In today’s talking points: Australian chilled beef making moves in the China market, China to further integrate Internet technologies to develop agriculture, Recommendations from 10 year study is adopted by 21 million farmers across China, State-owned food giant COFCO plans to continue with its expansion into global markets
Australian chilled beef making moves in the China market
Presently China is Australia’s 5th largest export destination for chilled beef, making up 5% total Australian beef exports by volume but 9% by value. Of the 6558 tonnes of chilled beef imported into China, 90% is supplied by Australia at 6045 tonnes. It’s sold at a higher average unit price, 21% above the average for Australia’s combined global markets — $12.94 compared to $10.69. Austrade’s David Jamieson affirmed, “As regional airports have opened up that can supply chilled beef directly to China, that has provided a real opportunity,”
Read More: The Weekly Times
China to further integrate Internet technologies to develop agriculture
According to a government work report released by Li Keqiang, China’s ‘Internet Plus’ policy will be used to boost agricultural development as well as rural incomes. Potential technologies on the table include cloud computing and even big data into all aspects of the economy, inclusive of agriculture.
Read More: ChinaDaily
Recommendations from 10 year study is adopted by 21 million farmers across China.
Chinese farmers typically use 4 times more nitrogen than the global average, which has yielded adverse consequences for the environment. In a sustainability study conducted by China Agricultural University, scientists tested how yield varied with different inputs. This information was then used to provide tailored advice for farmers based on their location and conditions on the farm. The study has thus far saved farmers $12.2 Billion.
Read More: Inhabitat
State-owned food giant COFCO plans to continue with its expansion into global markets
Despite some trouble with recent acquisitions, CEO Jingtao Chi reiterated his desire for COFCO to play a role in meeting the massive demand from South East Asia and the Middle East for agricultural commodities. Mr Chi stated that China will still continue to be their largest market, however they want to create a challenge to big league players such as “Archer Daniels, Bunge, Cargill, Glencore and Louis Dreyfus Commodities.” The acquisition of Dutch Trader Nideria, gave COFCO access to Brazil and Argentina and allows them to continue to develop their presence in South America, North America and the Black Sea Region.
Read More: Flourish