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Chia Tai grows in China: CP subsidiary to invest an additional $1 billion

The Chia Tai Group, the Chinese unit of the Thai agribusiness giant Charoen Pokphand, will increase its investment in China of more than US$1 billion (32.4 billion baht) over the next six years.

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Carlyle to Take Stake in China Feed Maker

Carlyle Group said it has agreed to buy an 11.3% stake in animal-feed maker C.P. Pokphand Co. from one of Thailand's biggest agricultural companies for $175 million, a bet by the U.S. investment firm on China's growing appetite for meat.

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Godrej Agrovet Eyes 15% Turnover This Fiscal

Godrej Agrovet is eyeing to achieve 15% growth in its turnover in the existing financial year (20101-11), which stood at Rs 1,600 crore during the last fiscal.

Mr. B S Yadav, company's managing director, said, ''We expect a 15 per cent jump in our topline and 25 per cent in the bottomline. Last year, we had a turnover of over Rs 1,600 crore.''

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South Korea May Use Surplus Rice to Make Animal Feed, Farm Ministry Says

South Korea, the world’s third- largest corn buyer, may use some of the nation’s surplus rice to make animal feed to help stabilize the domestic rice market, according to the farm ministry.

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New income tax to deal a blow to poultry trade

Poultry traders have demanded the withdrawal of new income tax levied on feed production, fearing the hike could land the troubled sector into further crisis.

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