News on Food Trends from Asia

October 31, 2007

Japan's Mitsubishi launches takeover bid for KFC Japan

Japanese trading house Mitsubishi Corp. announced a tender offer Wednesday to boost its stake in Kentucky Fried Chicken Japan Ltd. in a deal worth up to 30.83 billion yen (US$267.72 million;¤185,38 million).Mitsubishi, which already owns 31 percent of ...
October 23, 2007

KFC chooses the Chinese dairy supplier Mengniu to supply all Chinese KFC outlets.

In a strong demonstration of faith in Chinese product quality, KFC is replacing Nestle with Mengniu products. The global fast food behemoth yesterday signed a dairy product supply agreement with Inner Mongolia Mengniu Dairy Industry (Group) Co Ltd, Ch...
 Potato and Potato Processing in China
October 21, 2007

Gain Report: Potato and Frozen Potato Products in China 2007

China fresh potato production in MY07/08 is forecast at 75.6 million tons, up 5 percent from the previous year as a result of growing consumer demand. Average fresh potato prices have risen 15 percent annually over the previous three years. Processed ...
October 15, 2007

McDonald's India seeks to triple number of restaurants.

McDonald's Corp.'s Indian unit plans to invest at least INR3 billion (USD 75 million) over the next three-to-five years to triple the number of its fast-food restaurants in the country (currently 125), a senior company executive said Monday. "We...
October 12, 2007

Wendy's and Berjaya announce agreement to open Wendy restaurants in Malaysia

Wendy's International, Inc. and Berjaya Corporation Berhad today announced that they have signed a development agreement to build Wendy's restaurants in Malaysia. Berjaya, through its wholly-owned subsidiary, Nadi Klasik Sdn Bhd, has been granted the ...
October 02, 2007

McDonald's no longer betting big on kid stuff in India

Happy Meals, Big Mac’s most famous sub-brand specially tailored for children and a company trademark since 1979, has been witnessing a year-on-year decline in sales in India. “Kids’ visits to our stores have been declining year-on-year and have been ov...
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October 01, 2007

CIP-ESEAP says organic potato production has edge in global markets

Centro Internationale de la Patata–East and Southeast Asia and the Pacific (CIP-ESEAP) regional leader Fernando Ezeta, who visited potato farms in Benguet in the Philippines, said developed countries demand for organic potatoes which is an avenue to o...
September 28, 2007

USPB promotes dehydrated potatoes in Thailand

The United States Potato Board (USPB) is tapping into the food and bakery business in Thailand by promoting the use of dehydrated potatoes. The USPB, a non-profit organisation that represents potato growers, is working with the Thai food industry to...
September 28, 2007

India's 'retail revolution' sours for Reliance

Indian giant Reliance Industries has frozen plans to bring a Western-style "retail revolution"to the nation's biggest state amid bitter opposition from small traders, an official said Wednesday. Reliance has suspended retail operations and ...
September 26, 2007

The power of private labels: Retailers take on established brands with their own

When Pepsico’s Frito-Lay decided to boycott Pantaloon’s Food Bazaar due to differences in terms of trade, it was the latter’s private label which got a boost in shares. Today Tasty Treat, the ready-to-eat private label of Food Bazaar, is leading with ...
September 23, 2007

Potato varieties for Processing identified in the Phillipines

After five years of field trials, root crop experts at Benguet State University (BSU) in the Phillipines  said Benguet farmers could now plant four new potato varieties which possess the desired dry matter content required by fast-food chains to make ...
September 23, 2007

Burger King in Phillipines post profit

Burger King has reported modest profit from June to August, reversing losses incurred in the same period last year, BK Titans part owner Wilson Young said.
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September 11, 2007

McDonald's hastens development in China to take bite out of Yum Brands

For nearly two decades in China, the KFC logo has enticed the hungry with the promise of juicy, crispy chicken. Now, Yum Brands Inc. - which owns KFC and Pizza Hut as well as Taco Bell in the U.S. - has some competition for the cravings of Chinese dine...
Half-price Big Mac to fight global warming proves big hit in Japan
September 06, 2007

Half-price Big Mac to fight global warming proves big hit in Japan

A Japanese government website crashed Wednesday as people raced to take up an offer of a half-price McDonald's hamburger in exchange for pledging to fight global warming. The Japanese unit of the US burger giant Tuesday offered a Big Mac for 150 yen (1...
September 04, 2007

McDonald's Japan Hits Monthly Record Sales in August

McDonald's Holdings Co. (Japan) said Tuesday same-store sales at its hamburger outlets in Japan hit a monthly record in August.Sales in August rose 11.3 pct from a year before to 46,394 million yen, eclipsing the previous record of 43,047 million yen s...
September 01, 2007

KFC soon to open in Cambodia

Cambodia's Royal Group Co. Ltd. published a statement here on Saturday announcing that it will form a joint venture with Malaysian firms to bring the fast-food giant the Kentucky Fried Chicken (KFC) into the kingdom. This marks the first entry of a maj...
China finds "dangerous and poisonous substances" in french fries imported from the US
August 31, 2007

China finds 'dangerous and poisonous substances' in french fries imported from the US

China is now accusing the United States of shipping contaminated products there. It's the latest round in the battle over unsafe products. China's safety chief says tests found "poisonous and dangerous substances"in almost 22 tons of frozen...
August 15, 2007

Grow potatoes not rice, China's farmers are told

As drought continues to wreak havoc on China's farmland, agriculture experts are considering moving away from the traditional staple food - rice - and encouraging farmers to plant potatoes instead. "The potato is more drought-resistant than rice ...

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