Ecommerce company Alibaba acquires controlling stake in Sun Art Retail Group
CHINA – Alibaba, an ecommerce giant, has agreed to acquire a controlling stake in Chinese…
China
Fonterra set to sell its farms in China to local companies for US$369m to reduce debt
CHINA – Fonterra has agreed to offload its farms in China to a series of…
China suspends import from USA’s OK Foods poultry plant due to corona virus cases reports
CHINA – China, the world’s top meat importer, has suspended imports from an OK Foods…
Asia bans imports of pork from Germany over fears of African swine fever
GERMANY – Germany’s pork producers have been cut off from key Asian markets after a…
China emerges as potential key market for Kenya’s black tea
KENYA – Kenya is working on reducing the huge trade deficit with China by securing…
China tops with 8.733 million metric tons in grain purchase as marketing year officially starts
CHINA – China becomes the largest buyer of corn and sorghum from USA after it…
Nestle makes additional US$58m investment in China to promote sustainable agriculture
CHINA – Nestle has announced that it will be investing a further CHF 53 million…
Bottled water company Nongfu Springs raises over US$1bn in its initial public offering
CHINA – Nongfu Spring, a bottled water company, has raised more than US$1 billion in…
China’s soybean production to reach 18MMT in 2020/2021 as demand rises
CHINA – Soybean production in China is forecasted to be 18 million metric tons (MMT)…
Plant based meat producer Beyond Meat set to build two production facilities in China
CHINA – Beyond Meat Inc., a U.S. plant-based meat substitutes producer, has signed a deal…
DuPont launches new dairy cultures, probiotic formulations in China
CHINA – DuPont Nutrition & Biosciences (DuPont), a Danish bio-based company, has launched a series…
China seeks for soybean industry alliance with Russia strengthening cooperation
CHINA – The world’s largest soybean consumer, China has proposed a “soybean industry alliance” with…
China Mengniu Dairy Company drops interest in acquiring Lion’s Dairy & Drinks
AUSTRALIA – The proposed sale of Lion’s Dairy & Drinks business to China Mengniu Dairy Company has…
Diplomatic tension set to bar China-Australia dairy purchase deal
AUSTRALIA – The government of Australia is on the verge of blocking China Mengniu Dairy’s…
China opens first African cocoa trading center to meet rising demand
GHANA – An African cocoa trading center has been opened in Hunan Province, Central China…
Coca-Cola expands China’s production capacity with US$75.3m investment
CHINA – Coca-Cola China and its bottling partners have invested a total of 520 million…
Dairy co-operative Fonterra appoints Teh-han Chow as Chief Executive Officer of Greater China
CHINA – Fonterra, multinational dairy co-operative, has confirmed the appointment of Teh-han Chow to the role of Chief Executive…
California Haas avocado access the Chinese market despite dwindling demand due to COVID-19
CHINA – As part of the U.S.-China Economic and Trade Agreement (ETA), California-grown Hass avocados…
China based agro-allied business COFCO partners with IFC to establish sustainable soy value chain in Brazil
BRAZIL – Chinese agribusiness company, COFCO International has partnered with the International Finance Corporation (IFC),…
Danone invests US$114.3m in China strengthening its specialized nutrition offering
CHINA – Danone, a multinational food-products corporation has announced a series of investment totalling around…
New global agtech leader: Syngenta AG, ADAMA, Sinochem consolidate operations
SWITZERLAND – Syngenta Group Co. has announced the official launch of Syngenta Group, a new…
US Trade Commission supports importation of duty-free glass packaging from China
USA – The U.S. International Trade Commission (ITC) has ruled in favour of Chinese exporters…
Lesaffre acquires majority stake in the Chinese company Biohymn Biotechnology
CHINA – Lesaffre, the French multi-national player in yeasts and fermentation, has acquired a majority…
IMCD appoints Andreas Igerl as new head of its Chinese business
CHINA – IMCD China, a subsidiary of Dutch distributor of speciality chemicals and food ingredients,…