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China Agricultural Newsletter - September 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

China to promote e-commerce to modernize agricultural sector

 China will speed up e-commerce development for the farming and agriculture sector, according to an action plan released Friday.

Chinese infant formula heavily regulated under new food safety law

 Infant milk formula will be heavily regulated under an amended food safety law in China, which come into effect on October 1, as part of an effort restore consumer confidence in the domestic dairy industry.

MOA, USDA renew MOU on agricultural cooperation

 MOA and U.S. Department of Agriculture (USDA) renewed the Memorandum of Understanding between U.S. Department of Agriculture and the Chinese Ministry of Agriculture on Cooperation in Agriculture and Related Fields in Washington, DC on Sept. 24, 2015, carrying on and extending the projects and activities set out in the MOU signed on Sept. 22, 2009. Minster Han Changfu and his counterpart Secretary Tom Vilsack signed the MOU on behalf of MOA and USDA respectively.

China to quicken steps of prevention, control of water pollution

 A new report has been put under review by Chinese lawmakers connected to water pollution. The report, the Water Pollution Prevention and Control Law, has been reviewed by the National People's Congress.

China urges SOE modernization through mixed ownership reform

 BEIJING, Sept. 24 (Xinhua) - The State Council has issued a new guideline urging state-owned enterprises (SOEs) to accept mixed ownership and modernize.

New measures will make yuan more international: report

BEIJING, Sept. 11 (Xinhua) - China's latest efforts to open up its foreign exchange (FX) market and facilitate use of the yuan will boost the currency's international acceptance, according to the latest report from China International Capital Corporation (CICC).

China to set up 60-bln-yuan fund to support SMEs

 BEIJING, Sept. 1 (Xinhua) - China will set up a special fund of 60 billion yuan (9.4 billion U.S. dollars) to support small and medium-size enterprises (SMEs), the cabinet said on Tuesday.

China to slash import-export fees amid slowdown

 BEIJING, Sept. 2 (Xinhua) - China is planning to cut more import-export fees in a bid to buoy its sinking foreign trade.

Industry and Business Watch

Vital to manage the risks in China's food chain

 China's agricultural production has undergone historic growth during the past 30 years. The country is the world's largest producer of pork, fruit, vegetables and eggs. It is also the second-largest chicken producer and the third-largest milk producer.

China steps up campaign to make GM food acceptable

 China is apparently stepping up its campaign to make genetically modified foods more acceptable among local consumers as the Ministry of Agriculture recently issued a statement making assurances that all certified GM foods sold on the Chinese market are safe.  

CAAS makes progress in maize study

 According to a recent joint study by a research team on maize functional genome of the Biotechnology Research Institute of the Chinese Academy of Agricultural Sciences (CAAS) and the Institute of Plant Protection of CAAS, new progress has been made on analyzing maize indirect defense against herbivores- Terpene Synthase 10 expression.

China expected to buy 27 million tones of US soybean during 2015/16

 During Chinese President Xi Jinping’s visit to the US next week, China is likely to sign deals amounting to “several million” tones of soybean during a ceremony on September 24 in the state of Iowa, according to a source attached to visiting delegation.

Zhengzhou and Luohe in Henan are China's first inland ports for meat imports

 The authorities have officially announced that the two ports located in Zhengzhou and Luohe, central Henan, which are designated for meat imports have been recently approved, making Henan the first inland port for meat imports.

Cheese finding its special niche in China

Demand for cheese is expected to keep growing in the coming years amid higher interest inWestern cuisine and healthier lifestyle habits in the country.

China's Wellhope teams up with India's Nexus Feeds

 China's Wellhope Agri-Tech Joint Stock Co. Ltd. has created a joint venture with India's Nexus Feeds Ltd. Wellhope's proportion of capital contribution will be 30 percent, and the remaining 70 percent will be provided by Nexus Feeds. The registered capital for the new joint venture is approximately CNY10 million (US$1.6 million).

Ukraine's agricultural exports to China double in January-July: minister

 Ukraine's agricultural exports to China have increased to nearly 1 billion U.S. dollars in January-July 2015 from 407 million dollars in the same period last year, Ukrainian Agriculture Minister Olexiy Pavlenko said here Thursday.

Argentina, China open new areas of agricultural trade

 Argentina's Minister of Agriculture Carlos Casamiquela met on Monday with visiting Deputy head of China's General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ) Zhang Qinrong.

Yili Group, U.S. partners establish SINO-U.S. Food Wisdom Valley

 The SINO-U.S. Food Wisdom Valley was established in Seattle, U.S.A. on Wednesday by China’s Yili Group and the U.S. collaborative partners.

Australian vitamins get 'energy boost'

 Booming Chinese demand for foreign-produced vitamins and supplements has helped an Australian company triple its share price in the past year and prompted another to explore a possible sale.

China's e-commerce market hits 1.2 trillion USD in H1

 China's e-commerce market saw strong growth in the first half of this year despite economic headwinds, according to a report released Monday.

China Focus: China's agriculture changed by Internet-savvy youngsters

 CHONGQING, Sept. 16 (Xinhua) - Agriculture is the latest sector of China's economy to attract a herd of young entrepreneurs, eager to marry their modern, cyber-skills with the most ancient of industries.

Napa Valley wine brought to China

 E-commerce giant Alibaba Group Holding Ltd is betting that a country known for sipping black tea will develop a taste for Napa Valley red.

Chinese company looks to add value to New Zealand forest exports

 WELLINGTON, Sept. 24 (Xinhua) - A Chinese company is looking into building a state-of-the-art wood processing plant that would assuage New Zealand concerns about the lack of value added to its timber exports.

China-U.S. Strategic Agriculture Innovation Dialogue held in Washington

 The China-U.S. Strategic Agriculture Innovation Dialogue (SAID) was held in Washington, DC on Sept. 24, 2015. Minster Han Changfu, Deputy Trade Negotiator Zhang Xiangchen, and their U.S. counterparts Secretary Tom Vilsack and Trade Representative Michael Froman, attended and addressed the Dialogue.

U.S. business circle calls for spurring investment treaty talks with China

WASHINGTON, Sept. 15 (Xinhua) - The U.S. business community Tuesday called on American and Chinese leaders to move forward with negotiations on a bilateral investment treaty (BIT) between the two countries and strengthening bilateral business ties.

Statistics

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

 

Item

Specification/Unit

Current price

(RMB)

Percentage changes

as compared to last period

(%, September 1-10, 2015)

Rice

Japonica rice / kg

6.19

0.2

Flour

Strong flour / kg

6.03

-0.3

Flour

Standard wheat / kg

4.76

-0.2

Soy products

Bean curd / kg

4.67

0.0

Peanut oil

5 Lin barrel bulk / litre

27.37

0.1

Soyabean oil

5 Lin barrel bulk / litre

10.09

0.3

Rape seed oil

Grade 1 in bulk / liter

13.36

-0.4

Pork

Rump / kg

29.99

-0.3

Pork

Belly meat / kg

30.49

0.0

Beef

Leg / kg

67.05

-0.2

Mutton

Leg / kg

62.04

0.1

Chicken

Frozen fresh chicken / kg

21.11

0.1

Chicken

Breast / kg

20.49

-0.5

Ducks

Frozen fresh duck / kg

18.31

0.2

Eggs

Fresh eggs in bulk / kg

10.96

-0.5

Source: China National Bureau of Statistics

Major meat retail price September 2015

 Pork (Lean):

                                                                           RMB1.00 yuan/kg

Average Sales Price (Street markets & Supermarkets)

Var. Percent

A.       09/11/15-
09/20/15

B.       09/01/15-
09/10/15

C.       08/11/15-
08/20/15

D.       09/11/14-
09/20/14

(A-B)/B

(A-C)/C

(A-D)/D

33.52

33.51

33.32

29.42

0.03%

0.60%

13.94%

 

Egg:

                                                         RMB1.00 yuan/kg

Average Sales Price (Street markets & Supermarkets)

Var. Percent

E.        09/11/15-
09/20/15

F.        09/01/15-
09/10/15

G.       08/11/15-
08/20/15

H.       09/11/14-
09//20/14

(E-F)/F

(E-G)/G

(E-H)/H

10.72

10.74

9.88

12.48

-0.19%

8.50%

-14.10%

 

Chicken:       

                                                                          RMB1.00 yuan/kg

Average Sales Price (Street markets & Supermarkets)

Var. Percent

I.         09/11/15-
09/20/15

J.         09/01/15-
09/10/15

K.       08/11/15-
08/20/15

L.        09/11/14-
09/20/14

(I-J)/J

(I-K)/K

(I-L)/L

19.92

19.92

19.72

19.56

0.00%

1.01%

1.84%

Source: China Animal Agriculture Association 

 
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