国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Industry Watch

Chinese acquire a taste for olive oil

By Zhong Nan (China Daily) Updated: 2014-03-05 09:02

Despite the fact that olive oil accounts for only 1 percent of China's total edible oil consumption, the country's olive oil imports remained strong and hit 43,400 metric tons in 2013, an increase of 5.8 percent from the previous year.

The growing trade figure has also pushed Chinese companies to seek takeover targets overseas that can help meet demand for olive oil back home.

Chinese acquire a taste for olive oil

Chinese acquire a taste for olive oil
In 2012, six investors from China's textile, garment and agribusiness industries secured a $15.47 million deal for the purchase of the olive oil company Kailis Organic Olive Groves, which owned 3,813 hectares of plantations in Western Australia.

Another major deal was sealed by Jiangxi Qinglong Group, which invested $32 million in Australia to purchase 5,000 hectares of olive plantations last year, as well as half of the shares in Tatiara Olive Processing Pty, a major olive oil processing company in Keith, South Australia.

The Chinese company will invest another $12 million to purchase new equipment and build needed infrastructure to ensure future production. This project is expected to produce 25,716 metric tons of extra virgin olive oil after 15 years and achieve sales revenue of $157 million by then. Both Australia and China will be its main target markets.

"Although Australian olive oil is less renowned than that produced in Italy and Greece, local producers are carrying out strict quality standards to ensure the product's safety," said Shao Yufei, a researcher at the Chinese Academy of Tropical Agricultural Sciences in Beijing.

Shao said a well-developed logistics system, the closer distance to China and appropriate climate conditions are key elements to lure Chinese investment to operate an olive oil business in Australia.

"From a long-term perspective, rising per capita income, an increase in the number of middle-class people and growing demand for more sophisticated food will continue to increase in China," said Zhang Yuxin, a professor at the Chinese Agricultural University in Beijing.

"The biggest attraction of investing abroad is that domestic demand is strong for a number of agricultural products. Products such as olive and palm oil, soybean, beef and certain fruits to a certain extent have become more dependent on foreign markets," Zhang said.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
...
利川市| 雷州市| 阳西县| 连山| 闻喜县| 朝阳市| 邹城市| 利川市| 泗阳县| 侯马市| 甘德县| 乐业县| 北安市| 澜沧| 噶尔县| 兴安县| 霍山县| 海淀区| 毕节市| 肇源县| 乌什县| 内乡县| 迁西县| 梓潼县| 潜山县| 迭部县| 卢氏县| 洛浦县| 闵行区| 攀枝花市| 新乡市| 墨竹工卡县| 杭州市| 会东县| 临汾市| 湘潭县| 肥乡县| 新干县| 合江县| 乌鲁木齐市| 虞城县|