China Chocolate Market Seen Growing to $4.3 Billion by 2019: Hershey
Chocolate sales in China are forecast to increase 60% - from $2.7 billion in 2014 to $4.3 billion in 2019 according to Hershey International president, Bert Alfonso. Mr. Alfonso goes on to forecast that Hershey’s sales in China will outpace category growth, increasing by 35% to $450 million in 2015, indicating that chocolate sales in Chin
Read moreGAI Insight: Private Sector, Non-Profits Uphold Smallholder Farmers
By Gerelyn Terzo The private sector and non-profit organizations have directed their attention and capital toward the smallholder farmer community of late, evidenced by the emergence of investment and grant funds targeting rural family farms in the developing world. Danone, Mars, Incorporated, The MasterCard Foundation and The How
Read moreGlobal Consumption Set to Rise Across Meat Industry
Increases in meat consumption in Asia and Africa along with growth in the regions’ grocery market will mean big opportunities for exporters according to Mick Miles, Asia-Pacific region manager for the Institute of Grocery Development (IGD). Asia’s grocery market is forecast to see a compounded annual growth rate (CAGR) of 8.5% between 2
Read moreTwo-Tier Pasture Versus Cropland Market Emerges in U.S.
Overall the U.S. farmland market has slowed in 2014, as values of non-irrigated land in the Southern Plains declined by 0.1%, and values of ‘good’ cropland in the Midwest fell for the first time since 1986. However, under the surface, a dual market is emerging made up of a high ranchland market supported by a strong livestock market, and a
Read moreFirst Genetically Modified Apple Approved for Sale in U.S.
The U.S. Department of Agriculture (USDA) announced on February 13 the approval of the first genetically modified apple for sale in the U.S. The Arctic apple will have two varieties, the Arctic Granny, and the Arctic Golden – new varieties of the Granny Smith and the Golden Delicious. The Arctic, created by the Canadian company, Okanagan
Read moreBrazil’s Safrinha Corn Sowing to Fall For First Time in Seven Years
Brazil’s safinha corn hectarage will fall for the first time in seven years, bringing down the country’s overall second crop production by 126,000 tons to 48.3 million tons, according to the country’s crop bureau, Conab. The country will see a decline of 230,000 hectares year on year to 8.98 million hectares this year. Previously Conab h
Read moreRabobank Report: Global Wine Industry Q1 2015
In its latest report, Rabobank points out that softening wine demand in emerging markets, including Russia and China, is pushing overseas suppliers to redirect their energies toward building sales and market share in the U.S., setting the groundwork for increased competition for U.S. suppliers. However, this might not prove an easy task as the
Read moreU.S. Abandons Forecast of Soaring China Corn Imports
For years, soaring Chinese corn imports have been believed to be a reliable future, however, mitigating factors have caused the U.S. Department of Agriculture (USDA) to cut its forecast in its long-term global crop supply and demand report for Chinese corn imports for 2023/24 to 6.5 million tons – down from a forecast of 22 million tons last
Read moreBill Peressini Named President of Hancock Natural Resource Group
Bill Peressini has been named as the new president of Hancock Natural Resource Group (HNRG) effective immediately, by the group’s Chief Executive Officer, Dan Christiansen. Mr. Peressini, the group’s Chief Financial Officer has been with the group since 2011, and will continue in that position in addition to his new appointment until Septe
Read moreAnalysts Predict Lightning Growth for Indian Confectionery Market
India’s economic growth and increase in disposable incomes within the county’s burgeoning middle class are driving surprisingly impressive growth in the country’s consumption of gums, jellies, and chocolate. India’s confectionery market is expected to see growth of 71%, reaching a value of US$2.2 billion by 2018 – up from a value o
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