1. Chongqing Grain Group Seeking More Oversea InvestmentSummary: CGG plans to invest USD1.2 billion to build grain production bases inArgentina, after it built a grain production base in Brazil last year.Tag: agriculture, investment, CGG, grain production base, soybean, corn, cotton, agriculturalbusiness, overseas, production base, agricultural productChongqing Grain Group Co., Ltd. (CGG), one of the leading state-owned grain companies inChina, plans to invest USD1.2 billion to build grain production bases in Argentina this year, for theplanting of soybean, corn, cotton, etc., reported by Xinhua News, the official press agency ofChinese government, according to CCM’s March issue of AgriChina Investor.Facing strong demand for oversea soybean, corn, cotton, etc., Chongqing government believes itis a good chance to invest in agricultural business in oversea countries. According to an officialfrom Chongqing Foreign Trade and Economic Relations Commission, in 2012, Chongqing plansto invest USD6 billion to develop agricultural business in oversea countries such as Argentina,Brazil, Canada, etc. Among the total, CGGs USD1.2 billion investment will be the most importantone this year.After the completion of the investment, the purchase cost of soybean will be 20% lower whenpurchasing from producers rather than large international grain dealers. Besides, CGG can getmore control over the price of soybean from oversea market.Latest news said that CGG has registered a company in Argentina with the registered capital ofUSD10 million. The first-phase investment will hit USD99.89 million. Besides the investment inArgentina, CGG also plans to develop canola business in Canada and Australia, rice business inCambodia and palm oil business in Malaysia.In fact, this is not the first time for CGG to develop agricultural business in oversea countries. Thecompany has built a soybean production base in Brazil last year and imported the first batch ofsoybean (0.26 million tonnes) from its oversea soybean production base in Sept. 2011."Under the guidance of the government, we plan to build a comprehensive industrial chain: buildoversea production bases; offer financial support and services; offer storage and logisticssupport; provide agricultural production means and then distribute the products to domesticmarket." said Mr. Hu, President of CGG.
2. CGG plans to import 10 million tonnes of soybean from its oversea production bases, which willnot only meet the demand in Chongqing City, but also can be marketed to surrounding areas.Besides direct import of soybean from Brazil, CGG also plans to build some soybean processingfactories in the country, which is welcomed by the Brazil government.Besides CGG, some other companies, such as Zhejiang Fudi Agriculture Group and JulongGroup have also invested to build crop planting bases in oversea countries.Other big state-owned companies are also planning to develop agricultural business in overseacountries, including Chinatex Corp Ltd., Chinas largest cotton trader, and COFCO, Chinaslargest grains and edible oil trader. COFCO reveals that it plans to invest USD10 billion inoversea mergers and acquisitions in agricultural industry in the coming years.It is very easy to understand companies objectives to invest in oversea countries, under thebackground of strong demand and limited farmland. China is the biggest soybean importer in theworld, but domestic soybean importers have to import soybean from large international graindealers. Domestic companies hope the purchase cost can be reduced with the building ofoversea production bases. However, some insiders think it will be hard to achieve the objective.First, the cost in building production bases in oversea countries is very huge, especially bypurchasing farmland. Besides, the purchase of farmland has to face restriction by overseacountries. Last but not the least, they have to face fierce competition from large international graindealers who are masters for both actuals and futures in agricultural products.Source: AgriChina Investor 1203http://www.cnchemicals.com/Newsletter/NewsletterDetail_192.htmlContent of AgriChina Investor 1203:Government to support leading agricultural enterprisesDraft of Grain Law raised disputesCentral governments agricultural expenditure to hit USD194 billion in 2012China may relax restriction on rapeseed import from CanadaCOFCO to expand its dorking capacity in West ChinaSteel super giant WISCO to build pig farmShuanghui accelerating its restructuring
3. Huiyuan Group to invest in vineyard businessChongqing Grain Group seeking more oversea investmentCross-segments expansion of large-scale grain & food processorsEcological farming: A promising approach to ensure grain securityDomestic corn planting area keeps increasing……AgriChina Investor, periodically published on 25th every month, offers timely update and closefollow up of agriculture investment in China, analyzing market data and trends, as well as relatedpolicies. Major columns include investment environment, investment dynamics, market watcher,market review etc.If you are interested in AgriChina Investor, please do not hesitate to contact us by+86-20-37616606, or email us at econtact@cnchemicals.com.About CCMCCM is dedicated to market research in China, Asia-Pacific Rim and global market. With a staff ofmore than 150 dedicated highly-educated professionals. CCM offers Market Data, Analysis,Reports, Newsletters, Buyer-Trader Information, Import/Export Analysis all through its newproprietary product ValoTracer. For more information, please visit http://www.cnchemicals.com.CCM International Ltd.Guangzhou CCM Information Science & Technology Co., Ltd.17th Floor, Huihua Commercial & Trade Mansion, No.80 Xianlie Zhong Road, Guangzhou510070, ChinaTel: 86-20-37616606Email: econtact@cnchemicals.comSource: http://www.cnchemicals.com/PressRoom/PressRoomDetail_w_1012.html
1. Chongqing Grain Group Seeking More Oversea InvestmentSummary: CGG plans to invest USD1.2 billion to build grain production bases inArgentina, after it built a grain production base in Brazil last year.Tag: agriculture, investment, CGG, grain production base, soybean, corn, cotton, agriculturalbusiness, overseas, production base, agricultural productChongqing Grain Group Co., Ltd. (CGG), one of the leading state-owned grain companies inChina, plans to invest USD1.2 billion to build grain production bases in Argentina this year, for theplanting of soybean, corn, cotton, etc., reported by Xinhua News, the official press agency ofChinese government, according to CCM’s March issue of AgriChina Investor.Facing strong demand for oversea soybean, corn, cotton, etc., Chongqing government believes itis a good chance to invest in agricultural business in oversea countries. According to an officialfrom Chongqing Foreign Trade and Economic Relations Commission, in 2012, Chongqing plansto invest USD6 billion to develop agricultural business in oversea countries such as Argentina,Brazil, Canada, etc. Among the total, CGGs USD1.2 billion investment will be the most importantone this year.After the completion of the investment, the purchase cost of soybean will be 20% lower whenpurchasing from producers rather than large international grain dealers. Besides, CGG can getmore control over the price of soybean from oversea market.Latest news said that CGG has registered a company in Argentina with the registered capital ofUSD10 million. The first-phase investment will hit USD99.89 million. Besides the investment inArgentina, CGG also plans to develop canola business in Canada and Australia, rice business inCambodia and palm oil business in Malaysia.In fact, this is not the first time for CGG to develop agricultural business in oversea countries. Thecompany has built a soybean production base in Brazil last year and imported the first batch ofsoybean (0.26 million tonnes) from its oversea soybean production base in Sept. 2011."Under the guidance of the government, we plan to build a comprehensive industrial chain: buildoversea production bases; offer financial support and services; offer storage and logisticssupport; provide agricultural production means and then distribute the products to domesticmarket." said Mr. Hu, President of CGG.2. CGG plans to import 10 million tonnes of soybean from its oversea production bases, which willnot only meet the demand in Chongqing City, but also can be marketed to surrounding areas.Besides direct import of soybean from Brazil, CGG also plans to build some soybean processingfactories in the country, which is welcomed by the Brazil government.Besides CGG, some other companies, such as Zhejiang Fudi Agriculture Group and JulongGroup have also invested to build crop planting bases in oversea countries.Other big state-owned companies are also planning to develop agricultural business in overseacountries, including Chinatex Corp Ltd., Chinas largest cotton trader, and COFCO, Chinaslargest grains and edible oil trader. COFCO reveals that it plans to invest USD10 billion inoversea mergers and acquisitions in agricultural industry in the coming years.It is very easy to understand companies objectives to invest in oversea countries, under thebackground of strong demand and limited farmland. China is the biggest soybean importer in theworld, but domestic soybean importers have to import soybean from large international graindealers. Domestic companies hope the purchase cost can be reduced with the building ofoversea production bases. However, some insiders think it will be hard to achieve the objective.First, the cost in building production bases in oversea countries is very huge, especially bypurchasing farmland. Besides, the purchase of farmland has to face restriction by overseacountries. Last but not the least, they have to face fierce competition from large international graindealers who are masters for both actuals and futures in agricultural products.Source: AgriChina Investor 1203http://www.cnchemicals.com/Newsletter/NewsletterDetail_192.htmlContent of AgriChina Investor 1203:Government to support leading agricultural enterprisesDraft of Grain Law raised disputesCentral governments agricultural expenditure to hit USD194 billion in 2012China may relax restriction on rapeseed import from CanadaCOFCO to expand its dorking capacity in West ChinaSteel super giant WISCO to build pig farmShuanghui accelerating its restructuring3. Huiyuan Group to invest in vineyard businessChongqing Grain Group seeking more oversea investmentCross-segments expansion of large-scale grain & food processorsEcological farming: A promising approach to ensure grain securityDomestic corn planting area keeps increasing……AgriChina Investor, periodically published on 25th every month, offers timely update and closefollow up of agriculture investment in China, analyzing market data and trends, as well as relatedpolicies. Major columns include investment environment, investment dynamics, market watcher,market review etc.If you are interested in AgriChina Investor, please do not hesitate to contact us by+86-20-37616606, or email us at econtact@cnchemicals.com.About CCMCCM is dedicated to market research in China, Asia-Pacific Rim and global market. With a staff ofmore than 150 dedicated highly-educated professionals. CCM offers Market Data, Analysis,Reports, Newsletters, Buyer-Trader Information, Import/Export Analysis all through its newproprietary product ValoTracer. For more information, please visit http://www.cnchemicals.com.CCM International Ltd.Guangzhou CCM Information Science & Technology Co., Ltd.17th Floor, Huihua Commercial & Trade Mansion, No.80 Xianlie Zhong Road, Guangzhou510070, ChinaTel: 86-20-37616606Email: econtact@cnchemicals.comSource: http://www.cnchemicals.com/PressRoom/PressRoomDetail_w_1012.html
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1. Chongqing Grain Group Seeking More Oversea InvestmentSummary: CGG plans to invest USD1.2 billion to build grain production bases inArgentina, after it built a grain production base in Brazil last year.Tag: agriculture, investment, CGG, grain production base, soybean, corn, cotton, agriculturalbusiness, overseas, production base, agricultural productChongqing Grain Group Co., Ltd. (CGG), one of the leading state-owned grain companies inChina, plans to invest USD1.2 billion to build grain production bases in Argentina this year, for theplanting of soybean, corn, cotton, etc., reported by Xinhua News, the official press agency ofChinese government, according to CCM’s March issue of AgriChina Investor.Facing strong demand for oversea soybean, corn, cotton, etc., Chongqing government believes itis a good chance to invest in agricultural business in oversea countries. According to an officialfrom Chongqing Foreign Trade and Economic Relations Commission, in 2012, Chongqing plansto invest USD6 billion to develop agricultural business in oversea countries such as Argentina,Brazil, Canada, etc. Among the total, CGGs USD1.2 billion investment will be the most importantone this year.After the completion of the investment, the purchase cost of soybean will be 20% lower whenpurchasing from producers rather than large international grain dealers. Besides, CGG can getmore control over the price of soybean from oversea market.Latest news said that CGG has registered a company in Argentina with the registered capital ofUSD10 million. The first-phase investment will hit USD99.89 million. Besides the investment inArgentina, CGG also plans to develop canola business in Canada and Australia, rice business inCambodia and palm oil business in Malaysia.In fact, this is not the first time for CGG to develop agricultural business in oversea countries. Thecompany has built a soybean production base in Brazil last year and imported the first batch ofsoybean (0.26 million tonnes) from its oversea soybean production base in Sept. 2011."Under the guidance of the government, we plan to build a comprehensive industrial chain: buildoversea production bases; offer financial support and services; offer storage and logisticssupport; provide agricultural production means and then distribute the products to domesticmarket." said Mr. Hu, President of CGG.
2. CGG plans to import 10 million tonnes of soybean from its oversea production bases, which willnot only meet the demand in Chongqing City, but also can be marketed to surrounding areas.Besides direct import of soybean from Brazil, CGG also plans to build some soybean processingfactories in the country, which is welcomed by the Brazil government.Besides CGG, some other companies, such as Zhejiang Fudi Agriculture Group and JulongGroup have also invested to build crop planting bases in oversea countries.Other big state-owned companies are also planning to develop agricultural business in overseacountries, including Chinatex Corp Ltd., Chinas largest cotton trader, and COFCO, Chinaslargest grains and edible oil trader. COFCO reveals that it plans to invest USD10 billion inoversea mergers and acquisitions in agricultural industry in the coming years.It is very easy to understand companies objectives to invest in oversea countries, under thebackground of strong demand and limited farmland. China is the biggest soybean importer in theworld, but domestic soybean importers have to import soybean from large international graindealers. Domestic companies hope the purchase cost can be reduced with the building ofoversea production bases. However, some insiders think it will be hard to achieve the objective.First, the cost in building production bases in oversea countries is very huge, especially bypurchasing farmland. Besides, the purchase of farmland has to face restriction by overseacountries. Last but not the least, they have to face fierce competition from large international graindealers who are masters for both actuals and futures in agricultural products.Source: AgriChina Investor 1203http://www.cnchemicals.com/Newsletter/NewsletterDetail_192.htmlContent of AgriChina Investor 1203:Government to support leading agricultural enterprisesDraft of Grain Law raised disputesCentral governments agricultural expenditure to hit USD194 billion in 2012China may relax restriction on rapeseed import from CanadaCOFCO to expand its dorking capacity in West ChinaSteel super giant WISCO to build pig farmShuanghui accelerating its restructuring
3. Huiyuan Group to invest in vineyard businessChongqing Grain Group seeking more oversea investmentCross-segments expansion of large-scale grain & food processorsEcological farming: A promising approach to ensure grain securityDomestic corn planting area keeps increasing……AgriChina Investor, periodically published on 25th every month, offers timely update and closefollow up of agriculture investment in China, analyzing market data and trends, as well as relatedpolicies. Major columns include investment environment, investment dynamics, market watcher,market review etc.If you are interested in AgriChina Investor, please do not hesitate to contact us by+86-20-37616606, or email us at econtact@cnchemicals.com.About CCMCCM is dedicated to market research in China, Asia-Pacific Rim and global market. With a staff ofmore than 150 dedicated highly-educated professionals. CCM offers Market Data, Analysis,Reports, Newsletters, Buyer-Trader Information, Import/Export Analysis all through its newproprietary product ValoTracer. For more information, please visit http://www.cnchemicals.com.CCM International Ltd.Guangzhou CCM Information Science & Technology Co., Ltd.17th Floor, Huihua Commercial & Trade Mansion, No.80 Xianlie Zhong Road, Guangzhou510070, ChinaTel: 86-20-37616606Email: econtact@cnchemicals.comSource: http://www.cnchemicals.com/PressRoom/PressRoomDetail_w_1012.html
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