Asia

More trouble for bankrupt Agfeed

Just one week after AgFeed Industries Inc. was given the green light to sell its U.S. operations to a trio of its competitors. Now, the U.S. Securities and Exchange Commission (SEC) has preliminarily decided to recommend an enforcement action be brought against it on alleged violations of anti-fraud provisions of securities laws. FULL STORY »

U.S. clears Smithfield's acquisition by China's Shuanghui

The U.S. Committee on Foreign Investment has cleared the way for Shuanghui International Holdings Ltd's proposed $4.7 billion acquisition of Smithfield Foods Inc, the companies said on Friday. FULL STORY »

Shuanghui secures $4 billion bank loan

This week Shuanghau International Holdings Inc. announced it has signed a $4 billion loan agreement from a consortium of eight banks, part of the financing the Chinese pork giant needs to acquire Smithfield Foods. FULL STORY »

Coalition issues principles for TPP agreement

An ad hoc coalition of agricultural and food organizations led by the National Pork Producers Council and Cargill has communicated to U.S. trade negotiators its “core” principles for a final, successful Trans-Pacific Partnership (TPP) trade agreement. FULL STORY »

Japanese delegation impressed with U.S. hog farmers

The love of pork is a feeling known on both sides of the Pacific. While Americans are indulging a bacon craze, the Japanese are devouring American pork. FULL STORY »

Opposition to Smithfield deal grows louder

Not everyone approves of Shuanghui International‘s proposed purchase of global pork titan Smithfield Foods, and now a coalition of farm, rural and consumers organizations are speaking out against the deal. FULL STORY »

Election results show Japan’s support for TPP

In a signal of support for the country’s participation in the Trans-Pacific Partnership (TPP) negotiations, voters in Japan backed Prime Minister Shinzo Abe by returning his Liberal Democratic Party (LDP) to power in the House of Councillors of the National Diet. Abe strongly supports the TPP. FULL STORY »

Do black hot dogs pass the taste test? Play video

At one Japanese restaurant, an unusual menu item is piquing customer interest – black hot dogs. FULL STORY »

USMEF: Producer team in Japan to observe marketing activities

The U.S. Meat Export Federation (USMEF) is hosting a contingent of U.S. beef, pork, soybean and corn producers in Japan this week for a firsthand look at specific marketing activities for U.S. beef and pork. FULL STORY »

Smithfield Foods bid reflects China’s quality issues

A Chinese pork producer’s bid for Smithfield Foods Inc. is an attempt to anticipate where broader demand for agricultural goods will head as incomes rise in China, economist Paul Bingham told Agriculture Transportation Coalition conference attendees. FULL STORY »

NPPC: U.S. ag benefits from Japan in TPP talks

Increased pork exports resulting from a Trans-Pacific Partnership (TPP) agreement would create more than 20,000 direct and indirect U.S. pork-related jobs, with the vast majority generated by Japan alone, said the National Pork Producers Council (NPPC) at a press conference held on Monday. FULL STORY »

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