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China Agricultural Newsletter - May 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

Chinese official briefs on new trademark law

BEIJING - The revised Trademark Law, due to take effect on May 1, will streamline trademark registration procedures and improve trademark protection, a senior Chinese official has said.

China's customs release pro-trade measures

BEIJING, May 23 (Xinhua) - China's General Administration of Customs unveiled measures on Friday to boost foreign trade. Twenty specific items, including increasing the efficiency of customs clearance, alleviating burdens for domestic enterprises, boosting service trade and cutting red tape, came after China's State Council announced a guideline on May 15 to secure stable growth of foreign trade.

China to better police GMO in agriculture

BEIJING, May 28 (Xinhua) - China will strengthen oversight of genetically modified organisms (GMOs) in the agricultural sector to ensure biosafety, the Ministry of Agriculture said in a circular on Wednesday.

China raises state price for wheat by 5.4%

China’s National Development and Reform Commission (NDRC) said that the government raised the state purchase price of wheat by 5.4% to help boost farmers’ incomes in major growing areas.

China adds to pork reserves to stabilize prices

The Chinese government will purchase more frozen pork from the market to stabilize prices and reduce farmers' losses, the country's top economic planning agency said on Wednesday.

China eyes fewer, stronger crops seed companies

China's crop seed companies have declined in number over the past three years due to mergers and acquisitions, and the government encourages them to become globally competitive, a senior official said on Tuesday.

Foreign milk powder firms now required to register

Overseas infant milk powder manufacturers without registration in China are no longer able to export products to the Chinese mainland market, as a series of new regulations comes into effect as of May 1.

Chinese gov't urges food safety

The Chinese State Council, the country's cabinet, has issued a guideline to boost food safety this year, a government statement said on Tuesday.

China to boost water conservation

BEIJING, May 21 (Xinhua) - China will accelerate the construction of water conservation projects, according to an executive meeting of the State Council chaired by Premier Li Keqiang on Wednesday.

Industry and Business Watch

China to see rising demand and output of agricultural products within 10 years

In the next decade, new operation systems will strengthen China’s agricultural production, with the transformation of development patterns mainly driven by science and technology advancement, according to the China Agriculture Outlook Report for 2014-23.

Prices of China's farm products pick up

Prices of major farm products increased slightly in the first week of May, according to a survey of prices in 36 large and medium-sized cities by the Ministry of Commerce.

Lack of investment slows agricultural advances

Agriculture may be one of China's core strategic industries, yet the pace of industrialization within the country's agricultural sector has fallen short of expectations for several decades. This disappointing outcome stems largely from a dearth of corporate investment into relevant technological innovations.

China's hybrid rice set for world record yield

The yield of China's new hybrid rice breed has topped 1,000 kg per mu (0.067 hectare), with the country set to break the world record in rice output through large-scale planting, according to a report released on Thursday.

China's corn demand to reach 41% by 2023

Due to a healthy demand for corn, China might see a significant 41% growth in corn imports by 2023-24, according to a new report from USDA’s Economic Research Service.  

China begins to import small amount of Brazilian corn

China has imported a small amount of corn from Brazil – the top exporter of soybean to China – since the purchases were officially approved on March 31st this year, according to China’s ambassador Li Jinzhang.

China's soy imports from Brazil soar in first four months of 2014

In the first four months of 2014, China’s imports of soy from Brazil soared 83% to 4.99 million tonnes, according to data from China’s Customs Service.

China's top soy buyer to honor import deals

China's largest soy buyer Shandong Sunrise Group said it will not default on soybean contracts despite facing big losses, in order to protect its relationship with suppliers, State media reported on Wednesday.

Grim outlook for soybean business despite China's high imports

Despite surging imports, results are bleak for soybean businesses in China, the world’s largest importer of the crop. Purchases of the crop rose 41% in the first four months of 2014 in China. However, demand for by-products like soymeal or cooking oil lagged behind, taking a toll on international trading companies.

China's meat imports forecast to rise 3,500% by 2050

The Australian Bureau of Agriculture and Resources Economics and Sciences, the Australian government’s agricultural research arm, forecasts that China’s meat imports will skyrocket 3,500% to US$150 billion by 2050.

Bringing home the bacon

China's grain security is facing a challenge caused by excessive imports of breeding pigs, especially from North America and Europe , to enlarge their herds of swine .

China likely to become world's biggest seed market

China is likely to exceed the United States and become the world's biggest seed market with a volume of 14.2 billion U.S. dollars in 2015, said a Chinese researcher on Sunday.

China to invest US$1.6 million in replicating mother's milk

After laying down new strict rules last week about which foreign companies can import baby formula to China, the government said it plans to manufacture formula based on Chinese women’s breast milk.

China approves import from 30 Irish dairy companies

Ireland’s Minister of Agriculture, Food and the Marine, Simon Coveney, said that every Irish company that applied for approval to export daily products to China has been successful.

China's farmers feel deflationary chill

Many of China's hundreds of millions of farmers are feeling the squeeze of lower prices for a variety of produce, ranging from vegetables through pork to cooking oil. In March, food prices dipped 1.6 percent month on month. Prices of pork, vegetables and aquatic products fell 7.1 percent, 5.4 percent and 1.9 percent, respectively.

200-mln-USD loan to boost China water quality

BEIJING, May 27 (Xinhua) - The Asian Development Bank (ADB) will help improve water access and quality in China in a 200-million-U.S. dollar deal signed here on Tuesday with private water supplier China Water Affairs Group Limited (CWA).

World Seed Congress 2014 to kick off

The ISF World Seed Congress 2014 will kick off at the Qinglong Lake International Cultural Center in Beijing's Fengtai District on May 24, according to a press conference held on May 7.

Tajikistan, China discuss cooperation in agriculture

Tajik Prime Minister Qohir Rasulzoda and Chinese Deputy Agriculture Minister Niu Dun met here on Wednesday to discuss cooperation in agriculture between Tajikistan and China.

Alibaba JV plants seeds of change in food habits

A joint project run by local farm cooperatives in East China's Anhui province and the country's e-commerce giant Alibaba Group Holding Ltd is changing the way consumers get fruit and vegetables.

Bright Food buying 56% of Israeli company

Bright Food (Group) Co Ltd, China's second-largest food vendor, announced on Wednesday it is acquiring a majority stake in an Israeli counterpart, demonstrating its commitment to overseas expansion.

Statistics

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

 

Item
Specification/Unit
Current price
(RMB)
Percentage changes
as compared to last period
(%, May 1-10, 2014)
Rice
Japonica rice / kg
5.96
0.0
Flour
Strong flour / kg
5.60
-0.2
Flour
Standard wheat / kg
4.51
0.2
Soy products
Bean curd / kg
4.47
-0.2
Peanut oil
5 Lin barrel bulk / litre
26.92
0.0
Soyabean oil
5 Lin barrel bulk / litre
10.76
-0.2
Rape seed oil
Grade 1 in bulk / kg
13.86
0.2
Pork
Rump / kg
23.69
7.7
Pork
Belly meat / kg
23.52
7.3
Beef
Leg / kg
66.18
0.1
Mutton
Leg / kg
65.90
-0.1
Chicken
Frozen fresh chicken / kg
19.62
1.0
Chicken
Breast / kg
20.95
0.9
Ducks
Frozen fresh duck / kg
17.15
0.2
Eggs
Fresh eggs in bulk / kg
11.57
6.3
Source: China National Bureau of Statistics

Major meat retail price May 2014

 

Pork (Lean):
                                                                           RMB1.00 yuan/kg
Average Sales Price (Street markets & Supermarkets)
Var. Percent
A.       05/11/14-
05/20/14
B.       05/01/14-
05/10/14
C.       04/11/14-
04/20/14
D.       05/11/13-
05/20/13
(A-B)/B
(A-C)/C
(A-D)/D
27.32
26.14
26.72
28.26
4.51%
2.25%
-3.33%
 
Egg:
                                                         RMB1.00 yuan/kg
Average Sales Price (Street markets & Supermarkets)
Var. Percent
E.        05/11/14-
05/20/14
F.        05/01/14-
05/10/14
G.       04/11/14-
04/20/14
H.       05/11/13-
05//20/13
(E-F)/F
(E-G)/G
(E-H)/H
11.12
10.44
9.78
9.42
6.51%
13.70%
18.05%
 
Chicken:       
                                                                          RMB1.00 yuan/kg
Average Sales Price (Street markets & Supermarkets)
Var. Percent
I.         05/11/14-
05/20/14
J.         05/01/14-
05/10/14
K.       04/11/14-
04/20/14
L.        05/11/13-
05/20/13
(I-J)/J
(I-K)/K
(I-L)/L
18.82
18.44
18.14
17.76
2.06%
3.75%
5.97%
Source: China Animal Agriculture Association
 
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