Search:

The search returned 18 results.

Start:    End:       Search Title?    Search Article?    Search Tags?
YOUR SEARCH RESULTS:

Shake Shack Plans to Expand in China

Shake Shack Inc. and licensee Maxim’s Caterers Limited announced an expanded partnership, with plans to open a minimum of 15 Shacks in South China by 2030, including locations in Shenzhen, Guangzhou, Fuzhou and Xiamen.

Together, Shake Shack and Maxim's Caterers Limited plan to operate 55 Shacks in mainland China by 2030. Maxim’s currently operates Shake Shack locations in Shanghai and Hong Kong, with Beijing and Macau in development with goals to open later in 2020. As a well-respected and proven operator in Asia, Maxim's has more than 60 years of experience in the food, beverage and retail sectors, and its diversified operations include...

Full Story »
Jul 1 8:24 AM, General News



USDA, FDA Says Food Export Restrictions Not Consistent with COVID-19 Science

In a joint statement, the U.S. Secretary of Agriculture Sonny Perdue and FDA Commissioner Stephen M. Hahn, M.D., said that countries currently restricting global food exports over worries related to COVID-19 transmission are not consistent with science.

“The United States understands the concerns of consumers here domestically and around the world who want to know that producers, processors and regulators are taking every necessary precaution to prioritize food safety especially during these challenging times. However, efforts by some countries to restrict global food exports related to..."

Full Story »
Jun 26 12:03 PM, General News


U.S.-China Trade Deal Remains Intact Despite Recent Comments from Trump Administration

Recent comments from both President Trump and officials in his administration led to volatile markets on Tuesday as industries reacted to White House trade adviser Peter Navarro’s comments during a recent Fox News interview.

During the interview, Fox News host Martha MacCallum, asked Navarro, “"Do you think that the president -- he obviously really wanted to hang on to this trade deal as much as possible and he wanted them [China] to make good on the promises because there had been progress made on that trade deal," MacCallum told Navarro. "But given everything that's happened ... is that over?"

"It's over," Navarro responded...

Full Story »
Jun 24 10:39 AM, General News


China Approves Import of First Domestic GM Soybean for Feed Use

China has approved the import of two new genetically modified (GM) soybean varieties, including one developed by local firm Beijing Dabeinong Technology Group Co Ltd, its agriculture ministry said on Tuesday, making it the first Chinese engineered soybean allowed for import.

Dabeinong signed an agreement with Argentinian biotechnology company Bioceres SA in 2013 to help it get regulatory approval for production of its DBN-Ø9ØØ4-6 glufosate and glufosinate-resistant soybean in Argentina.

The Argentinian authorities granted safety approval for the variety in February 2019 but it has not yet been planted, pending approval by...

Full Story »
Jun 23 8:37 AM, Urner Barry


CBP Intercepts Nearly 20,000 Pounds of Smuggled Animal Products from China at LA/LB Seaport

In just a few weeks, from April 6 to June 6, U. S. Customs and Border Protection (CBP) agriculture specialists assigned to the LA/Long Beach Seaport, intercepted 19,555 pounds of prohibited pork, chicken, beef and duck products arriving from China.

Most of the unmanifiested animal products were commingled in boxes of headphones, door locks, kitchenware, LCD tablets, trash bags, swim fins, cell phone covers, plastic cases and household goods in a clear attempt to smuggle the prohibited meats.

CBP agriculture specialists identified, examined and seized 12 shipments containing a total of 834 cartons which lacked the required...

Full Story »
Jun 22 8:15 AM, General News


COVID-19 Overshadows African Swine Fever, but ASF’s Influence Prevails

African swine fever remains the dominant issue in global animal protein – as it has been since 2018. But COVID-19 further distorts the outlook, constraining production, consumption, and trade.

ASF is still the major influence on global pork markets, and it continues to impact pig herds and restrict pork production in China, Vietnam, the Philippines, and parts of eastern Europe. As Rabobank does not anticipate an effective vaccine against ASF to be commercially available in 2020, biosecurity measures remain the most effective defense.

Herd recovery is underway in China, and has been proceeding faster than expected, but a further significant drop in...

Full Story »
Jun 19 9:05 AM, General News


NAMI to President Trump: China Must Meet Phase One Obligations

The North American Meat Institute joined a broad coalition of agribusinesses and agriculture organizations calling on President Trump to ensure continued implementation of the U.S. China Phase One Trade Agreement due to the significance of China’s market for U.S. food and agricultural exports, particularly U.S. meat and poultry products, which now enjoy expanded market access under the Agreement. The organizations emphasize the Agreement’s benefits for the U.S. rural economy, and underscore its importance to the overall growth and vitality of the U.S. agriculture sector.

The letter, sent June 16, 2020, was signed by 192 groups representing all parts of the food value chain and rural economies. The following is the text of the letter...

Full Story »
Jun 17 9:58 AM, General News


ANALYSIS: A Mixed Month for Turkey Exports

For the past three months, total turkey export volume has consistently trended below year-ago levels and April was no exception...

Full Story »
Jun 11 8:10 AM, Urner Barry


Yum China Releases 2019 Sustainability Report

Yum China Holdings, Inc., issued its annual Sustainability Report, which highlights its commitment to sustainability and dedication to giving back to the community. It is the Company's third annual Sustainability Report since becoming an independent, publicly-traded company in 2016.

The new report outlines Yum China's sustainability strategy and its accomplishments in 2019, underscoring the importance of sustainability, innovation and culture to the Company's operations. The report also reflects Yum China's commitment to developing goals and taking actions in line with the Sustainable Development Goals to support the United Nations 2030 Agenda.

"As China's largest restaurant company, we are committed to working with stakeholders across the value chain to promote economic, social, and environmental sustainability. This is crucial not only for...

Full Story »
May 29 8:22 AM, General News


ANALYSIS: Chicken Exports Spring Forward as China Makes a Comeback

The latest release of the USDA’s export figures help to paint a strong underlying picture to our trade relations with key export partners, and marks a significant return of...

Full Story »
May 18 8:15 AM, Urner Barry


Imports to See Double-Digit Annual Declines Even as Stores Begin to Reopen

Imports at major U.S. retail container ports are expected to see double-digit year-over-year declines this spring and summer as the economic effects of the coronavirus pandemic continue, according to the Global Port Tracker report released by the National Retail Federation and Hackett Associates.

“Factories in China are largely back online and stores that closed here in the U.S.. are starting to reopen, but volume is far lower than what we would see in a ‘normal’ year,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “Shoppers will come back and there is still a need for essential items, but the economic recovery will be...

Full Story »
May 12 8:16 AM, General News


Cargill Launches New Plant-Based Products in China

Cargill announced it is launching a series of plant-based products in China, bringing more quality protein options to the Chinese market. The launch includes products for foodservice and a consumer-facing brand PlantEver. PlantEver is expected to debut in the Chinese market at the end of June and be available online and offline. 

“Our plant-based protein products were developed through extensive consumer engagement and research. We combine our knowledge and expertise in R&D and innovation to create some of the best tasting products in the plant-based category,” said Jackson Chan, managing director of Cargill Protein China. “The launch is just the beginning, we look forward to continuing to innovate. Our customers in China can count on a partner with...

Full Story »
May 1 9:43 AM, General News


Yum China Reports First Quarter 2020 Results

Yum China Holdings, Inc. reported unaudited results for the first quarter ended March 31, 2020.

Impact of COVID-19 Outbreak and Mitigation Efforts

As the COVID-19 outbreak progressed, Yum China further heightened its focus on safeguarding the health and safety of its employees and customers. The Company implemented stringent health measures at its restaurants and workplaces, and provided extended healthcare and other support to employees.

First quarter operations were significantly affected by the outbreak. Working closely with local health authorities to safeguard the public, the Company began...

Full Story »
Apr 29 9:46 AM, General News


Rabobank Pork Quarterly Q2 2020: COVID-19 Crisis Disrupts Global Pork Industry

Rabobank expects continued volatility in pork prices in 2020, as disruption in local markets is balanced with product shortfalls in Asia.

“The combined effect of near-term demand destruction and processing interruptions due to labor constraints has weakened producer returns and will slow production growth. Weaker GDP growth could further pressure pork demand, compounding an already challenging operating environment,” according to Christine McCracken, Senior Animal Protein Analyst.

China: Hog price strength reflects slow herd recovery and demand recovery

Hog prices remain elevated on African swine fever (ASF) herd losses and a gradual recovery in the production sector. Producer interest in rebuilding remains...

Full Story »
Apr 28 8:21 AM, General News


Rabobank: China's Gradual Recovery from Coronavirus

As coronavirus eases across China, life is slowly returning to normal. Different sectors are recovering at different paces, but the impact of the disruption to foodservice and food retail will be ongoing. The slow recovery of China’s foodservice industry and the uplift in food retail sales can give other countries a glimpse of what might happen once the worst of the pandemic has passed.

After nearly two months of lockdowns, life in China is slowly returning to normal. Ministry of Commerce data shows 99% of large manufacturing enterprises have resumed operations. However, the coronavirus changed, at least temporarily, some consumer habits, especially where and how to eat. A Nielsen survey indicates 86% of Chinese consumers said they would...

Full Story »
Apr 23 8:18 AM, General News


Life in the Times of Coronavirus: How China is Reopening

Editor's Note: Amy Zhong lives in Qingyuan city of Guangdong province and is a regular contributor and correspondent of Urner Barry's SeafoodNews.com. Below is her account of living in China during the coronavirus outbreak and how the country is working to reopen.

This is an unusually bad Spring Festival, and it has witnessed the beginning of a period of uncertainties and suffering. Previously hustling streets in China were mostly empty during the holiday, and people no longer splurged to celebrate the most important festival. Now, this healing oriental country is undergoing some changes.

Everything still seemed normal to me around mid-January. Though I heard news about some virus hitting Hubei, I had no idea that it would be that serious...

Full Story »
Apr 20 10:55 AM, SeafoodNews


U.S. Senators Call for China to Close All Operating Wet Markets 

A bipartisan delegation of U.S. senators has pushed China to shut down each of its operating wet markets during the COVID-19 pandemic.

Senators Chris Coons (D-Del.) and Lindsey Graham (R-S.C.), alongside Mitt Romney (R-UT) sent a letter to the Chinese Ambassador to the United States Cui Tiankai urging for the closure of high-risk markets throughout the country.

“We write to urgently request that China immediately close all operating wet markets that have a potential to expose humans to health risks through the introduction"...

Full Story »
Apr 13 11:26 AM, Urner Barry


Rabobank: China's Growing Appetite for Meat Alternatives

‘Meat alternative’ has become a global buzzword since Beyond Meat conducted its stellar Nasdaq IPO. Since then, many meat alternative startups began looking into the Chinese market. The rise of the numerous Chinese startups, such as OmniPork and Zhenmeat, hinge on the belief that China will be a potential consumption market for meat alternatives.

Meat alternatives have been discussed a lot by the public media in the past year. The global frontrunners are US-based companies making beef-like burgers with plant-based ingredients, like Beyond Meat and Impossible Foods. Since Beyond Meat’s IPO, China has witnessed nearly 100 plant-based brands emerge in cities like...

Full Story »
Mar 10 8:23 AM, General News




URNER BARRY INDICES




Load More
Label Label
Foodmarket, a specialized media offering from Urner Barry, is the premier source of market news for the food industry.

DISCLAIMER
THE INFORMATION, PRODUCTS, CONTENT AND DATA ON THE SITE ARE PROVIDED “AS IS” AND WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED. TO THE FULLEST EXTENT PERMISSIBLE PURSUANT TO APPLICABLE LAW, WE DISCLAIM ALL WARRANTIES, EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. WE DO NOT WARRANT THAT THE FUNCTIONS CONTAINED IN INFORMATION, CONTENT AND DATA ON THE SITE (INCLUDING, WITHOUT LIMITATION, DERIVED CONTENT) WILL BE UNINTERRUPTED OR ERROR-FREE, THAT DEFECTS WILL BE CORRECTED, OR THAT THE SITE OR THE SERVERS THAT MAKE SUCH INFORMATION, CONTENT AND DATA AVAILABLE ARE FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS. MOREOVER, YOU ASSUME THE ENTIRE COST OF ALL NECESSARY SERVICING, REPAIR OR CORRECTION. WE DO NOT WARRANT OR MAKE ANY REPRESENTATIONS REGARDING THE USE OR THE RESULTS OF THE USE OF ANY INFORMATION, CONTENT, DATA, PRODUCTS OR SERVICES CONTAINED ON OR OFFERED, MADE AVAILABLE THROUGH, OR OTHERWISE RELATED IN ANY WAY TO THE SITE, INCLUDING, WITHOUT LIMITATION, DERIVED CONTENT, OR ANY THIRD-PARTY SITES, PRODUCTS OR SERVICES LINKED TO FROM THE SITE IN TERMS OF THEIR CORRECTNESS, ACCURACY, COMPLETENESS, RELIABILITY, SAFETY OR OTHERWISE. APPLICABLE LAW MAY NOT ALLOW THE EXCLUSION OF IMPLIED WARRANTIES, SO THE ABOVE EXCLUSION MAY NOT APPLY TO YOU.