Demand for pet food in the Philippines is on the rise, according to the US Department of Agriculture (USDA). The FAS in Manila projected that the pet food industry in the Philippines will reach USD 434 million in 2023. The report also indicates that the dry dog food...
US private equity firm General Atlantic has invested USD 130 million in PT Cisarua Mountain Dairy Tbk, an Indonesian dairy and food products company. Cimory has been in business for over 20 years and has become one of the leading dairy and food product brands in...
The government of Vietnam recently announced targets for foreign investment in agriculture to double to USD 34 billion by 2030. The country’s agricultural sector has grown by around 3% each year from 2010 to 2020, and today Vietnam’s rice exports account...
Metro Pacific Investments Corporation (MPIC), a Philippine conglomerate that recently entered the dairy industry in early 2022, has announced its further expansion by partnering with the LR Group of Israel. The LR Group and MPIC’s Metro Pacific Agro-Ventures...
Thai Union has announced that it intends to invest THB 6 billion (USD 172.4 million) in order to expand its seafood operations in 2023. Out of the total budget, THB 1 billion (USD 28.7 million) will be allocated to optimize two new factories in Thailand producing...
The Singapore Food Agency (SFA), National University of Singapore (NUS), Temasek Life Sciences Laboratory (TLL), and seven industry partners, including Barramundi Group (BG), Blue Aqua International (Blue Aqua), Singapore Aquaculture Technologies (SAT), Swee Chioh...
Indonesia exported 118 thousand tons of shrimp worth USD 1.106 billion to the US in the first nine months of 2022, as stated by the Maritime Affairs and Fisheries Ministry. According to Erwin Dwiyana, the Marketing Director at the Ministry’s Directorate General...
In December 2022, Nano Malaysia Berhad (NMB) launched an initiative – Biomass Innovation Circular Economy Program (BICEP). The program is geared towards building sustainable agriculture by producing materials from waste biomass materials. BICEP aligns with...
The SPC Group, a South Korean-based company that owns the international bakery chain Paris Baguette, will invest MYR 130 million (USD 28 million) in Malaysia to create its first halal food manufacturing center. It will be the group’s first production facility in...
The Philippines’ imports of meat products from January to September 2022 surpassed the one billion-kilo mark, led by pork and chicken shipments. According to the latest data from the Philippine Bureau of Animal Industry (BAI), as reported by Philstar.com, the...
The Thai subsidiary of the American agricultural and food ingredient producer Cargill recently announced that it is investing in its ready-to-cook products with the aim of making Thailand a production hub for export to the Southeast Asian market. According to Cargill...
The Estonia-based startup FlyFeed has recently raised EUR 3 million (USD 30,90,705) to research on feeding the globe by sustainably obtaining insect protein. In order to begin operations, the business will now build an industrial-sized insect farm in Vietnam. One of...
