China plans to cut its corn acreage by close to 670,000 hectares in 2016, an official with the Ministry of Agriculture said on Thursday [19 November 2015], as the country comes under mounting pressure to reduce its corn stocks. Pan Weibo, deputy director with the Department of Crop Production under the ministry, said the country […]

Dalian Commodity Exchange on Thursday [12 November 2015] signed agreements with eight food companies during the 10th China International Oils and Oilseeds Conference held in Guangzhou, south China. Under the agreements with China Grain Reserves Corporation, COFCO, etc., DCE will cooperate with the concerned partners on futures product development, institutional innovation, business training, and OTC […]

South African wine exports to China are increasing rapidly, having reached 11 million litres in 2014, authorities said on Friday [13 November 2015]. Since 1994, South African wine exports have grown from 50 million litres to 500 million litres globally. China is currently South Africa’s 6th largest export market for packaged wines by volume, said […]

Tyson Food Inc, the world’s largest supplier of poultry, beef and pork products, plans to spend at least 100 million yuan ($16 million) on promoting its brand in China next year. Bill Mayer, vice-president and general manager of Tyson China, said the 80-year-old company views the market as offering “phenomenal” potential. In July, Tyson revealed […]

Beverage behemoth Hangzhou Wahaha Group Co’s sales revenue is likely to fall another 10 percent in 2015, as the company struggles to maintain growth amid a slowing economy and changing consumer tastes, the China Business Journal reported on Saturday. If the newspaper’s report turns out to be correct, it will be the second straight year […]

A weaker-than-expected performance in China and Russia is forcing Carlsberg A/S, the world fourth-largest brewer, to axe 2,000 staff worldwide by 2018, around 15 percent of its workforce. According to Chief Executive Officer Cees’t Hart, cost-saving measures will affect its Chinese operations, including the closure of some factories. As part of its “business right-sizing” efforts, […]

KKR, a world leading investment institution, has made an investment in Guangdong Yuehai Feed Group, a large aquatic animal feed producer in China. The investment by KKR aims at expanding the business scale of Yuehai Feed Group and better fulfilling the demand of Chinese consumers for safe and healthy animal protein products…Full Article: Xinhua Finance […]

China National Chemical Corp is in talks to buy Swiss pesticide maker Syngenta AG in what would be the largest acquisition by a Chinese company of a European target, people with knowledge of the matter said. The State-owned ChemChina offered about 449 Swiss francs ($448) a share, which values Syngenta at about 41.7 billion francs, […]

Australia’s government will not allow sale of the nation’s largest cattle operation S. Kidman and Co. to a foreign buyer, saying it will be against the national interest. The privately own company said in April it was looking to sell its cattle operations, which hold an average herd of 185,000 head of cattle, in an […]

Dali Foods Group Co Ltd, a Chinese mainland snack and beverage producer, is planning to raise HK$10.4 billion ($1.34 billion) through an initial public offering in Hong Kong on Nov 20. The company, which sells “Daliyuan” cakes and “Copico” brand potato chips, is issuing 1.69 billion shares at HK$5 to HK$6.15 each. Following the IPO, […]

A court in Beijing has agreed to hear an unfair competition lawsuit launched by e-commerce firm against is accusing Tmall of exaggeration on some of its outdoor and newspaper ads in September that promised same-day delivery in Beijing. says only people living in certain parts of the city are eligible to […]

The United Kingdom has signed an up to 100 million pounds ($151 million) deal to export barley to China over the next five years, tapping into a fast-growing market for premium beer, a British minister said. China, home to a 486 billion yuan ($76 billion) beer market that is the world’s largest by volume, currently […]