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China Agricultural Newsletter - April 2015

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

Probe ordered on State firms over expired grain report

 China's State Administration of Grain (SAG) on Tuesday ordered local grain authorities in Northeast China to thoroughly investigate several companies after a media report alleged that a major grain company swapped out fresh grain for expired grain to sell and pocketed the price difference for profit.

China considers regulating international cooperation in seed industries

 China is considering regulating seed industries involved in business with foreign seed enterprises to safeguard its sovereignty over seed resources.

Hybrid rice varieties face new scrutiny

 China's agricultural authority is set to conduct more comprehensive assessments of hybrid rice varieties following a massive crop failure in Anhui province caused by abnormal weather conditions and rice disease.

China's legislature passes tougher Food Safety Law amendment

 The Standing Committee of China's National People's Congress (NPC), the country's top legislature, on Friday voted to adopt an amendment to the Food Safety Law that gives the heaviest penalties yet to offenders.

Lawmakers weigh harsh regulation on baby formula

 Tougher regulations on infant milk formula will be introduced to restore public confidence in the domestic dairy industry.

New 'negative list' to be launched in foreign investment sector

 China will promote a management mode based on "negative list" this year, with its first application in foreign investment frontiers, Lian Weiliang, vice chairman of the National Development and Reform Commission, said at a press conference on Friday.

China launches three more free trade zones

 The three new zones come 18 months after the first FTZ was unveiled in the financial hub of Shanghai, which was designed to showcase efforts to streamline the overloaded administrative approval system and encourage innovation and internationalization.

China announces foreign investment management rules in pilot FTZs

 China released an outline for managing foreign investments in the pilot Free Trade Zones (FTZ) on Tuesday.

Industry and Business Watch

Think tank forecasts bumper grain harvest

 China will reap a bumper grain harvest for a 12th consecutive year in 2015, boosted by government policies encouraging production to feed the world's largest population, a think tank has forecast.

Longping to stop selling super-hybrid rice variety

 Yuan Longping High-Tech Agriculture Co Ltd said on Monday that it would stop selling its hybrid rice variety "Liangyou 0293", following a massive crop failure in Anhui province in eastern China, where it was largely cultivated.

FAO raises China's corn stocks estimate by 15 percent

 The U.N. Food and Agriculture Organization (FAO) has increased its Chinese corn stocks estimate for the 2014-15 crop year by a historic 15 percent, to 95.4 million tons, reinforcing concerns that the country’s import needs may have been vastly overestimated.

China to start selling state corn reserves this week

China will begin to sell corn from its state reserves this week, a month earlier than last year, as it tries to cut down on record high stocks.

Implications of biotech approval delays to soygrowers

 The International Soy Growers Alliance Forum was held last week in Beijing, with governmentofficials, soy grower representatives, corporate representatives, and researchers from Argentina,Brazil, Canada, Paraguay, the US, Uruguay, and China gathering to focus on the globalimplications of biotechnology approval delays to the global soy trade.

Soybean imports to jump by 2024

 China's imports of soybeans will continue to grow in the coming decade because of limited farmland and a rising population.

China stocks up on cheap soy from South America

 Despite showing demand, soy imports in China accelerated in March as the world’s top buyer of the oilseed took advantage of cheaper supplies from South America.

WH Group to increase pork deliveries to China this year

 WH Group, which bought over US pork processor, Smithfield, in 2013, is attempting to meet pork demands in China by raising such imports from the US this year, according to the company’s chairman, Wan Long.

Henan to spend more than RMB60 million to improve swine breed

 According to information released by Henan Animal Husbandry Bureau, the province will be allocating RMB60.8 million as subsidies to improve the various breed qualities of 1.52 million pigs across 47 districts in Henan.

Austria, China reach agreement on frozen pork trade

 Andrä Rupprechter, Austria’s Minister of Agriculture, Forestry, Environment, and Water Management, accompanied Austrian President Heinz Fischer to China to sign a three-part agreement relating to frozen pork exports to China, China-Austria agricultural cooperation, and the China-Austria Sutong Ecological Park project.

China files complaint against EU over poultry tariffs

China has filed a complaint against the European Union (EU) to the World Trade Organization (WTO) concerning poultry meat tariffs.

Hong Kong bans poultry imports from bird flu-affected countries

Hong Kong will suspend poultry imports from countries affected by avian influenza to ensure public health safety, the Centre for Food Safety (CFS) of the Food and Environmental Hygiene Department announced.

BioMar and Tongwei expand in China and other Asia

The BioMar Group has signed a Memorandum of Understanding with Chinese Tongwei Co., Ltd to establish a joint venture to produce and sell high performance aquaculture feed in China.

China's Yili signs MOU with Cornell University

 China’s largest manufacturer of dairy products, Yili Group has been gradually shifting its global network strategy towards cutting-edge research and development, having established the Yili European R&D Centre in Netherlands and signing a research memorandum of understanding with Lincoln University in New Zealand last year.

PEDv, TGE, porcine rotavirus vaccine developed in China

 China's first domestically-developed triple vaccine for swine is now available to farmers in Heilongjiang province, according to an announcement from the Harbin Institute of Veterinary Medicine under the Chinese Academy of Agricultural Sciences. The live vaccine protects against three common diseases afflicting hog farms across north China: porcine transmissible gastroenteritis (TGE), porcine epidemic diarrhea (PED) virus, and porcine rotavirus (G-type).

Chinese, Finnish groups partner on AI vaccine project

 Ganyuanhao Co., a subsidiary of China Agricultural Development Group, is collaborating with Finnish company FIT Biotech to develop a gene transfer unit (GTU) vaccine technology aimed at vaccinating against avian influenza, Newcastle disease and other diseases that affect poultry.

Business giants tap rural e-commerce market

 SHENYANG/ZHENGZHOU - China's vast rural regions will brace for an era of rapid developmentdriven by e-commerce and national policies to boost farm production.

Vegetable prices spike in major Chinese cities

Farm produce prices in 36 major cities rose last week due to unseasonably cold weather in some regions. From April 13 to 19, the average price for 18 monitored vegetables edged up 3 percent from a week earlier, led by Chinese cabbage, lettuce and celery, the MOC said in a statement.

Farm pollution: a growing concern

Farm pollution in China is worsening, despite moves to reduce the use of fertilizers and pesticides, the country's agricultural ministry said yesterday, as it urged farmers to switch to organic alternatives.

Chinese outbound acquisitions create win-win partnerships

Chinese firms are increasingly embarking on overseas mergers and acquisitions deals as a key way of expanding globally and in the process creating win-win partnerships, experts said.

Statistics

Average food prices in 50 cities April 11-20, 2015

 

Item

Specification/Unit

Current price

(RMB)

Percentage changes

as compared to last period

(%, April 1-10, 2015)

Rice

Japonica rice / kg

6.16

0.0

Flour

Strong flour / kg

6.01

0.0

Flour

Standard wheat / kg

4.76

0.2

Soy products

Bean curd / kg

4.63

0.2

Peanut oil

5 Lin barrel bulk / litre

27.24

0.4

Soyabean oil

5 Lin barrel bulk / litre

10.13

-0.2

Rape seed oil

Grade 1 in bulk / liter

13.39

0.4

Pork

Rump / kg

23.30

0.4

Pork

Belly meat / kg

23.67

0.3

Beef

Leg / kg

66.94

-0.5

Mutton

Leg / kg

63.67

-0.6

Chicken

Frozen fresh chicken / kg

20.86

-0.2

Chicken

Breast / kg

21.17

0.2

Ducks

Frozen fresh duck / kg

18.14

0.0

Eggs

Fresh eggs in bulk / kg

9.34

-1.3

Source: China National Bureau of Statistics

Major meat retail price March 2015

 Pork (Lean):

                                                                           RMB1.00 yuan/kg

Average Sales Price (Street markets & Supermarkets)

Var. Percent

A.       03/21/15-
03/31/15

B.       03/11/15-
03/20/15

C.       02/21/15-
02/28/15

D.       03/21/14-
03/31/14

(A-B)/B

(A-C)/C

(A-D)/D

27.70

27.98

28.74

27.84

-1.00%

-3.62%

-0.50%

 

Egg:

                                                         RMB1.00 yuan/kg

Average Sales Price (Street markets & Supermarkets)

Var. Percent

E.        03/21/15-
03/31/15

F.        03/11/15-
03/20/15

G.       02/21/15-
02/28/15

H.       03/21/14-
03//31/14

(E-F)/F

(E-G)/G

(E-H)/H

9.90

10.18

10.88

9.60

-2.75%

-9.00%

3.13%

 

Chicken:       

                                                                          RMB1.00 yuan/kg

Average Sales Price (Street markets & Supermarkets)

Var. Percent

I.         03/21/15-
03/31/15

J.         03/11/15-
03/20/15

K.       02/21/15-
02/28/15

L.        03/21/14-
03/31/14

(I-J)/J

(I-K)/K

(I-L)/L

19.60

19.64

19.76

18.10

-0.20%

-0.81%

8.29%

Source: China Animal Agriculture Association 

 
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