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Comments Off on Japfa to acquire remaining interest in dairy business for US$263.1 million

Japfa to acquire remaining interest in dairy business for US$263.1 million

Posted by | January 2, 2018 |

Japfa Ltd.announced that it has entered into a share purchase agreement to acquire the out standing shares in Austasia from Black River Funds which is managed by proterra Investment Partners LP

AustAsia consists of the company’s two principal subisdiaries – AustAsia Investment Holdings(AIH)pte.Ltd.and AIH2 Pte Ltd.These subsidiaries own the group’s dairy business comprsing dairy farms in China and Indonesia ,as well as its Greenfield milk downstream business

Japfa currently holds a 61.9% and 64.4% stake in AIH and AIH2 respectively,while Black River Funds owns the remaining interest.

Under the proposed transaction,the company will acquire Black River Funds’38.1% stake in AIH and 35.6% stake in AIH2 for an aggregate consideration of US$243.5 millon,which was arrived at,after arm’s length negotiations on “willing-buyer,willing-seller”basis taking into account AustAsia’s earnings and dairy industry earnings multiples

The acquisition wil bolster the japfa’s overall profile.Gaining full control over its dairy business,which has been a strong engine of growth,will enable the group to align AustAsia’s objectives with its long-term strategic goal of becoming a fully integrated milk and food player in emerging markets

In China,AustAisa commands leadership position in terms of raw milk yields,while in Indonesia,its enjoys strong brand equity with Greenfields as the top fresh milk brand.With its upstream milk business substantially in place,the group will now focus on strengthening its downstream capabilities

In addition,with AustAisa as a wholly- owned subsidiary,Japfa will enjoy full contribution from its dairy business which has recorded consistent profitability,despite the prevailing low raw milk price environment

 

 

 

Comments Off on The US-China Economic Relationship

The US-China Economic Relationship

Posted by | December 26, 2017 |

Comments Off on INSIGHT: Antibiotic Growth Promotion to Be Banned in Vietnam, Indonesia as of Jan. 1

INSIGHT: Antibiotic Growth Promotion to Be Banned in Vietnam, Indonesia as of Jan. 1

Posted by | December 20, 2017 |

19 Dec 2017 Source: Feedinfo News Service

19 December 2017- At the beginning of 2018, new regulations will come into effect in two of Southeast Asia’s most important animal feed markets, Indonesia and Vietnam, banning the use of antibiotics for growth promotion. The two countries are among the world’s top 20 feed producers, each estimated to produce between 18 and 19 MMT of feed according to the latest Alltech global feed survey; therefore, the implications of this move are quite sizeable. Representatives of the veterinary drugs management services of each country shared with Feedinfo the background and details of these transformative policies.

Vietnam
In Vietnam, the prohibition was enacted through Decree no.39/2017/ND-CP, passed on April 4, 2017, on the management of animal and aquatic feed, explains Dr. Le Hue, Deputy Chief of Veterinary Drug Management Division in Vietnam’s Department of Animal Health. This law, which replaces previous regulations on animal feed management in place since 2010, calls for an end to the use of antibiotics for growth promotion in livestock and poultry by the end of this year, while antibiotics for the purpose of disease prevention will be phased out by 2021. It is understood that all use of antibiotics in aquatic feed is being eliminated, and that a maximum of two types of antibiotics can be used in terrestrial animal feed.

This Vietnamese decree also contains other rules aimed at codifying the use of antibiotics in the country and blocking the development of antimicrobial resistance, including: prohibitions on using amounts of antibiotics in ways that would leave residues in animal feed products or promote AMR (i.e. using antibiotics outside of proscribed times or for purposes for which they are not authorized), a mandate that facilities making medicated animal feed be staffed by veterinary officers, and specifications for labelling of veterinary antibiotics requiring instructions for the antibiotic’s administration to be attached, as well as surveillance of the development of resistance to over a dozen different antimicrobials, including chloramphenicol, tetracyclines, cephalosporins and tylosin.

According to Dr. Le, the elimination of antibiotic growth promotion had already been publicized in a circular issued in May of 2016 (circular 06/2016/TT-BNN PTNT), a document which had laid out a limited list of antibiotics that could be used for growth promotion purposes only until the end of 2017. “A ban on the use of antibiotics for growth promotion was promulgated by the Ministry of Agriculture and Rural Development more than one year ago, therefore, farmers and companies have already known and had enough time to adapt to this Circular,” she observers. “We encourage farmers to use vaccination and companies to do research and produce probiotic products instead of antibiotic ones.” She also reiterated that veterinary antibiotics would continue to be available for treatment purposes.

Indonesia
In Indonesia, the elimination of antibiotics for growth promotion was part of a decree issued in May known as Permentan N°14/2017 on the classification of animal drugs, although it is understood from industry sources that the policy had been under discussion for years before. Although the new law bans all use of growth promoting antibiotics as of January 1, 2018, the rules will allow certain antibiotics to continue to be used for treatment purposes with a prescription, under the supervision of a veterinarian. Given the country’s concern with the elimination of antibiotics residue from meat, the therapeutic use of antibiotics will be limited to a period of seven days.

According to a spokesperson for Dr. Ni Made Ria Isriyanthi, head of the subdirectorate of veterinary drugs control within the DG of Livestock and Animal Health at the Ministry of Agriculture, the implementation period will see a strengthening of inspections, and the authorities are committed to reaching 100% compliance with the new law by 2019. Since the Permentan was issued, the Ministry has conducted knowledge-sharing activities to increase awareness of responsible antibiotics use with stakeholders including veterinary drug companies, animal feed companies, farmers, and poultry associations. Ultimately, the spokesperson says, the new law will transform Indonesian animal production by increasing biosecurity on the farm and encouraging the replacement of AGPs with eubiotics, enzymes, and other feed additives.

Banning AGPs is one step of a multi-stage effort from the Indonesian Ministry of Agriculture to curb AMR, a push which includes the drafting of a National Action Plan alongside other relevant ministries and agencies, the establishment of antimicrobial surveillance efforts and pilot usage surveys, the launch of an awareness campaign to communicate about the responsible use of veterinary antibiotics, and the creation of an Antimicrobial Resistance Control Committee, among other actions.

 

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Comments Off on Vice Minister Yu Kangzhen meets Belarusian Minister of Agriculture and Food

Vice Minister Yu Kangzhen meets Belarusian Minister of Agriculture and Food

Posted by | December 14, 2017 |

Vice Minister Yu Kangzhen met Mr. Leonid K. Zayats, Minister of Agriculture and Food of the Republic of Belarus, in Beijing on 11 December 2017. The two sides exchanged views on strengthening China-Belarus agricultural cooperation.

Vice Minister Yu welcomed Leonid K. Zayats. He spoke highly of the achievements in bilateral agricultural cooperation and proposed that the two sides strengthen cooperation in agricultural S&T, veterinary service and agricultural trade. Vice Minister Yu hoped that the two sides could promote cooperation in agricultural machinery and encourage respective machinery enterprises to jointly build an agricultural machinery industrial park to make breakthroughs in key technologies and upgrade agricultural equipment.

Leonid K. Zayats fully agreed with Vice Minister Yu and expressed his willingness to work with China to promote greater progress in bilateral agricultural cooperation.

At the end of the meeting, the two sides signed the Action Plan on Agricultural Cooperation between the Ministry of Agriculture of the People’s Republic of China and the Ministry of Agriculture and Food of the Republic of Belarus 2018-2020.

SOURCE:MOA Information Office

Comments Off on China stresses modern agriculture development

China stresses modern agriculture development

Posted by | December 14, 2017 |

BEIJING, Dec. 13 (Xinhua) — China’s State Council Wednesday called for more efforts to foster new types of agricultural businesses in the country.

Projects will be launched to support diverse business entities that integrate different industries and link to the Internet Plus strategy, said a statement released after a State Council meeting chaired by Premier Li Keqiang.

Training plans will be started to cultivate new types of professional farmers to spur entrepreneurship and innovation in rural areas to lift more people out of poverty, the statement said.

The State Council also promised preferential financial, tax, land and power use policies to encourage businesses to process agricultural products.

Financial services will be innovated to facilitate the leasing of large agricultural machinery, the statement said.

DATE:2017-12-14       SOURCE:Xinhua News Agency

Comments Off on China is world’s top vegetable grower: association

China is world’s top vegetable grower: association

Posted by | December 14, 2017 |

 

 KUNMING, Dec. 13 (Xinhua) — A total of 20 million hectares of vegetable fields and over 800 million tonnes of annual output make China the world’s top vegetable grower, authorities said Wednesday.

Dai Zhongjiu, executive president of China Vegetable Marketing Association, made the remarks at a vegetable wholesalers’ conference in Kunming.

“China ranks first in the world in terms of output, sales and export volumes of vegetables. We should do more to build brands and boost quality because people care more about quality, nutrition and taste of vegetables,” he said.

Dai said information technology will also be used to develop the vegetable-growing sector, remove market barriers, raise the income of farmers and meet the growing demands of consumers.

The wholesalers’ conference gathered 300 participating groups, including government authorities from major vegetable growing regions in China, vegetable markets owners and wholesalers.

DATE:2017-12-14       SOURCE:Xinhua News Agency

Comments Off on China should develop its cheese market: agricultural official

China should develop its cheese market: agricultural official

Posted by | December 14, 2017 |

 

 BEIJING, Dec. 13 (Xinhua) — A Chinese agricultural official said Wednesday that China should encourage growth in the cheese market to develop its milk industry.

“Efforts should be made to develop dry dairy products like cheese to improve milk product structure and boost the milk industry,” Vice Agriculture Minister Yu Kangzhen said.

Yu was in Beijing speaking at an event to encourage cheese consumption in schools.

“Despite steady growth in milk product consumption, China’s milk industry still faces issues like structural supply-demand imbalance and weak competitiveness,” Yu said.

China’s per capita cheese consumption remains around 0.1 kg each year, far lower than the global average of 2.6 kg, according to the Dairy Association of China.

Chang Yi, chairman of Beijing Sanyuan Food, said at the event that China’s cheese consumption could grow by more than ten-fold in future, and that he expected the cheese industry to maintain annual growth of 20 percent in the next five years.

The country produced 37.12 million tonnes of milk and 29.93 million tonnes of dairy products last year, ranking third after the United States and India, according to the association.

DATE:2017-12-14       SOURCE:Xinhua News Agency

Comments Off on Quality tracing system introduced in E China

Quality tracing system introduced in E China

Posted by | December 7, 2017 |

 

Zhao Guilan, a villager of Qianzhao Village, picks eggplants in a cooperative greenhouse in Gaoqing County, east China’s Shandong Province, Dec. 6, 2017. Quality tracing system was introduced to Gaoqing County with vegetable having its own QR code which contains basic information for customers to scan.(Xinhua/Zhu Zheng)

Zhao Xueying (L) and Chai Yulu, villagers of Qianzhao Village, pick eggplants in a cooperative greenhouse in Gaoqing County, east China’s Shandong Province, Dec. 6, 2017. Quality tracing system was introduced to Gaoqing County with vegetable having its own QR code which contains basic information for customers to scan.(Xinhua/Zhu Zheng)

Wang Kai, a staff member of a cooperative, presents QR codes which are used for checking the quality of vegetables in Gaoqing County, east China’s Shandong Province, Dec. 6, 2017. Quality tracing system was introduced to Gaoqing County with vegetable having its own QR code which contains basic information for customers to scan.(Xinhua/Zhu Zheng)

Wang Kai, a staff member of a cooperative, attaches QR code for quality tracing to cucumbers which are going to be sold in Gaoqing County, east China’s Shandong Province, Dec. 6, 2017. Quality tracing system was introduced to Gaoqing County with vegetable having its own QR code which contains basic information for customers to scan.(Xinhua/Zhu Zheng)

Li Aiyun (front), a resident of Tianzhen Township, works in a cucumber greenhouse in Gaoqing County, east China’s Shandong Province, Dec. 6, 2017. Quality tracing system was introduced to Gaoqing County with vegetable having its own QR code which contains basic information for customers to scan.(Xinhua/Zhu Zheng)

DATE:2017-12-07       SOURCE:Xinhua News Agency

Comments Off on INDUSTRY NEWS(Wine | Whisky | Baijiu)

INDUSTRY NEWS(Wine | Whisky | Baijiu)

Posted by | December 7, 2017 |

AAC provides agricultural consulting and recruitment service with more than 10 years industry experience across Asia. At Asian Agribusiness Consulting our mission is to promote and develop agribusiness across Asia. We provide specialist research and consulting services for our clients who want to increase their presence in Asia. Our service includes market research, business incubation, business representation, business strategy, inbound and outbound investment, identification distribution partners, and product registration.

For more information, please kindly refer to our Consulting business at: http://www.asianagribusinessconsulting.comand our recruitment business at: https://aartd.com

Please feel free to contact me if we could further assist.

Comments Off on INDUSTRY NEWS(Livestock | Animal Health | Animal Nutrtion)

INDUSTRY NEWS(Livestock | Animal Health | Animal Nutrtion)

Posted by | December 7, 2017 |

AAC provides agricultural consulting and recruitment service with more than 10 years industry experience across Asia. At Asian Agribusiness Consulting our mission is to promote and develop agribusiness across Asia. We provide specialist research and consulting services for our clients who want to increase their presence in Asia. Our service includes market research, business incubation, business representation, business strategy, inbound and outbound investment, identification distribution partners, and product registration.

For more information, please kindly refer to our Consulting business at: http://www.asianagribusinessconsulting.comand our recruitment business at: https://aartd.com

Please feel free to contact me if we could further assist.

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