US and China ease tariff war with a ‘90-days ceasefire’ period

USA – China and the United States of America have agreed to ease their stances in a bid to avoid escalation of tariff war that has since negatively impacted the nations’ agricultural and other trade. Following the meeting between U.S. President Donald Trump and Chinese President Xi Jinping, the two leaders agreed to withdraw some…

Chinese dairy group Yili buys Thai ice cream maker Chomthana

ASIA – Yili Group, state-owned company of dairy industry in China has acquired Chomthana, Thailand's leading ice cream and frozen foods manufacturer to expand its operations in Southeast Asia. Chomthana, which has more than 37 years of experience and exports its products to 13 foreign markets, sells a range of ice cream products, ice lollies…

SA’s largest feedlot looks to China for booming exports trade

SOUTH AFRICA (Bloomberg News)- The world’s largest cattle feedlot is expanding South African beef exports beyond the Middle East to take advantage of surging demand in China and other Asian markets. Karan Beef’s feedlot, south of Johannesburg, is emblematic of a push by South African agriculture to boost exports of more niche products, ranging from…

China to boost Tanzania’s cashew sector with a new processing facility

TANZANIA - Tanzania is set to benefit from a Chinese cashew processing plant to be opened at the Chinese Sunshine Industry in Mtwara region, reports AllAfrica. The plant will have a capacity of processing 5,000 tonnes of cashew nuts per year. Mr Joseph Kakunda, the Minister for Industry, Trade and Investment in the country said…

Danish fruit-drinks maker CO-RO buys majority stake in Chinese JKD

CHINA – Co-Ro Food, a leading manufacturer of fruit-based non-carbonated soft drinks based in Denmark has acquired the majority shareholding in Golden Creation Trade Co. Limited, trading as JKD for an undisclosed sum. The company said the acquisition reinforces its market position in China and is expected to generate a 30% growth rate in 2019…

Heineken finalizes US$3b merger deal with China’s top brewer CR Beer

CHINA - The global brewer and distributor of beer and cider, Heineken N.V has announced that it has completed the US$3 billion deal to merge its Chinese operations with the country’s top brewer China Resources Beer. The deal gives Dutch company a 40% stake in the holding company that controls RC Beer and allows it…

China’s Vitasoy invests US$154m in a new production facility in Guangdong

CHINA - Vitasoy International Holdings Limited has said that it will invest US$154 million (HKD1.21 billion) in a new manufacturing plant in Changping, Guangdong, China. The investment will include the price for land use right and the estimated cost of construction and production equipment of the new plant. Set to be completed in 2021, the…

Jubilant begins test-run of Chinese fast food venture, Chinese Kitchen

CHINA – Jubilant FoodWorks, the operator of Domino’s Pizza and Dunkin’ Donuts in India has begun test runs of a Chinese fast food venture, whose working name is said to be said to be Chinese Kitchen. According to ET Retail report which cites two people familiar with the matter, the business is the firm’s first…

Government of Zambia launches export of organic honey to China

ZAMBIA - The government of Zambia has officially launched the export of organic honey to China by flagging off the first consignment of 3.4 tons of organic honey worth US$34,000. The honey was processed by Mpundu World Honey Limited in Kabwe, Central Province. During the launch, Fisheries and Livestock Minister Kampamba Mulenga said the market…

Kenya’s President proposes import ban on fish from China

KENYA - President Uhuru Kenyatta has proposed a ban on fish imports from China, a move he noted was government’s efforts in benefiting the local fishing industry, reports the Nation. Speaking during the 2018 SMEs conference at Strathmore University, the President said imported fish was hurting the local market thus the need to ensure the…