{"id":14717,"date":"2016-01-04T14:34:28","date_gmt":"2016-01-04T06:34:28","guid":{"rendered":"http:\/\/westchina.austcham.org\/?p=14717"},"modified":"2016-01-04T14:34:28","modified_gmt":"2016-01-04T06:34:28","slug":"fatp040116","status":"publish","type":"post","link":"https:\/\/westchina.austcham.org\/?p=14717","title":{"rendered":"Food &#038; Agribusiness Talking Points 04-01-2016"},"content":{"rendered":"<p><a href=\"http:\/\/westchina.austcham.org\/wp-content\/uploads\/sites\/5\/2015\/12\/fa-picture1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-14231\" src=\"http:\/\/westchina.austcham.org\/wp-content\/uploads\/sites\/5\/2015\/12\/fa-picture1-300x87.jpg\" alt=\"f&amp;a picture\" width=\"479\" height=\"139\" \/><\/a><\/p>\n<p><strong>Exports to Korea Rise<\/strong><\/p>\n<p>Exports to Korea have risen as tariffs have fallen with the next stage of the Korea-Australia Free Trade Agreement taking force. Exports of fresh cherries have risen five thousand per cent following the January first cuts. Fresh, chilled and frozen beef is one of Australia\u2019s largest exports to Korea worth some $1.07 Billion AUD, the current tariff rate of 34.6% will drop to 32% from the original 40% before the introduction of the Free Trade Agreement. Nuts and Brussel Sprouts are also benefiting from the Free Trade Agreement with tariffs considerably comparing to pre agreement rates. Click <a href=\"http:\/\/www.theland.com.au\/story\/3634444\/exports-to-korea-on-the-rise\/?cs=4932\">here<\/a> for article.<\/p>\n<p><strong>Cofco buy out Noble Agri\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/strong><\/p>\n<p>In further moves to show its position as a world force, Cofco has followed up its initial 51% share in Noble Agri, paying $750 million to take a 100% stake in the Fortune 500 Company. The company will be renamed Cofco Agri and will according to former Archer Daniels Midland boss Matt Jansen \u201ca strong step towards our guiding vision\u2026world class global agri-business\u201d. The move will give some much needed capital for Noble Agri to help balance their books. Click <a href=\"http:\/\/www.agrimoney.com\/news\/cofco-trumpets-global-growth-as-it-buys-full-control-of-noble-agri--9138.html\">here<\/a> for article.<\/p>\n<p><strong>Rural E-Commerce boom in China<\/strong><\/p>\n<p>According to Alibaba, China is experiencing a boom in e-commerce in rural areas, with 780 million villages having online shopping transactions exceeding 10 million renminbi. This is an increase of 268% on the year, with Zhejiang, Guangdong and Jiangsu seeing the largest growth. Villages with large volumes of e-commerce are called \u201cTaobao Villages\u201d, where generally up to 100 businesses or 10% of household are involved in e-commerce, some 780 of these villages exist around the Chinese provinces. Click <a href=\"http:\/\/english.agri.gov.cn\/news\/dqnf\/201512\/t20151231_164242.htm\">here<\/a> for article.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Exports to Korea Rise Exports to Korea have risen as tariffs have fallen with the next stage of the Korea-Australia Free Trade Agreement taking force. Exports of fresh cherries have &hellip;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[38,26],"tags":[],"class_list":["post-14717","post","type-post","status-publish","format-standard","hentry","category-food-agri","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/westchina.austcham.org\/index.php?rest_route=\/wp\/v2\/posts\/14717","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/westchina.austcham.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/westchina.austcham.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/westchina.austcham.org\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/westchina.austcham.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14717"}],"version-history":[{"count":1,"href":"https:\/\/westchina.austcham.org\/index.php?rest_route=\/wp\/v2\/posts\/14717\/revisions"}],"predecessor-version":[{"id":14718,"href":"https:\/\/westchina.austcham.org\/index.php?rest_route=\/wp\/v2\/posts\/14717\/revisions\/14718"}],"wp:attachment":[{"href":"https:\/\/westchina.austcham.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14717"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/westchina.austcham.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14717"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/westchina.austcham.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14717"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}