China's instant noodle market expands, and the consumption of wheat and palm oil increases
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Last Update: 2008-11-03
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Source: Internet
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Author: User
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Introduction: according to Riqing Food Co., Ltd., the instant noodle market in China is increasing by 20% every year, consuming an amazing amount of wheat and palm oil At present, China is the largest instant noodle market in the world Ken Sasahara, President of the international branch of Nissin Food Co., Ltd., said his company's Chinese partner, Hebei Hualong Food Co., Ltd., plans to build five more instant noodle factories this year, aiming to make profits in the rapidly expanding market This week, Nissin said it would buy 33.4% of Hebei Hualong Food Co., Ltd Hualong Food Co., Ltd is also the second largest flour processing enterprise in China Industry officials estimate that about 70g of flour is needed for each pack of instant noodles, which means that China needs about 2 million tons of flour a year to meet the instant noodle market When asked about wheat procurement, Sasahara said that China is the largest wheat producer in the world, and they didn't import at all in the past, but given the speed of China's raw material consumption, China may continue to import wheat in the future After years of export, China began to appear in the international market as a major wheat importer in the past few months So far, it has ordered about 5 million tons of wheat from Canada, Australia and the United States
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