Search Results for: food
10 results out of 5329 results found for 'food'.
TOBACCO INDUSTRY UNDER GROWING REGULATORY PRESSURE TO REDUCE FILTER LITTER
New regulatory plastic waste obligations coming into force in July (this year) will force tobacco producers selling into the European Union’s (EU) 447-million-person market to take measures to reduce butt littering. The move, part of the EU’s Single Use Plastics Directive (SUPD) (Directive (EU) 2019/904), are designed to reduce the 4.5 trillion cigarette butts that end up as litter annually worldwide (according to the UN), generating 845,000 tonnes of waste, according to a New York (USA) state document.…
JAPAN ICE CREAM MAKERS READYING FOR POST-COVID GROWTH IN SALES
The Covid-19 pandemic has depressed demand in some segments of Japan’s ice cream market, but manufacturers are weathering the storm and poised for continued improvement, according to industry experts.
The country’s second-largest confectionery segment has enjoyed continuous growth in the past 10 years.…
CAMBODIA’S GARMENT INDUSTRY STRUGGLES WITH LOCKDOWNS IN LATEST COVID CRISIS
The Cambodian government eased Covid-19 lockdown restrictions from May 6, but many of the capital Phnom Penh’s garment factories are still dealing with impacts after a third wave of the virus surged through dozens of factories.
The Phnom Penh city municipality on Wednesday (May 5) night reduced the number of areas under strictest ‘red zone’ lockdown measures to a few patches on the map, where factories are unable to open.…
DAIRY LEADERS EXPRESS SURPRISE AT BETTER-THAN-EXPECTED YEAR
Over the past year, the European Union’s (EU) dairy industry has weathered two storms: the departure of Great Britain from the EU single market and customs union, during the unprecedented lockdown measures adopted to contain Covid-19, all while EU lawmakers haggle over a major shakeup of agricultural regulations.…
INTERNATIONAL TECHNICAL ROUND UP – IPSASB DEVELOPS COMPREHENSIVE REFORM IN MEASURING PUBLIC SECTOR ASSETS
The International Public Sector Accounting Standards Board (IPSASB) has unveiled comprehensive proposals to reform how government and other public sector bodies measure their assets and liabilities. The board is proposing generic guidance on fair value assessments for the first time. It is also helping public bodies value heritage and infrastructure assets.…
CHINA’S AMOS BETS ON NOVEL SWEETS
Amos Sweets, a veteran global confectionery supplier based in Shenzhen, Guangdong province, aims to be the face of China’s new generation of candy maker through offering novel, nourishing, high quality sweets.
Investors have bought into the idea. In early 2021, the company received an investment of nearly Chinese Yuan Renminbi CNY100 million (USD15.6 million) through a series A funding round.…
INTERNATIONAL REGULATORY ROUNDUP – CONFECTIONERS COULD BENEFIT FROM MAJOR NEW EU RESEARCH PROGRAMME
INNOVATIVE confectionery and sweet bakery companies will be able from next month (July) to explore applying for research funding from the European Union’s (EU) Horizon Europe programme, which has a budget of around EUR95.5 billion. This spending will last until 2027, with companies needing to form international consortia focused on food, ingredients and packaging projects to have the best chance of securing funding.…
EU ROUND UP- EU MINISTERS BACK DEEP REFORMS TO EUROPEAN CHEMICAL CONTROLS
EUROPEAN Union (EU) ministers have backed the EU Chemicals Strategy for Sustainability proposed by the European Commission last October (2020), clearing the political path for tougher controls. The EU Council of Ministers, in formal conclusions, backed the five policy priorities within the Commission’s plan – more innovation regarding safe and sustainable EU chemicals; tougher laws tackling chemical-based environmental and health concerns; simplifying and consolidating EU chemical laws; improving the EU’s knowledge database on chemicals; and promoting global food practice on managing chemicals.…
INDIA’S CHEESE MARKET AND INDUSTRY GROWS FAST
If the international food industry wanted to look for a national market segment that is growing fast and offers real sales volumes, it would do well to examine the Indian cheese market. Sales are projected to reach USD1.7 billion by 2024, according to by India-based market researcher IMARC, being predicted to increase 25% annually from a base of USD430 million in 2018 – see ‘Cheese Market in India: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024’ (1).…
EU’S ‘FARM TO FORK’ PLAN WILL SHAKE UP FOOD INDUSTRY LAWS – COULD BRUSSELS BE OVER-REACHING?
THE EUROPEAN Union (EU) food and drink sector is keeping a close eye on discussions to overhaul EU food regulations through a broad decarbonisation and health plan which will impact food production, processing, packaging, and marketing. The EUs revised ‘Farm to Fork’ strategy, released last May (2020) aims to reduce fossil fuel use and food waste, promoting healthier diets and organic farming.…