Yum Brands China on Wednesday signed a deal with 3 large Chinese chicken suppliers over the following 3 years to fend off spot market fluctuations. DaChan Food (Asia) Ltd (HKG: 3999), Fujian Sunner Development Co, and Shandong Xinchang Group are supposed to supply 280,000 metric tons of chicken worth more than ¥5 billion to Yum Brands' Chinese restaurants, including KFC and Pizza Hut stores. Yum currently has dealings with some 30 chicken suppliers on the mainland.
$1 = ¥6.8
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