CITIC and Longping High-Tech Agriculture Complete Acquisition of Dow’s Brazilian Corn Seed Assets

Citic Agri Fund has completed its $1.1 billion acquisition of some of Dow Chemical Co.’s Brazil agriculture assets, a move that has netted the company a significant chunk of the country’s huge agricultural sector…Full Article: Caixin Dec 2017 Key Point As a result of the acquisition, Citic Agri Fund now owns four Dow AgroSciences’ corn

Hong Kong Suspends Meat Imports from Brazilian Companies on Suspicion of Falsified Certificates

Hong Kong authorities on Thursday [21 September 2017] suspended meat imports from a Brazilian exporter and two producers on suspicions that health certificates had been falsified for 10 shipments of frozen chicken feet and livestock offal. Some shipments should have only been intended as pet food, Hong Kong’s Centre for Food Safety said in a

Food Safety Scandal Embroils Brazil’s Meatpacking Industry as China Suspends Imports and Hong Kong Issues a Recall

China and the European Union curtailed meat imports from Brazil on Monday [20 March 2017] after police, in an anti-corruption probe criticized by the government as alarmist, accused inspectors in the world’s biggest exporter of beef and poultry of taking bribes to allow sales of rotten and salmonella-tainted meats…Full Article: China Daily Mar 2017 Brazil’s

Shanghai Pengxin May Buy Brazilian Lender to Facilitate Future Agribusiness Deals

Shanghai Pengxin Group Co is in talks to buy control of Brazilian mid-sized lender Banco Indusval & Partners SA (BI&P), as the Chinese conglomerate wants to expand beyond commodities in Latin America’s largest economy, three sources with direct knowledge of the matter said. Representatives of Pengxin and partners of BI&P have discussed tie-up scenarios, two

Snubbed By Australia, Shanghai Pengxin Purchases a 57% Stake in Brazilian Soybean and Grains Trader

Hunan Dakang Pasture Farming, a company of the Shanghai Pengxin group, has paid US$286 million to acquire 57 percent of Brazilian trading company Fiagril Ltd, reported financial news agency Bloomberg. In a statement, Fiagril Participações, based in the state of Mato Grosso, reported its shareholders had reached an agreement with a Chinese company, whose shares

Heilongjiang’s Meat Processor, Foresun Group, to Buy Three Abattoirs in Argentina from Brazil’s Marfrig Global Foods

Chinese meat processor Foresun Group has agreed to buy three beef slaughterhouses and a livestock confinement unit in Argentina from Brazilian meatpacker Margrif Global Foods SA for $75 million. Under the agreement, Black Bamboo Enterprises, a subsidiary of Foresun, will take over three meatpacking facilities in the towns of Hughes [Santa Fe Province], Vivorata [Buenos