The price of Tra catfish rise in Mekong delta
Prices of raw tra catfish in the Mekong Delta keep rising highly. Yesterday 25th March, the seafood processing plants purchased raw tra catfish with prices ranging 25000-25500 VND/kg, an increase of about 200-400 VND / kg compared with the previous week, which is also the highest price in last 2 years. With this price, farmers have gotten 1500-2000 VND / kg of profit. This price forecast to rise further in the near future while export demand is increasing.
Michael Boddington from Asian Agribusiness Consulting (AAC) has been involved in agribusiness in Asia since 2000. AAC has office both in Vietnam Ho Chi Minh City and China Beijing. So AAC has a thorough understanding of the Viet Nam and China aqua industry and produces up-to-date research reports on the market. We can offer insights on supply and demand trends and comments on the future structure of Asian agribusiness. If you would like to know more please email This email address is being protected from spambots. You need JavaScript enabled to view it.This email address is being protected from spambots. You need JavaScript enabled to view it.
http://sggp.org.vn/nongnghiepkt/2014/3/344316/
February seafood exports up 57 percent
According to Vietnam Customs, seafood exports in February 2014 reached USD 458 million, up nearly 57% year on year. Through February 2014, Vietnam exported USD 497 million of shrimp products, up 105% year on year. Pangasius saw a strong recovery in February, increasing the year-to-date exports by 8.5% year on year to USD 275 million. In Quarter I of 2014, land for pangasius production in Mekong Delta is expected to be 5,400 hectares, providing total output of 382,000 MT.
The March seafood exports are expected to keep steady growth, as sales of whiteleg shrimp and pangasius are recovering.
Michael Boddington from Asian Agribusiness Consulting (AAC) has been involved in agribusiness in Asia since 2000. AAC has office both in Vietnam Ho Chi Minh City and China Beijing. So AAC has a thorough understanding of the Viet Nam and China aqua industry and produces up-to-date research reports on the market. We can offer insights on supply and demand trends and comments on the future structure of Asian agribusiness. If you would like to know more please email This email address is being protected from spambots. You need JavaScript enabled to view it.This email address is being protected from spambots. You need JavaScript enabled to view it.
http://www.seafood.vasep.com.vn/Daily-News/378_9312/February-seafood-exports-up-57-percent.htm
China Mengniu Dairy sees 20 pct sales increase in 2013
China Mengniu Dairy Co Ltd announced on Wednesday that its sales increased by 20.4 percent year-on-year to RMB 43.36 billion in 2013, driven by favorable industry policies, product restructuring and an acquisition deal. Its net profit reached RMB 1.62 billion ($161 million), registering year-on-year growth of 25.2 percent, according to the report.
Last year, China Mengniu Dairy Co Ltd purchased privately owned Yashili International for RMB 11.4 billion, acquiring one of the country's leading manufacturers of baby milk formula and baby food in the largest merger in the domestic dairy industry. The deal strengthened Mengniu's performance in the milk powder business, in which its market share in total revenue rose from 1.2 percent in 2012 to 5 percent in 2013. Despite significant growth in the milk powder and liquid milk sectors, its ice cream business witnessed a slight fall.
Michael Boddington from Asian Agribusiness Consulting (AAC) has been involved in agribusiness in Asia since 2000. AAC has office both in Vietnam Ho Chi Minh City and China Beijing. So AAC has a thorough understanding of the Viet Nam and China aqua industry and produces up-to-date research reports on the market. We can offer insights on supply and demand trends and comments on the future structure of Asian agribusiness. If you would like to know more please email This email address is being protected from spambots. You need JavaScript enabled to view it.This email address is being protected from spambots. You need JavaScript enabled to view it.
http://finance.sina.com.cn/stock/hkstock/ggscyd/20140326/091218617046.shtml
Da Bei Nong Group plans to build Aqua Feed Project in Fujian Province
Da Bei Nong Group was keen on Fujian aqua feed market and planned to build up a 180 Thousands tons aqua feed project based at Zhaoan City, Fujian province. According to the market analyze shows that Fujian has a good market capacity with 60-80 thousands shrimp feed, 100 thousands Tilapia feed in Zhangpu City, and 300 thousands shrimp feed, 500 thousands fish & shrimp mixed feed in Chaoshan area.
Michael Boddington from Asian Agribusiness Consulting (AAC) has been involved in agribusiness in Asia since 2000. AAC has office both in Vietnam Ho Chi Minh City and China Beijing. So AAC has a thorough understanding of the Viet Nam and China aqua industry and produces up-to-date research reports on the market. We can offer insights on supply and demand trends and comments on the future structure of Asian agribusiness. If you would like to know more please email This email address is being protected from spambots. You need JavaScript enabled to view it.This email address is being protected from spambots. You need JavaScript enabled to view it.
http://www.ixumu.com/forum.php?mod=viewthread&tid=489592&from=portal
COFCO buys 51% of Nidera on March 23
COFCO Corp. and Nidera on March 23 signed an agreement in which COFCO will acquire 51% of Nidera and establish a strategic cooperation.
The signing of the largest ever strategic cooperation by agricultural enterprises from the two countries was conducted during Chinese President Xi Jinping’s first official visit to the Netherlands, becoming the symbol of an in-depth Sino-Dutch achievement in the agricultural industry as well as a new driving force in promoting bilateral trade and economic development between the two countries. The cooperation is the largest ever international acquisition in the history of the Chinese agricultural industry. COFCO and Nidera will establish channels to share market information and initiate cooperation in areas such as seed business.
Nidera was founded in Rotterdam, the Netherlands in 1920, and has since developed into a major international agribusiness and trading company with an annual turnover in excess of $17 billion, trade volume over 52 million tonnes, origination purchase volume over 11 million tons and agri-technological product sales over 954,000 tons. Soybean, wheat and corn are the major commodities traded by Nidera. With an advanced germplasm pool, Nidera has developed a close partnership with farmers through providing seed, fertilizer and farm chemicals. By December 2013, Nidera had 62 subsidiaries, and more than 3,700 employees in over 18 major exporting and importing countries.
Nidera said it has made consistent efforts to establish and improve its storage and logistic network in key global grain production areas in North and South America, actively promoting development of its grain and oilseeds, seeds, fertilizers and farm chemicals businesses. Nidera has a comprehensive storage and logistics network in Argentina, Brazil, Uruguay and other South American regions. It has inland storage capacity of 1.27 million tons, of which 477,000 tons is in Argentina and 587,000 tons is in Brazil; annual throughput capacity of 13.53 million tons, of which 5.5 million tons is in Argentina and 3.03 million tons is in Brazil. Its storage and logistics facilities also cover North American and European areas such as the U.S., Britain, Spain, Romania, Russia and Ukraine.
As China's leading agricultural products and foodstuff company, COFCO, with its 60-year history and a fully-integrated value chain model, has built China's largest food logistics network by its wide coverage and nationwide layout of domestic storage and logistics nodes. It has also established all types of processing facilities in China’s key agricultural areas and sales area, with sales outlets penetrating China's cities and villages.
Currently, the basic pattern of global agricultural trade flow is from the Americas into Asia, and the supply from emerging markets has been growing rapidly. Brazil and Argentina takes more account in exporting markets of agriculture products such as soybean and corn. COFCO enjoys a long history of cooperation with Nidera, importing agriculture products from Argentina since the beginning of the sixties of last century, and have continued to maintain sound business partnership which forms an solid foundation of COFCO's overseas grain trade network. The investment into Nidera enables COFCO to extend its value chain overseas, to access the core of the world's grain market value chain, and also opened up the Chinese market opportunities to Nidera from COFCO's domestic network of grain warehousing, logistics, processing and sales. Nidera Chief Executive Officer Ton van der Laan said he is very confident in this collaboration and that Nidera values the huge market size and growth potential in China and Asia, and COFCO's fully-integrated value chain model is a great attraction.
Frank Ning, chairman of COFCO has indicated that the investment in Nidera will enhance COFCO’s global presence in grain storage, logistic and processing facilities, facilitate the establishment of a global value chain, the synergy associated with the consolidation of COFCO and Nidera will establish a stable grain corridor linking the global biggest grain origination markets and Asian emerging markets with the largest growing demand of grain. With the establishment of an international operating network, “purchase globally, sell globally” will be achieved which can not only meet China’s demand on moderate grain importation, but also promote a more effective operation of international grain network and global development of global agricultural industry via actively conducting third-country trade.
http://www.ixumu.com/forum.php?mod=viewthread&tid=490084&from=portal
China Huiyuan Juice Group Ltd to sell US$150m in bonds to grow globally
China Huiyuan Juice Group Ltd will issue US$150 million worth of convertible bonds to a unit of Temasek Holdings, the Singapore state investment fund, as the Chinese company seeks to "borrow" its investment experience to expand globally.
The bonds will be issued to Baytree Investments (Mauritius) Pte, and due in 2019, according to a statement yesterday. The bonds can be converted to shares of Huiyuan. On full conversion, Temasek will indirectly hold 7.68 percent of the enlarged share capital of Huiyuan.
"We are glad to have investment from Temasek," said Zhu Xinlin, Huiyuan's chairman. "The investment reflects foreign capital's confidence in our team, brand and outlook. We also wish to borrow Temasek's successful global investment experience to drive internationalization of the Huiyuan brand."
On Thursday, Huiyuan said it will spend 117.7 million yuan (US$19 million) to buy the entire Suntory (Shanghai) Foods Co and a 50 percent stake in Suntory (Shanghai) Foods Marketing Co to tap the tea and coffee beverage market on China's mainland.
Michael Boddington from Asian Agribusiness Consulting (AAC) has been involved in agribusiness in Asia since 2000. AAC has office both in Vietnam Ho Chi Minh City and China Beijing. So AAC has a thorough understanding of the Viet Nam and China livestock industry and produces up-to-date research reports on the market. We can offer insights on supply and demand trends and comments on the future structure of Asian agribusiness. If you would like to know more please email This email address is being protected from spambots. You need JavaScript enabled to view it.">michael@boddingtonconsulting.com
http://money.163.com/14/0324/01/9O2JMBPI00253B0H.html
Vietnam will import about 150,000 cattle from Australia in 2014
In 2013, Vietnam has imported about 67,000 cattle from Australia, increased 19 times higher than in 2012. From the beginning of this year, Vietnam has imported 40,000 cattle. Accordingly, the Vietnam Trade Office in Australia forecast Vietnam may import about 150,000 cattle from Australia in 2014, become the second largest market of Australia following Israel.
Michael Boddington from Asian Agribusiness Consulting (AAC) has been involved in agribusiness in Asia since 2000. AAC has office both in Vietnam Ho Chi Minh City and China Beijing. So AAC has a thorough understanding of the Viet Nam and China livestock industry and produces up-to-date research reports on the market. We can offer insights on supply and demand trends and comments on the future structure of Asian agribusiness. If you would like to know more please email This email address is being protected from spambots. You need JavaScript enabled to view it.This email address is being protected from spambots. You need JavaScript enabled to view it.
http://www.vietlinh.com.vn/library/news/2014/agriculture_livestock_news_show_2014.asp?ID=314
Expanding pig herd in Vietnam
The price of live pig has reached 52,000 VND per kg, the farmer can get 10,000-12,000 VND per kg of profit. The price of pork is 90,000-95,000 VND per kg and the pork consumption demand is also increasing. This situation is pushing the farmers to expand pig herd. According to estimates of Dong Nai Livestock Association, the number of pig in this province is 1.4 billion, an increase of 200,000 pigs from the previous year. Michael Boddington from Asian Agribusiness Consulting (AAC) has been involved in agribusiness in Asia since 2000. AAC has office both in Vietnam Ho Chi Minh City and China Beijing. So AAC has a thorough understanding of the Viet Nam and China livestock industry and produces up-to-date research reports on the market. We can offer insights on supply and demand trends and comments on the future structure of Asian agribusiness. If you would like to know more please email This email address is being protected from spambots. You need JavaScript enabled to view it. http://www.vietlinh.com.vn/library/news/2014/agriculture_livestock_news_show_2014.asp?ID=310
China-NZ launch dairy exchange center
The China-New Zealand Dairy Exchange Center was established Wednesday in Beijing in a bid to bring advanced dairy technology to China. The exchange center comes at a time when New Zealand Prime Minister John Key is paying a three-day visit in China that started Tuesday. The exchange center, founded by China Dairy Research System under the Ministry of Agriculture (MOA) and key representatives of the New Zealand dairy industry headed by Fonterra Co-Operative Group, will organize dairy forums and provide training for China's dairy industry practitioners.
To show support for New Zealand's dairy products, Prime Minister John Key and Trade Minister Tim Groser also presented at the signing ceremony of the exchange center."We hope to bring in advanced dairy technology to China via the platform of this exchange center," Wang Yachun, a scientist at the MOA's China Dairy Research System, told the Global Times Wednesday. China imported around 686,000 tons of milk powder from New Zealand in 2013, up 38.6 percent year-on-year, MOA official Yang Zhenhai said at the press conference.
As a leading global dairy producer, Fonterra alone produces 2 million tons of dairy products each year, and its exports account for one-third of the global dairy trade, media said.
Experts noted that one major task for the New Zealand visiting delegation to China is to restore Chinese consumers' confidence in their dairy products. Fonterra's products were reported to contain the harmful clostridium botulinum in August 2013, though later tests showed that it did not contain the bacteria. Despite this, Fonterra's image was still greatly tarnished.
Chinese consumers still see New Zealand food products as carrying a greater food safety risk than foods imported from many other countries, according to a survey by New Zealand's Massey University carried out in Lanzhou, capital of Northwest China's Gansu Province, Xinhua reported Wednesday.
Song Liang, a dairy analyst at Beijing-based Distribution Productivity Promotion Center of China Commerce, also noted that consumers' confidence in New Zealand's dairy products is not likely to fully recover in the short term. Song noted that China imports around 80 percent of its dairy products from New Zealand at present, but in the future, "it must be diversified, in a bid to guarantee supply and stabilize the prices."
Fonterra announced last week increases in prices for buttermilk and protein, which has prompted speculation that prices for dairy ingredients will be bumped up in the global market, given the company's leading position. When asked by the Global Times at the press conference whether the company will further bump up prices, John Wilson, chairman of Fonterra, said that the global dairy market is "volatile" but "very transparent." "For a very long time we have relied too much on New Zealand and Australia for dairy products, and neglected other places, such as Europe and America, which could also be important sources," Song said.
Michael Boddington from Asian Agribusiness Consulting (AAC) has been involved in agribusiness in Asia since 2000. AAC has office both in Vietnam Ho Chi Minh City and China Beijing. So AAC has a thorough understanding of the Viet Nam and China aqua industry and produces up-to-date research reports on the market. We can offer insights on supply and demand trends and comments on the future structure of Asian agribusiness. If you would like to know more please email This email address is being protected from spambots. You need JavaScript enabled to view it.This email address is being protected from spambots. You need JavaScript enabled to view it.
http://www.ce.cn/cysc/sp/info/201403/19/t20140319_2514026.shtml
Danmark DLG establishes a partnership with China Henan PUAI Feed Group
DLG is establishing a partnership with PUAI Feed Group (a Chinese feed manufacturer), with the Danish Government’s Investment Fund for Developing Countries as a co-investor. The total ownership share in the Chinese company is 25%.
The investment is intended to give DLG access to the Chinese market where Danish pork production know-how in particular has great potential but also in terms of purchasing where a wide range of important Chinese raw materials and ancillary substances can boost DLG's competitiveness in the European market.
PUAI Feed Group generates turnover of around Euro 0.16 billion , and has 1,500 employees and seven factories in China. The present owners took over the company in 2001.The level of production is currently 320,000 tons a year, and the group is experiencing excellent growth with continued expansion in the years ahead.
DLG is currently one of Europe's three largest agricultural companies and will contribute its know-how in the production of quality feedstuffs and vitamin and mineral compounds, but also quality and food safety, while production and sales processes will be managed by PUAI Feed Group.
"From DLG's perspective, our entry into the Chinese market is perfectly in keeping with our overall strategy, where one of our objectives has been to gain a foothold on the Chinese market. This agreement means that we have succeeded in doing so and we have great expectations for it. The agreement expands DLG's position as a significant international player," says Kristian Hundeb?ll, Group CEO of DLG. Kristian Hundeb?ll continues:"DLG is keeping a sharp eye on interesting new pork-production markets like China. Our strategy for entering these markets is through partnership models, acquisitions, etc. Partnerships provide a high level of local familiarity and the possibility of infusing the group with new technical know-how.
http://www.21food.cn/html/news/35/1257344.htm