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Probiotics to be a US$28 bln market - GIA
Global Industry Analyst (GIA) estimates that the global probiotics market will be worth USD$28.8 billion (NZD$39.34 billion) by 2015, even though the market is still considered to be in infancy, according to NutraIngredients.com.
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Fonterra expands UHT milk facility in Auckland
Fonterra has completed an NZ$8 million investment in its UHT milk processing facilities in Auckland in a bid to meet growing demand in Asia and the Pacific, according to DairyReporter.com.
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Fisher & Paykel develops breakthrough fridge technology
Iconic Kiwi whiteware manufacturer Fisher & Paykel Appliances has made an internationally significant breakthrough in fridge technology which could cut refrigerator power use by a third.
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US companies complete gene mapping of 2 cocoa trees
The report said researchers from food-maker Mars, technology giant IBM, several universities and the US Department of Agriculture (USDA) have almost completely sequenced the genome of the Forastero cacao tree, which accounts for 80-90% of the world's cocoa production.
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Daimler, Renault, Nissan team up for electric car market share
Carmakers Daimler, Renault and Nissan are redoubling their electric cars effort in the race for market share in a world of tighter emission rules, according to GulfNews.
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Malaysia invests in seaweed mining
The Malaysian Fisheries Department is backing local universities to mine the nutritive and other potential of local seaweeds to the tune of 8.1 million ringgit (NZD$3.56 million), according to Nutraingredients.com.
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Bank of Japan buys US dlr to stop yen rise
Japan's Finance Minister Yoshihiko Noda confirmed that Japan has intervened in the currency market for the first time since March 2004 to stem the yen's rise, which has spiked to a 15-year highs against the US dollar and severely battered Japan's export-led recovery, according to Xinhua news.
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A wind blown kart for the family or adrenaline junkie
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Emirate folks willing to pay for imported fruits
At Oishii Nippon, a fruit shop that recently opened its doors in Dubai, prices tend to carry a decidedly premium tag, with a piece of melon from Japan costing nearly as much as 40 kilograms of red apples from Chile, according to GulfNews.com.
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China's half-yr e-commerce sale doubles
Retail sales at e-shops more than tripled between 2007 and 2009, much faster than the averaged annualised 18% growth of retail sales in general during the same period.
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US market ripe for digestive health products
The US represents a vast, largely untapped playground for manufacturers of prebiotic fibres and probiotics, according to Foodmanufacturer.co.uk.
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Marine electronics for Tasmania
A Trade
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Stop cartel on freight rates in Asia - says GSF
The Global Shippers' Forum (GSF) want to outlaw rate-making cartels and have urged governments in Asia to initiate reforms which were in line with competitive global practices such as those which now existed in Europe.
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Premium ice cream defies recession in EU
A growing desire for premium and indulgent ice cream has fed high value growth in Western Europe, helping manufacturers defy the recession, according to DairyReporter.com.
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German plastic machine makers see first half orders rise 26%
There has been a “remarkable” jump in demand for German plastic manufacturing equipment this year, with the pace of recovery outstripping expectations from the sector, according to FoodProductionDaily.com.
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Nestle invests in new dairy project in Sri Lanka
Nestle is investing in a new chilling centre in Kilinochchi, Sri Lanka, to take advantage of peace in the north to expand the dairy industry there, according to DairyReporter.com.
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Educational material for Hong Kong and China
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Radiata logs for export to Shanghai
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USFDA initial report says GE salmon safe to eat
The Food and Drug Administration (FDA) has said that genetically engineered (GE) salmon is safe for human consumption in documents released ahead of a public meeting on the issue due later this month, according to FoodNavigator.com.
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Maersk slash 20ft reefer service for 20 ports, NZ included
Denmark's Maersk Line has announced it will slash its reefer TEU service network, cutting more than 20 ports because of the strong market shift from TEUs to FEUs in recent years, according to the Shipping Gazette.
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