Posts tagged "China"

China State-Owned Food Group COFCO Partners with Bits x Bites to Accelerate Food Tech Innovation

[05 June/AgFunder] COFCO, China’s state-owned and largest food processor and manufacturer has partnered Chinese food tech venture firm Bits x Bites. The goal of the partnership is to power the development of agriculture and food tech innovation in China by opening up COFCO’s resources to Bits x Bites portfolio companies. It also aims to bring...

FIELDAYS: Sector needs empathy

[10 June/Farmers Weekly] Kellogg Rural Leader and Social Licence Consultant Penny Clark-Hall reports that one needs to value stakeholders and have empathy and respect for them even if they are challenging the rural sector, if the sector is to have a social license. Mrs Clark-Hall reports that values can be divisive, and that the sector...

Chinese demand still strong

[03 May/Farmers Weekly] China’s dairy demand is steady, and customer feedback is strong according to Miraka Chief Executive, Richard Wyeth. Mr Wyeth expects commodity prices to remain steady for the season ahead, with Chinese demand for New Zealand dairy products continuing to grow. Miraka exports all of its UHT liquid milk and around half of...

Big drop in pig numbers forecast

[22 April/ Rural Life] China’s African swine fever (ASF)-affected pig herd is forecast to shrink to its lowest level in nearly 30 years. ASF has been found throughout much of China’s pork country. Pork is China’s most consumed protein, meaning they will need to import approximately two million metric tonnes to compensate for loss of...

Demand for NZ beef increases as swine fever hits Chinese pork production

[15 April/Stuff NZ] New Zealand’s largest export market for beef is now China, who have overtaken the United States. This is reported to be due to African swine fever (ASF) effecting the Chinese domestic pork production. More than 70 outbreaks of the virus have been confirmed in China with more than 600,000 pigs that have...

More fresh milk flying to China

[02 April/Farmers Weekly] New Zealand is proving to be a key source for air-freighted fresh milk as Chinese consumers continue to move up the food value chain adding fresh, chilled dairy products to their diets. Subsidiaries of Theland and Oravida have leveraged off New Zealands grass-fed, free range reputation and established solid beachheads over several...

Kiwifruit harvest gets off to a flying start

[02 April/Stuff NZ] More than 600,000 pallets of kiwifruit is expected to be exported this season. The first charter vessel carrying Zespri kiwifruit is now on its way to China and Japan with 4500 pallets after an early start to this year’s harvest. David Courtney, Zespri Chief Grower and Alliances Officer reported that for the...

Kiwi dairy tech helps Chinese farms growth

[22 March/Farmers Weekly] A dairy unit 400 kilometres southwest of Beijing is using Waikato Milking Systems technology. The Leyuan dairy farm in Hebei province comprises six units milking at least 3000 cows each. It is owned by a processing company aiming to roll out another five units over the coming five years to take its...

First charter ship carrying Zespri kiwifruit sets sail for China and Japan from Tauranga

[25 March/NZ Herald] The first shipment of Zespri SunGold Kiwifruit has left New Zealand shores bound for China and Japan following an early start to the season. The shipment contained 3,000 pallets from the Bay of Plenty and 1,600 pallets from Gisborne which is collected earlier in the week. Zespri Chief Grower and Alliances Officer...

From rocket to rocket fuel: Plant waste could power planes

[25 March/NZ Herald] Scientists in China have developed a new process for converting plant waste from agriculture and timber harvesting into high-density aviation fuel. Their research may help reduce CO2 emissions from airplanes and rockets. The fuel’s main component, Cellulose, is cheap renewable and highly abundant. The scientists predict that it will result in higher...

The deadly African virus that’s killing China’s pigs

[23 August/Bloomberg] A swine disease is spreading across China. It has infected hundreds of animals and threatens the world’s largest pig industry. African swine fever has killed 340 pigs in Leqing city, meaning four Chinese province have now confirmed cases of the disease. African swine fever is a highly contagious viral disease that can be...

A2 Milk Co continues to grow

[22 August/Farmers Weekly] Infant formula sales in Australia and China are driving The A2 Milk Company’s (‘A2 Milk’) growth momentum. A2 Milk reported a 68 percent increase in revenue. Sales of A2 Platinum formula still dominated the business. According to Managing Director, Jayne Hrdlicka, the company continues to gain market share in both Australia and...

Foreign forestry deal promises to support ‘billion trees’ plan

[5 August/Stuff] According to the Overseas Investment Office, a forest sale to overseas investment company New Forests was likely to advance the Government’s plan to plant one billion trees over 10 years. New Forests intended to prune more of the trees, increasing the likelihood the wood would be supplied to domestic processors. New Forests Associate...

A2 Milk increases stake in Synlait Milk

[3 August/Radio NZ] The a2 Milk Company will buy an additional 8 percent share in Synlait Milk from Mitsui for $161.6 million. This will increase its share of Synlait to 17.4 percent in total. Synlait produces infant formula for A2 Milk, which was in demand in Australia and China. It had also helped drive the...

Growers claim win in Psa case

[2 July/Farmers Weekly] A High Court decision has upheld claims made by a group of kiwifruit growers’ that Crown negligence caused losses as a result of the Psa outbreak.  The decision could leave the Government exposed to a large compensation bill; growers that joined the claim have sought over $400 million in compensation. The ruling...

Fonterra hopes new Beingmate general manager will transform company

[2 July/Stuff] Fonterra’s Chinese partner Beingmate has appointed a new general manager. Fonterra’s Chief Executive, Theo Spierings, welcomed the move as a signal of the company’s transformation. Fonterra wrote off $405 million of its $750 million investment in Beingmate earlier this year. The new general manager is Bao Xiufei (Bob). Mr Spierings said they knew...

Falling global supply growth sets tone for strong 18/19 dairy season

[22 June/Rabobank] According to Rabobank’s Dairy Quarterly report, supply growth stalled across the major dairy regions in recent months. A New Zealand milk price of $6.80 was now within reach according to the report. The bank said that with milk supply growth out of Europe and the U.S. failing to meet market expectations, global farmgate...

China improves access for Italian kiwifruit

[21 June/EuroFruit] Italian kiwifruit exporters were granted a major concession on their trade protocol with China which would allow them to carry out cold treatment of kiwifruit prior to shipment to China. This could boost exports to China as a result. The treatment was designed to rule out the possibility of unwanted pests being brought...

Double whammy: U.S. pork, fruit producers brace for second wave of Chinese tariffs

[21 June/Reuters] U.S. pork producers who are already suffering from duties due to the trade dispute with China were expecting further pain after Beijing added additional tariffs which would come into effect next month. Both U.S. pork items and a range of fruit and nuts were included in the second round of tariffs as well...

China hits back at US with tariffs

[2 April/Radio NZ] China responded to America raising duties on foreign steel and aluminium by imposing tariffs of up to 25 percent on US imports. According to Beijing, the decision was to safeguard China’s interests and balance losses caused by new US tariffs. China did not want a trade war however Donald Trump said trade...

A2 Milk shares tumble after Nestle launches competing formula

[28 March/The Country] A2 Milk shares fell 6.5 percent due to Nestle confirming its launch of an A2 infant formula product. A Nestle spokeswoman confirmed the release. Salt Funds’ Managing Director, Matt Goodson, said the price was being driven down because of this news and that there were fears large premiums may fall. A2 milk...

Chinese-owned dairy firm plans NZX listing

[29 March/The Country] Milk New Zealand planned to list a company on the NZX within 3-5 years. Milk NZ Managing Director, Terry Lee, said it would give dairy farmers different options for supply and ownership. Milk NZ expanded to become one of the largest dairy farm groups in New Zealand with 29 farms milking 30,000...

Farmers given food for thought

[26 March/Rural Life] Professor Keith Woodford raised an idea that Hakataramea Valley farmers could market their products directly to consumers. The Hakataramea Sustainability Collective comprises farmers whose aim is to assist and encourage the protection and enhancement of the valley’s environment and promote sustainability. Mr Woodford was optimistic about the sheep industry and wasn’t concerned...

Trade war rips through farm world; soybean, hog prices fall

[24 March/Bloomberg] Following President Trump’s announcement of tariffs on Chinese imports to the US, China has been quick to implement reciprocal tariffs on U.S. imports which put commodities in the middle of a trade war. Soybean and hog futures fell as a result. Other commodities such as steel, ethanol, almonds, fresh and dried fruits were...