Latest food news & analysis in Asia
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Mondelez International's top-line performance in China has been patchy since the US snacks giant was established four years ago. Biscuits has been Mondelez's main business in China and challenges in the category meant, for example, the Oreo maker saw its sales in the country fall in 2014. A recovery from Mondelez's biscuit arm in China, plus growth from its chewing gum stable, helped the company's sales grow in 2015 - but sales fell in the first six months of this year. Speaking to just-food after announcing a significant push into China's chocolate market, Stephen Maher, the president of Mondelez's business in the country, discusses how he sees the prospects for the company in the market.
China is central to Mondelez International's growth strategy but it has not always been an easy ride for the snacks giant since its formation in October 2012. However, the US company is confident about its prospects in the country and signalled its optimism with the launch of European chocolate brand Milka in August. Dean Best spoke to Stephen Maher, the president of Mondelez's business in China, to find out more.
Vinamilk, Vietnam's largest dairy company, has confirmed the country's government plans to sell a batch of its shares in the company by the end of the year.
Bunge, the US agribusiness giant, has announced a distribution agreement with Philippines-based food ingredients supplier D&L Industries.
This week, there were more calls from the investment community for the world's food giants to look at how - and how much - they source and process meat. Bakery giant Aryzta announced its annual results, which included falling profits and slow sales growth. Belgium's Lotus Bakeries set out plans for a plant in the US, while McCormick & Co. said it expects to have a "record" year.
Mahindra Univeg, a 60:40 joint venture between India's Mahindra Agri Solutions and Belgium-based produce giant Greenyard Foods, is acquiring a minority stake in produce distributor MeraKisan.
The Food Safety and Standards Authority of India has released draft proposals on new rules that would govern food sales through e-commerce channels.
Mondelez International is launching what it describes as a "premium" chocolate brand in India, Cadbury Fuse.
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