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China Agricultural Newsletter - September 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 govt to cut more administrative approvals

BEIJING - China is making efforts to ease market maneuverability by reducing the amount of administrative approvals required for businesses.The State Council announced Wednesday it had plans to cancel or decentralize more than 200 administrative approvals this year to unleash market dynamics.

Authorities caution consumers against lard oil

The nation's quality watchdog has advised consumers to stay away from food products that are shipped into the mainland market from channels other than official imports as they may be contaminated with Taiwan's gutter oil.

China bans Norway's whole salmon imports

China has banned the imported of whole Norwegian salmon from September 10, Reuters reports.

China won't increase cotton import quota next year

BEIJING, Sept. 22 (Xinhua) - China will not increase its cotton import quota next year beyond the 894,000-tonne quota it promised when joining the World Trade Organization, a Chinese official said Monday.

China unveils new rules on overseas investment

BEIJING, Sept. 7 (Xinhua) - New measures to allow easier overseas investment by domestic companies have been released by the Chinese Ministry of Commerce (MOC).

Industry and Business Watch

Chinese premier stresses role of urbanization in economy

BEIJING, Sept. 16 (Xinhua) - Chinese Premier Li Keqiang on Tuesday highlighted the importance of "new-type urbanization" in the economy.

China's developing agricultural sector draws M&As

The transformation of China's agriculture has attracted great attention in the merger and acquisition (M&A) space and capital markets, consultancy Deloitte said in a new report.

Farm produce the next frontier for Chinese e-commerce

Chinese farmers are eagerly anticipating support from domestic e-commerce giant Alibaba after it pledged to reinvest funds from its record initial public offering (IPO) into supporting them to sell their products online.

Drought cuts China's corn output by 2.2%

 China’s corn production this year could drop 2.2% to 213.8 million tones, according to the China National Grain and Oils Information Center (CNGOIC), an official think tank.

New technology likely to cut China's soybean import

New technology in the field of agriculture has allowed farmers in China's largest soybean producing region to boost yields and cut dependance on foreign growers.

China's soybean crop to shrink as farmers switch to corn

Soybean output in China, the world’s largest consumer, will fall more than forecast to the lowest in 22 years as farmers switch to corn, Oil World said.

China freezes approval of GMO soy

China has suspended processing the import approval for a genetically modifies soy variety because of “low public acceptance” of GMO food, source to the matter said.

Chinese pork firms receive import permits from Russia as ban lifted

Two firms belonging to -Shuanghui Group, one of China's leading meat producers, have received permission from Russia's agricultural supervisor to export frozen pork to the country, which had previously suspended pork imports from China since 2004, the Chinese meat group confirmed with the Global Times Monday.

OSI lays off food workers at scandal-hit supplier

OSI China announced widescale layoffs on Monday after it was accused of supplying expired meat to fast-food giants including McDonald's and Yum! Brands in July.

Australian beef exporters banking on China

SYDNEY - Australian beef farmers have a serious stake in China's growing appetite for steak, and, according to the latest research, there will be opportunities, if the sector understands its customer, until the proverbial cows come home.

China's H1 feed production down 3% on-year

According to the China Feed Association Information Centre, the country’s feed production in H1 2014 totalled 83 million tones, down by 3% on-year.

China, US fail to reach accord on DDGs

China, the world's top buyer of distiller's dried grains (DDGs), could not agree with the US on how to eliminate genetically altered content from a product worth $1.3 billion in trade so far this year, Reuters reported Wednesday citing industry sources.

China Modern Dairy expects big 2015 for brand products: CEO

China Modern Dairy Holdings, the nation's largest dairy farm operator as measured by raw milk output, plans to further the sales of its own-brand dairy products in 2015, the company's CEO said over the weekend.

Fonterra to invest in Chinese dairy business

Global dairy cooperative Fonterra will buy a 20-percent stake in Chinese dairy giant Beingmate to increase its access to China's infant milk market, Beingmate has announced.

China to overtake US as largest dairy market by 2017-Euromonitor

The Euromonitor, a leading global market researcher and analyst, has predicted that China will become the world’s largest dairy market in three years’ time, overtaking the United States.

China struggling to meet demand for cotton

China's cotton demand is expected to exceed its domestic supply by two million tonnes in the year from September 2014 to August 2015, official data showed on Thursday.

China, world's top pork producer, a lucrative market for pig vaccines, says report

China produced 54.93 million tones of pork in 2013, accounting for nealy 50% of the world’s total output that year. The meat came from 474.11 million pigs, according to the 2014-2018 market research publication on the China Swine Fever Vaccine Industry released recently by Reportstack.

M&A deals in agriculture reach $10b

Chinese merger and acquisition deals in agriculture have reached a record $9.8 billion so far this year, a seven-fold jump from 2013, according to international financial software company Dealogic PLC.

Chinese fund set to invest $2.7b in Australia's agriculture industry

CANBERRA - The Chinese-government owned Beijing Agricultural Investment Fund has committed to spend $2.7 billion on Australian dairy, beef, lamb and aquaculture industries, local media reported Tuesday. 

Ukrainian, Chinese investors launch joint agriculture project

Ukraine's DARA Group has signed an agreement with a Chinese corporation to jointly invest in the Ukrainian agricultural sector, local media reported Tuesday.

China to invest in farm machinery in Southeast Asia

China’s state-owned China National Machinery Industry Corporation (Sinomach) will invest in agricultural machinery in Vietnam and Thailand.

Chinese outbound M&A transactions continue rising: Deloitte

WELLINGTON, Sept. 24 (Xinhua) -- Exports of live cattle to China helped narrow New Zealand's trade deficit last month, the government statistics agency announced Wednesday.

Statistics

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

Item

Specification/Unit

Current price

(RMB)

Percentage changes

as compared to last period

(%, September 1-10, 2014)

Rice

Japonica rice / kg

6.00

0.0

Flour

Strong flour / kg

5.63

0.2

Flour

Standard wheat / kg

4.56

0.2

Soy products

Bean curd / kg

4.50

0.2

Peanut oil

5 Lin barrel bulk / litre

26.95

-0.1

Soyabean oil

5 Lin barrel bulk / litre

10.59

-0.2

Rape seed oil

Grade 1 in bulk / kg

13.72

-0.4

Pork

Rump / kg

25.49

-0.2

Pork

Belly meat / kg

25.48

0.0

Beef

Leg / kg

66.67

0.2

Mutton

Leg / kg

65.45

-0.1

Chicken

Frozen fresh chicken / kg

20.70

-0.4

Chicken

Breast / kg

21.40

-0.3

Ducks

Frozen fresh duck / kg

17.77

0.1

Eggs

Fresh eggs in bulk / kg

12.66

-1.0

Source: China National Bureau of Statistics

Major meat retail price September 2014

             Pork (Lean):

                                                                           RMB1.00 yuan/kg

Average Sales Price (Street markets & Supermarkets)

Var. Percent

A.       09/01/14-
09/10/14

B.       08/21/14-
08/31/14

C.       08/01/14-
08/10/14

D.       09/01/13-
09/10/13

(A-B)/B

(A-C)/C

(A-D)/D

29.14

28.96

28.20

30.36

0.62%

3.33%

-3.70%

 

Egg:

                        RMB1.00 yuan/kg

Average Sales Price (Street markets & Supermarkets)

Var. Percent

E.        09/01/14-
09/10/14

F.        08/21/14-
08/31/14

G.       08/01/14-
08/10/14

H.       09/01/13-
09//10/13

(E-F)/F

(E-G)/G

(E-H)/H

12.50

12.32

11.52

10.64

1.46%

8.51%

17.48%

 

Chicken:       

                                                                          RMB1.00 yuan/kg

Average Sales Price (Street markets & Supermarkets)

Var. Percent

I.         09/01/14-
09/10/14

J.         08/21/14-
08/31/14

K.       08/01/14-
08/10/14

L.        09/01/13-
09/10/13

(I-J)/J

(I-K)/K

(I-L)/L

19.44

19.36

19.12

18.06

0.41%

1.67%

7.64%

Source: China Animal Agriculture Association

 
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