SunOpta Inc., the Canadian food manufacturer that processes more organic soybeans in the U.S. than any other company, is poised to increase investor returns as consumers buy more non-genetically modified and organic foods.
China Mengniu Dairy Co., the country’s largest dairy producer, offered HK$12.5 billion ($1.6 billion) to buy a local infant formula maker as baby food demand surges and the government pushes for safer products.
Major shareholders, senior management and individuals with stakes of more than 5 percent sold a net 24.7 billion yuan ($4 billion) of Chinese A shares in May, the most for a month since June 2009, UBS AG said.
Chinese property prices rose at the fastest pace in more than two years in major cities, defying tougher government curbs and constraining the ability of policy makers to ease credit in response to weakening economic growth.
South Korean producer prices fell 2.6 percent in May from a year earlier, Bank of Korea says in an e-mailed statement. * The decline is at a slower pace after prices fell 2.8 percent in April, the most since October 2009. * Price drops in international raw materials including crude oil contributed to the decline: statement