Japan’s Asahi Group Sells Off its Shandong Farm and Dairy Business Due in Part to China’s Underdeveloped Cold Storage Logistics

After about a decade of expansion in China, Japan-based beverage maker Asahi Group Holdings has decided to sell off its farm and dairy business in the country. Asahi launched its farm business in 2006 in East China’s Shandong Province, using Japanese agricultural technology and experience in vegetable production, according to a report by ribenxinwen.com on

Chinese Dairy Producers under Pressure from E-Commerce Imports and Price Competition

Some Chinese dairy producers have seen gross profit margins of their infant formula milk powder products continue to decline due to the impact of foreign brands, high costs and inventory pressures. So, more producers are trying to target healthy products. The two-child policy in China didn’t trigger sales growth of the domestic dairy sectors, which

China Huishan Dairy Accused of Inflating Profit Margins By California-based Due Diligence Firm

Leading dairy firm China Huishan denied fraud charges published by Muddy Water LLC, a due diligence based investment firm that conducts investigative research on public companies. Huishan says that its operations are proper and that its financial report disclosure is true and accurate. The Hong Kong-listed dairy company ranks No 1 in Northeast China and

New Zealand’s Fonterra Inks Agreement with the Bank of China to Establish US$216 Million Multi-Currency Facility

Dairy giant Fonterra said on Thursday [15 December 2016] that it had established a 1.5 billion yuan ($216.36 million) multi-currency facility with Bank of China. Fonterra, the world’s largest dairy exporter, said the facility will provide diversity in its yuan funding sources for its operations in China, its largest market…Full Article: The Global Times Dec

Royal FrieslandCampina’s Joint Venture with China Huishan Dairy Off to a Positive Start

Dutch dairy company Royal FrieslandCampina will bring its “Dutch Lady” dairy brand to more places in the country, its CEO said at a press event on Tuesday [6 December 2016]. The “Dutch Lady” dairy products, developed by FrieslandCampina’s joint venture with China Huishan Dairy Holdings Co, officially hit the market in September [2016]. So far,

China’s Certification and Accreditation Administration Pulls Import License for Australian Infant Formula Producer

Recently, the China Certification and Accreditation Administration (CNCA) suspended the Australian dairy registration qualifications of Viplus Dairy enterprises in China, but there is no indication of the reason for the suspension of registration…Full Article: The Epoch Times Nov 2016 Key Points On 4 November 2016, the CNCA pulled Viplus Dairy’s import license. In June 2016,

Uruguayan Dairy Exporter Teams Up with Inner Mongolia’s Yili Group to Supply the Chinese Market

Uruguayan firm Conaprole, the largest exporter of dairy products in South America, will achieve an export value of about $55 million this year in China as it benefits from the huge market and the nation’s two-child policy, its senior executives said…Full Article: China Daily Oct 2016 Key Point According to a Professor of Economics at

New Hope Group Opens its Australian Headquarters in Sydney

Diversified Chinese conglomerate New Hope Group Co Ltd’s Australian expansion has taken another step, opening its Australian headquarters in Sydney on Thursday [6 October 2016], eyeing further agribusiness acquisitions and an expansion of its fledgling real estate developments…Full Article: ECNS.cn Oct 2016 Key Points New Hope Group has expressed interested in Australia’s dairy industry and