Shanghai Government Will Provide Subsidies to Poultry Farms to Cover H7N9 Losses

The Shanghai municipal government will provide poultry farms with subsidies to help them through the deadly H7N9 virus scare. The city ordered a halt of live poultry trading and imports, and required poultry culling, after the national avian flu reference laboratory, under the Ministry of Agriculture, said last week that the H7N9 virus was detected

U.S. to Inspect Chinese Poultry Sites as a Step Towards Lifting the Ban on Chinese Chicken Imports

A planned inspection of China’s poultry processing plants by U.S. agricultural officials could be a step towards lifting the ban on Chinese chicken imports to the U.S. for human consumption. The inspections, scheduled for late January or early February, are the result of seven years of negotiations between the two nations. The reasons cited for

China’s New Hope Group Reportedly Last Firm Standing in Bid to Purchase Australia’s Largest Poultry Producer

Inghams Enterprises has yet to find a buyer for Australasia’s biggest chicken producer, which owner Bob Ingham put up for sale last July with a price tag reportedly of $A1.4 billion [US1.48 billion]. “We’ve not agreed to sell the business or got an agreed buyer,” Paddy Watts, Inghams financial controller, told BusinessDesk. “We were hoping

Thailand’s Largest Agribusiness Firm to Acquire Chinese Poultry Processor

Charoen Pokphand Foods Plc (CPF) is planning to acquire Chia Tai Food Enterprise, a manufacturer of meat and ready-to-eat products in China. The transaction to acquire 100% equity interest in Qinhuangdao, China-based enterprise. The transaction will be made through CP China Investment Ltd, a wholly owned subsidiary of Hong Kong based CP Pokphand (CPP), in which

New York Financial Firm and Chinese Agribusiness Company Compete to Buyout Australia’s Largest Poultry Producer

Blackstone Group LP and China agribusiness company New Hope Group are through to the final round of bidding for Australia’s largest poultry producer Inghams Enterprises, a deal that could be worth as much as AUD$1.4 billion (US$1.5 billion), sources with knowledge of the matter told Reuters. Second-round bids are due by mid-December in the deal,