China Agri-Industries Holdings Limited

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China Agri-Industries Holdings Limited 中国粮油控股有限公司

Type	State-owned enterprise
Founded	2006
Headquarters	Beijing, China
Area served	People's Republic of China
Key people	Chairman: Mr. Ning Gaoning
Industry	Agricultural products
Parent	COFCO Group
Website	COFCO

China Agri-Industries Holdings Limited (Traditional Chinese:中國糧油控股有限公司, Simplified Chinese:中国粮油控股有限公司) (SEHK: 606) is a leading producer and supplier of processed agricultural products (including oilseed, wheat and rice) in Mainland China. Its service categories are biofuel and biochemical, oilseed processing, rice trading and processing, brewing materials, and wheat prcessing. Its chairman is Mr. Ning Gaoning.

It was splitted from COFCO International Limited (Now China Foods Limited) and listed in the Hong Kong Stock Exchange on 21 March, 2007. Since 10 September, 2007, it has been added to be a member of Hang Seng China-Affiliated Corporations Index Constitute Stock (i.e. Red chip).

[edit] Suspension of biofuel extraction from maize

In June 2007, due to recent rise in cereal prices, the Chinese Central Government suddenly suspended all the projects of the extraction of ethanol biofuel from cereal (especially maize) in Mainland. It seriously hampered the business of China Agri-Industries which used maize to extract ethanol as biofuel. Its stock price sharply dropped just after the news was announced. And it dropped below IPO price (HK$3.72) at the time during the stock market downturn in August 2007 caused by United States subprime mortgage financial crisis. But the price later returned to HK$4.0 to HK$6.0.