Wuliangye, New Hope plan grain joint venture

Top baijiu producer Wuliangye Yibin Co Ltd and leading agribusiness operator New Hope Group Co Ltd have set up a joint venture to turn distillery waste into feed, and raise cows with the feed.

Baijiu is a popular Chinese liquor distilled from fermented sorghum and rice.

Feed for farming cattle that is produced from distillery byproduct costs less than feed from other sources and is competitive in terms of quality, according to industry experts.