COFCO to Close Some Business Departments and Downsize Headquarters’ Staff in Wake of Chinatex Takeover

After taking control of competitor Chinatex Corp, the giant grain and oil processor and trader China National Cereals, Oils and Foodstuffs Corp (COFCO) announced on Monday [18 July 2016] it will close six departments at its headquarters and establish professional operating platforms to manage some of its businesses. The State-owned Assets Supervision and Administration Commission

China’s State Administration of Grain Reiterates Commitment to Lower the Country’s Grain Reserves

A large inventory will not be the new normal for China’s grain sector, even though combined stocks have remained at historic highs, a senior official said as authorities prepared to encourage more private enterprise participation in the annual grain purchase arrangement. Ren Zhengxiao, head of the State Administration of Grain, said at a news conference

Chinese Petrol Equipment Supplier Purchases Farmland in Central France

A Chinese company has acquired hundreds of hectares of cereal-producing farmland in central France. This unprecedented situation has provoked astonishment and anger in the farming community…Full Article: EurActiv Apr 2016 Key Point China Hongyang Group reportedly purchased three farms (totaling ~1,700 hectares) in Indre Department, Centre-Val de Loire Region, France. ChinaAg Comment In April 2016,

COFCO Group’s New President Meets with Municipal Leaders in Wuxi, Jiangsu Province

On February 17, Li Xiaomin, a member of the Jiangsu Provincial Party Standing Committee and Secretary of the Wuxi Municipal Party Committee, met Zhao Shuanglian, President of COFCO Group who came to Wuxi for investigation. They conducted exchange on further deepening cooperation between both sides. Wuxi municipal leaders Huang Qin and Zhang Yefei attended the

China’s “No. 1 Central Document” Continues its Focus on Agriculture for the 13th Year in a Row

Supply-side reform is the main theme of the No. 1 Central Document on agriculture this year. President Xi Jinping has reiterated that we should properly expand total demand, enhance structural reform of the supply side, increase the quality and efficiency of the supply system and strengthen sustainable economic growth impetus. The State Council, China’s cabinet,