KENYA – Kenya has lifted the ban on fish imports from China as the country continues to experience increased demand that has caused fish shortage in the country, reports Business daily. The Department of Fisheries in the country, which imposed the ban last year after President Kenyatta issued a directive against importation of Chinese fish…
CHINA – Royal DSM has announced that it has agreed to increase its stake in a leading specialty ingredient manufacturer, Andre Pectin for a total consideration of about US$171.46 million (€150 million). The transaction raises DSM’s shareholding from the initial 29% to majority 75% in the Yantai based firm which produces apple and citrus pectin…
CHINA – GEA Group, the Dutch multinational equipment and process technology provider has secured the deal to build a new infant formula plant in China for Junlebao Dairy. GEA will be responsible for the plant design, project execution, installation, commissioning, and automation, with the facility set to be completed by the second quarter of 2020.…
ASIA – The French food corporative, Danone has ended operations at its Danone-Yili Beverage Company factory located in Huizhou to cope up with the changing trading conditions in the market. The company had ended the manufacturing and sales of its Yili bottled mineral water in China as a business restructuring strategy that will ensure its…
CHINA – China’s grain imports in December continued to drop as a result of the increasing disputes between traders and grain exporters who mostly hail in the United States. According to a Reuters report, imports of livestock feed grains, sorghum and barley declined, reflecting the impact of the trade dispute between the world’s top economies.…
ETHIOPIA – As a major coffee producer in Africa, Ethiopia, is seeking interventions to intensify coffee exports to China in a quest to supply the growing demand of the commodity in the East Asian nation. This comes as Ethiopian based coffee roastaries and cafes in China record good performance and significant growth arising from the…
CHINA - Luckin Coffee, a Chinese chain of coffee shops start-up, is aiming at opening 2,500 new stores in 2019 as it strategize to being the largest coffee chain by number of outlets. The company targets having more than 4,500 stores by the end of 2019 and overtake Starbucks as it seeks to dominate the…
SOUTH SUDAN – The Chinese government has donated US$7 million to the United Nations World Food Programme (WFP) to boost the agencies efforts in boosting food and nutrition aid in South Sudan. The funding will support the country in boosting food security in a country where drought and political climate has left approximately 5 million…
USA – China has purchased 300,000 metric tons of U.S. soybeans, the first major purchase made since the two world’s economic giants declared trade war in July this year. Based on the USDA estimates, the export sales of soybeans were delivered to China while 130,000 metric tons of soybeans were delivered to unknown destinations during…
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…
