Nebraska officials have helped load the state’s first shipment of beef to Shanghai, just two days after Washington reached agreements with Beijing on resuming U.S. beef exports, Nebraska governor’s office confirmed to Xinhua on Thursday [15 June 2017]. Nebraska Governor Pete Ricketts and Nebraska Department of Agriculture director Greg Ibach on Wednesday joined Greater Omaha Packing President Henry Davis to load the first box of beef from the state destined for China, the governor’s office said in a statement…Full Article: Xinhua June 2017
- Nebraska’s Greater Omaha Packing [founded 1920] was among the first US beef processors to receive export approval to mainland China. It will be the first time in 14 years that the company has supplied the Chinese market.
- As of May 2017, Chinese direct investments in Nebraska included USD 25 million in Worldlawn Power Equipment (lawnmower and farming equipment manufacturer) by Jiangsu World Group (Zhenjiang, Jiangsu Province) and USD 3 million in in shipping and logistics by Easyway International (Xi’an, Shaanxi Province). During the same month (May 2017), China and USA reached an agreement on beef exports (slated to begin in mid-July 2017).
- In 2016, China’s beef market reportedly had an 830,000 MT supply gap. During that year, roughly 600,000 MTs of beef (22% increase from 2015) was imported by China.
- In November 2016, Nebraska’s Preferred Popcorn signed a contract with China’s Zhong Liang Tian Run (ZLTR) Trading. ZLTR resells the shipments of bulk popcorn (flavors of salty, sweet, and semi-sweet) in 50-pound bags to Chinese movie theaters and ready-to-eat markets.
- In the fall of 2016, construction began on a demonstration Nebraska farm in Yangling, Shaanxi Province. Nebraska constructs 80% of the USA’s center pivot irrigation equipment.
Hong Kong Trends