Adelaide agricultural park to supply China

A $70 million agricultural park will be built in Adelaide to supply Chinese shops with food and wine after an agreement between South Australian and Chinese governments.

The industrial food park in Adelaide’s north will produce hundreds of containers of food and wine for China’s Shandong province, SA exporter Tony Royal says.

“China’s expanding middle class has an insatiable appetite for high-quality wine and food. However, high tariffs and logistic barrier have constrained the opportunity for export growth,” he said on Wednesday.
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The deal to construct the park was signed at a dinner in Adelaide last night, attended by Premier Jay Weatherill and Shandong’s Communist Party secretary Jiang Yikang.

The agreements is between Armstrong Wines Trading Pty Ltd, Australia Original Ecology Pty Ltd and the Shandong-based Zibo Shoushan Enterprise Co Limited and Shandong Fusheng Food Co Limited.

SA is hosting a 150-strong trade delegation from Shandong this week.

The Government said the agricultural park was in addition to a previously mooted Industrial Food Park to be built in northern Adelaide.

A statement released by the State Government today says that the SA-Shandong consortium had begun construction of a $200 million retail centre in the city of Zibo which will highlight SA food and wine.

Developer William Li said a floor would be devoted to SA products.

“My relationship with South Australia began on a State Government trade mission to China in 2013, where I met Tony Royal and started importing premium wine from Portavin,” Li said.

“We became friends, not just business partners, and during my visits to South Australia I was impressed by the abundance of high quality produce.”

Source:http://indaily.com.au/business/2015/09/09/adelaide-agricultural-park-to-supply-china/

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