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BRIEFING - ASIA AGRIBUSINESS - FEB 28, 2006.

Publication: AsiaPulse News

Publication Date: 28-FEB-06
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COPYRIGHT 2006 Asia Pulse Pty Ltd

An executive briefing on agribusiness for Feb 28, 2006, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities.

AUSTRALIA'S CURRENT ACCOUNT DEFICIT WIDENS 6% TO US$10.7 BLN

CANBERRA - Treasurer Peter Costello says Australia can expect the current account deficit to improve in the near future.

Australia's current account deficit widened six per cent to A$14.5 billion (US$10.7 billion) in the December quarter.

CANADIAN FERTILIZER GIANT UPS STAKE IN SINOCHEM HONG KONG

BEIJING - The world's biggest fertilizer enterprise, Canada-based PotashCorp of Saskatchewan Inc, yesterday completed an additional 10.01 per cent purchase of Sinochem Hong Kong Holdings Ltd for US$126 million.

The acquisition boosted PotashCorp's holding in Hong Kong-listed Sinochem Hong Kong (SEHK:0297), the Chinese fertilizer giant known as Sinofert, to 20 per cent.

ASAHI, S'TOMO CHEMICAL, ITOCHU TO LAUNCH FARMING OPS IN CHINA

TOKYO - Asahi Breweries Ltd. (TSE:2502), Sumitomo...

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