China

A Chinese conglomerate has hit back at critics of its WA farming operations and vowed to press on with plans to invest hundreds of millions of dollars in an integrated supply chain from Albany to China.

Statement published by Xinjiang Production & Construction Corps' website detailing the MOU it signed for agricultural projects in the Ukraine (with an excerpt translated to English).

China National Cereals, Oils and Foodstuffs Corp, known as COFCO, will focus its overseas acquisition drive in the wine and sugar sectors to meet growing demand at home, a senior company official has said.

Ukraine's government-controlled agricultural firm KSG Agro has denied recent Chinese media reports on an alleged agreement that would have seen China leasing 3 million hectares of Ukrainian farmland for the next 50 years.

En temas agrícolas la empresa Beidahuang y el Gobierno acordaron la siembra de 60 mil hectáreas de maíz, arroz y soya en Guárico, Delta Amacuro, Barinas, Apure y Portuguesa.

La Chine va investir dans 3m d'hectares de terres agricoles en Ukraine, ce qui représenterait le plus vaste projet agricole mené par Pékin à l'étranger alors que le pays cherche à garantir ses approvisionnements.

Under the 50-year plan, Ukraine will initially provide China with at least 100,000 hectares - an area almost the size of Hong Kong - of high-quality farmland in the eastern Dnipropetrovsk region

Irrico, the Russia-based agricultural investment company, revealed it is on the verge of doubling its land portfolio as it unveiled it had attracted a third investor, emerging markets private equity group Hong Kong-based ADM Capital.

It has been reported that the state-owned China Investment Corporation and New Zealand dairy giant Fonterra are negotiating to buy Tasmanian dairy farm Van Diemen's Land under a proposed $200 million deal.

Huishan Dairy has received commitments worth $220 million from three cornerstone investors -Norway's Norges Bank, Yili Group and Cofco Agricultural Industry Management - to expand its herd of cows.

Smithfield Foods won national security clearance on Friday for its proposed $4.7 billion sale to a Chinese meat processor, overcoming one of the biggest obstacles to a takeover.

Two Chinese-Canadian entrepreneurs that have been investing in farmland in Manitoba say they will establish an agricultural fund for Chinese investors who want to own a piece of Canada’s agriculture industry.