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China Agricultural Newsletter - April 2014

The China Agricultural Update is provided by the Iowa Economic Development Authority's (IEDA) office in China, which is operated by Phoenix Consulting LLC. Ms. Wendy Zhang, IEDA's trade specialist in the China office, can provide customized market research information for your company. For more information on how to utilize the services offered by IEDA's Beijing Office, please contact Mr. Joseph Rude at joseph.rude@iowa.gov.

Laws, Regulations and Policies

China's next 5-year plan eyes deepening reforms

BEIJING, April 17 (Xinhua) - China's top economic planning body on Thursday said that it has started to formulate the 13th Five-Year Plan covering 2016 to 2020, with deepening reforms and shifting the country's economic growth model at the forefront.

China rules out strong economic stimulus

BEIJING, April 23 - China will not roll out short-term economic stimulus measures because of an economic slowdown, the country's top economic planning body said on Wednesday.

China to maintain high grain output in 2014-2023

BEIJING - China will maintain a high rate of self-sufficiency in major grain output and realize the food security target for the next ten years, according to an official report published Sunday.

China to boost crop insurance

China will intensify its efforts to promote crop insurance, with insured farm produce to cover 60 percent of the country's cultivated land by 2020, the country's top insurance regulator said on Monday.

New rule on organic food effective

A new rule on organic food certification came into effect on Tuesday amid the country's effort to regulate the chaotic certification market and protect consumers' interest.

China bans imports of US live pigs amid PEDv concerns

Amid concerns about a fatal swine virus, China has imposed tougher restrictions for imports of live pigs from the US, according to the USDA and livestock-industry officials.

China eases control on overseas investment by companies

BEIJING, April 10 (Xinhua) - China has taken measures to ease controls on Chinese companies' overseas investments, the National Development and Reform Commission (NDRC) said Thursday.

Industry and Business Watch

Denmark allowed to export heat-treated pork products to China

Denmark and China have signed an agreement on imports of heat-treated pork products to the Chinese markets, paving the way for Danish companies to export sausages, salami and other pork products.

China releases its first report on agricultural outlook

The 2014 China Agriculture Outlook Conference was held in Beijing on April, 20. The Conference was hosted by the Agricultural Information Institute (AII) of Chinese Academy of Agricultural Sciences (CAAS).

China to maintain high grain output in 2014

China will maintain a high rate of self-sufficiency in major grain output and realize the food security target for the next ten years, according to an official report published Sunday.

China's agricultural foreign trade growth slows: report

Chinese agriculture's dependence on foreign trade will keep declining, with total import and export growth for agricultural products predicted to be lower than 5 percent in 2014, a think tank report said Friday.

China to continue grain imports

Farmers in the United States will continue to be big beneficiaries of China's surging demand for international agricultural products this year, soybeans, corn and meat in particular.

China to become largest corn importer in 2020

A recent forecast from USDA underlined that China will become the world’s largest corn importer by 2020.

China's soy imports likely to fall in Q2 2014

As processors cannot cover their costs with a bird flu outbreak sapping demand for the animal feed ingredient they make, Chinese soy imports could fall below 15 million tonnes in the third quarter from 18.25 million in the same period last year, traders and industry officials said. 

Importers default on soy cargoes

Chinese importers have defaulted on at least 500,000 tons of US and Brazilian soybean cargoes worth around $300 million, as they struggle to get credit due to losses in processing beans, trade sources said on Thursday.

Brazil's soy export estimate falls on lower China demand

Due to weaker Chinese demand, Brazil would export 43 million tonnes of soy from this season’s nearly harvested crop, down from its forecast of 44 million tonnes a month earlier, according to Brazilian soy crushing association Abiove.

China to buy UK organic meat

Following the announcement of a new export partnership, China will soon be able to buy organicBritish meat.

France to export ham and cold cuts to China

The French and Chinese government signed a trade agreement allowing France’s pig meat including hams, sausages and other meats to enter the world’s biggest market for pork, report the Wall Street Journal.

China's beef imports may double by 2018 amid structural supply deficit

Local Chinese beef producers are having a difficult time catching up demand in China’s beef market, with the structural supply deficit expected to force an increase in beef imports – including smuggled beef – of nearly 20%, or even double the current import volume by 2018.

Australia eyes cattle sales to China

Australia is setting its sights on winning another major prize for its beef industry by persuading China to open its market to live cattle sales.

Bright Dairy in supply agreement with Pactum

Bright Dairy & Food Co Ltd, under pressure of high costs brought on by a lack of raw milk, signed a supply agreement with Australia's Pactum Dairy Group for room temperature milk for China's booming market.

Food additive scandal scares public yet again

NANNING - Food safety is raising eyebrows among the Chinese public once again, after a family-run workshop in east China was exposed to be selling duck blood made with banned additives.

Smuggling of food products on the rise

The smuggling of agricultural products, including rice and frozen meat, into China is soaring because of the nation's rising cost of food, according to the General Administration of Customs on Thursday.

2014 China Feed Industry Expo held in Shenyang

The 2014 China Feed Industry Expo opened at Shenyang International Exhibition Center on April 19th, 2014. MOA Vice Minister Yu Kangzhen and Chairman of China Feed Industry Association (CFIA) Gao Hongbin attended the opening ceremony and toured the exhibition.

Price cut increases demand at cotton auction

The first auction of raw cotton by China's State stockpiler since cutting its minimum bidding price met with strong demand on Tuesday, with appetite at future sales expected to stay robust as the country looks to offload its massive reserves.

Frugal policy slows catering industry to 20-year low

China's catering industry registered its slowest growth in 20 years in 2013 as the country's anti-corruption campaign targeting official excess took its toll on high-end businesses, an industry report shows.

Pharmaceutical MNCs rethink rebate marketing in China

Pharmaceutical multinationals operating in China are rethinking rebate marketing as the country presses reforms in the industry, experts said at a medical conference that concluded on Friday in south China.

COFCO and Hopu acquire majority stake in Nobel Group

State-owned China National Cereals, Oils and Foodstuffs Corporation (COFCO) and mainland private equity firm Hopu Investment Management Co., Ltd (Hopu) are buying a 51% stake in Nobel Group’s agribusiness division for US$1.5 billion, reported Wall Street Journal.

Pork giant WH Group slashes IPO, delays pricing

WH Group, the world’s largest pork company, is lowering its proposed Hong Kong IPO to US$1.9 billion and will delay the pricing of the deal to next week, Reuters reports.

Walmart closes outlet in China's Hangzhou

HANGZHOU, April 23 - The world's largest retailer, Walmart Stores, on Wednesday closed an outlet in Hangzhou, capital of east China's Zhejiang Province, the seventh closure in the Chinese mainland since March.

Statistics

Average food prices in 50 cities April 11-20, 2014

Item
Specification/Unit
Current price
(RMB)
Percentage changes
as compared to last period
(%, April 1-10, 2014)
Rice
Japonica rice / kg
5.94
-0.2
Flour
Strong flour / kg
5.60
0.0
Flour
Standard wheat / kg
4.48
-0.2
Soy products
Bean curd / kg
4.48
0.0
Peanut oil
5 Lin barrel bulk / litre
27.12
-0.2
Soyabean oil
5 Lin barrel bulk / litre
10.93
-1.1
Rape seed oil
Grade 1 in bulk / kg
13.86
-0.4
Pork
Rump / kg
21.56
-2.7
Pork
Belly meat / kg
21.59
-2.8
Beef
Leg / kg
66.12
-0.3
Mutton
Leg / kg
66.20
-0.3
Chicken
Frozen fresh chicken / kg
18.97
0.2
Chicken
Breast / kg
20.58
0.1
Ducks
Frozen fresh duck / kg
16.85
0.4
Eggs
Fresh eggs in bulk / kg
9.98
2.4
Source: China National Bureau of Statistics

Major meat retail price April 2014

           Pork (Lean):

                                                                                                                                               RMB1.00 yuan/kg

Average Sales Price (Street markets & Supermarkets)
Var. Percent
A.       04/11/14-
04/20/14
B.       04/01/14-
04/10/14
C.       03/11/14-
03/20/14
D.       04/11/13-
04/20/13
(A-B)/B
(A-C)/C
(A-D)/D
26.72
27.20
28.66
28.26
-1.76%
-6.76%
-5.45%

 

 

Egg:
                                                                                                                            RMB1.00 yuan/kg
Average Sales Price (Street markets & Supermarkets)
Var. Percent
A.       04/01/14-
04/10/14
B.       03/21/14-
03/31/14
C.       03/01/14-
03/10/14
D.       04/01/13-
04/10/13
(E-F)/F
(E-G)/G
(E-H)/H
9.64
9.60
9.40
9.58
0.42%
2.55%
0.63%
 

 

Chicken:       
                                                                                                                              RMB1.00 yuan/kg
Average Sales Price (Street markets & Supermarkets)
Var. Percent
A.       04/01/14-
04/10/14
B.       03/21/14-
03/31/14
C.       03/01/14-
03/10/14
D.       04/01/13-
04/10/13
(I-J)/J
(I-K)/K
(I-L)/L
18.20
18.10
18.12
19.06
0.55%
0.44%
-4.51%
Source: China Animal Agriculture Association

 

                                                                                                                            
 
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