Israel is set to tap into the world’s biggest citrus grower’s own market with the Jaffa Orri, a new brand in the Jaffa family, at a time when China is ramping up import numbers of the mandarin orange.
China will compete with the rest of the world in a “very, very friendly way” as its corporations continue to buy up western food companies, the head of a state-owned grains trader has said.
US agricultural processor Archer Daniels Midland has opened the first phase of its integrated food manufacturing complex in the northern Chinese city of Tianjin.
American agriculture major Archer Daniels Midland will embark on a plan to restructure its Asia-Pacific operations to take into account changes in the region as incomes grow and diets evolve.
US-based ingredient supplier Archer Daniels Midland Company will increase its production of non-GMO lecithin by expanding capacity at its soybean processing facility in the Maharashtra city of Latur, in India.
GrainCorp’s board of directors has recommended that its shareholders accept the A$3.4bn (US$3.16bn) takeover bid from Archer Daniel Midland in the absence of a superior offer.
