In today’s Talking Points: Australian commodities bureau Abares lowers forecasts for milk powder, cheese and butter prices due to slowing demand from China; property developer Shanghai CRED to renew bid for Australia’s largest cattle company Kidman & Co post-election; Brazil and Uruguay overtake Australia as China’s biggest beef supplier; SunRice shifts gears to online sales and offshore suppliers …
Food & Agribusiness Talking Points 17-05-2016
In today’s Talking Points: Soybean-meal futures booming on the Dalian Commodities Exchange, three-month contracts up 40 percent; Fonterra to launch Tip Top Ice Creams in China using online retailing; China’s largest grain trader COFCO announces major global expansion targets, plans to source 50 million tons of wheat overseas by 2020; and China expanding relationship with FAO to further …
Food & Agribusiness Talking Points 31-05-2016
Big rise in pork consumption boosts livestock fodder industry in the country China’s increasing demand for meat has greatly benefited the country’s largest animal-feed providers. The shift to meat boosted demand for domestic feed and turned China into the world’s biggest animal feedmaker, the country breeds and eats more pigs than anywhere else on the …
Food & Agribusiness Talking Points 20-05-2016
Kazakhstan to inherit 1.9 billion U.S dollars from China to improve food Chinese companies are set to invest up to 1.9 billion U.S dollars into the Kazakh food processions industry. The money will be funneled into specific food categories such as “tomato, chicken and meat processing plants”. Kazakhstan is eager to welcome this investment, seeing …
Food & Agribusiness Talking Points 11-05-2016
Food Safety regulations emphasised by top legislator Zhang Dejiang, chairman of the Standing Committee of the National People’s Congress has sworn to crack down toughly on companies that violate food and safety regulations as well as government departments that fail to carry out their supervisory responsibilities. The speech was made by Zhang in the China’s Inner Mongolia …
Food & Agribusiness Talking Points 29-04-2016
China still faces big food supply shortfall 中国仍然面临着巨大的粮食供应短缺 According to Ren Zhengxiao, head of the State Administration of Grain, China’s food situation is ‘alarming’ despite year-on-year increases in harvest yields. Currently, China has a 9.9 million tonne deficit regarding gain produced and consumed annually. China’s food security is being hampered by its rising population and …
Food and Agribusiness Talking Points 21-04-2016
Italy to boost wine sales in China on Alibaba Alibaba and Italy have outlined their intentions to boost the share of Italian wine sold on the Chinese e-commerce network 10-fold as a part of a wider move to increase Italian wine exports to China. Currently Italian wines sold in China lag behind their French and …
Food & Agribusiness Talking Points 12-04-2016
Agribusiness stocks falter due to trade regulation confusion Following confusion surrounding the new Chinese rules regulating cross-border e-commerce Australian agribusiness stocks have been pounded by investors, with stocks sinking 13.2 percent to $176.96 yesterday. Companies impacted by the changes, however, say they do not expect a significant hit to their businesses in the long-term. The …
Food and Agribusiness Talking Points 28-03-2016
Agricultural Cooperaiton and the ‘One Belt One Road’ initiative The conclusion of the Seminar on Agriculture Cooperation under One Belt One Road Strategy has highlighted significant opportunities for the Agricultural sector along the New Silk Road Economic Belt, with China’s agricultural cooperation with foreign countries set to develop rapidly over the next few years. According …
Food and Agribusiness Talking Points, 21-03-2016
China police continue crackdown on beef smuggling US$32.6 million worth of beef produced has been smuggled into China in order to avoid customs duty and tax on this lucrative commodity. Apparently 6,000 tonnes of beef have come into China surpassing any controls over the quality of the meat and standards set by food standards agencies …