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Saikexing secures $125m to expand in China

China’s number four dairy farming firm Saikexing has secured a $125m loan to reduce environmental pollution, improve food safety, and expand the supply of milk within China.

China re-imposes anti-dumping duties on US chicken

US white-feather chicken meat imported into China will face “anti-subsidy duties” for five more years, China’s ministry of commerce has announced. 

News in brief

Syngenta, ChemChina deal sees US approval

China National Chemical Corporation’s (ChemChina) offer to buy Syngenta for $43bn has passed US review by the Committee on Foreign Investment in the US (CFIUS).

Asian demand for processing technology buoys global market

China, India and Saudi Arabia’s growing markets are spurring global demand for food processing machinery, which is expected to grow at an annualised rate of around 8% until 2020.

Profits triple at leading Chinese poultry firm

One of China’s leading poultry firms is reporting a bumper first half for 2016 thanks to domestic and export demand for its cooked poultry products. 

Mondelēz warns multinationals to reposition during China’s economic slowdown

Multinational companies should reconsider their business strategies amid China’s economic slowdown, Mondelēz China president Stephen Maher told the audience at the recent Food and Beverage Innovation Forum in Shanghai....

Poor diet and high blood pressure fuelling China’s heart disease epidemic: Study

Worsening dietary trends and soaring blood pressure levels will contribute to millions of new cases of heart attacks and strokes in China over the next two decades, researchers claim.

One in four Hong Kong soy sauces found to contain traces of carcinogen

More than a quarter of soy sauce brands tested by the Hong Kong Consumer Council have been found to contain a possibly carcinogenic compound, while a similar number failed to...

Silver Fern Farms members vote in favour of Shangai Maling deal

Members of New Zealand co-operative and the country’s largest meat processor Silver Fern Farms have voted overwhelmingly in favour of a partnership with Chinese food operator Shanghai Maling.

News in brief

Herbalife gets green light to expand China operations

Herbalife has won approval from China’s Ministry of Commerce to operate in three additional provinces in the country.

Chinese boom and Mexican gloom for US pork

Exports of American pork enjoyed solid growth in the last 12 months, but business with Mexico, a key US pig meat market, continued to wane.

China

Demand for plant-protein drinks spurs boom for healthy sweeteners

After a golden decade for China’s beverage industry came to a close in 2012 —a period during which it saw consistent 20% growth—just one mainstream drinks segment currently stands out,...

Authorities hunt for contaminated pig meat in Hong Kong

Hong Kong authorities have identified the distribution of pork from contaminated imported pigs, which were sent to more than two-dozen retailers across the city.

Global health & wellness investment activity ahead of 2015

The food and nutrition space is vibrant and in rude health according to latest merger, acquisition and investment figures globally.

China direct

Sainsbury’s taps into China’s love of British products through Tmall

Supermarket chain Sainsbury’s will double the number of its products available on Alibaba’s Tmall online platform in a bid to grow its business in Chain.

Eurofins to expand Chinese food testing lab

Eurofins has said it is ‘on track’ to complete the expansion of its main Chinese food testing laboratory in Suzhou, during its first half year results.

Pro Mach to expand in North America and China following Zarpac acquisition

‘Customers are looking for a full service partner to simplify line development, achieve optimum performance, reduce risks, simplify line control, and better manage costs throughout the design, build, and production...

China and Argentina agree landmark beef deal

Argentina is celebrating the renewal of a beef deal with China, despite a crackdown on antibiotics contamination which saw a large shipment of its meat destroyed by China.

Chinese group pays $239m for Australian vitamin firm

Shanghai Pharmaceuticals Holding Co Ltd and private equity firm Primavera Capital is to buy Australian vitamin manufacturer Vitaco Holdings for US$239m.

Danish farmers benefit from booming Chinese demand

A drop in Chinese pork production, generating more demand for pigmeat imports, is a boon for Danish pork farmers who are ready to double exports to China.

Chinese halal meat business helps employ 10,000 families

One of China’s biggest producers of packaged halal meat products is bringing meat factory jobs to one of the country’s poorest regions in a deal with local government that includes...

Chinese region: One-in-three adults overweight and one-in-seven obese

The regular intake of meat and alcohol are among the primary nutritional factors causing one-in-three adults in a Chinese province to be overweight and one-in-seven obese, new research has found.

Beans distributor reveals plan to tap into China’s coffee-shop culture

Gourmet coffee wholesaler DTS8 Coffee Company has plans to expand into the world’s fastest growing coffee-shop market by acquiring existing coffee chains. 

China

Supply restrictions cause sucralose prices to spike

Chinese sucralose prices have been rising sharply this year due to supply restrictions. According to Mintec, the commodities analyst, they increased 47% month on month in June, and 56% from...

Chinese fund eyes Australian investments to supply home health market

A Chinese investment management company will establish a specialist food and agriculture fund worth up to A$1bn (US$760m) in Australia to establish a vertically integrated supply chain between the countries....

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