Food Biz
California Dairies in Peril
Traffic Light Labeling System to be Introduced in UK
A consistent labeling system will be adopted in the UK from next year. With the help of color codes, food labels will tell consumers how much calories and fat, salt, sugar content is in a particular food product. The nutritional information will be clearly displayed on the front of the pack of food. Gluten-Free Food Market Hits $4.2B
The gluten-free food market earns revenue of $4.2 billion this year. The figure indicates huge growth in the market for gluten-free food. According to a report by Packaged Facts, the market has seen a growth of 28 percent between 2008 and 2012. PepsiCo Sells 51 Percent Stake in Vietnam Beverage Business
PepsiCo (PEP.N) said Japanese beverage company Suntory Holdings Ltd will acquire a 51 percent equity stake in the company's beverage business in Vietnam. India Sees Good Sugar Output, Import Duty Hike Likely
While India is likely to see a very good sugar output this marketing year, food minister KV Thomas is likely to hike the import duty of raw sugar. Monster Energy Drink Blamed for Death of Five
Monster's energy drink is being blamed for the death of five people. Its high caffeine level may be to blame. Food Insecurity Plagues Southern Africa, FAO Working on New Agriculture Principles
Southern Africa faces rising food insecurity. The UN FAO is working on new rules and guidelines to deal effectively with food shortages. Cross-Cultural Communiqué: Chinese Food Etiquette
Eating in china is all about enjoying the food and the company. But the one thing that novices tend to focus on when starting their China eating adventure is their skill with chopsticks. Dubai Cafe "Camel-ccino" New Take on Bedouin Staple
A Dubai cafe, trying to give a modern twist to an old Bedouin tradition, has started putting camel products on its menu. GrainCorp's Shares See Rise after ADM Bid
The shares of GrainCorps see a rise of 39 percent after ADM’s bid to buy the Australian grain handler. Australian State Brings in $9B from Food Exports
Australian state Victoria brings in $9 billion from food exports, after a rise of $1 billion. Food exports from Victoria, Australia have now hit the $9 billion mark, says a report released by the government. Brazil's Food Exports to UAE on the Rise; XL Foods taken over by Brazilian Company
Brazil has exported food worth more than $6 billion to the United Arab Emirates. Meanwhile, a Brazilian company has taken over XL Foods, Canada. European Union Contemplates Changes in Biofuel Policy
The EU will be changing its bio-fuel policies in an effort to reduce the use of food crops in the production of the same. Italian dairies can survive without quotas: minister
Italy's dairy sector will survive the ending of European Union milk production limits in 2015, agriculture minister Mario Catania told Reuters. McDonald's sales growth cools, chilled by competition
The world's biggest fast-food chain is battling more than the bleak global economy that is curbing appetites for purchases of its hamburgers, salads and smoothies. Resurgent chains like Burger King Worldwide Inc (BKW.N) and Yum Brand Inc's (YUM.N) Taco Bell now are challenging McDonald's in the United States with revamped menus, celebrity endorsers and a renewed focus on low-priced food.
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