The European Bank for Reconstruction and Development (EBRD) will provide a loan of up to US$150 million to Olam International Ltd., a leading commodities trader based in Singapore. The loan will be used to assist the company to its increased engagements in Ukraine, Egypt, Poland, Georgia and Turkey. Olam will be expanding its activities in
Instant noodle maker Thai President Foods PCL has acquired a land in Cambodia to build a noodles factory. The firm is maker to Thailand noodle brand Mama, has spent more than $6.19 million to build factories abroad in 2018. Thai President has bought a land in Phnom Penh, Cambodia for the second Mama noodle factor.
The National Strategic Committee on Country Competitiveness aims to push Thailand to become a super power in the global agriculture market. The committee has completed and handed over its first draft to the National Economic and Social Development Board, the state think-tank, said committee chairman Sathit. Sathit says Thailand has a comparative advantage in the
Asia is expected to be the biggest engine of growth in the grocery market, exceeding the sales of Europe and North America combined in five years, according to the UK-based research organization Institute of Grocery Distribution (IGD). The organization also said that the drivers of global growth include inflation, population, and rising incomes. According to
China will complete its product quality traceability system by 2020, which will include key products such as farm produce, food, medicine, special equipment, dangerous materials and rare earth. The system will provide important information including sources, destinations and accountable persons in reinforcing product quality and safety. It is expected that the system will raise quality
Costa Rica will close this year with a record in banana exports, both in volume and in revenues. Jorge Sauma, the general manager of the National Banana Corporation, expects total exports by the end of 2017 to have reached about 125 million boxes [of 18.14 kilograms each]. It is also estimated that -for the first
The year 2017 could have proven itself as one of the memorable years for the agriculture sector in the early years of the Duterte administration. For one, the Department of Agriculture (DA) is still on its quest to achieve rice self-sufficiency for the Filipinos. And this year might be one of the closest years that
THE Department of Agriculture (DA), together with the National Food Authority (NFA) and the Philippine Maize Federation, Inc. (PhilMaize), targets for a healthier and more practical staple food as they launched Bigas-Mais Blend at Sasa Wharf last week. “The rice and white corn combo is a healthier choice for the rice-eating Filipinos as corn contains
Thai Beverage Pcl is doubling down on Vietnam after it partnered with a local company to buy a $4.8 billion stake in the country’s largest brewer, a key step for the company controlled by billionaire Charoen Sirivadhanabhakdi as it seeks to dominate Southeast Asia’s beverage market. Vietnam Beverage, the local unit which ThaiBev holds a stake in, said
Nutrition scientists must not be “pilloried” for working with industry on research projects that could lead to advances in public health and a reduction in obesity, a leading academic in the field has argued. Original article can be accessed here: https://www.foodmanufacture.co.uk/Article/2017/11/30/Food-scientist-industry-link-attacks-unfair-says-professor