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Category: Food

Retail News Asia is committed to providing both local and global retailers with the latest Food and Food & Beverage news throughout the Asian market. This on a daily base.

  • Vietnam’s Durian Exports to China Surge Thanks to Enhanced Quality Control Efforts

    Vietnam’s Durian Exports to China Surge Thanks to Enhanced Quality Control Efforts

    In a remarkable turnaround, durian exports from Vietnam surged by 70% last month compared to May, reaching an impressive US$360 million, as reported by Vietnam customs. This revival follows a challenging period for the much-loved fruit, and industry experts are optimistic about the future.

    The Frozen Frontier of Durian Exports

    Dang Phuc Nguyen, general secretary of the Vietnam Fruit and Vegetable Association, noted that shipments of durian have stabilized recently, showing promising signs for the months ahead. Central to this rebound is the booming market for frozen durian, as highlighted by Nguyen Dinh Tung, chairman of Vina T&T Group, one of the major exporters.

    His company is currently dispatching around 20 containers of frozen durians to China each month. “If businesses invest properly in the freezing process, Vietnamese durians will have a significant advantage in the Chinese market,” Tung stated. He added that this method not only mitigates risks associated with unpredictable weather but also enhances quality control—a crucial factor for consumers.

    Rising Demand from the North

    Traders are reporting a notable increase in demand for Vietnamese durians among Chinese buyers. “Starting in June, the volume of durians purchased for export has escalated two to three times compared to previous months,” shared Hoang, a durian trader operating in southern Vietnam. This surge can also be attributed to improved compliance with Chinese quality standards, which have historically been a hurdle for exporters.

    Many companies are now requiring farms and traders to conduct quality tests before procurement, significantly enhancing the acceptance rates of Vietnamese durians in China. As the harvest season peaks in both the Mekong Delta and Central Highlands, Nguyen anticipates that exports during September and October could soar to between $500-550 million per month if current trends continue.

    Future Prospects in a Competitive Market

    However, Nguyen tempered excitement with a cautionary note, predicting that prices are unlikely to return to the record highs of 2023-2024, primarily due to a surge in global supply. Alongside competitors like Thailand, Malaysia, Indonesia, Cambodia, and Laos are also increasing their exports to China through official channels, intensifying the rivalry.

    Looking ahead, the Vietnam Fruit and Vegetable Association remains hopeful about the future of fruit and vegetable exports, particularly in the realms of frozen durians and coconuts. If trends hold, this year’s exports could reach a staggering US$6.5-7 billion, inching closer to last year’s record figures.

    Questions & Answers

    What contributed to the resurgence of Vietnamese durian exports?
    The sharp increase in exports can be attributed to the rising demand from China, particularly for frozen durians, which allow for better quality control and mitigate risks from fluctuating weather.

    How are Vietnamese exporters addressing quality concerns?
    Exporters are implementing quality testing protocols at farms and for traders to prevent issues like cadmium residues, which previously led to product rejections in the market.

    What are the export forecasts for Vietnamese durian?
    Currently, export expectations are optimistic, with predictions of monthly revenues reaching between $500-550 million during the peak harvest season in September and October.

  • Jack Link’s Acquires Kooee! Snack Foods In Strategic Expansion Into Anz Meat Market

    Jack Link’s Acquires Kooee! Snack Foods In Strategic Expansion Into Anz Meat Market

    Jack Link’s, the renowned meat snack company, has recently expanded its reach in the Australia and New Zealand (ANZ) region by acquiring Kooee! Snack Foods, a popular meat snack brand based in Tasmania. Effective immediately, the deal incorporates Kooee!, celebrated for its clean-label, grass-fed beef sticks, into the Link Foods Apac collection, which is Jack Link’s regional division headquartered in Australia.

    Integration and Expansion

    As a result of the acquisition, Kooee! will be integrated into Link Foods’ operations, thereby benefiting from increased production capabilities, wider distribution, and enhanced research and development opportunities. However, the brand will retain its unique identity and the integrity of its products.

    Shannon O’Connell, Managing Director of Link Foods Apac, lauded Kooee!’s brand attributes. He stated, “Kooee! possesses a brand personality that excellently mirrors the present-day snacking preferences of consumers – natural, rich in protein, and created with integrity. Its dedication to quality and clean ingredients is unparalleled and we consider this a significant addition to our expanding portfolio in Apac.”

    Strategic Acquisition

    This acquisition is a strategic move by Jack Link’s to invest in high-growth, health-conscious brands within the $15 billion global meat snacks market. It signifies the company’s commitment to providing healthier snacking alternatives to consumers.

    Kooee!, established by former consultants Shaun Malligan and Andy Fist in 2015, offers its products in Woolworths, Coles, and major health retailers across the country. The brand’s reputation for clean, high-quality ingredients aligns perfectly with Jack Link’s commitment to delivering wholesome, satisfying snacks.

    Questions & Answers

    What is the significance of Jack Link’s acquiring Kooee! Snack Foods?
    The acquisition signifies Jack Link’s strategic move to invest in high-growth, health-conscious brands to expand its portfolio in the global meat snacks market.

    What changes should Kooee! expect following the acquisition?
    Kooee! will be integrated into Link Foods’ operations, gaining increased production capabilities, wider distribution, and enhanced research and development opportunities.

    Will Kooee! maintain its brand identity after the acquisition?
    Yes, despite the acquisition, Kooee! will retain its distinct brand identity and the integrity of its products.

  • Hunt And Brew Launches Australia’s Highest-protein Milk, Targeting Health-conscious Millennials And Gen Z

    Hunt And Brew Launches Australia’s Highest-protein Milk, Targeting Health-conscious Millennials And Gen Z

    Hunt and Brew, an Australian food and beverage company, has introduced its high-protein milk product, Extra Protein Milk 1L, to the national market. This newly launched product is now available at all Coles supermarkets throughout Australia.

    Product and Market Position

    The brand asserts that this product has the highest dairy protein content currently available, boasting a robust 16 grams of dairy protein per 250ml serving. This offering outstrips standard milk products by 80%, positioning it as a standout in the dairy market.

    The senior brand manager of Hunt and Brew, Jake Calabrese, expressed the company’s objective in introducing this high-protein milk. He cited a distinct market opportunity in the conventional dairy milk sector. The company designed this premium protein-rich milk to satisfy the increasing consumer demand for accessible, wholesome, and natural solutions to augment protein intake.

    Product Source and Uses

    The milk for this product comes from high-quality farms in the Margaret River and the adjacent Southwest region of Western Australia. It is versatile and works well in coffee and tea. It is also a perfect high-protein addition to breakfast cereals and smoothies.

    Target Audience and Market Strategy

    The launch targets younger generations, particularly millennials and generation Z. This strategy aligns with Hunt and Brew’s wider efforts to regain significance in the dairy industry.

    Calabrese further elaborated on the company’s mission, stating that Hunt and Brew aspires to improve the dairy sector. The company aims to attract younger, health-conscious millennials and generation Z back to the dairy milk category.

    Questions & Answers

    What is the protein content of the new Extra Protein Milk from Hunt and Brew?
    The Extra Protein Milk from Hunt and Brew contains 16 grams of dairy protein per 250ml serve, 80% more than standard milk.

    Who is the target market for Hunt and Brew’s new product?
    The company is targeting millennials and Gen Z who are more health-focused and interested in natural, convenient ways to increase their protein intake.

    Where is the milk for Hunt and Brew’s product sourced from?
    The milk is sourced from high-quality farms in the Margaret River and the surrounding Southwest region of Western Australia.

  • Coca-Cola Beats Earnings Expectations Despite Sales Dip; Unveils Cane Sugar Product For Us Market

    Coca-Cola Beats Earnings Expectations Despite Sales Dip; Unveils Cane Sugar Product For Us Market

    Coca-Cola’s quarterly earnings have surpassed expectations, the company reported on Tuesday, due to increased pricing. This comes despite a decrease in sales volumes in significant markets, and the announcement of a new Coca-Cola product made with cane sugar for the U.S. market.

    Higher Prices and Lower Volumes

    The boost in prices compensated for a 1 per cent decline in sales volumes, which had increased by 2 per cent in the previous two quarters. The decline was primarily due to a decrease in sales in essential markets, including Mexico and India, and within the Coca-Cola brand in the United States. After adjusting for certain items, the company made a profit of 87 cents per share, surpassing the expected 83 cents.

    Sales of higher-priced sodas have fluctuated in recent times, especially in wealthier nations, as consumers with lower incomes become more price-sensitive.

    Healthier Substitutes

    In response to demands for healthier alternatives, food companies are looking to diversify their offerings. Recently, President Donald Trump announced that Coca-Cola had agreed to use real cane sugar in the United States. Coca-Cola’s CEO, James Quincey, stated during a post-earnings call that the company is exploring different sweetening options to meet consumer demand. This new cane sugar product will “complement” the company’s existing range, he added.

    Competing brand PepsiCo, which also exceeded quarterly earnings estimates recently, stated it would use natural ingredients if consumers expressed a preference for them.

    International Success and Domestic Challenges

    Coca-Cola already sells Coke made with cane sugar in various markets, including Mexico. Some U.S. grocery stores also offer glass bottles of Coke made with cane sugar, labelled as “Mexican” Coke.

    However, the transition to cane sugar will increase costs, including significant changes to supply chains, according to industry analysts. Higher-priced products could also put pressure on consumer budgets, as Quincey acknowledged that sales volumes in North America decreased due to continuing uncertainty and pressure affecting certain socioeconomic consumer segments.

    Coca-Cola maintains that the cost implications due to “global trade dynamics” are manageable. Approximately 61 per cent of the company’s revenue is derived from overseas markets.

    Higher Pricing and Volume Recovery

    Coca-Cola’s comparable revenue for the three months ending June 27 rose 2.5 per cent to $12.62 billion, outperforming the forecasted $12.54 billion. Quincey stated that a boycott-related drop in demand in the U.S. and Mexico has largely been resolved.

    Annual comparable earnings per share are expected to be near the upper limit of the company’s target increase range of 2 to 3 per cent, aided by a weaker dollar.

    Sales volumes of Coca-Cola Zero Sugar soared, with a 14 per cent increase recorded across all geographies.

    Questions & Answers

    What was the cause of the decrease in Coca-Cola’s sales volumes?
    The decrease in sales volumes was primarily due to a decline in sales in key markets such as Mexico and India, and within the Coca-Cola brand in the U.S.

    Is Coca-Cola planning to introduce new products to the market?
    Yes, Coca-Cola has announced it will introduce a new product made with cane sugar to the U.S. market as part of their commitment to meet consumer demand for healthier alternatives.

    What is the outlook for Coca-Cola’s annual comparable earnings per share?
    The annual comparable earnings per share are expected to be near the upper limit of Coca-Cola’s target increase range of 2 to 3 per cent, aided by a weaker dollar.

  • Bulla Teams Up With Hoyts For Exclusive Cinema-themed Ice Cream At Coles Supermarkets

    Bulla Teams Up With Hoyts For Exclusive Cinema-themed Ice Cream At Coles Supermarkets

    Bulla Dairy Foods, in collaboration with Hoyts Cinemas, has introduced an exclusive cinema-themed treat for Australian households, called Bulla Hoyts Choc Tops. These special frozen desserts will be sold only at Coles supermarkets.

    Availability and Flavours

    The limited-edition Bulla Hoyts Choc Tops will be available for purchase between the 16th of July and the 30th of September. These ice creams will be sold in select Coles stores across Australia in packs of four. Customers will have the option to choose from two delicious flavours, Vanilla and Salted Caramel.

    In addition to the frozen treat, each pack will also contain a $12 Hoyts movie ticket voucher. Valid until the 30th of July, 2026, this serves as both a sweet indulgence at home and an incentive for movie-goers to return to the cinema.

    A Staple Cinema Snack

    According to Michael King, Hoyts’ General Manager of Food & Beverage and Retail, the Choc Top ice cream is an integral part of the movie-going experience, with millions being sold at Hoyts cinemas each year.

    King expressed his excitement at the launch of this initiative, noting the popularity of the combination of a movie and a Bulla Choc Top among cinema patrons. He said, “While nothing beats biting into a Bulla Choc Top at the cinema, we’re excited to give people a taste of the Hoyts experience at home.”

    Previous Ice-Cream Collaborations

    The introduction of Bulla Hoyts Choc Tops follows Bulla’s recent partnership with Hershey’s. Earlier this year, this collaboration resulted in the release of two new one-litre ice-cream flavours.

    Questions & Answers

    Who are the collaborators for the Bulla Hoyts Choc Tops?
    Bulla Dairy Foods and Hoyts Cinemas have partnered to create the Bulla Hoyts Choc Tops.

    Where can Bulla Hoyts Choc Tops be purchased and what are the available flavours?
    The Bulla Hoyts Choc Tops can be purchased exclusively at select Coles supermarkets. The available flavours are Vanilla and Salted Caramel.

    What is the additional benefit provided with the purchase of the Bulla Hoyts Choc Tops?
    Each pack includes a $12 Hoyts movie ticket voucher, valid until July 30, 2026.

  • Liquid Death Ventures Into Energy Drink Market With Low-caffeine, Sugar-free ‘sparkling Energy

    Liquid Death Ventures Into Energy Drink Market With Low-caffeine, Sugar-free ‘sparkling Energy

    Liquid Death, a notable canned water company, is set to make a definitive move into the energy drink market. Their new product line, named Sparkling Energy, is a low-caffeine, sugar-free beverage range expected to make its debut in the United States market early next year.

    New Flavours in the Pipeline

    The Sparkling Energy range is slated to roll out in four unique flavours. Tropical Terror, Scary Strawberry, Orange Horror, and Murder Mystery are the enticing names that have been unveiled. These four flavours promise to offer a refreshing and energy-boosting experience to their customers.

    Nutritional Aspects

    Each 355ml can of Sparkling Energy boasts a sensible caffeine content of 100mg, roughly equivalent to a cup of coffee. This seemingly modest caffeine level was purposefully chosen, as a counter-response to the excessive caffeine content perceived in the existing energy drink market.

    Furthermore, Sparkling Energy will leverage natural sweeteners, specifically stevia and allulose, to maintain its sugar-free promise. The drink also includes a beneficial infusion of vitamin B12 and vitamin C, adding another layer of nutritional value.

    Product Pricing and Marketing

    The Sparkling Energy drink is estimated to be priced at approximately US$3 per can. More intricate details about the marketing strategy for this new product range will be released as the launch date approaches.

    Questions & Answers

    What is the new product that Liquid Death is about to launch?
    Liquid Death is gearing up to introduce Sparkling Energy, a new range of low-caffeine, sugar-free energy drinks.

    What are the unique flavours that Sparkling Energy will be available in?
    Sparkling Energy will be available in four flavours: Tropical Terror, Scary Strawberry, Orange Horror, and Murder Mystery.

    What is the expected retail price of a Sparkling Energy can?
    Each can of Sparkling Energy is expected to retail for around US$3.

  • CJ Foods Launches Locally-sourced Bibigo Korean-style Fried Chicken In Australia

    CJ Foods Launches Locally-sourced Bibigo Korean-style Fried Chicken In Australia

    CJ Foods Oceania, a division of the international CJ Group, has introduced its Bibigo Korean-Style Fried Chicken line, produced and procured locally in Australia.

    New Korean-Inspired Chicken Range Launched

    The Bibigo Korean-Style Fried Chicken range boasts two enticing flavours: ‘Sweet & Spicy’ and ‘Soy & Honey’. Nationwide sourced whole chicken breast cuts form the heart of this product line, which are then coated with a light, crispy batter.

    Convenient and Quick Preparation

    Each product comes with a separate sauce pack for easy and quick preparation, providing options for oven-cooking or air-frying. This launch is a continuation of the company’s introduction of other frozen food items, such as Mandu (Korean dumplings), Gimbap (Seaweed rice rolls), Rice balls, Bao (Chinese steamed buns), Soup Mandu (Soup dumplings), and Seaweed Chips.

    A Taste for Authentic International Flavours

    Eugene Cha-Navarro, Managing Director and CEO of CJ Foods Oceania, noted Australia’s well-developed taste for bold, internationally influenced flavours and its ongoing preference for traditional Korean cuisine. “Our focus is not solely on packaging, but also on sourcing local ingredients, understanding local tastes, and cultivating relationships with Australian farmers and producers,” he added.

    The Bibigo Korean-Style Fried Chicken range is now available nationally across Woolworths and will be available from IGA starting from mid-August.

    Questions & Answers

    What flavours does the Bibigo Korean-Style Fried Chicken range offer?
    The range currently offers two flavours, ‘Sweet & Spicy’ and ‘Soy & Honey’.

    How can the product be prepared?
    The product comes with a separate sauce pack for quick and easy preparation, including options for oven-cooking or air-frying.

    Where can the Bibigo Korean-Style Fried Chicken range be purchased?
    The range is available nationally across Woolworths outlets and will be available in IGA stores from mid-August.

  • Pepsi Unveils Prebiotic Cola: A Revolutionary Step In Classic Beverage

    Pepsi Unveils Prebiotic Cola: A Revolutionary Step In Classic Beverage

    PepsiCo has announced the launch of Pepsi Prebiotic Cola, a significant development in the traditional cola category that it hasn’t seen in two decades.

    The Modern Twist to Classic Pepsi

    The new product brings a fresh perspective to the conventional Pepsi flavor, enhanced with functional prebiotic fiber aimed at promoting gut health. Pepsi Prebiotic Cola is available in two distinctive flavors: Original Cola and Cherry Vanilla. Each 350ml can of this innovative concoction includes five grams of cane sugar, 30 calories, and three grams of prebiotic fiber, and is void of any artificial sweeteners.

    A Leap Forward in Cola Experience

    PepsiCo’s US CEO, Ram Krishnan, expressed his excitement about the new product, stating that Pepsi Prebiotic Cola takes a significant leap forward in offering consumers more choice and functional ingredients in their cola drinking experience, without sacrificing the iconic Pepsi taste that the brand is renowned for.

    Reflecting Mindful Consumption Trends

    The introduction of Pepsi Prebiotic Cola is a marker of shifting trends towards more conscious consumption. This product complements PepsiCo’s existing portfolio, which includes Pepsi Zero Sugar and Poppi, a rapidly growing prebiotic soda brand recently acquired by PepsiCo.

    Availability and Packaging

    The new Pepsi Prebiotic Cola range is scheduled to launch online in the fall, and it is expected to be available in retail stores nationwide in the early part of next year. The product will be sold as single cans and in eight-packs, allocated in the conventional soft drink aisle, alongside Pepsi’s comprehensive range.

    Questions & Answers

    What is the new product that PepsiCo has launched?
    PepsiCo has launched Pepsi Prebiotic Cola, a product that brings a modern twist to the traditional Pepsi flavor with the addition of functional prebiotic fiber.

    What are the key features of Pepsi Prebiotic Cola?
    Pepsi Prebiotic Cola contains five grams of cane sugar, 30 calories, and three grams of prebiotic fiber. It does not contain any artificial sweeteners and is designed to support gut health.

    When and where will Pepsi Prebiotic Cola be available?
    The new Pepsi Prebiotic Cola range will be available online in the fall and in nationwide retail stores in the early part of next year.

  • PepsiCo brings Doritos Cool Ranch back to Australia

    PepsiCo brings Doritos Cool Ranch back to Australia

    PepsiCo has announced the triumphant return of Doritos Cool Ranch to the Australian snacking scene after a six-year hiatus. Ahead of a nationwide launch scheduled for September, these flavorful chips will be exclusively available at select 7-Eleven stores starting from July 30.

    Iconic Flavor Makes a Comeback

    According to Kathryn Miller, Doritos’ marketing manager, Cool Ranch has been one of the most sought-after flavors from the brand’s fan base. Miller expressed the intent to make the return of this beloved flavor a memorable event, thus the creation of a unique treasure hunt designed to satiate the snack cravings of their consumers. She emphasized that this re-release is targeted towards snack enthusiasts who enjoy bold flavors and the thrill of the so-called FOMO (Fear of Missing Out) experience.

    A Digital Treasure Hunt

    To enhance the excitement surrounding the flavor’s comeback, Doritos has crafted a digital campaign which revolves around a national treasure hunt. Clues will be released on popular social media platforms, TikTok and Instagram, urging participants to solve a code that will unveil hidden stashes of the returning Cool Ranch flavor. The grand prize includes a year’s supply of the coveted Cool Ranch chips, adding a tantalizing incentive for Doritos fans to partake in the digital endeavor.

    Availability

    The Cool Ranch flavor will be available for a limited period, with a national rollout planned across major supermarket chains like Coles and Woolworths, as well as leading convenience retailers, from September onwards.

    Questions & Answers

    When will Doritos Cool Ranch be available in Australian stores?
    Starting from July 30, the chips will be exclusively available at select 7-Eleven stores. A broader release is planned across major retailers from September onwards.

    What is the marketing strategy for the return of Doritos Cool Ranch?
    Doritos has planned a digital campaign revolving around a national treasure hunt on TikTok and Instagram. Participants can solve a code to discover hidden supplies of the returning flavor.

    What is the prize for the Doritos treasure hunt?
    The grand prize for the treasure hunt is a year’s supply of Cool Ranch chips.

  • China Overtakes US as Vietnam’s Leading Shrimp Export Market in First Half of the Year

    China Overtakes US as Vietnam’s Leading Shrimp Export Market in First Half of the Year

    China has emerged as a vital avenue for Vietnamese shrimp exporters, importing nearly US$595 million worth of shrimp, as reported by the Vietnam Association of Seafood Exporters and Producers (VASEP). A supply shortage in China, coupled with a seasonal spike in demand for premium seafood delights like lobster, has created an auspicious window for Vietnam’s seafood industry.

    Captivating Competitive Edge

    The geographic proximity of Vietnam to China adds to the appeal, allowing exporters to offer competitive prices that capture the attention of Chinese importers. Traditional markets remain steady, with Japan, South Korea, and the European Union contributing to this growth. Of particular note, Japan—the third-largest market for Vietnamese shrimp—has showcased a robust appetite for deeply processed, ready-to-eat shrimp products that cater to busy lifestyles.

    A tantalizing lobster on display in Ho Chi Minh City, showcasing the allure of premium seafood. Photo by VnExpress/Quynh Tran

    Navigating New Trade Waters

    Export dynamics to Europe have also enjoyed a boost thanks to the E.U.-Vietnam Free Trade Agreement. This agreement has positioned Vietnam favorably against other Southeast Asian competitors like Indonesia and Thailand. Conversely, the United States—once the leading market—has shown signs of decline in shrimp imports. Although exports to the U.S. increased by 13% to $341 million in the first half of the year, much of this surge was attributed to a pre-emptive rush in May, as businesses scrambled to fulfill orders ahead of the new tariffs introduced by the Trump administration.

    In June, the situation took a turn, with exports plummeting by 37%. In April, the Trump regime imposed a 10% retaliatory tariff on various imports, which is set to escalate to 20% on shrimp from August 1. In addition to this tariff hike, Vietnamese exporters face the looming threat of preliminary anti-dumping duties that could exceed 35%, alongside countervailing duties expected by year’s end.

    Shifting Strategies for Sustainability

    Amid these turbulent market conditions, VASEP has highlighted that U.S. tax policies are instilling caution among American importers, complicating pricing and order planning for Vietnamese businesses. This upheaval has prompted many seafood companies to explore alternative markets, with China appearing as an increasingly attractive option.

    Global shifts are also pressuring domestic shrimp prices. The cost of large black tiger shrimp has recently soared to a record VND201,000 (US$7.69) per kilogram, primarily driven by limited supply against consistent demand. Overall, Vietnam’s shrimp exports surged by 27% in the first half of the year, totaling $2 billion. However, VASEP forecasts a slowdown in exports as July approaches, following the rush of orders in May and June.

    With the U.S. delaying tariff increases until early August, some firms were able to expedite shipments, but the future remains uncertain, hinging on the final tariff levels and the capacity to diversify markets effectively. Many shrimp producers are now focusing on revising their export strategies to reduce dependency on the U.S. market, leveraging trade agreements like the EVFTA and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership.

    A notable trend is the emphasis on deeply processed products, which attract higher value. Major markets like the U.S. and the EU are implementing stricter traceability and origin requirements, driving firms to enhance productivity throughout their supply chains—from certified farming practices and disease control to optimized processing and logistics.

    As Vietnam’s seafood industry navigates a volatile global market, the implementation of proactive financial and legal strategies will be crucial for sustaining growth and competitiveness.

    Questions & Answers

    How has China become a significant market for Vietnamese shrimp?
    China’s domestic supply shortage, combined with a rising demand for premium seafood products, has opened the door for Vietnamese exporters, leading to substantial imports worth nearly US$595 million.

    What impact have U.S. tariffs had on Vietnamese shrimp exports?
    The new tariffs imposed by the U.S. have caused export volatility, with a significant drop in shipments in June following a May spike as businesses rushed to beat the tariff deadline.

    What strategies are Vietnamese seafood businesses adopting for future growth?
    Producers are shifting focus away from reliance on the U.S. market and are capitalizing on trade agreements like the EVFTA, while also prioritizing the production of deeply processed shrimp products to meet evolving market demands.

  • JD Super Strikes $69.7M Partnership with Australian Beef Suppliers to Elevate Product Range

    JD Super Strikes $69.7M Partnership with Australian Beef Suppliers to Elevate Product Range

    In a bold move destined to shake up the meat market, JD Super, the supermarket division of JD.com, has inked a significant procurement agreement valued at $69.7 million (RMB500 million) with three leading Australian beef suppliers: Coles, Bindaree Food Group, and Stanbroke. This strategic alliance signals JD Super’s commitment to bolster its direct global sourcing initiatives while introducing Chinese consumers to premium beef products.

    A Tasty Range of Products Just for You

    The deal encompasses a diverse array of beef offerings, including grass-fed, grain-fed, Angus, and Wagyu varieties, all sourced directly from the heartbeat of Australian agriculture. This direct-from-producer blueprint not only promises fresher meat for consumers but also aims to cut out intermediaries, effectively lowering prices.

    Power Players in Australia Took Notice

    For the Australian beef suppliers, the partnership with JD Super is a golden opportunity. Coles, with its more than 110 years of experience, processes around 500,000 cattle annually, while Bindaree Food Group is ramping up operations with an expansion of its feedlot to accommodate 35,000 head of cattle weekly. Stanbroke, managing an impressive 1.2 million hectares of pastureland, provides internationally certified beef. With JD Super’s vast reach of 600 million users, these suppliers can significantly enhance their brand presence in the lucrative Chinese market.

    A Game-Changer for the Retail Landscape

    In a landscape where time is of the essence, JD Super stands out as the only e-commerce platform in China sourcing beef directly from Australia. This not only positions the retailer as a pioneer but also empowers Australian beef producers to leverage advanced digital tools and JD’s established supply chain to lower retail prices and boost sales. Talk about a win-win situation!

    Questions & Answers

    What is the significance of JD Super’s agreement with Australian beef suppliers?
    The agreement enhances JD Super’s direct global sourcing strategy, providing Chinese consumers access to a variety of premium beef products while allowing Australian suppliers to build brand visibility in China.

    What types of beef products are included in the deal?
    The agreement covers a wide range of beef products, including grass-fed, grain-fed, Angus, and Wagyu, sourced directly from producers in Australia.

    How does this partnership benefit Australian beef suppliers?
    The partnership grants Australian suppliers direct access to JD Super’s extensive user base of 600 million, enabling them to lower retail prices, increase sales, and strengthen brand recognition in the Chinese market.

  • US Cherry Prices Plummet to Historic Lows in Vietnam’s Market

    US Cherry Prices Plummet to Historic Lows in Vietnam’s Market

    Across Vietnam, American cherries have emerged as a surprising star on the supermarket scene, captivating shoppers with their enticing prices. Currently, retailers are offering these sought-after fruits for around VND299,000 per kilogram, with certain major chains slashing prices to an astonishing VND189,000—less than half of last year’s rates.

    This year marks a strategic shift for online retailers and supermarkets embracing a substantial influx of cherries from the U.S., departing from their previous reliance on Chilean imports. WinCommerce, the operator behind the WinMart chain, is promoting the fruit at VND299,000 per kilogram from July 8 to July 23—a dip of VND160,000 from its earlier pricing.

    Meanwhile, MM Mega Market reports a price of VND189,000, achieving remarkable demand spurred by a whopping 140% increase in cherry purchases compared to last year. The Vietnam Fruit and Vegetable Association notes that cherry imports have surged, making it one of the fastest-growing imports in 2023, with an impressive year-on-year growth of 43%.

    As import tariffs on U.S. cherries decline, the market is poised for even more competitive pricing. The U.S. Department of Agriculture highlights a favorable shift in conditions, revealing an 8% increase in sweet cherry production from 2024, reaching an estimated 383,000 tons.

    However, the U.S. must navigate a challenging landscape as exports to China, once a major market, are stifled by a formidable 58% import tariff. While China has temporarily suspended additional tariffs, the baseline tax rate still leaves American cherries trailing behind Chilean competitors, who benefit from preferential trade agreements.

    On a positive note, Vietnam is actively negotiating with the U.S. for a zero-tariff regime on American goods, which could revitalize market access. In light of recent tariffs imposed by China, U.S. cherry exporters have turned their focus toward new markets, including Vietnam, South Korea, and Japan, with the wholesale price in the U.S. dropping by 10-15% during June and July compared to last year.

    Questions & Answers

    What factors have contributed to the rising demand for cherries in Vietnam?
    Cost reductions, strategic imports from the U.S., and targeted promotions at retail chains have all played roles in increasing cherry demand by 140% from last year.

    What challenges do U.S. cherry exporters face in the Chinese market?
    U.S. cherry exporters contend with a steep 58% import tariff imposed by China, which has caused them to seek opportunities in alternative markets such as Vietnam, South Korea, and Japan.

    How are local stakeholders responding to the decline in U.S. cherry exports to China?
    Local stakeholders are adjusting by leveraging negotiations with the U.S. government to eliminate import tariffs, aiming to enhance the accessibility of U.S. fruits in the Vietnamese market.

  • Chinese Milk Tea Giant Chapanda Breaks Into Singaporean Market With Two Prime Location Outlets

    Chinese Milk Tea Giant Chapanda Breaks Into Singaporean Market With Two Prime Location Outlets

    ChaPanda, a renowned Chinese milk tea brand, is making its daring entry into the Singaporean market by launching two new stores in prime locations.

    The First Two Outlets

    The brand’s inaugural outlet in Singapore has already opened its doors at Scape, a shopping complex located on Orchard Link. The second store is also set to make a grand entrance soon at Northpoint City South Wing, a popular shopping mall in northern Singapore.

    These new outlets continue the brand’s tradition of featuring adorable panda mascots and offering an impressive range of drink options. Customers can look forward to indulging in popular favourites such as Taro Ball Milk Tea and Mango Pomelo Sago.

    ChaPanda’s Rapid Growth

    ChaPanda, also known as ChaBaiDao, was established in 2008 in Chengdu, China. Following its inception, the brand has experienced tremendous domestic and global growth.

    Today, ChaPanda is recognized as the third-largest freshly made milk tea chain in China. The company operates an expansive network of over 8000 stores across the globe, enjoying a significant presence in several key markets including Hong Kong, South Korea, Australia, Malaysia, and Thailand.

    Major Milestone for ChaPanda

    In a significant achievement in 2020, ChaPanda’s founder, Wang Xiaokun, ascended to the prestigious ranks of the world’s billionaires. This significant milestone followed a successful funding round that catapulted the company’s valuation to an impressive US$2.1 billion.

    Questions & Answers

    What is ChaPanda?
    ChaPanda, or ChaBaiDao, is a Chinese milk tea brand established in 2008. It is the third-largest freshly made milk tea chain in China with over 8000 stores globally.

    Where will the ChaPanda stores be located in Singapore?
    The first ChaPanda store in Singapore is located at Scape on Orchard Link, and the second outlet is set to open at Northpoint City South Wing soon.

    Who is the founder of ChaPanda?
    ChaPanda was founded by Wang Xiaokun, who became a billionaire following a funding round that valued the company at US$2.1 billion.

  • Hanwha Group Mulls Sale Of Fg Korea, Operator Of Five Guys Franchise In South Korea

    Hanwha Group Mulls Sale Of Fg Korea, Operator Of Five Guys Franchise In South Korea

    The South Korea-based conglomerate, Hanwha Group, is reported to be contemplating the sale of FG Korea, the operator of the American burger franchise Five Guys in South Korea.

    FG Korea and Hanwha Group

    FG Korea functions as a fully-owned subsidiary of Hanwha Galleria, which is the retail division of Hanwha Group. The company recently disseminated documents to private equity firms via a local accounting firm, Samil PwC. This action is seen as an indicator of a possible sale. It is anticipated that if a sale does occur, it would likely result in the complete transfer of ownership of the company.

    FG Korea’s Expansion

    FG Korea was instrumental in introducing Five Guys to the South Korean market in 2023, with the inaugural restaurant opening in the Gangnam district of Seoul. Since then, the chain has grown to include seven branches, with plans for an eighth location to open later this month in Yongsan, central Seoul.

    In the previous year, FG Korea had entered into an agreement with Five Guys International to spearhead the brand’s expansion into Japan, with an ambitious goal of establishing more than 20 outlets within the span of seven years.

    FG Korea’s Financial Performance

    In the past fiscal year, FG Korea reported significant sales of 46.5 billion won (approximately US$33.4 million) and a net income of 2 billion won.

    This potential sale is understood to be part of Hanwha Galleria’s attempts to optimize its portfolio and reduce expenses.

    Questions & Answers

    What is the relationship between FG Korea and Hanwha Group?
    FG Korea is a wholly-owned subsidiary of Hanwha Galleria, which is the retail branch of Hanwha Group.

    What has been FG Korea’s role in the expansion of Five Guys?
    FG Korea brought Five Guys to South Korea in 2023 and has since helped the brand grow to seven locations. Furthermore, they have also signed a memorandum of understanding with Five Guys International to lead the brand’s expansion into Japan.

    What is the financial performance of FG Korea in the past fiscal year?
    FG Korea reported 46.5 billion won (approximately US$33.4 million) in sales and a net income of 2 billion won in the last fiscal year.

  • Taiwanese Beef Noodles Specialist Duan Chun Zhen Expands Footprint to ELEMENTS Unveiling its Storied Comfort Food

    Taiwanese Beef Noodles Specialist Duan Chun Zhen Expands Footprint to ELEMENTS Unveiling its Storied Comfort Food

    Duan Chun Zhen, renowned for its sumptuous classic Taiwanese beef noodles, welcomes the opening of its fifth location in Hong Kong, at ELEMENTS in West Kowloon. This new branch of the beloved international chain upholds a family legacy of authentic Sichuan flavours while capturing the vibrant essence of Taiwan’s night-market culture, presenting irresistible beef noodles, popular rice bowls and signature street snacks.

    Seating 80 diners, the ELEMENTS outlet is conveniently located next to the cinema, luring film buffs and foodies into inviting interiors for bowls of aromatic comfort food. Chinese tradition meets contemporary elegance in warm wooden tones, with bamboo features lining the walls and criss-crossing the ceiling, and wooden floors and subtle wooden accents adding a sense of natural charm.

    To celebrate the opening of its latest Hong Kong location, Duan Chun Zhen will gift an exclusive facial mask daily to its first 20 customers who order any noodle dish from 19-25 July 2025. Launched in Taiwan earlier this summer, the skin-nourishing Green Pepper Flavour Beef Noodle Mask is infused with Damask rose extract, collagen, vitamin B8 and the delightful aroma of green Sichuan pepper. Extending the brand’s artistry beyond the kitchen, this uplifting keepsake for lucky diners is ideal for pampering skin during the sweltering summer months.

    As an additional limited-time offer, patrons of Cafe Deco Pizzeria can present their receipt at Duan Chun Zhen in ELEMENTS within 7 days to enjoy HK$30 off the bill (with a minimum spend of HK$100 or more between 19 July and 18 August 2025). Both restaurants are managed in Hong Kong by Cafe Deco Group.

    The story of these celebrated Taiwanese beef noodles begins with Duan Chun Zhen, a passionate home cook who arrived in Taiwan from Sichuan in 1945. She supported herself by making the traditional seasonings of her province – bean paste, pickled pepper, spicy bean curd, sweet fermented rice – as well as aromatic Sichuan braised dishes, and selling them from a bicycle stall at Hsinchu Air Base. Her grandson, Fan Kwong Zhi, heir to her culinary expertise, opened the family’s first noodle shop in 2007 to honour her memory. Connecting Taiwanese cuisine to the world with beef noodles, the brand has grown to embrace 11 outlets in Taiwan, 5 in Hong Kong, and 2 in California, USA.

    The soul of Duan Chun Zhen’s house-special classic beef noodles is the broth that takes 18 hours to perfect, starting with an intricate 8-hour process of stir-frying raw fatty beef together with 23 different spices and herbs, including Da Hong Pao (big red) Sichuan peppercorns and Pixian doubanjiang (broad-bean paste). This intense, fragrant base is used to braise beef, which then simmers for hours with beef bone to make a moreish, mouth-tingling broth.

    Diners can choose from 2 kinds of noodles – thin noodles or wider, chewy handmade noodles – both designed to soak up the delicious house soup. During a traditional vermicelli production process, the thin noodles are punctured by multiple air holes, increasing their ability to absorb the flavours of the liquid. The handmade noodles benefit from repeated dough sheeting that not only keeps them firm and elastic but also results in an uneven thickness so they too can better ingest the soup.

    A whole chicken is simmered for 6 hours for the flavoursome and fragrant soup base of Rich Chicken Broth Noodles with Drumstick (HK$88) and Chicken Drumstick Noodles in Pepper Soup with Pickled Greens (HK$88). Among a selection of dry noodle dishes, Shredded Chicken with Garlic Flavoured Dry Noodles & Peanut (Thin Noodles) (HK$78) and Shredded Chicken with Green Pepper Flavoured Dry Noodles & Peanut (Thin Noodles) (HK$78) swaps the rich and fragrant soup for a dry, spicy punch. Satisfying rice dishes are also available, including Taiwanese Braised Minced Pork Rice (HK$78) and Vegan Minced Pork Rice with Organic Mushroom (HK$68).

    The authentic Taiwanese dining experience extends to signature items such as Sanxing Scallion Pancake (HK$48), whose crusty exterior reveals a soft, aromatic interior and the sharp, peppery taste of Taiwan’s best scallions. Taiwanese Fried Chicken (HK$48) and Deep-fried Pork Chop (HK$48) are other favourite choices. For a unique twist, guests are invited to savour the slightly salty Pork Intestine with Thin Noodles (HK$48) and the huangjiu-infused chicken treat of Chinese Yellow Rice Wine Boneless Chicken with Red Date (HK$78). Shrimp & Pork Wontons in House Special Chili Oil (HK$68) and Spicy Duck Blood Cellophane Noodles (HK$88) also deliver the spicy essence of Grandma Duan’s life-long love and creativity.

    To cater to the ELEMENTS business crowd, Duan Chun Zhen presents a convenient Combo Set at lunch, priced from HK$118 to HK$158 for a noodle or rice course, plus a complimentary snack of either Taiwanese Fried Dumplings (3pcs), Taiwanese Fried Chicken (3pcs), or Deep-fried Pork Chops (3pcs), and a refreshing drink. Options include Ginger Tea, Winter Melon Tea, Ginger Ale or another soft drink. For an additional HK$12, lunchers can upgrade to a selected house-speciality drink.

    The beverage menu showcases classic Taiwanese favourites, starring the flavoursome and textural Winter Melon Barley Delight (HK$36), sweetly fresh Peach Jasmine Green Tea (HK$34), and tropical Passion Fruit Pineapple (HK$34). Each beverage offers a unique flavour profile, perfect for complementing the restaurant’s vibrant dishes.