UN Agricultural Development Agency to Loan Nearly US$44 million to China to Finance Project in Hubei

The International Fund for Agricultural Development (IFAD) will provide a loan of US$43.8 million to the People’s Republic of China to finance the Shiyan Smallholder Agribusiness Development Project in Hubei Province. Of the total project cost of US$116.9 million, US$20.14 million will come from the Hubei provincial government, US$28.5 million from partner banks and US$

Two Chinese Rapeseed Oil Processors Violated Food Acquisition Policy by Blending Imports with Domestic Oil

China Grain Reserves Corporation said on its official website on Oct 28 that since the end of August, they have conducted a full inspection on the implementation of the acquisition policy of rapeseed oil. A company in Hubei province blended 944 tons of imported rapeseed oil into homemade oil and another in Hunan province, 483

Sinograin Sent Inspection Teams to Major Rapeseed-Growing provinces of Sichuan, Hunan, and Hubei to Investigate Possible Fraud

China Grain Reserves Corp. (Sinograin) said it is investigating whether local crushers profited by selling oil processed from cheaper imported rapeseed instead of from domestic supplies as Beijing’s subsidy program stipulates. The probe underscores the potential for manipulation of China’s farm products stockpiling program, where a minimum purchase price set by Beijing to support farmers