Vietnamese, Thai firms to pour $4 bln into Russian dairy production
Asian businesses plan to invest around $4 billion in milk and dairy production in Russia, helping Moscow replace imports hit by trade sanctions on traditional suppliers.
China clarifies rules for online imports of infant formula
Infant milk formula imports to China through international websites will need official approval by 2018, the finance ministry said, in a reprieve for firms concerned the rules would take immediate effect and limit their ability to do business.
Murray Goulburn: China import curbs will not hurt
MURRAY Goulburn does not expect new Chinese Government curbs on imports to significantly hit sales of its dairy products to China.
HSBC 'negative' on Chinese dairy consumption
Food manufacturers might be quick to talk about the benefits of the so-called Chinese «dining boom», but after a decade of stellar growth food and beverage consumption is slowing in the Asian powerhouse, a new report says.
Armenian entrepreneurs propose to cut milk powder imports
Armenian entrepreneurs propose to cut milk powder imports, Vazgen Safaryan, head of the Union of Domestic Commodity Producers of Armenia, told journalists on Tuesday.
Brazil: Nestle Fined for Concealing Use of GMOs
The Brazilian Ministry of Justice has imposed fines on Nestle and five other food manufacturers after failing to inform the public over the use of GMOs.
Chinese dairy imports to rise in 2016 – but not by much
China’s milk powder buying, one of the most important drivers of dairy values, will improve next year – but not by much, and to nowhere near 2013 and 2014 levels which sent markets soaring.
Russia may ease norms for Indian dairy imports
Schreiber Dynamix and Parag Milk Foods are the only two firms that meet the existing Russian import norms
Butter exports to the US become less attractive
Last week the US government increased the import tariff on butter by US$510/tonne (to US$2,051/tonne), significantly reducing the current premium available from that market to EU manufacturers.
Russian dairy production up 26% in year after food embargo – Putin
Russian President Vladimir Putin has hailed the import substitution in dairy, meat and fish production a success. The government allocated $4 billion to support domestic agriculture.