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Food & Agriculture Companies

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China’s Largest Food Processor & Supplier, COFCO, is Spread Too Thin with Property Interests

China National Cereals, Oils and Foodstuffs Corp (COFCO), the mainland’s largest processor and supplier of agricultural products, plans to transfer ownership of its mainland real estate assets onto the struggling Hong Kong-listed property firm it purchased over the summer, COFCO chairman Ning Gaoning told the media earlier this month. COFCO is just one of the

British Columbia Optimistic Chinese Imports of Soft-Wood Lumber to Increase in 2013

China’s import of soft-wood lumber from British Columbia is down this year but demand should begin to accelerate by the end of 2013 as the world’s most populated country continues to build millions of homes to accommodate massive urbanization, an industry analyst said Wednesday. B.C. exported 5.4 million cubic meters of softwood lumber during the

China’s Top Online Store Introduces Special Promotion to Sell American Foods Directly to Chinese Consumers

China’s top online store, Tmall, is trying out a special promotion that will see American foods sold directly by US firms to Chinese consumers. This is running through to January 15th, allowing shoppers on Alibaba’s Tmall to buy products like Alaskan flounder fish or fresh salmon, Hawaiian macadamia nuts, and Pepperidge Farm cookies. The promotion

Australian Retailers Running Out of Popular Baby Formula due to Increased Purchases by Chinese Costumers

Australian supermarkets and pharmacies were running out of popular baby formula on Thursday after unprecedented sales reportedly due to Chinese customers trying to secure supplies. Nutricia, supplier of top-selling formula brand Karicare, said there had been a sudden surge in demand for its products which had seen stocks plummet and left shelves empty. Major supermarket