Kazakhstan and Israel are planning to jointly enter China’s food market. At the Kazakh-Israeli business forum in Astana, the memorandum was signed on construction of a joint venture for the processing of poultry meat, products which will be exported to China. The cost of plant construction, according to the Israeli side, will total $5 million, and exports will total $10 million…Full Article: Kazakh-tv.kz Dec 2016
- China has reportedly pre-ordered enough poultry meat from the Kazakh-Israeli factory to cover five years’ worth of demand/factory operations.
- In November 2016, China’s Asia Pacific Food Capital (APOFCO) and KAZNEX INVEST signed a MoU on the establishment of a ~US$3 billion joint agricultural investment fund. During the same month, the Ürümqi-Almaty cargo route was increased to daily service.
- In May 2016, freight train service from China’s Ürümqi to Kazakhstan’s Almaty (aka Alma-Ata) began operating once a week.
- In December 2013, the Zeleny corridor opened in Bakhty, East Kazakhstan Province and in its cross border checkpoint in Paikitu, Xinjiang Region, China. Additionally, Kazakhstan’s Akmola region [central Kazakhstan] planned to export 10,000 MTs of wheat to China by the end of the year. Kazakhstan expected to increase its wheat exports to China in the following years.
Hong Kong Trends