Louis Dreyfus joint venture breaks ground on new aquafeed mill in China

CHINA - Louis Dreyfus Company B.V., through a joint venture with Guangdong HAID Group has started construction of a new aquafeed mill in Tianjin, China. The new mill will be built and operated by their joint venture, Tianjin Rongchuan Feed Co. Ltd. and will produce high-end aquatic feeds, including prawn feeds, as well as fermented…

Coca-Cola, PepsiCo, Danone among founding members of China Food Tech Hub

CHINA – China-based startup accelerator and venture capital firm Bits x Bites has launched the China Food Tech Hub, with Coca-Cola, PepsiCo, General Mills and Danone being among the ten founding members. Other members include Givaudan, Griffith Foods, Louis Dreyfus Company, Novozymes, Nutreco and Puratos. The hub will enhance collaboration with multinational consortium with an…

AB InBev’s ZX Ventures to expand low-alcohol craft beer offering in China

CHINA – ZX Ventures, global incubator and venture capital arm of AB InBev has unveiled intentions to expand its low-alcohol craft beer portfolio in China to capitalize on the country’s growing beer market. According to a FoodBev report, the innovation incubator launched in 2015 aims to explore the low- and no-alcohol craft beer category in…

Competition grows as South Africa focuses on Chinese US$105m avocado market

CHINA – The Chinese avocado market has in recent years attracted major African producing countries as they seek to gain a share in the highly valued US$105 million market. Most recently, the Agricultural Business Chamber (Agbiz) in South Africa’s said that the country’s avocado industry should focus on tapping into the growing Chinese market to…

Cargill to invest US$112m in corn processing plant in China

ASIA – Leading agribusiness company, Cargill has said that it will invest US$112 million at its corn processing facility in Songyuan, Jilin, China in capacity expansions. This is part of the joint initiative between Cargill and Songyuan government to build the Sino-US Cargill Biotech Industrial Park, featuring the Cargill Food Safety and Technology Center. The…

Diageo partners Jiangsu Yanghe Distillery to launch premium whiskey in China

ASIA – British multinational brewer, Diageo has formed a joint venture with Jiangsu Yanghe Distillery to launch a ‘new-to-world’ premium whisky in China. Called ‘Zhong Shi Ji’, the new whiskey brand was crafted by master blenders and distillers from Scotland and China to create what the companies refer to as “a premium taste of East…

Chinese firm to invest US$1.48m in new cashew nut processing plant in Tanzaina

TANZANIA – Yalin International, a Chinese firm, has unveiled plans of investing US$1.48 million (Tshs3.4bn) in setting up a new cashew nut processing plant in Tanzania. According to a report by Ipp Media, the plant will have a capacity of processing 27 metric tons of cashew nuts per day targeting to export the products to…

Tanzania eyes China’s US$105m avocado market as production increases

TANZANIA – The Tanzania Horticultural Association (Taha) has unveiled plans of expanding its market into China’s US$105 million as it seeks to tap the potential market for local growers amid increased production. Jacqueline Mkindi, chief executive, Tanzania Horticultural Association noted that there has been an increase in demand of the produce in Asia, specifically China,…

Chinese firm to invest US$6m in a new plastic bottle recycling plant in Kenya

KENYA - Weeco Recycling Co., a Chinese plastic bottle recycling company, has unveiled plans of investing US$6 million (Kshs 600 million) in setting up a plastic bottle recycling plant in Mombasa to expand its operations in Kenya. Wang Zhangyin, director at Weeco said the investments at the Special Economic Zone (SEZ) in Mombasa will supplement…

China’s demand for oilseed increases despite Swine Fever concerns

USA – Demand for oilseed from China has increased bolstered by rising chicken, beef and aquaculture production despite the recent health concerns around the African swine fever (ASF) outbreak. According to Global Agricultural Information Network (GAIN) report from the Foreign Agricultural Service of the U.S. Department of Agriculture (USDA), this trend will see increase in…