China's Ministry of Finance yesterday said it will scrap the
13 per cent tax rebate on grain exports to keep the products within
the country, a move that could put more pressure on other markets
around the world.
If the Chinese government gives in to mounting international
pressure to revalue its currency, it could spell the end of cheap
exports, a move that many anticipate would have a knock-on effect
on raw materials costs for the food industry....
Tingyi, manufacturer of China's leading instant noodle brand,
MasterKong, said sales of its ready to drink beverages surged in
2005, and additional capacity being added this year will continue
growth from this segment of its...
Biscuit consumption in China has soared in recent years, on the
back of changing consumer lifestyles and a general growth in
disposable incomes, according to a report published by Leatherhead
Food International (LFI).
China is on its way to becoming the largest exporter of tomato
paste in the world as Xinjiang Production and Construction
Corporation (XPCC) increases its production capacity for tomato
paste to 500 million tons a year, writes Hridyesh...