While the US just celebrated national ice cream day this past Sunday, the country is no longer the biggest market when it comes to the frozen dessert. According to researchers at Mintel, China has overtaken the US as the world’s biggest ice cream market for the first time.
As people around the globe join together to honor the World Food Day Thursday, the Famine Early Warning Systems Network anticipates a major food crisis will occur if the number of Ebola cases continues to rise.
The global demand for milk is expected to surge by 36 percent in the next decade, overtaking supply which will require producers in developed and emerging dairy markets to take on a balancing act to ensure sustainable success, according to the 7th Dairy Index released by Tetra Pak.
The global soft drink market increased by less than 2 percent in 2013 to $937 billion, but Chinese brands and Red Bull are on the rise, according to the latest data and analysis from market researcher Canadean.
Members of USDA, Congress and President Barack Obama joined African heads of state and government leaders this week for the first-ever African Leaders summit to determine ways that would enhance trade between the US and Africa.
As the price of milk reached record highs earlier this year, dairy exporter Fonterra announced it expects a sharp decline in cost saying there is more milk available for the international market to absorb.