Beef giants on alert after China announces imports probe
The investigation will determine whether a surge in shipments from overseas has hurt China's domestic industry.
02 January 2025
02 January 2025
The investigation will determine whether a surge in shipments from overseas has hurt China's domestic industry.
The acquired businesses generate combined annual sales of approximately US$200m.
Singapore-based agri-food group Wilmar International is to pay around Rs126.91bn ($1.48bn) for the shares.
The cause of the fire and subsequent explosion at its facility in the town of Camilla is being investigated.
Peru-based fresh-produce giant Camposol has named its current interim CEO Ricardo Naranjo as the permanent head of the company.
Guido became CEO in September when new CEO Carl Colizza made changes to his executive team.
The FDF said "high food and drink inflation" helped sales revenue, with volumes in kilograms down more than 16.3%.
Both companies import and distribute food brands from the eastern Mediterranean and Middle East.
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