Over the past three years, Agricultural Trade Office (ATO) has been conducting a broad-based effort to build markets for U.S. ingredients in China's fast-growing food manufacturing sector.
ATO and Food Export Northeast have been working with a U.S. manufacturer of ice cream to build a market that has reached an annual value of $2.7 million.
The Chinese government announced on Wednesday (19 February) a pork purchase plan to stabilize depressed prices, as production of live pigs remain high.
The packaged dairy food market in the US will register a compound annual growth rate (CAGR) of 10.9% by 2017, in comparison to a CAGR of 8.6% during 2007-2012, finds a report by Canadean.
The Consumer Price Index for food and beverages rose 0.4% in January, finishing at 238.8, which compared with 237.8 in December and 237.6 in November, according to the Bureau of Labor Statistics of the Department of Labor.
French food group Danone said group sales growth would accelerate in 2014 as a recovery in European dairy gathers momentum and that it aimed to return to strong profitable growth from the second half of the year.
Dairy makers expect strong Asian demand will push milk prices in France to record levels in 2014 for a second year running, further squeezing their margins as price-warring retailers resist passing the higher costs on to consumers.
Japan's Ministry of Agriculture bought a total of 42,908 tonnes of June-loading Canadian Western Red Spring wheat in an atypical tender that closed late Wednesday, a farm ministry official said.
The U.S. soybean market is on the lookout for cancellations from China as the harvest season in Brazil and Argentina fast approaches, making lower-priced supplies available to the world’s top importer of the oilseed.
Singapore's Export Trading Commodities has secured a tender to supply 1,500 tonnes of chickpeas to Trading Corporation of Bangladesh after submitting the lowest offer of $557.80 a tonne
Analysts at Brazilian consultancy AgRural shaved 1.8 million tonnes off their estimate for Brazil's 2013-14 soyabean crop on Monday, saying drought in much of the country in recent weeks had reduced yields.
India's soya futures ended up on Monday tracking firmness in global prices and are likely to extend the gains in the next trading session on poor availability of soyabeans in spot markets.
Aquaculture will provide close to two thirds of global food fish consumption by 2030 as catches from wild capture fisheries level off and demand from an emerging global middle class, especially in China, substantially increases.
Copa-Cogeca has urged Member States to reject new EU Commission plans which would upset the EU sugar market balance and call into question the new CAP reform agreement.
The government of Costa Rica approved a trust fund of roughly $38 million to assist small and medium size farmers affected by the coffee rust since 2012.
