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JAPAN – Japanese snack food maker, Calbee, plans to invest about 140 billion yen (US$1 billion) in automation, mergers and acquisitions (M&A), and facility upgrades to bolster its operations both at home and abroad. According to COO and incoming President and CEO Makoto Ehara, the company has earmarked North America and China as key markets to boost its recognition as…
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USA – The US agricultural and related products exported to the People’s Republic of China (PRC) reached a record US$40.9 billion in 2022, an increase of 14.5%, according to the US Department of Agriculture Foreign Agriculture Service GAIN report. According to the report, growth was mainly driven by a 22.1% year-on-year rise in value of exports of bulk commodities. The…
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ANGOLA – Yuan’s Hi-Tech Seed CO LTD, one of the world’s leading specialists in the cultivation of rice production, has expressed interest in investing in Angola, as part of its global growth strategy, according to Journal de Angola Rice is among the most consumed cereal crops in Angola, coming after corn and cassava at a consumption of 7.3 kg per…
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CHINA – The China National Centre for Food Safety Risk Assessment (CFSA) is considering mandating mass nutritional fortification for various staple foods to boost public health and combat nutrient deficiencies. Drawing reference from the World Food Program (WFP), almost 150.8 million people are malnourished with 9.4% of children stunted, 19.6% of the population anemic, and 25% overweight representing significant national and global burdens.…
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USA – The Grand Forks City Council in North Dakota has unanimously voted to block a Chinese company from opening a corn mill near a sensitive military base after the United States Air Force termed the facility a risk to national security. Fufeng USA, a subsidiary of Fufeng, has been working since late 2021 to develop a 370-acre tract on…
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CHINA- China’s grain output reached a new record of 68.7 billion metric tons (MT) in 2022, new estimates from The National Bureau of Statistics (NBS) published have revealed. For the market year (MY) 2022/23, Corn production in MY2022/23 is forecasted at 277.2 MMT, up 1.7 percent from last year indicating a better harvest in the North China Plain, according to…
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CHINA-China, the world’s top buyer of soybeans, has expanded its planting area to 10.26 million hectares, an increase of 1.82 million hectares year-on-year as the country continues its self-sufficiency push. For years, China has been heavily reliant on imports to meet its local demand. The average soybean import is at 60%, the figure that the government is working to slash…
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