China’s “Second Granary” Project to Boost its Grain and Soybean Yields

A yearlong program to increase yields of wheat, corn and soybeans in China’s less-fertile regions will rely on science and technology to invigorate agricultural production and benefit 70 million farmers, according to an official from the Chinese Academy of Sciences. The program, dubbed Second Granary, is expected to reap an additional 9 billion kilograms of

France’s Danone On the Brink of Selling its Dumex China Unit to Mengniu’s Yashili International Holdings

Danone SA, the French dairy giant, has offloaded its struggling Dumex China unit to a subsidiary of China Mengniu Dairy Co Ltd for 150 million euros ($159 million). The Paris-based company said the sale to Yashili International Holdings Ltd, which is yet to be approved by the relevant authorities and Yashili shareholders, would create “a

Carlsberg China Expected to Shutter Some of its Chongqing Beer Breweries

A weaker-than-expected performance in China and Russia is forcing Carlsberg A/S, the world fourth-largest brewer, to axe 2,000 staff worldwide by 2018, around 15 percent of its workforce. According to Chief Executive Officer Cees’t Hart, cost-saving measures will affect its Chinese operations, including the closure of some factories. As part of its “business right-sizing” efforts,

China’s National Grain and Oil Trade Centre in Auhui Province Briefly Suspended Weekly Soybean Auctions

The National Grain and Oil Trade Centre in China’s Auhui province has halted weekly auctions until further notice. China, the world’s top soybean buyer, will suspend its weekly state soy auctions from next week as the government prepares to stockpile the domestic harvest…Full-test article: South China Morning Post Oct 2013 ChinaAg Comment In China, soybean

Cargill Inaugurates Poultry Facility in Anhui Province

Cargill held the inauguration ceremony of its world-class integrated poultry operation in Lai’an, Anhui today. Gary Locke, ambassador of the United States of America to China; Chris Langholz, president of Cargill Animal Protein China; Stan Ryan, corporate vice president of Cargill, and representatives from Chinese government agencies participated in the ceremony…Full-text article: SYS-CON Media Sep

British Company Acquiring Anhui-based Producer of Traditional Chinese Medicine

Reckitt Benckiser, the British FMCG (Fast Moving Consumer Goods) giant is reportedly acquiring Anhui-based Golong Medicine, a traditional Chinese medicine manufacturer known for sore-throat remedies. The detailed costs of the acquisition haven’t been disclosed yet. Insiders believe that the acquisition will help Reckitt Benckiser to diversify its business and to sell western health products in