Shandong Chenxi Group, Once One of China’s Largest Soybean Importers, Files for Bankruptcy

Formerly China’s largest soybean importer, Shandong Chenxi Group, filed for bankruptcy due to its inability to pay off debts…Full Article: Sina Finance July 2018 ChinaAg Comments On 6 July 2018, China increased the import tariff rate for U.S. soybeans to 25%. The increase was in retaliation to similar tariff increases by the U.S. on Chinese

Chinese Soybean Production to Increase by an Estimated 400,000 Hectares, While Corn Will Decline by 1.3 Million Ha in 2016

China’s soybean acreage will increase by 400,000 hectares this year as a result of a government-led initiative to increase the supply of domestic soybeans. Yu Xinrong, vice-minister of agriculture, told a news conference Thursday [5 May 2016] that a survey of farmers’ planting intentions indicated that the corn acreage in China will decrease by close

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

China’s Ministry of Agriculture to Promote Soybean Production at the Expense of Corn

China is planning to increase its soybean acreage over the next five years, and will encourage more farmers to switch from corn to the more lucrative crop, an agricultural official said Thursday. Corn acreage will be cut by nearly 666,700 hectares this year as part of an effort to reduce huge stocks of the grain,