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U.S., China Regulatory Authorities and Industry Hold Dialogue After First Cultivated Meat Approval
FDA's recent approval for cultivated chicken from Upside Foods in the U.S. on November 16 set a positive tone for the adoption of cultivated meat and other innovative food in global markets. One month after the FDA's approval, another milestone was reached. On December 22, the AgFood Future Center of Excellence (AGF) and the Agriculture Food Partnership (AFP) co-organized an online event where, for the first time, regulatory experts from two of the largest potential markets for...
China Food & Agribusiness Quarterly – Q4 2022
China is facing sharp economic growth slowdown due to macroeconomic and geo-political challenges around the world, the real estate market slowdown, and ongoing Covid-led lockdowns. In Q2 2022, China’s GDP growth recorded only 0.4% YOY, according to the National Statistics Bureau. Rabobank is forecasting China GDP will only grow at 2.8 % for year 2022.
In August, consumer confidence indicators (CCI) are hitting historic lows, at 91.8. CCI is less likely to improve in the short term, given the current geopolitical turmoil, the ongoing zero-Covid policy in China, and growing fears of...
China’s Pork Market Starts a New Cycle: A Different Cycle in a Transitional Time
China’s pork market started a new cycle around mid-2022. This cycle will be different from previous ones, as market conditions have changed a lot. We expect to see less price volatility, a shorter length, and more government monitoring. Policies, a new industry structure, sustainability concerns, and consumer trends will continue to influence the market’s development.
This cycle will offer market opportunities to both...
NRF Responds to Rising CPI by Urging Administration to Repeal China Tariffs
The National Retail Federation today called on the Biden administration to repeal tariffs on goods from China, citing Consumer Price Index numbers released this morning by the Bureau of Labor Statistics.“This report showing that rampant inflation continues is one more reason for the administration to move quickly to repeal tariffs,” NRF President and CEO Matthew Shay said. “Independent researchers and government agencies agree that ending tariffs is the fastest way to relieve the pressure of higher prices that American businesses, workers and consumers are facing every day...
USMEF Spring Conference Spotlights U.S.-China Trade Relations, Innovative Promotions for US Red Meat
The U.S. Meat Export Federation (USMEF) concluded its spring conference Friday in San Antonio. The three-day meeting examined a number of key issues for U.S. exporters while also updating members on promotional activities for U.S. pork, beef and lamb in a wide range of international markets.
Thursday’s general session focused on agricultural trade relations between the U.S. and China, including a deep dive into the market access gains achieved for U.S. beef and pork through the 2020 Phase One Trade and Economic Agreement...
JD.com’s SEVEN FRESH Supermarket Rolls Out Autonomous Vehicles as COVID Cases Surge in China
JD.com has rolled out autonomous vehicles in the city of Shenzhen to deliver groceries through their fresh food supermarket, SEVEN FRESH.
The City of Shenzhen, which links Hong Kong to mainland China, saw a spike in COVID-19 cases earlier this month. China has a strict “zero-COVID” policy, so Shenzhen was put under lockdowns and hit with additional restrictions in an effort to stop the spread of the virus. To ensure food supply with no-contact, JD.com introduced their autonomous delivery vehicles...
China’s Foodservice Industry Recovers After Experiencing Sharp Declines in 2020
Western-style quick service restaurants outperformed Chinese-style counterparts in 2021
According to The NPD Group, China’s foodservice industry ended 2021 showing signs of recovery after a tumultuous two-year period full of uncertainty brought on by COVID-19 and stringent lockdown measures throughout the country.
Thanks to vaccination rollouts and easing restrictions across the country, China reported a recovery in the first half of the year across the 22 Chinese cities tracked by NPD for the foodservice industry.
There was growth for both foot traffic and spend over the...
UB Consulting: Why the Rise in Egg Prices?
Mintec and Urner Barry combine to create a market leading Price Reporting Agency and Data Provider
New Retail Data Now Available on COMTELL!
How 10 of the Most-Read Stories of 2022 Capture the Year in Food
Urner Barry's Winter 2023 Reporter Issue Released; Read It Online For Free Now