CHINA - China’s beef production will increase by 1% in 2018 to 7.4 million metric tonnes (MMT), with its appetite for beef forecast to grow by 3% to 8.4 MMT, outpacing demand and leading to higher imports, according to a USDA report. China recently approved several new suppliers, most notably the United States, to help…
ASIA - CITIC Agri Fund Management Co Ltd, the private equity arm of CITIC Securities Company Limited has acquired a 25.18% stake in an investment holding firm, Ausnutria Dairy Corp. for US$250million to become the company’s largest shareholder. In a filing to the stock exchange reported by Reuters, Ausnutria said that CITIC Group Corp Ltd,…
SWITZERLAND – Firmenich, the world’s largest privately-owned company in the fragrance and flavor business, has officially started the construction of its new world-class manufacturing facility dedicated to flavors in Zhangjiagang, China. The symbolic ground-breaking ceremony was attended by local dignitaries and authorities, including the Secretary of Communist Party of China of Zhang Jia Gang city.…
USA - The US Dairy Export Council (USDEC) in collaboration with Jiangnan University have signed a memorandum of understanding (MoU) to enhance growth of US dairy export in China. The agreement, signed on March 30, opens new opportunities geared at benefiting both the China and US economy. China presents a large dairy and infant formula…
CHINA - China’s State Council Tariff Committee (SCTC) has announced additional tariffs on selected US products set to impact roughly US$2 billion in U.S. food and agricultural exports, cites USDA. Despite the fact that it affects most food products, dairy remains unaffected after the US Dairy Export Council signed a new agreement on March 30…
CHINA - Danish Crown, through its subsidiary DAT-Schaub has acquired majority stake in Shanghai Natural Casing Company as it seeks to increase its activities in China in processing natural casings for sausage and salami production. This expands the capacity of DAT-Schaub in becoming a global leader in the selecting and processing of natural casings from…
ASIA - China’s bottle water growth is hindered by market saturation while retail volume sales continue to decline, according to the London-based market research firm, Mintel. According to the research, China’s bottled water sales volume growth fell from 5% in 2015 to 4.2% in 2017, and is predicted to fall further to 2.8% by 2021.…
CHINA – British ingredients supplier Tate & Lyle has doubled the size of its food application laboratory in Shanghai, China by adding new customer-facing facilities in order to enhance capabilities in novel ingredients for the food and beverage sector. The company says that to ensure that it meets the growing demand for healthier, as well…
USA - Syngenta has agreed to pay more than US$1.5 billion to American farmers following a lawsuit over its decision to commercialize a genetically modified (GMO) strain of corn before China approved importing it. In what World Grain refers to be one of the largest agricultural settlements in U.S. history, the deal covers U.S. corn…
CHINA - China Resources Beer (Holdings) Co Ltd is in talks to acquire Heineken NV’s China business in a deal that could be worth more than $1 billion, as the country’s largest brewer seeks new growth from premium brands, five people close to the discussions said. The negotiations come as global beer giants such as…
