On Aug 21, Shuanghe Farm of Beijing Capital Agribusiness Group started a production line that can process 300,000 ton of rice every year. This also signifies that Shuanghe Farm has a complete industry chain of breeding, germination, planting, storage, processing, and marketing. The farm, which is located in Gannan county of Heilongjiang province’s Qiqihar city, […]

China was the leading country in the import of farm products from Brazil in July, increasing its share of exports from the sector from 25.5 percent to 32.1 percent, said the Ministry of Agriculture. Figures from the Brazilian Foreign Agro-business Trade Statistics System (AgroStat), cited by the daily newspaper Estado de São Paulo, showed that […]

The Hershey Company has reported a net loss of nearly $100 million in the second quarter of this year after being hit by falling sales in China. The United States-based chocolate giant came up with a mixed bag of figures with net sales dropping slightly to $1.57 billion compared to the same period last year. […]

China’s salmon-lovers now have a home-grown option when it comes to their favorite fish, instead of relying on air-flown imports, as a Shandong fishery company is now catering to the booming market for salmon in China. Shandong Oriental Ocean Sci-Tech Co, the first in the country that brought Atlantic salmon eggs home for its nursery […]

China National Cereals, Oils and Foodstuffs Corp. (COFCO), the largest food group in China and the third biggest one in the world, has recently adjusted sugar business in its subsidiaries and gathered the business together in one company to avoid horizontal competition. Cofco Tunhe (600737.SH) said recently that the parent company, COFCO, planned to commission […]

Yum Brands Inc announced on Tuesday [18 August 2015] US time new leadership for its China division as investor activists lobby for the owner of the KFC and Pizza Hut brands to spin off that business, which is its biggest driver of revenue and profit. Yum said company veteran Micky Pant, 60, would replace retiring […]

The official statistics on fur production released in 2014 by the China Leather Industry Association is expected to facilitate the development of the country’s fur farming industry. The latest report released by China Leather Industry Association shows that the production of mink, fox and raccoon pelts soared in 2014, with 60 million mink pelts, 13 […]

Overview The stock exchanges of Shanghai, Shenzhen, and Hong Kong plummeted from June 12 to July 8 after months of growth. Among the 51 Chinese agricultural enterprises that were analyzed, meat, animal feed, and crop seed stocks suffered the worst losses while retail (e.g. supermarket, hypermarket) stocks performed the best during the crisis. Starting on […]

PepsiCo announced during a press conference in Beijing on August 14 that it has signed an agreement with leading online direct sales company JD.com Inc (JD) to sell Quaker High Fiber Oats Dairy Drink, its first premium dairy product in China, on JD’s e-commerce platform. It is PepsiCo’s first launch of a new product exclusively […]

China will resume levying value-added tax on fertilizer sales and imports to meet new market conditions, according to a joint ministry statement on Tuesday [11 August 2015]. The VAT taxation rate stands at 13 percent and the new rule will take place starting from September 1, according to the statement released by the Ministry of […]

Chilean agricultural exports to China this year are going quite well, according to Rodrigo Contreras, an official with the Agriculture Ministry. Agricultural exports have grown nearly 3 percent in the first half of the year, Contreras told Xinhua, adding that end-of-year shipments should contribute to increasing the trade flows as Chinese demand continues. The Asian […]

Shandong province has launched a one-stop seafood e-commerce platform, as it moves to bring the traditional fishery industry online while upgrading trans-regional cold-chain logistics. Along with the B2B e-commerce site chinaaquatic.cn, authorities kicked off a week-long seafood sales campaign on Saturday [15 August 2015] in Rongcheng city, Shandong province…Full Article: ECNS.cn Aug 2015 Key Points […]