China: The Queen of Dairy Trade
Chinese demand for dairy is stable at about 12 percent per year, and based on the first eight months, dairy imports are on track to reach an estimated 3.3 billion pounds. Through the first eight months of this year, Chinese whole milk powder imports grew 11 percent compared to the same time frame in 2016; Skim milk powder was up 29 percent, cheese rose 23 percent, butterfat gained 19 percent and whey 9 percent.
Global Food Cold Chain Market - Expected to Grow at a CAGR of 13% During 2017-2022 - Research and Markets
The global cold chain market for food was valued at USD 96 billion in 2016 and is expected to grow at a CAGR of 13.1% during 2017-2022 (forecast period), according to a recent report. The expansion of cross-continent food trade and emerging economies in countries with huge consumer populations and warmer climates like China and India are driving cold chain development rates. The report goes on to state that these regions have huge opportunities to expand in overall cold chain developments.
Top Seven Food and Beverage Trends for 2018
Food and restaurant consultants Baum+Whiteman shared their top seven food and beverage trends of 2018. According to these insiders, this is the year for plant-based foods will go mainstream; More Indian, Filipino, and upscale Korean food options; More avocado toast; “Flavor injectors” mixing things up; One-item restaurants make a comeback; Broth-less ramen; and Liquored up desserts.
World Food Price Fall 1.3 Percent in October: FAO
The United Nations World Food and Agriculture Organization (FAO) has said that food prices in October fell slightly from the previous month. Valuations dropped for all food commodities apart from cereals, as the cereals markets are expected to be balanced in 2017-18, the FAO said.
Dubai Sees Increase in Food Trade, 6.19mln Tonnes Imported in 2017
According to Iman Ali Al Bastaki, Director of the Food Safety Department at the municipality, Dubai imported a total of 6,191,135 tonnes of food in 2017. The municipality's electronic control system registered over 600,000 different food varieties, she added.