Chinese food trader COFCO aims to rival global giants
State-owned China National Cereals, Oils and Foodstuffs Corp (COFCO) has set a target of sourcing up to 50 million metric tons of grain from overseas markets by 2020, its Chairman Zhao Shuanglian said.
Brazilian Dairy Sector Meets Government to Discuss Cutting Red Tape
Minister Blairo Maggi from Brazil’s agriculture ministry MAPA has met with representatives of the dairy production chain to discuss ideas to reduce bureaucracy.
EU extends Russian sanctions
Economic sanctions imposed on Russia by the European Union – in the wake of the illegal annexation of the Crimea region – have been extended until June 23, 2017. The sanctions target imports from the peninsula and investment there, among other measures.
The death of infant formula sales to China has been exaggerated
Shares in the a2 Milk Company jumped after the dairy and infant formula company raised its profit guidance on the back of sales to China.
Russia Won't Need Meat, Dairy and Vegetable Imports By 2020 – Minister
Russia hopes to be completely self-reliant on domestically produced milk, meat and vegetables by 2020, Agriculture Minister Alexander Tkachev said Friday, the Vedomosti newspaper reported.
Chinese officials quietly delay introduction of e-commerce tax
Chinese officials have quietly announced a one-year delay on the introduction of a new tax on overseas goods purchased online, known as the e-commerce tax, after its roll out caused some unintended consequences, according to a trade expert.
Finnish Dairy Company Valio to Close Plant Due to Russian Food Embargo
Finnish dairy company Valio is to close its plant in Finland’s southern city of Tampere due to the impact of Russia’s food embargo, the RBC news website reported Wednesday. Fifty people are to lose their jobs as a result of the closure.
Use more Australian-grown canola oil in infant milk powder, says Graincorp
GRAINCORP is calling on manufacturers of infant milk powder to use more Australian-grown canola oil in their products.
Forecasts consumers' willingness to pay more for branded milk likely to be short lived
Amid the dairy crisis, consumers are continuing to buy branded and more expensive milk.
China's biggest retailer bets on Australian products
In 36 minutes during China’s Singles Day sale last year, e-commerce retailer JD.com sold 30 tonnes of Devondale milk powder from Australian dairy producer Murray Goulburn.