Category: <span>Food & Agri</span>

Chinese soybean imports are on the rise This year’s February rates of Chinese soybean imports have smashed expectations, with imports coming in at 4.51m tonnes from the world’s largest soybean purchaser. This 6% rise, based on year-on-year comparisons, is leading some to suggest that there may be an optimistic recovery on the books for China …

Chinese cotton demand up again after seven years China’s cotton consumption is predicted to begin rising, after a six year decline. The US Department of Agriculture predicted Chinese consumption to increase by 1m bales over the next year, bringing total demand to 33.0m bales. This comes as a nice change for the consumption levels, which …

China makes largest foreign purchase with $43billion bid for Swiss Syngenta State-owned ChemChina agreed a $43billion bid for Swiss seeds and pesticides group Syngenta on Wednesday. This move comes as a set-back to US firm Monsanto which failed to buy Syngenta last year. The purchase of Syngenta should precede a major improvement of China’s potential …

Bargaining power pork-barrel Accusations of pork-barrelling have erupted over the Coalition government’s delivery of a $13.8 million federal program to try and enhance farmers’ collective bargaining powers in agricultural supply chains. Labor attacked the government for “deviating” from its original plan in a move they say aims to deliver political benefits for the Page electorate …

Global pork prices to hit 10 year lows Sufficient supply and modest demand development means the Rabobank five-nation hog index will reach 10 year lows in the first 3 months of 2016. Chinese demand is expected to rise in 2016, however with the Russian pork industry picking up and exports from the US and Brazil …

Chinese cotton imports fall China’s cotton imports fell by 29 per cent this year, causing concerns that the Chinese government is trying to reduce its cotton stockpiles. That left the calendar year of 2015 at 1.48 million tonnes, and cotton merchant Plexus said imports could drop as low as 1 million tonnes for the year …

CBH posts profit despite trading loss CBH posted a profit of $82.7 million AUD despite incurring a loss of $16.7m AUD in its marketing and trading operations. Chairman Wally Newman noted the board’s investment of $177.4m AUD in capital expenditure and maintenance of the network, as well as the launch of CBH Fertiliser and the …

Bindaree Beef a hit in China Last month Bindaree Beef with its meat and sales marketing business, Sanger Australia joined forces with JD.com, China’s largest online direct sales company to sell their ‘First Cut Pure Australian Beef’ to China. JD.com received more than 2000 comments since its launch with Chinese customers loving the product. 4.3 …

Exports to Korea Rise Exports to Korea have risen as tariffs have fallen with the next stage of the Korea-Australia Free Trade Agreement taking force. Exports of fresh cherries have risen five thousand per cent following the January first cuts. Fresh, chilled and frozen beef is one of Australia’s largest exports to Korea worth some …

21-12-15 American Avian Flu Affecting Exports to China Sanderson Farms, the third largest poultry supplier in the US has seen profits crash by 71% on the back of an import ban from China. The US has seen an import ban on poultry put in place this year after an outbreak of the Avian Influenza virus. …