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Coca-Cola continues to punt on Chinese growth

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The Coca-Cola Company is planning to spend an additional US$2 billion (A$3.1 b) in new plant and distribution infrastructure in the next three years in China, adding to their extensive investment in the...

McDonald’s hit by currency fluctuations, Australian sales strong

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Global sales for the world’s largest burger chain, McDonald’s, declined 4.6% in February, but increased 3.2% in constant currencies, as they continued to show resilience to the global downturn. Global...

Food exporters to get greater access to Chilean market as FTA comes into effect

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The Australia-Chile Free Trade Agreement will come into force tomorrow 6 March, 2009, opening up greater opportunities to meat, wine and dairy exporters.This was the first Free Trade Agreement to be concluded...

Nanotechnology in food needs to be assessed on case-by-case basis: EFSA

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The European Food Safety Authority’s (EFSA) Scientific Committee has concluded that current international approaches to risk assessment can also be applied to engineered nano materials (ENM) in food,...

Buyer found for Sanlu in wake of melamine scandal

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An auction of the company at the centre of last year’s melamine dairy contamination has found a buyer, with Sanyuan buying Sanlu for 617 million yuan (A$145 million), China news agency Xinhua reported. Beijing-based...

Goodman Fielder dismisses claim they are under pressure on banking covenants

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Goodman Fielder’s Managing Director, Mr Peter Margin, has refuted many of the assertions made in an Australian Financial Review article published today. The company reported they were comfortable...

New data shows alcohol, cigarette and restaurant sales under pressure

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The National Accounts, which show the economy contracted 0.5% in the December quarter, confirm that Australian shoppers are saving rather than spending, the Australian National Retailers Association –...

Convenient comfort food still on the consumer radar

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Retail Food Group, a leading Australian retail food brand manager and franchisor, has reported that retail trade performance for the first two months of 2009 has seen momentum continue as consumers continue...

Restaurant sales on the up again, food retail remains strong

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The latest ABS data has indicated that restaurants, cafés and take-away outlets have begun to regain some of the customers they may have lost last year, while food retail continues to record robust results. The...

RBA decision to maintain cash rate a good sign: ARA

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Retail industry body the Australian Retailers Association (ARA) said the Reserve Bank’s decision to leave the cash rate unchanged at 3.25 per cent signalled Australia’s economic conditions...