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Walmart Plans to Invest $1.2b in China Supply Chain Logistics

Walmart announced on July 1 that it intended to invest RMB 8 billion ($1.2 billion) in its supply chain logistics in China, including ”building or upgrading more than 10 logistics distribution centers” here over the coming 10- to 20-year period.

 July 09, 2019
Dan Siekman
First-Ever Sale of US Rice to China Announced

The Sun Valley Rice Company, LLC, a member of the LaGrande Family Foods Group located in California’s Sacramento Valley, has become the first US rice company to finalize a contract to sell rice to China.

 July 08, 2019
Dan Siekman

Jim Guinn, Director, Asia Promotion Programs, USA Rice Federation; William Li, Overseas Director, Shenzhen Yintuo & Vice President, Dragon Ocean Hing Group, Jim Levy, U.S. Consul General to China, U.S. Embassy; Chris Zhang, President, Dragon Ocean Hing Group; Erin O’Donnell, Assistant Vice President of Global Rice Trading, Sun Valley Rice; Bobby Richey Jr., Minister-Counselor for Agricultural Affairs in China, USDA. Image: Sun Valley Rice
[Press Release] Selecting the Best for Asia

Grading and sorting solutions are key to meeting Asia’s fast-growing demand for high-quality fresh produce, and visitors to ASIA FRUIT LOGISTICA will find world-leading technologies on display

 July 08, 2019
Produce Report
In First Ever Store Closing, YH Super Species Shutters Shanghai Wujiaochang Branch

On July 4, Super Species marked an inevitable but inglorious new milestone: the first closing of one of its stores. The Super Species Shanghai Wujiaochang store had originally opened in November of 2017.

 July 07, 2019
Dan Siekman
[Press Release] Fruit Logistica Presents Buyers with Exciting 2020 Vision

What is your 2020 vision? For the thousands of trade buyers returning to leading international fruit and vegetable trade fair FRUIT LOGISTICA on February 5–7, 2020, the outlook is certainly going to be an inspiring and exciting one, filled with the freshest ideas and opportunities.

 July 04, 2019
Produce Report
Domestic Air Freight and Hema Bring Fresh Apricots to Chinese Consumers

The popularity and success in major Chinese cities of this season’s apricots from northwestern China’s Xinjiang region demonstrates the increasing viability in China of domestic air freight as a means of getting fresh fruit to market.

 July 03, 2019
Dan Siekman
China Announces Pilot Tariff Relief Program for Importers of US Goods

The Tax Policy Department of China’s Ministry of Finance (MoF) has announced the launch of a trial program that will let Chinese importers of certain American products apply for temporary relief of additional tariffs added to those products by China during the trade conflict that has been ongoing between the US and China since March of last year—as well as to apply for refund of added tariffs the importer has already paid during that period.

 July 02, 2019
Dan Siekman
Cold Treatment No Longer Required for Turkish Cherries Imported to China

With the recent removal of a Chinese requirement that cherries exported from Turkey to China undergo a 16-day cold treatment period, the China market is now open to the large majority of the Turkish cherry crop, and exports are expected to rise significantly over coming seasons.

 July 01, 2019
Dan Siekman
Garlic Prices in China Recovering

Large quantities of fresh garlic have started to appear on the Chinese market, despite the total planting area in China being at its lowest point since 2015.

 June 25, 2019
poqmars
Suning Announces RMB 4.8b Deal for 80% Stake in Carrefour China

Nanjing, China-based retailer Suning.com announced on June 23 that it intends to purchase an 80% stake in French hypermarket retailer Carrefour’s China operations for a sum of RMB 4.8 billion ($698 million). Carrefour will retain the remaining 20% share.

 June 25, 2019
Dan Siekman

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