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Exploring New Growth Opportunities in China's Dairy Market Slowdown In China, dairy sales across all channels declined by 2.4% year-on-year (YoY) in 2023 and by 3.1% YoY in Q1 2024. Amidst fierce competition in a sluggish market, it is crucial for dairy enterprises to seek new growth opportunities.
NEWS
Australia and New Zealand Change the Regulatory Requirements for Infant Formula Products On June 13, 2024, Food Standards Australia New Zealand (FSANZ) announced the approval of P1028 – Infant Formula, making significant amendments to the Australia New Zealand Food Standards Code (the Code). This approval mainly introduces new product category, composition, and labelling of infant formula products. Food ministers are notified of the approval. If no review is requested within 60 days, the Code will be amended accordingly. The changes will take effect upon gazettal, with a five-year transition period granted by FSANZ.
NEWS
EU Moves to Ban Bisphenol A in Food Contact Materials As revealed by the Commission, EU Member States have endorsed a proposal from the Commission to ban Bisphenol A (BPA) in food contact materials.
NEWS
[Updated] Australia Updates Listed Medicine Ingredients, Affecting Health Supplements On June 14, 2024, Therapeutic Goods Administration (TGA) of Australia published a notice to announce the issuance of Therapeutic Goods (Permissible Ingredients) Determination (No. 2) 2024, replacing the previous instrument. Major changes involve the addition of 5 new ingredients and the revision of requirements for 4 ingredients. The new determination took effect on June 14, 2024.
NEWS
China Opens Anti-Dumping Probe into EU Pork Amid Trade Tensions, Dairy Rumors Follow On June 17, 2024, China Ministry of Commerce (MOC) issued a notification, announcing to launch anti-dumping investigations into pork and pig by-products imported from the EU. This decision is perceived as a retaliatory response to the EU’s recent imposition of anti-subsidy duties on Chinese electric vehicles. The investigation is expected to conclude by June 17, 2025, with a possible extension of six months if necessary.
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Anne Peng Food Consultant at Reach24H Consulting Group
Jerry Wang ChemLinked Regulatory Analyst
Lennie Tao ChemLinked Regulatory Analyst
Yilia Ye ChemLinked Regulatory Analyst
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