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$28.5 million from partner banks and US$
The Dalian Commodity Exchange began trading the nation’s first egg futures on Friday [8 November 2013], which analysts say will help iron out the volatile egg price to benefit both producers and consumers. Lot size is set at 5 metric tons, with a minimum price movement of 1 yuan ($0.164) per 500 kilograms. Contracts are
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
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
Tianli Agritech, producer of breeder hogs, market hogs and black hogs based in Wuhan City, China, has announced the completion of a new feed facility located in Enshi Autonomous Prefecture, Hubei, China. The new facility produces feed with its special formula for Tianli’s “10,000 families and 1,000,000 Black Hogs” program. This program was launched by