China Development Fund to co-finance US$100m cocoa processing plant in Ghana

GHANA – The Ghana Cocoa Board (COCOBOD) has entered into a public private partnership with the China Development Fund and Genertec International Corporation to establish a cocoa processing plant at Sefwi Wiawso, Western region Ghana […]

Mengniu Dairy offers to acquire infant formula producer Bellamy’s for US$1bn

CHINA – Mengniu Dairy one of China’s largest dairy companies has offered to acquire Australia’s leading organic infant formula producer, Bellamy’s for approximately AUS1.5 billion ($1 billion). Bellamy’s said its board has unanimously recommended shareholders […]

China grants six month transition period for new pet food labels

CHINA – The Chinese Ministry of Agriculture and Rural Affairs (MARA) has issued an additional six months transition period for domestic and foreign pet food producers to transition to new labels as per the new […]

AB InBev Asian business resumes plans of Hong Kong listing

ASIA – World’s largest brewer, Anheuser-Busch InBev has resumed plans of listing its Asia Pacific business in Hong Kong, two months after back tracking from the planned initial public offering (IPO). AB InBeV now says […]

China reaches soymeal import deal with Argentina as trade talks near

ARGENTINA – The world’s top soymeal producer by volume, Argentina has reached an agreement to export the product to China, marking the first soymeal shipment that Argentina has made to China. According to a report […]

Chinese eCommerce giant Alibaba set for a new era as Jack Ma departs

CHINA – The Chinese eCommerce giant, Alibaba Group is set to embrace a new chapter in the company’s management following the departure of its high profile founder, Jack Ma. Jack Ma, who is leaving the […]

Yili posts strong half-year results as its global expansion gains momentum

CHINA – Yili Group, a state-owned Chinese dairy company, posted net profit of RMB 3.8bn (US$505 million) during its first half of 2019, supported by continuous expansion in Southeast Asia. Yili’s global operating revenue grew […]

Pernod Ricard breaks ground on new US$150m whisky distillery in China

CHINA – French spirits and wine group, Pernod Ricard has initiated construction of a malt whisky distillery in Emeishan, Sichuan in China that will see the company invest US$150 million over the next ten years. […]

Kenya in talks with China over speciality tea export deal valued at US$67.75m

KENYA – The government of Kenya, through the Ministry of Agriculture is in negotiations with tea buyers from China as the two parties seek to close a three-year speciality tea export deal valued at US$67.75 […]