North China’s Yili Industrial Group Co Ltd said it plans to acquire a stake of no more than 51 percent in Pakistani dairy maker Fauji Foods Ltd, according to a statement released on Tuesday [31 July 2018]. The Inner Mongolia autonomous region-based dairy group has handed in a letter of investment intention to acquire Fauji
A Chinese agricultural official said Wednesday [13 December 2017] that China should encourage growth in the cheese market to develop its milk industry. “Efforts should be made to develop dry dairy products like cheese to improve milk product structure and boost the milk industry,” Vice Agriculture Minister Yu Kangzhen said…Full Article: Xinhua Dec 2017 Key
The quality of raw milk and dairy products in China is increasing, but the domestic dairy industry still faces challenges, an expert said at a forum held in Beijing on Thursday. Li Shengli, director of the Sino-Dutch Dairy Development Center, said consolidation in the dairy sector was increasing, with the ratio of scaled dairy farms
China’s largest dairy farm operator Huishan Dairy said on Wednesday [1 November 2017] that a debt restructuring plan has won the support of more than half of its mainland creditors, representing more than two-thirds of the outstanding amount owed by the company…Full Article: South China Morning Post Nov 2017 Key Point According to their filing
UK cheese exporters have welcomed the decision by Chinese authorities to lift a ban on imports of soft cheeses, including British blue cheese stilton. China banned imports of brie, camembert, roquefort, goat cheese and blue cheese in July because mould and bacteria found in the cheeses had not been approved by officials…Full Article: China Daily
Yogurt sales are expected to rise 18 percent this year in China from the same period a year ago to 122 billion yuan ($18.4 billion) and would for the first time overtake milk sales in the country, according to new data. Milk sales for the year are expected to rise 4 percent to 117 billion
China has temporarily halted imports of certain European soft cheese such as Brie, Camembert, Epoisses, Bleu, Fourme d’Ambert and Roquefort, industry insiders told the Global Times. In the wake of the suspension, the Global Times visited international supermarkets in Beijing and spoke with consumers, company representatives and analysts to figure out the reasons behind the
Australian mozzarella cheese from Victoria will be exported to China for the first time, it was announced on Tuesday [1 August 2017]. Fonterra Australia, one of the country’s leading dairy companies, will send cheese from its new $112 million factory in Stanhope, 197 kilometers north of Melbourne, to China for use on pizza…Full Article: China
Fosun International, the Chinese insurance-to-tourism conglomerate, and Beijing Sanyuan Foods are close to a joint deal to buy French margarine and health food maker St Hubert from Montagu Private Equity, according to a joint statement from the two Chinese firms…Full Article: South China Morning Post July 2017 Key Points The Chinese acquisition of St Hubert,
China’s debt-laden Huishan Dairy said its debt restructuring advisor has proposed grouping the businesses of the company and selected assets of its chairman Yang Ka and his own ventures together to form a new entity held by some of its creditors, shareholders and management…Full Article: South China Morning Post July 2017 Key Points In June