sony, Apple and Nokia with IT components, is moving part of its major plant away from costly Shenzhen after hefty wage increases at its factories in the southern city, affecting hundreds of thousands of workers, according to ChinaDaily.com.
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Qatar to spend NZ$144 billion on infrastructure
The Qatari government and state-owned companies plan to spend as much as US$100 billion (NZ$144 billion) on infrastructure projects within the next four years, according to GulfNews.com.
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