Food & Agribusiness Talking Points | 24/11/2016

Food&AgriTPBIn today’s talking points: China’s Vice Premier promotes new types of agribusiness; CHAFTA significantly contributes into China-Australia agricultural ties; China is on a mission to modernise African farming; Jollibee buys remaining 30% in Happy Bee Foods.

China’s Vice Premier promotes new types of agribusiness

Wang Yang, China’s Vice Premier, said the government will enhance policy support for new forms of agribusiness to boost rural economy. “Large-scale agricultural operations in new forms will lead agricultural modernization,” Wang Yang stated when addressing a meeting held last week in Huzhou, East China’s Zhejiang province. The meeting raised discussions on cultivating new types of agribusiness and increasing the scale of agricultural operations. The Vice Premier proposed promoting the development of family farms, large and specialised agricultural operations, farming cooperatives and other emerging forms of agribusiness.

Read more at China Daily

CHAFTA significantly contributes into China-Australia agricultural ties

Australia’s Deputy Prime Minister and Minister for Agriculture and Water Resources, Barnaby Joyce, said the Australia-China Agricultural Cooperation Agreement (ACACA) signed under China-Australia Free Trade Agreement (CHAFTA), highlighted the tremendous benefits of exporting Australian products to China, particularly in the agriculture industry reaching $12.6 billion in 2015-16. “ACAA is all about building on that trade, exchanging skills and information and promoting solid cooperation between our two nations,” Minister Joyce said. The CHAFTA, signed on 20 December 2015, is already delivering considerable benefits to Australian and Chinese agricultural and food companies. The agreement eliminates tariffs on key commodities such as beef, wine, seafood and etc.

Read more at Einnews

China is on a mission to modernise African farming

The agricultural technology demonstration centres or ADTCs is one of China’s most prominent aid projects in Africa. Its mission is to modernise African farming whilst also finding new markets for Chinese companies. At the China-Rwanda ATDC, Chinese agronomists teach local farmers the hidden benefits of mushrooms. ‘The goal is to share 30 years of Chinese achievements and success in agricultural reforms with African countries.” says the Director of the China-Rwanda ADTC. There are now 23 ADTC centres across Africa. Chinese commitments to African agriculture is growing, with an almost five-fold increase between 2000 to 2013 according to estimates.

Read more at Quartz 

Jollibee buys remaining 30% in Happy Bee Foods

Jollibee Foods Corp. has acquired the remaining 30% equity in Happy Bee Foods Processing Pte. Ltd. Jollibee noted that “The objectives of the acquisition of the 30 percent ownership of Happy Bee, which gave JFC 100 percent ownership of the food processing facility, are to enable JFC ‎to concentrate on supporting the growth of its Yonghe King business and on further improving its food quality and increasing the assurance of its food safety,”. Government and other regulatory approvals had been confirmed by the PRC with JWPL now owning 100% of Happy Bee Anhui in China.

Read more at GMA News