China Food

Danone issued 700 million euro bonds, Coca Cola’s first 100% plant-based beverage bottle appeared, Hengshun vinegar industry and Tianwei food raised prices, and the scale of prefabricated dishes is expected to reach 3 trillion. The annual harvest is a foregone conclusion


Hot company information and announcement

 


Hengshun vinegar adjusted the price of some products by 5% – 15%

On November 2, Hengshun vinegar industry announced that in view of the sharp rise in the costs of raw and auxiliary materials and transportation, in order to better provide consumers with high-quality products and services and promote the sustainable development of the market, the company decided to adjust the prices of some products by 5% – 15% from November 20, 2021. (Beijing business daily)

Tianwei food: the price of two products has been raised in mid October

In response to the “price increase plan”, Tianwei food said that raw materials increased to varying degrees in the first three quarters of 2021, especially oil raw materials. The company reduces the impact of raw material price fluctuation by optimizing operation management. In mid October, the company has raised the price of two products, and we are comprehensively sorting out other products. (First Finance)

The net profit attributable to the parent company of Guangzhou Restaurant in the first three quarters increased by 23.41%

In the first three quarters of this year, the revenue and profit of Guangzhou Restaurant increased, realizing a total operating revenue of 3.016 billion yuan, a year-on-year increase of 17.69%; The net profit attributable to the parent company was 444 million yuan, a year-on-year increase of 23.41%. (company announcement)

Chinese health snack brand “tipsyou” completed tens of millions of angel round financing

The Chinese health snack brand “tipsyou” has completed a ten million Angel round of financing, which is not disclosed by the investor. This round of financing will be used for technology R & D, industrial chain integration, market development and team building. Founded in 2020, “tipsyou” is a Chinese health snack brand built around herbal formula. Its founder Zhou Zhenyang once founded the Pu’er tea brand “Prince and mountain”. (36 krypton)

12 infant formula milk powder product formula registration approval (decision) to be received


Yesterday, the food evaluation center of the State Administration of Market Supervision issued the approval (decision) to be received, involving the approval (decision) to be received for the formula registration of 12 infant formula milk powder products. The details are as follows: (State Administration of market supervision)

Danone successfully issued 700 million euro bonds


Today, Danone announced that it had issued 700 million euros of bonds with a term of 9 years and a coupon of 0.52%. This issue will enable Danone to make further use of the market window, enhance financing flexibility and extend the debt maturity. The bond is expected to settle on November 9, 2021. Danone also said that the bond issuance was widely recognized by diversified investors, which confirmed the high trust in Danone’s business model and credit status. Danone is rated BBB +, S & P and baa1 by Moody’s. (issued by the company)

Coca Cola’s first 100% plant-based beverage bottle unveiled

Recently, Coca Cola unveiled its first 100% plant-based plastic beverage bottle (except bottle cap and label). The latter is made of plant p-xylene (BPX) and corn sugar, and about 900 prototype bottles have been produced. (Foodbev)



Quick reading of food industry information

 


State grain storage Bureau: the annual harvest is a foregone conclusion

The relevant person in charge of the State Food and material reserve bureau said today that China’s autumn grain harvest is coming to an end, the annual harvest is a foregone conclusion, and the output will remain above 1.3 trillion kg for seven consecutive years. At present, the total inventory is sufficient, at a historical high, and the supply of domestic grain market is completely guaranteed. (Global Times)

The regional comprehensive economic partnership agreement will enter into force on 1 January 2022

On November 2, the ASEAN Secretariat, the custodian of the regional comprehensive economic partnership agreement (RCEP), issued a notice announcing that six ASEAN member states including Brunei, Cambodia, Laos, Singapore, Thailand and Vietnam and four non ASEAN member states including China, Japan, New Zealand and Australia have formally submitted their approval documents to the ASEAN secretary general, meeting the threshold for the entry into force of the agreement. According to the agreement, RCEP will enter into force for the above ten countries on January 1, 2022. (Ministry of Commerce)

Guangzhou will build commodity futures delivery center


Yesterday, Guangzhou announced that it would build a Guangzhou Commodity Futures Delivery Center. In combination with the industrial demand of Guangdong, Hong Kong and Macao Bay area, guide entity enterprises to build commodity futures delivery warehouse and extend the futures industry chain. Encourage and support qualified spot enterprises in Guangzhou to apply for the establishment of bonded delivery warehouses with major commodity futures exchanges across the country. Encourage global suppliers and wholesalers to participate in the market transactions of the delivery warehouse, and cultivate commodity dealers with combined operation of futures and cash. Support the development of warehousing and logistics industries related to futures delivery, adopt modern warehousing management technology, improve transportation efficiency and realize a virtuous circle of the industry. (Guangzhou Daily)

Hot market of prefabricated vegetables


In recent years, “Kwai Fu” is becoming more and more popular among consumers, and the prefab industry is booming. In an interview with CCTV, Guangdong Zhaoqing Hengxing Aquatic Technology Co., Ltd. said that the goods produced in these two days will be loaded and transported immediately, and many cars are waiting in line to pull the goods. This year’s sales have doubled over last year, and the daily sales have reached more than 100000 copies. According to the report of China Commercial Industry Research Institute, if estimated at a compound growth rate of 20% per year, China’s Prefabricated vegetable market may exceed trillion yuan in the next 6-7 years. In the long run, the scale of China’s Prefabricated vegetable industry is expected to reach 3 trillion yuan. Attracted by the broad market space, enterprises and scientific research institutions are gradually increasing the development of prefabricated dishes. (CCTV Finance)

Involving issues such as obtaining authority beyond the scope, 38 illegal apps such as xiaohongshu were notified by the Ministry of industry and information technology

According to the Ministry of industry and information technology today, recently, 38 apps (see the annex for details) were found to have problems in terms of violations such as over range and high-frequency permission requests of apps strongly reflected by users, collection of users’ personal information necessary for non service scenarios, deception and misleading users to download. The above app shall be rectified before November 9. (website of the Ministry of industry and information technology)



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