Top-level trade missions have converged on Gulfood 2019 from 198 countries to highlight the quality and diversity of their products to feed the region’s needs. The Gulfood Global Industry Outlook Report 2019, complied by Euromonitor International, which is officially released at the show, forecasts F&B sales in the Middle East & North Africa (MENA) region will rise from USD145.4 billion in 2018 to USD171.2 billion by 2023 at a Compound Annual Growth Rate (CAGR) of 3.33 per cent.
The investment fund L Catterton added its second winery in Argentina. After closing an agreement with Luigi Bosca, he now made an investment to become a partner of Susana Balbo Wines, the family business founded by Susana Balbo.
Argentina reaches deal at G20 to export cherries to China, with pork and honey negotiations in works
The food and beverage industry in Mendoza counts with a wide availability of quality raw materials, permanent stock of supplies and competitive transport and logistics costs.
The organism participated in the California Business Wine Tour, which was held in June and organizes, by May next year, a meeting in which the opportunities offered by the province to this sector of the market will be announced.