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CHINA- Louis Dreyfus Company (LDC), a leading global agribusiness, Donlink Holding Group (Donlink), and Guangdong HAID Group (HAID) are celebrating the completion of the first phase of construction of their new food industrial park in Nansha, Guangzhou, China. The park, which spans 180,000 square meters, is operated by their joint venture, Fuling Food Technology Co. Ltd., which was established in…
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CHINA- China is forecasted to import a record volume of soybeans in 2022-23, although an increase in domestic production could dampen totals in the 2023-24 marketing year, according to a report from the Foreign Agricultural Service (FAS) of the US Department of Agriculture. According to the report, Soybean imports are estimated at 101 million tonnes due to relatively lower prices…
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AUSTRALIA- Australia has shipped the first barley cargo to China since tariffs imposed in 2020 were lifted earlier this month, according to the country’s minister for agriculture. China ended anti-dumping tariffs on Australian barley earlier this month, roughly three years after the 80.5% duties first dented exports once worth up to US$967 million annually and led Canberra to file a…
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CHINA- Grains originator and ingredients company ADM recently launched three of its global brands into the Chinese market at the Pet Fair Asia, held in Shanghai, from August 16-18. The agribusiness giant intends to expand its footprint in the Chinese pet market with the introduction of its Ganador, Minino, and Protexin brands alongside its current Equilibrio and Sanpo product lines.…
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CHINA- Data from the General Administration of Customs show that China’s soybean imports from the U.S. dropped 63% in July from a year earlier while shipments from Brazil, its top supplier, grew 32%. China, perennially the world’s top soybean importer, relies on Brazil and the United States for nearly all its soybean supplies, and for many years, the United States…
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EGYPT – The Egyptian government has partnered with the Chinese government to develop new varieties of strategic crops that are more tolerant to drought, in particular, rice, corn, and soybeans. In an agreement signed by the Minister of Agriculture and Land Restoration, El-Sayed El-Quseir (photo, right), and his Chinese counterpart Tang Renjian, the two countries seek to implement an agricultural…
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CHINA- Adisseo, one of the world’s leading companies in feed additives, recently announced plans to construct a new powder methionine plant with an annual production capacity of 150 Ktons in Fujian Province in China. According to a press release by the animal nutrition specialist, the total investment amount is expected to be around RMB 4.9 billion (US$ 679 million), and…
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CHINA- The Chinese Customs Tariff Commission has finally ended the anti-dumping and countervailing duties on Australian barley, starting 5th August 2023, as relations between the two countries begin to warm up. China implemented the tariffs in 2020 amid diplomatic tensions, initially set for five years. The dispute between the two countries began in May 2020 when Australia called for an…
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SOUTH AFRICA – South Africa could be the main beneficiary on the African continent if Asia’s largest economy diversifies its corn source markets from the US to South Africa and Latin American countries. The estimate was revealed by the United States Department of Agriculture (USDA) in its June world grain market forecast. According to the USDA, the Middle Kingdom has been engaged…
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CHINA- DSM-Firmenich has initiated legal action for patent infringement against Shandong Haineng Bioengineering only weeks after taking similar measures against China-based Anhui Shengda Bio-pharm Co and Zhejiang Shengda Bio-pharm – a biotin manufacturer and supplier collectively referred to as Shengda. The recently merged nutrition specialist took action against Shandong Haineng Bioengineering Co. Ltd., alleging that certain Haineng swine compound premix…
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