Wholly-Owned Subsidiary of Legend Holdings, Joyvio Group, to Acquire a 94% Stake in Chile’s Australis Seafoods

Chinese investment firm Legend Holdings announced on Monday [19 November 2018] that its wholly owned subsidiary Joyvio has agreed to purchase a majority stake in Chilean salmon producer Australis Seafoods SA. Joyvio will buy a 94.47 percent stake in Australis Seafoods for $880 million, Singapore-based news website zaobao.com reported…Full Article: The Global Times Nov 2018

WH Group’s Smithfield Foods Rejects Bailout Assistance from the USDA’s Food Purchase and Distribution Program

The US Department of Agriculture (USDA) terminated a purchase contract worth $240,000 with Chinese-owned Smithfield Foods that had been awarded under the Trump administration’s agricultural trade bailout program, a move taken at the company’s request, a department spokesman said on Friday [16 November 2018]…Full Article: The Global Times Nov 2018 Key Point In October 2018,

Yogurt Market Brief

Overview From 2012 to 2017, China’s yogurt sales more than doubled, reaching USD 16.95 billion (CNY 119.2 billion) China’s yogurt market is dominated by three listed companies (combined 63% market share in 2018): Inner Mongolia Yili Group (SHA:600887), China Mengniu Dairy (HKG:2319), and Bright Dairy & Food (SHA:600597) Shelf-stable yogurt products have shown remarkable market

JD.com’s 7Fresh Supermarket to Expand Outside Beijing

Consumers in Shanghai, Guangzhou, Shenzhen and Chengdu will soon be greeted with a new fresh food shopping experience as JD plans to open 16 new locations for its premium 7Fresh stores…Full Article: Fruitnet Sept 2018 Key Point Fresh produce reportedly comprises 70% of 7Fresh’s store products, with 20% originating from international suppliers. ChinaAg Comments In

Second Outbreak of ASFV in China Reported in Zhengzhou, Henan Province

An outbreak of African swine fever has been discovered in a slaughterhouse in Zhengzhou, capital of central Chian’s Henan Province, Ministry of Agriculture and Rural Affairs said Thursday [16 August 2018]…Full Article: Xinhua Aug 2018 Key Point The Zhengzhou slaughterhouse was owned by WH Group (HKG:0288), one of China’s leading pork processors and owner of

Cambodia to Export Bananas to China

Cambodia and China on Thursday [2 August 2018] signed a protocol of phytosanitary requirements that will make way for the exports of yellow bananas from Cambodia to China. The protocol was inked here between Cambodian Minister of Agriculture, Forestry and Fisheries Veng Sakhon and Chinese Ambassador to Cambodia Xiong Bo under the presence of Cambodian