In the News

Finland's Raisio to launch cholestrol-lowering bread product in Romania
A cholesterol-lowering bread product will this month hit the shelves of Romania, marking efforts by Finland’s Raisio to expand its Benecol brand into a wider range of food applications, according to NutraIngredients.com.
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US sports and dietary sector drive whey protein demand
Increased demand from the sports nutrition and dietary supplements industries could see the US whey protein approach 500 million pounds (250 million kg) by 2015, according to NutraIngredients.com, citing a Global Industry Analysts report.
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Rising demand from Asia Pacific for cereal, bakery products
According to Datamonitor, the bakery and cereals sector in Asia Pacific will be worth US$68.5 billion (NZ$103 billion), with an expected CAGR of 6.4% between 2008 and 2013.
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Global sports nutrition product driven by non-sporty types
Figures from Euromonitor place the global sports nutrition market at US$4.7 billion (NZ$6.9 billion) in 2009, led by North America US$3.2 billion and western Europe, US$713.6 million.
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How well do you know the Hong Kong market?
Exporters with interest in the Hong Kong market needing information about the recently signed Closer Economic Partnership Agreement between New Zealand and Hong Kong can attend information seminars held across three cities in mid June.
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Auck uni study gives sav blanc industry storage boost
The researchers will now begin developing models to predict changes in aroma profile over time and at different storage temperatures, to help winemakers manage the quality of their finished product.
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Sainsbury's pays dairy premium for better animal welfare
Sainsbury's Dairy Development Group producers receive 2.1 pence per litre premium for their milk above the market price, which is designed to reward farmers for good agricultural practice. The payment builds to an average of £26,000 (NZ$59,000) per farmer, per year.
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Slow steaming of container ships to stay
Slow steaming has at the end of May 2010 absorbed 100 ships totalling 580,000 TEU, or 4.1 % of the world's cellular fleet, according to the Shipping Gazette, citing the Paris-based Alphaliner agency.
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Tetra Pak introduces new UHT milk process
A revolutionary UHT milk processing system by Tetra Pak slashes production time by up to 90%, cuts operating costs in half and reduces capital outlay by almost a third compared to conventional equipment, according to DairyReporter.com.
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Halal cosmetics set for global growth
A recent report from the Institute of Personal Care Science of Australia said that the global cosmetics market is worth US$334 billion (NZ$493 billion) and the global halal cosmetics market is estimated at US$13 billion.
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Japan's Hitachi eyes infrastructure for growth
Over the next three years, Hitachi – a sprawling conglomerate of 900 companies - will allocate about 70% of its 1.4 trillion yen (NZ$200 billion) budget for capital spending and strategic investments to businesses such as power plants, smart grids, cloud computing, batteries and railway systems.
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US sets anti dumping duties on Chinese steel
The US has set final anti-dumping duties of 136.76 to 145.18% on the steel product to offset below-market pricing, according to a PeopleDaily online report which quotes China's Xinhua news agency.
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EU eyes more dairy exports to Russia
Exports of EU dairy produce to Russia could show strong growth this year, according DairyReporter.com.
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Russia and NZ to start formal free trade talks
Russia has agreed to proceed towards a formal free trade agreement with New Zealand, subject to a satisfactory outcome of scoping discussions.
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Maersk to continue carrying NZ orange roughy
International shipping giant Maersk says it will continue to ship orange roughy caught legally in New Zealand waters while conducting a policy review on sustainable fisheries.
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UAE sees dramatic rise in tea consumption
The annual tea consumption is on the increase in the UAE, which registered a remarkable 47% growth in the consumption rates, according to TradeArabia.com.
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International airfreight demand up 26% in Q1
Airlines' load factors are still at record or near-record highs due to slower rise in capacity while air freight demand rose 26% during the first quarter, according a report by the Shipping Gazette.
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Google ads used by over 1.5 million advertisers
Google has pulled back another curtain and revealed the size of its lucrative internet ad network in the US. It spans more than 1.5 million advertisers and websites, according to the NZ Herald, citing an Associateed Press (AP).
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Japan's Panasonic plans to market solar batteries in China
Japan's Panasonic has announced its plan to market solar batteries in China, meaning more fierce competition ahead for China's domestic enterprises, according to People's Daily.com.
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NZ Merino Company eyes growth with $36-mln strategic initiative
The New Zealand Merino Company (NZM) and Government's Primary Growth Partnership (PGP) have announced a $36 million, 5-year initiative designed to amplify the momentum and economic returns for the fine wool and associated products.
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