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China Agricultural Newsletter - July 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

Investment laws to be revised by next year

Revision of foreign investment laws is likely to be concluded in 2015, when the focus will shift to the supervision of investors and their conduct, Assistant Miniter of Commerce Wang Shouwen told China Daily on Thursday.

China strictly regulates GM rice

 Chinese authorities have vowed zero tolerance and harsh punishment for rule-violating sales and growing of genetically modified (GM) crops days after a media exposure of GM rice on sale at a supermarket in central China.

China tightens regulations on meat products amid latest scandal

 In the wake of the uncertainty practices at Shanghai Husi Food, China’s National Office of Food Safety (OFS) is tightening supervision of manufacturing and distribution of meat and meat products, Forbes reported. 

China expected to discontinue corn stockpiling

 China is expected to scrap its corn stockpiling scheme by as early as next year as it battles to reduce mammoth State reserves that account for more than half of global stocks.

China adjusts duties on U.S. chicken imports

 China's Ministry of Commerce announced on Tuesday that a re-investigation of U.S. white-feathered broiler products found evidence of dumping and subsidization that caused substantial harm to the local industry.

China lifts embargo on Brazilian beef imports

 China has lifted an embargo on beef from Brazil, the latter’s agriculture ministry reported after a meeting of the Brazilian president, Dilma Rousseff, and Chinese president, Xi Jinping.

China boosts agricultural insurance

 China's Ministry of Finance announced on Wednesday that it allocated 12.69 billion yuan (2.08 billion U.S. dollars) to subsidize agricultural insurance in 2013.

Industry and Business Watch

China to accelerate agricultural modernization

 More effort will be made to speed up China's agricultural modernization, ensure the nation's food security and increase farmers' incomes, Chinese Vice Premier Wang Yang said on Tuesday.

China's summer grain output at record high

 China's summer grain output hit a record high of 136.60 million tonnes in 2014, up 3.6 percent from last year, said the National Bureau of Statistics (NBS) on Monday.

Sustainability concerns behind China's bumper harvest

 China reaped a record harvest this summer, but experts are nevertheless worried about growing water scarcity and soil degradation behind the agricultural success.

Granaries to get a facelift as grain output rises

 China will increase the size of its granaries as its grain output rises and also take steps to reduce losses from substandard grain storage facilities, as part of the ongoing efforts to bolster food security.

China increases soy imports as feed demand rises

 China is increasing imports of soy with rising demand for feed and falling prices of the crop, according to Bloomberg News.

China researchers create fungal pathogen-resistant wheat

 The Chinese Academy of Sciences used advanced genome-editing techniques to create a strain of wheat resistant to a destructive fungal pathogen – powdery mildew.

Pork giant WH Group raises $2.1b in HK IPO

 WH Group Ltd, the world's biggest pork producer, has raised the $2.1 billion it sought in a Hong Kong initial public offering, a person with direct knowledge of the deal said on Wednesday.

China's beef imports in H1 2014 rise 25%

 In the first half of 2014, China’s beef imports rose by 25% on-year to 156,000 tonnes, according to the organization for the English beef and sheep industry – EBLEX.

China's beef imports to double by 2018: Rabobank

 While the demand for high-protein food in the country is growing, local beef production is falling at the same time, said Pan Chenjun, a senior analyst at the bank. “The domestic beef industry is lagging behind all major beef-producing countries in terms of breeding, productivity, farm management, grassland and feed resources and other key aspects,” explained Chenjun. “In other words, China will still need to rely on beef imports.”

China's chicken exports to reach 450,000 tonnes in 2014

 According to China’s National Poultry Industry Association, China’s chicken exports are expected to rise further to 450,000 tonnes this year.

OSI overhauls China operations after meat scandal

 OSI Group announced Monday a number of sweeping changes to the organizational and management structure of its China operations after being hit with a meat scandal.

Chinese dairy firms catch private equity fancy

 Private equity firms seem to be warming up to the Chinese dairy sector, with Internet tycoon Jack Ma spearheading a fresh round of investments in the sector.

Tianshan to acquire Australia's Minjah Pastoral for US$23.58 million

 Xinjiang Tianshan Animal Husbandry Bio-engineering Co., Ltd (Tianshan) plans to acquire Australia’s Minjah Pastoral Company for AUD25.25 million (US$23.58 million).

GIC, Olympus Capital invest in dairy farm operator in China

 A consortium led by Singapore's sovereign wealth fund GIC and international private equity firm Olympus Capital has invested an additional 106 million U.S. dollars in Huaxia Dairy Farm in China, GIC said in a statement on Wednesday.

New Zealand's Fonterra joins U.S.-based Abbott to plan third dairy hub in China

 WELLINGTON, July 11 - Fonterra, the world's biggest dairy exporter, is teaming up with U.S.-based pharmaceuticals and health care giant Abbott to develop plans for a major dairy farm hub in China, the two companies announced Friday.

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.

Research: Chinese animal vaccine market grows by 26.3%

 During 2004 to 2013, Chinese animal vaccine market size maintained a high growth rate of 26.3%, reaching about RMB11.5 billion (US$1.85 billion) in 2013, with market-oriented vaccines leading the expansion from 2011.

Reignwood buys stake in coconut water company

 Beijing-based Reignwood Group is buying a 25 percent stake in a top-selling coconut water brand owned by All Market Inc in the United States to expand the drink into this fast-growing niche beverage market in China.

Online sales surge

 Consumers bought a total of 1.1 trillion yuan ($176.1 billion) worth of goods from China's online retailers in the first half of this year, a surge of 33.4 percent year-on-year, data from the Ministry of Commerce (MOFCOM) showed Tuesday, even though sales of counterfeit goods continue to afflict some online platforms in China.

China to kick off annual agricultural trade fair in Sept

 China will hold an annual trade fair for agricultural product processing industries from Sept. 6-8 in Zhumadian City, Henan Province in central China, organizers announced on Friday.

Statistics

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

 

Item

Specification/Unit

Current price

(RMB)

Percentage changes

as compared to last period

(%, July 1-10, 2014)

Rice

Japonica rice / kg

5.98

0.0

Flour

Strong flour / kg

5.62

0.0

Flour

Standard wheat / kg

4.54

0.0

Soy products

Bean curd / kg

4.48

0.0

Peanut oil

5 Lin barrel bulk / litre

26.71

0.0

Soyabean oil

5 Lin barrel bulk / litre

10.70

-0.1

Rape seed oil

Grade 1 in bulk / kg

13.81

-0.2

Pork

Rump / kg

23.92

2.0

Pork

Belly meat / kg

24.10

2.1

Beef

Leg / kg

66.38

0.2

Mutton

Leg / kg

65.77

0.1

Chicken

Frozen fresh chicken / kg

19.77

0.1

Chicken

Breast / kg

21.06

0.2

Ducks

Frozen fresh duck / kg

17.30

-0.2

Eggs

Fresh eggs in bulk / kg

11.52

4.3

Source: China National Bureau of Statistics

Major meat retail price July 2014

 

Pork (Lean):
                                                                           RMB1.00 yuan/kg
Average Sales Price (Street markets & Supermarkets)
Var. Percent
A.      07/11/14-
07/20/14
B.      06/01/14-
06/10/14
C.      06/11/14-
06/20/14
D.      07/11/13-
07/20/13
(A-B)/B
(A-C)/C
(A-D)/D
27.90
27.76
27.78
29.52
0.50%
0.43%
-5.49%
 43
Egg:
                                                         RMB1.00 yuan/kg
Average Sales Price (Street markets & Supermarkets)
Var. Percent
E.    07/11/14-
07/20/14
F.     07/01/14-
07/10/14
G.      06/11/14-
06/20/14
H.      07/11/13-
07//20/13
(E-F)/F
(E-G)/G
(E-H)/H
11.20
10.80
10.78
9.06
3.70%
3.90%
23.62%
 
Chicken:       
                                                                          RMB1.00 yuan/kg
Average Sales Price (Street markets & Supermarkets)
Var. Percent
I.        07/11/14-
07/20/14
J.        07/01/14-
07/10/14
K.      06/11/14-
06/20/14
L.       07/11/13-
07/20/13
(I-J)/J
(I-K)/K
(I-L)/L
19.16
19.12
19.12
17.96
0.21%
0.21%
6.68%
Source: China Animal Agriculture Association

 

 
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