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Indonesian Food Company Acquires Stake in Chinese Vegetable Processor

PT Indofood Sukses Makmur Tbk [leading Indonesian food company] has agreed to acquire 14.9% stake in China Minzhong Food Corporation Limited (CMFC), a China-based fresh vegetable processor. Under an agreement signed by both companies, CMFC would issue 98 million new shares, of which 14.95% would be acquired by Indofood. At an average price of US$1.0159

China Estimates 35 Million Metric Tons of Grain is Wasted Every Year Due Primarily to Poor Storage

Despite consecutive years of bumper grain harvests, China still faces potential risks in ensuring grain security due to poor storage and huge waste, senior officials and experts warned. It is estimated that more than 35 million metric tons of grain are wasted every year in China in storage, transportation and processing, Ren Zhengxiao, head of

East China’s Shandong Province, China’s Largest Agricultural Trade Province, Recorded a Trade Deficit in the Sector for 2012

East China’s Shandong Province, China’s largest agricultural trade province saw a trade deficit in the sector for 2012, as exports declined while imports kept rising. Shandong’s exports of agricultural products fell by 2.3% year-on-year in 2012 to $15.02 billion, the largest decline since 2001 when China entered the WTO, Zhang Li, an official at Shandong

Chinese Apple Shippers from Tibet Can Now Directly Export to Larcha, Nepal

Chinese apples loaded in Khasa of Tibet can now directly reach to Nepal’s Larcha in Nepal-China border. The new arrangements have been made following a request from the Tatopani Customs Office of Nepal with the Chinese authorities, reports said Monday. “Both Nepalese and Chinese sides have agreed to allow Chinese apple carriers until Larcha in