Australian Dairy Producer to Increase Output Capacity to Supply Chinese and Other Asian Markets

Growing demand for powdered milk formula among China’s middle class and online direct distribution are driving major investments in processing capacity, the head of Australia’s largest dairy producer Murray Goulburn said Wednesday [16 March 2016]. Murray Goulburn Unit Trust on Tuesday announced plans to build an A$280 million ($208 million) formula processing factory in partnership

Australian Investment Company and Shanghai Pengxin Team Up to Buy Major Beef Producer

Australian investment company Australian Rural Capital has announced to the stock exchange it is partnering with Shanghai Pengxin Group to buy S. Kidman & Co, Australia’s largest private landholder with properties covering 101,000 square kilometers in Western Australia, South Australia, the Northern Territory and Queensland. Shanghai Pengxin was forced to rework its initial bid-thought to

Australian Government Greenlights Chinese Acquisition of Tasmanian Dairy Company

The Australian government has approved the sale of the nation’s biggest dairy farming company to Chinese billionaire Lu Xianfeng. Van Diemen’s Land (VDL) – which boasts several dairy farms in Tasmania’s north, known for having the world’s cleanest air and water – officially changed hands late Tuesday [23 February 2016], with the deal getting the

Fonterra Supplier and Australia’s Oldest Dairy Sold to Chinese Businessman

Chinese buyer Lu Xianfeng announces its recent U.S.$280 million acquisition of Australia’s largest and oldest dairy farm Van Diemen’s Land Company (VDL) in northwest. The VDL was owned by various New Zealand entities. Late last year, its current owner New Plymouth District has agreed to sell the farm to Moon Lake Investments, owned by Lu

Subsidiary of Hong Kong Conglomerate to Buy Australian Wheat and Barley Producer

CK Life Sciences International (Holdings) Inc, a Hong Kong-based biotechnology company, is close to completing the acquisition of one of Western Australia’s largest grain producers, continuing its expansion in the overseas agri-food industry. A subsidiary of conglomerate Cheung Kong (Holdings) Ltd, the Chinese firm has offered $24 million for Nicoletti Group, an exporter of wheat

Australian Dairy Joint Venture Sells Infant Formula Products on Alibaba’s Tmall E-commerce Website

Australia-based Blackmores Ltd and dairy giant Bega Cheese Ltd have teamed up to capitalize on booming demand for infant formula in Asia and Australia’s new free trade agreement with China. The two companies, which announced a joint venture in October 2015, have accelerated the development and release of three infant formula products which hit the

Dongfang Modern, China’s 2nd Largest Citrus Producer, to Purchase Land in Jiangxi Province

Dongfang Modern Agriculture Holding Group Ltd, considered China’s second-largest citrus fruit producer, will use some of the proceeds from its Australian listing to more than double the land it owns at home. The move, the first such step by a Chinese agricultural firm, comes as Australia increasingly emerges as a destination for Chinese companies looking