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Agriculture in Eastern Asia

  • Nigerian Investor Sets Up $135 Million Commodities Exchange

    CHINA, 2017/09/09 A Nigerian startup is developing a new agricultural commodities exchange in Africa’s most populous country to take chance of the government’s efforts to boost farming output to reduce reliance on oil. The exchange, Integrated Produce City Ltd., will be located near the southern city of Benin, about 300 kilometers (186 miles) east of Lagos, Nigeria’s commercial hub, a site accessible to nearby growers of cocoa, palm oil, rubber and cassava, Chief Executive Officer Pat Utomi said in an interview.
  • Vietnam's imports of pesticide rise 7.5 pct in Q1, mostly from China

    CHINA, 2017/04/07 Vietnam's imports of pesticide reached some 180 million U.S. dollars in the initial quarter of 2017, up 7.5 % year-on-year, the Vietnamese Ministry of Agriculture and Rural Development said on Monday. During the period, China came top as the major supplier of Vietnam, accounting for over 50 % of the spending.
  • Kenyan officials benefit from Chinese-funded training on rice production

    CHINA, 2016/03/23 Gladys Mwafungo, a senior agricultural officer in Kenya's coastal county of Kilifi and her five colleagues have sharpened their skills in rice production thanks to a two month training program sponsored by the Chinese Ministry of Commerce in June last year. During an interview with Xinhua on Sunday evening, Mwafungo said her study tour to China's Yuan Longping Agricultural Hitech Institute exposed her to cutting edge technologies on production of hybrid rice. "I went to China mid last year for an exchange program on hybrid rice production sponsored by the Ministry of Commerce. The two month training focused on technologies used in production of high yielding rice varieties," said Mwafungo.
  • China aims to increase Africa's expertise in novel bamboo products

    CHINA, 2015/12/15 China aims to increase Africa's expertise in novel bamboo products through a new knowledge exchange network, it was announced at the COP 21 summit. The country plans to team up with African states to start a partnership that would see knowledge about bamboo growth and products, such as bamboo-based biofuels and charcoal briquettes, transferred to other bamboo-growing nations. The partnership, which was launched at an event on 9 December in Paris, France, will be overseen by INBAR, a China-based intergovernmental organisation that seeks to use bamboo and rattan to reduce poverty and environmental damage. Part of a 20 billion renminbi (US$3.1 billion) fund that China launched in  September to increase South-South cooperation on climate change will be spent on the initiative.
  • Special permit of Industrial and Technology Park is granted

    MONGOLIA, 2015/11/15 The Government of Mongolia is granting soft loan in building industrial and technology park to process animal raw material domestically, renewal of equipment and technology, and increase of cash flow. As well additional subsidy is given to herders who sold their animal products (sheep and camel wool) to domestic factories. Within the framework of this policy, “New Asia Group” LLC was granted in return to its request, with the 4 year appropriate permit to run Industrial and Technology Park in Zavkhan aimag, as presented by the Ministry of Industry and Agriculture.
  • China gives Rwanda CFA Franc 5 billion to promote bamboo culture

    CHINA, 2013/05/16 Bamboo culture Rwanda - China is to give Rwanda CFA Franc 5 billion to support the African country in its bid to process and promote the bamboo culture. Quoting diplomatic sources here, PANA reported that an agreement to that result was signed between the Chinese Deputy Minister of Trade and Cooperation, Li Jinzao, and top Rwandan officials.
  • Agricultural products exchange piloted

    MONGOLIA, 2013/05/13 An agricultural products exchange piloted today with an opening bell at 12.00. Government officials from Ministry of Industry and Agriculture, Agency for equitable Competition and Consumer Rights and 19 brokerage companies gathered at the opening ceremony to participate in the pilot trading.
  • Chinese state group BBCA to build maize processing factory in Brazil

    CHINA, 2013/04/28 Chinese national group BBCA is expected to invest US$320 million in building a factory to process maize in Maracaju, in the Brazilian national of Mato Grosso do Sul, under the terms of a document signed Tuesday in Beijing. Governor André Puccinelli, who signed the transaction, said that this was the biggest project carried out by a Chinese company in Mato Grosso do Sul, which was completed following three years of negotiation “mainly on a legal level.”
  • China Australia’s main client for beef and veal

    CHINA, 2013/04/28 The   general result for the month, while representative of the increase in cattle slaughter and beef production so far in 2013, fell short of half-month estimates for March, most likely due to the shorter working week for Easter. Australia’s beef and veal exports for March increased 5% year-on-year, to 87,742 tonnes swt, with the Chinese market again setting a monthly record high, at 12,320 tonnes swt (Department of Agriculture, Forestry and Fisheries).
  • World Food Prices Decline For Third Month

    EUROPE, 2013/03/19 World food prices dropped for the third successive month in December, owing mainly to lower prices for cereals and oil-seeds, the Food and Agriculture Organization (FAO) said Thursday.