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British Retail Giant Tesco Completes Exit from Chinese MarketBritish retail behemoth Tesco has sold its remaining joint venture shares to partner company China Resources (Holdings), thereby finalizing its departure from the Chinese market. March 03, 2020
Benjamin Henry
Tomra Unveils New Sorting Technologies at Fruit LogisticaEarlier this month at Fruit Logistica, Tomra Food, Compac and BBC Technologies showcased their new platforms for produce grading, sorting and packing. February 24, 2020
Andrew
[Press Release] Spices & Herbs Global Expo Makes Its Debut at MacfrutMacfrut, the international trade fair for the fruit and vegetable sector, will host a Spices & Herbs Global Expo on May 5–7, 2020, in Rimini, Italy. Spices and officinal and aromatic herbs are a fast-growing global market worth over $6 billion. February 20, 2020
Produce Report
President of ASOEX: Situation in China Could Cause Container ShortageRonald Bown Fernández, president of the Chilean Fruit Exporters Association (ASOEX), has reported that the current situation in China may lead to global shortages in refrigerated containers by March or April. February 17, 2020
Emily F
Alibaba’s New Retail Net Profit Exceeded Expectations by 262.1% in Q2While new retail has been struggling, Alibaba’s new retail business appears to be booming, finding sustainable patterns of profitability and setting new growth points for group revenue. December 01, 2019
Phil K
China to Buy Colombian Bananas, Grant Avocado Market AccessColombian President Ivan Duque Marquez’s recent trip to China has opened the way for China to buy an additional $40 million worth of bananas annually from Colombia, as well as for Colombia to gain formal market access to China for avocados. August 12, 2019
Dan Siekman

Colombian President Ivan Duque Marquez, center, during his visit to China

First-Ever Sale of US Rice to China AnnouncedThe 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

In First Ever Store Closing, YH Super Species Shutters Shanghai Wujiaochang BranchOn 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
Suning Announces RMB 4.8b Deal for 80% Stake in Carrefour ChinaNanjing, 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
Sam’s Club Soon to Have Eight Stores in BeijingSam’s Club expects to operate 40 stores in China by 2020 June 18, 2019
Tim

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