Sunday 05 September 2010
The sales increase represents a 49 per cent increase over the same period last year.
The increase in turnover was mainly attributable to the Group's anticipated production capacity expansion plans and brand building over the past years, as well as the prosperity of the Chinese consumer market during the Period, which further accelerated demand for branded quality meat products. As a result, the Group's overall business recorded robust growth.
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The 'Grand International Edition' of VIV China will be held in Beijing from September 6-8, 2010. The international world of suppliers and buyers active in China will come together at the NCIEC, located near the international airport.
VIV China reflects growth perspectives
Over 250 national and international exhibitors at VIV China 2010 will represent their solutions within the Feed to Meat chain. The organisers expect a strong representation of buyers from all over China.
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Friday 03 September 2010
China Cosco Holdings Ltd. (1919.HK) said Wednesday it swung to a first-half net profit, as its energy-related bulk and container shipping volume recovered from the global financial downturn.
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Chinese food is largely revered around the world for freshness. Yet modern Chinese living a high-pressure, urban life also value convenience, and one of the companies to benefit the most from growth in the popularity of frozen foods today reported a double-digit rise its first-half profit.
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Thursday 02 September 2010
China Yurun Food Group Limited, a vertically-integrated meat-product processor and supplier in China, announced its interim results for the six months ended 30 June 2010.
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Wednesday 01 September 2010
"In China and elsewhere, large amounts of antibiotics are used in the animal industry to promote growth," says Yong-Guan Zhu, environmental scientist at the Chinese Academy of Sciences.
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Sunday 29 August 2010
"In China and elsewhere, large amounts of antibiotics are used in the animal industry to promote growth," says Yong-Guan Zhu, environmental scientist at the Chinese Academy of Sciences. "Previous studies have connected tetracycline levels and resistance genes in the environment. But these studies may have underestimated the relationship, Zhu says, by overlooking tetracycline degradation products, which can also kill bacteria."
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Agricultural Bank of China Ltd. can claim the title of the world's largest initial public offering after exercising the overallotment option on its Shanghai share sale.
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Friday 27 August 2010
The Ministry of Health (MOH) has been investigating claims that Synutra's infant milk formula was linked to premature development in three infants, however it has now confirmed that no banned hormones were found in the 42 samples of Synutra infant milk formula, including samples from the affected families' homes and 31 samples from 14 other Chinese and foreign infant formula producers.
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Thursday 26 August 2010
Big names like Walmart, Nestle, and Unilever fall easily and often from Uygur entrepreneur Radil Abla’s tongue.
“We have set them as our examples in developing business,” said Abla, general manager of Xinjiang Arman Industrial Co.
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He Xintian, Secretary of the Party Committee of National Animal Husbandry Service, presided over the opening ceremony for this training course and Wang Zhicai, Director-General of the Department of Animal Husbandry of the Ministry of Agriculture, delivered a keynote address titled Current Status of Dairy Production and Raw Milk Quality Control in China.
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The food processing industry is counted among the fastest growing industries in China. The industry has been growing at a double-digit rate on account of rapid economic growth and rising disposable income that has created strong demand for high quality processed food. Changing food consumption pattern and growing appetite for variety of new taste make this industry lucrative for new as well as existing players, says Chinese Processed Food Market Analysis, a new market research report from RNCOS.
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Wednesday 25 August 2010
The price of pork has risen for the 10th straight week to hit 17.09 yuan per kilogram as of August 15, reports cb.com.cn, citing Yao Jian, a spokesperson for the Ministry of Commerce.
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Tuesday 24 August 2010
AgFeed and M2P2 have entered into a binding term sheet summarizing the principle terms of the acquisition and expect to complete the transaction later this month. M2P2 is a leading U.S. hog production company, having set standards of excellence in innovation, productivity and efficiency in pork production. M2P2 is a joint venture partner with AgFeed in AgFeed International Protein Technology Corp. ("AFIPT").
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Supported by underlying strong demand, subdued domestic production and high local beef prices, the rise in imports was due to a 150 per cent surge in frozen beef imports, offsetting a 33 per cent fall in chilled volumes, reports Meat and Livestock Australia.
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Yuhe International, Inc. (Nasdaq: YUII) ("Yuhe" or "the Company"), a leading supplier of day-old chickens raised for meat production, or broilers, in the People's Republic of China ("PRC"), today announced financial results for the quarter ended June 30, 2010.
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Japan lost its place as the world's No. 2 economy to China in the second quarter as receding global growth sapped momentum and stunted a shaky recovery.
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China, whose $2.45 trillion in foreign-exchange reserves are the world’s largest, is turning bullish on Europe and Japan at the expense of the U.S.
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Monday 23 August 2010
AgFeed Industries, Inc., one of the largest independent hog production and animal nutrient companies in China, announced its results for the first half of 2010.
Revenue for the first half reached $90.5 million an increase of 26% compared to the first half of 2009.
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Saturday 21 August 2010
Shares of Zhongpin showed some positive strength yesterday, trading up 0.8% to $14.60 while the broader market, as measured by the S&P 500 was down 0.58%.
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Friday 20 August 2010
Zhongpin Inc, a meat and food processing company in the People's Republic of China, reported higher revenues and net income for the second quarter 2010 from the second quarter 2009.
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Thursday 19 August 2010
China has a lot of people to feed, 1.3 billion of them. Chinese farmers have more or less managed to make ends meet: production of rice, wheat and corn was around 530m tn in 2009.
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Wednesday 18 August 2010
AgFeed Industries, Inc., one of the largest independent hog production and animal nutrient companies in China, today announced its results for the first half of 2010. Revenue for the first half reached $90.5 million an increase of 26 per cent compared to the first half of 2009. Production volumes increased by 92 per cent in the Company's animal nutrition division, and decreased 15 per cent in its Hog Division as compared to the same period in 2009.
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The average price of eggs has increased steadily for 11 weeks, up 12 per cent, and the prices in the first week of August stood at 8.4 yuan per kilo, up nearly two per cent, according to the Ministry.
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AgFeed Industries, Inc one of the largest independent hog production and animal nutrient companies in China, today announced its results for the first half of 2010. Revenue for the first half reached $90.5 million an increase of 26% compared to the first half of 2009. Production volumes increased by 92% in the Company's animal nutrition division, and decreased 15% in its Hog Division as compared to the same period in 2009.
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The Board of Directors of China Minzhong Food Corporation Limited wishes to announce that the Company has completed its investment in the capital of its wholly-owned subsidiary, Fujian Minzhong Organic Food Co., Ltd from US$29,080,000 to US$99,080,000, which had been previously approved by the Board.
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Prices of live pigs saw a general increase, with higher prices in east China and lower prices in southwestern regions, according to the Ministry of Agriculture.
After seeing an increase for 9 weeks in a row, the average prices of live pigs in the first week of August rose to 12 yuan per kilogram, up 1.4 per cent from the previous week. And pork prices grew by 19.4 per cent from the previous week.
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China's trade surplus for July widened to its highest level in a year and a half, government data showed Tuesday, likely adding to the pressure on Beijing to allow faster yuan appreciation.
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Tuesday 17 August 2010
Prices of pork, which accounts for around 3 percent of China's Consumer Price Index (CPI), grew by 0.1 per cent Saturday compared to a day earlier and by around 17 per cent compared to June. The increase in food prices, which accounts for about a third of the index, has been blamed on bad weather.
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Monday 16 August 2010
China could be about to increase its corn imports, offering American farmers a chance for greater profits but making it likely U.S. meat producers who use the grain for feed would have to raise their prices.
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Sunday 15 August 2010
A team of Chinese grain importers recently completed a 10 day U.S. tour to learn more about U.S. agricultural operations and shore up relationships with U.S. grain suppliers. Team members represented interests from Beijing and Shandong Province in the north, the central provinces of Hubei, Fujian and Shanghai, and the southern provinces of Guangdong and Guangxi. The team travelled through Minnesota, Iowa, Illinois, Indiana and California.
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In early July, after three infants in Wuhan, Hubei province, were discovered to have abnormal levels of two hormones - estradiol and prolactin - consumers blamed Synutra, the manufacturer of the infant formula they had been using, reports China Daily.
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Saturday 14 August 2010
Xinhua, the country's offical news agency reports that ministry spokesman Deng Haihua, said at a regular press conference that food safety authorities were already testing samples of milk powder made by Syrutra, a dairy company set up in Qingdao, a coastal city in east China's Shandong Province, in 1998.
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China, with a population of 1.3 billion people, will see food demand increase as rising income levels transform dietary habits and prompt the shift from farming agriculture commodities to manufacturing fertilizers, and from grain production to beef and hogs.
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Friday 13 August 2010
China, the world’s largest pork consumer, has banned meat from a Seaboard Corp. plant in Guymon, Oklahoma, the U.S. Department of Agriculture’s Food Safety and Inspection Service said on its website.
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Thursday 12 August 2010
China’s worst flooding in more than a decade may cut production of rice, cotton and pork in the largest producer, boosting prices and hampering government efforts to keep inflation under 3 percent, analysts said.
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Wednesday 11 August 2010
Zhongpin Inc, a meat and food processing company in the People's Republic of China, reported higher revenues and net income for the second quarter 2010 from the second quarter 2009.
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China’s pork prices jumped 7.1 percent on on average in July compared with the previous month, the National Development and Reform Commission said today.
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Tuesday 10 August 2010
Han Changfu, Minister of Agriculture in China, met with Dr Margaret Chan, Director-General of the World Health Organization (WHO), last week.
Minister Han spoke highly of the positive contribution of WHO headed by Dr Margaret Chan to promoting global health care.
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The speed of service and the ability to quickly adapt menus, packaging and advertising are what makes packaging and advertising are what makes a market leader.And right now, the speed at which fast food companies make the transition into foreign markets, particularly China, is what matters most of all.
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Zhongpin Inc, a leading meat and food processing company in the People's Republic of China, today announced that it will host its second quarter 2010 earnings conference call and live webcast at 8:00 a.m. Eastern Daylight Time on Tuesday, August 10, 2010 (which is 8:00 p.m. in China on the same day).
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Monday 09 August 2010
On 28 July, in accordance with the Plan to Readjust and Rejuvenate Logistics issued by the State Council, the Development Plan for Cold Chain Logistics of Agricultural Produce compiled by the National Development and Reform Commission (NDRC) was formally released.
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Pork prices in China have risen for seven consecutive weeks, bringing the market above the break-even point that it fell below in April, the National Development and Reform Commission said in a statement Thursday.
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Zhongpin Inc., a meat and food processing company in the People's Republic of China, announced it will construct a new slaughtering and processing plant, low temperature prepared pork plant, logistics center, and research & development center in Nong'an county in the Jilin province of China.
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Sunday 08 August 2010
Speaking through a translator, JCI’s Hanver Li told those at the US Grains Council’s 50th Annual Board of Delegates Meeting that demand for corn in China is simply outstripping the country’s production trend. China’s economy continues to grow, he explained, which is driving an increase in demand for meat, milk and eggs because as incomes rise, food is one of the first items people look to buy.
In fact, JCI estimates that meat consumption per capita will grow from 59 kg in 2005 to 61.7 kg this year to 63.1 kg in 2015. Milk consumption will grow from 22.0 in 2005 to 30.1 and 33.4 in that same time frame, while aquatic products will grow from 39.2 to 44.1 and 48.9. Mr Li said rural areas will drive meat demand, while urban centers will drive milk and aquatic products demand.
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The common shares began trading on 20 July under the ticker symbol "OINK" on the Nasdaq Global Market.
Tianli Agritech CEO Ms. Hanying Li said: "We are very pleased for our company to begin trading on the Nasdaq Global Market. This is recognition of the growth and success of our company so far. We greatly appreciate the support from initial shareholders. We will work hard to continue to build shareholder value."
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China has overtaken Japan to become the world's second-largest economy, the fruit of three decades of rapid growth that has lifted hundreds of millions of people out of poverty.
Depending on how fast its exchange rate rises, China is on course to overtake the United States and vault into the No.1 spot sometime around 2025, according to projections by the World Bank, Goldman Sachs and others.
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Saturday 07 August 2010
Yuhe International, supplier of day-old broilers in the People's Republic of China, has announced that the company's wholly owned subsidiary, Weifang Yuhe Poultry Co., Ltd., has entered into an asset purchase agreement with Liaoning Haicheng Songsen Stock Farming and Feed Company Limited to purchase 5 breeder farms in Haicheng City, Liaoning Province for RMB21.3 mln (approx. US$3.1 mln).
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China could be about to increase its corn imports, offering American farmers a chance for greater profits but making it likely U.S. meat producers who use the grain for feed would have to raise their prices.
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China, the world’s largest pork consumer, has banned meat from a Seaboard Corp. plant in Guymon, Oklahoma, the U.S. Department of Agriculture’s Food Safety and Inspection Service said on its website. Meat packed as of June 21 is not eligible for export, the USDA said. The plant produces pork, according to the company’s website.
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Zhongpin Inc., a leading meat and food processing company in the People's Republic of China, today announced it will construct a new slaughtering and processing plant, low-temperature prepared pork plant, logistics centre, and research & development centre in Nong'an county in the Jilin province of China. Zhongpin expects to invest about US$61.5 million in the new facility.
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Friday 06 August 2010
Forty representatives of the Chinese red meat industry covering retail, foodservice, processors, institutional sales and marketing gathered in Beijing and Shanghai recently to meet with USMEF representatives to receive training on U.S. pork and beef and better understand the quality and safety characteristics that are associated with U.S. red meat.
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Speaking through a translator, JCI’s Hanver Li told those at the US Grains Council’s 50th Annual Board of Delegates Meeting that demand for corn in China is simply outstripping the country’s production trend. China’s economy continues to grow, he explained, which is driving an increase in demand for meat, milk and eggs because as incomes rise, food is one of the first items people look to buy.
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Pork prices in China have risen for seven consecutive weeks, bringing the market above the break-even point that it fell below in April, the National Development and Reform Commission said in a statement Thursday.
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Thursday 05 August 2010
Han Changfu, Minister of Agriculture, met with Dr Margaret Chan, Director-General of the World Health Organization (WHO) yesterday.
Minister Han spoke highly of the positive contribution of WHO headed by Dr Margaret Chan to promoting global health care. He then elaborated on the current situation of and measures for issues concerning national food security, quality and safety of agricultural produce, animal epidemics, zoonoses, and tobacco planting, and expressed appreciation to WHO for its active coordination with and great support to the Ministry of Agriculture (MOA) in the above-mentioned areas.
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China has urged local governments to put a stop to hoarding and price speculation in agricultural markets, a notice issued by the state planning agency said on Wednesday.
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The food safety scandals that have plagued China in recent years have fostered people's interest in organic food. But the surging demand has created fierce competition, and the lack of relevant support has made life difficult on private organic farms.
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China will order government reserves to halt buying of domestic grain and oilseed products if prices surge above set levels to maintain market order, the National Development and Reform Commission said.
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Tuesday 03 August 2010
Zhongpin to Build New Pork Plant and Cold-chain Logistics Center in Northeastern China
New Plant Will Have an Annual Capacity of 125,000 Metric Tons for Pork Products
SOURCE Zhongpin Inc. VIA PR Newswire on MarketWatch
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In the first half of this year, departments of animal husbandry and veterinary at all levels continued the effort to strengthen the establishment of the prevention system and intensify measures of animal epidemic prevention, according to an official source. Those efforts have helped strengthen the veterinary work system, boost its capacity, facilitate the prevention and control of fatal animal epidemics, and safeguard quality and safety of animal products.
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