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China Agricultural Newsletter - December 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

Top 5 targets for structural reform in 2016

China's top leadership announced an overarching plan to lead the economy's ongoing transition during the Central Economic Work Conference.

VAT reform to go across all industries in 2016

BEIJING, Dec. 28 (Xinhua) -- China's value-added tax (VAT) reforms will be implemented across all industries in 2016, an official with the Ministry of Finance (MOF) said on Monday.

China targets agricultural supply-side reforms

An annual rural work conference concluded on Friday, agreeing to push forward supply-side reform in agriculture to speed up modernization.

State-farms to be converted into market entities

China will transform its 1,780 State-farms into agricultural enterprises as it attempts to further modernize its agricultural sector, a government official said on Monday.

China regulatory system on imports of feed

China is in the process of implementing a revised regulatory and registration system for imported feed and feed additives.

China to adopt credit ratings for food, drug producers

China Food and Drug Administration announced on Tuesday that a credit rating system will be introduced into the food and drug industries.

China releases specifications to prevent, control ASF

In response to cases of African swine fever (ASF) reported internationally, the Ministry of Agriculture of People’s Republic of China (MOA) released the Technical Specifications for Prevention and Control of ASF (Trial) on November 24. The specifications were released to help the Chinese agency fully implement the National Medium-and-Long Term Animal Disease Control Plan (2012-2020) and guarantee the sustainable development of the pig industry and effective supply of pork products.

China introduces guidelines on accelerating FTAs

BEIJING, Dec. 17 (Xinhua) - To improve its free trade areas (FTAs) China will step up cooperation with neighboring countries and improve the support and evaluation systems, according to guidelines published by the State Council on Thursday.

Industry and Business Watch

China sees 12th straight record grain harvest

China reaped a bumper grain harvest for the 12th consecutive year in 2015, with grain output up 2.4 percent from one year earlier, the National Bureau of Statistics (NBS) said on Tuesday.

Land transfers thrive in rural China

Land transfers are flourishing in Jinzhou, some 260 km south of Beijing, catalyzing mushroom growth of specialized cooperatives, authorities have said.

Program to boost yields of less-fertile farmland

A yearlong program to increase yields of wheat, corn and soybeans in China's less-fertile regions will rely on science and technology to invigorate agricultural production and benefit 70 million farmers, according to an official from the Chinese Academy of Sciences.

Vice Minister Li Jiayang emphasizes on seed industry innovation

The 2nd International Agriculture Genome Conference was held in Shenzhen from November 16 to 18, 2015. The conference was aimed at promoting the integration of agricultural genomics and biologic breeding. Vice Minister and President of the Chinese Academy of Agricultural Sciences (CAAS) Li Jiayang attended and chaired the conference.

China's buying of Brazilian soy increases 22.7% in Jan-Nov 2015

China’s acquisition of Brazilian soy rose 22.7% year-on-year in January-November 2015, to a volume of 39.06 million tones, according to Brazil’s Foreign Trade Secretariat (Secex).

China's early corn sales may prompt release of old stocks

Annual corn sales in China may happen earlier, according to a Reuters report, and this development might persuade warehouses to release inferior corn to alleviate growing stocks.

Chinese petition for anti-dumping duties on US DDG imports accepted

A petition to apply anti-dumping duties on feed ingredient imports from the US had been accepted by China, US agricultural attaches in Beijing reported.

China animal feed sector profit up, operating revenue down

With the weak performance of livestock farming, significant decline of the number of hogs and decreasing demand for animal feed, the operating revenues of China’s animal feed sector in the first three quarters of 2015 totaled to US$19.39 billion, down three percent year on year. Meanwhile, the gross profit margin of the same period was 11 percent, up 1.64 percent year on year, reported Feedtrade.com. It was the decreasing costs of the feed ingredients, especially prices of the corn and soymeal that accounted for the increase of the gross profit margin.

China's dairy heifer demand slow down

China’s imports of dairy heifers slowed down this year after several years of solid demand that peaked in 2014. A Rabobank dairy report has attributed the decline in imports to several factors including a slackening in investments in large-scale farms and reduced culling rates to more normal levels on most farms, the absence of any major disease outbreak in 2015. 

Agriculture and food sectors to benefit from online platform

China has launched an online trade information platform on agricultural and food products to further enhance trade with countries along the Belt and Road Initiative.

China's online retail volume to top other countries:Commerce minister

BEIJING - China's online retail volume is expected to outperform the rest of the world by reachingfour trillion yuan ($618 billion) this year, Commerce Minister Gao Hucheng said Sunday.

Chinese company buys 20% stake in Lansing Trade Group

OVERLAND PARK, KANSAS, U.S. - Lansing Trade Group, LLC announced on Dec. 8 it has sold equity to New Hope Liuhe Investment (USA), Inc., a U.S. subsidiary of the Chinese company, New Hope Liuhe Co. Ltd. New Hope paid $127,500,000 in cash for a 20% equity interest in Lansing.

Alibaba stepping up rural presence

E-commerce giant Alibaba Group Holding Ltd said on Wednesday that it would continue to make more investments to boost its presence in rural areas.

Wal-Mart, Carrefour adapt to Web revolution

Sam's Club, the premium and membership retail format of the world largest retailer Wal-MartStores Inc, joined forces in November with its sister company Yihaodian, one of China's leadinge-commerce platforms for fast-moving consumer goods.

China plans internationally competitive agricultural firms

China will aim to establish a number of internationally competitive agricultural firms by 2020, the State Council said on Tuesday.

Yunnan-based coffee producer set to brew up global interest

An upcoming spot trading center in Chongqing will provide the much-needed impetus for the coffee industry in China to gain global traction along with a boost from the Belt and Road Initiative.

More agricultural firms invest in central Asia

Ten Chinese firms are close to reaching final investment deals with an agricultural cooperation zone in Kyrgyzstan, following the entry of another six Chinese firms last year.

LatAm-China agricultural cooperation thrives

Agricultural cooperation between China and Latin America is thriving thanks to their economic complementarity. It has now become commonplace in China to come across Latin American exports such as soy, sorghum, honey, beef, wheat and corn, as well as fruits.

Mexico eyes enormous opportunity for its farm produce in Chinese market

Mexican Agriculture Minister Jose Calzada Rovirosa said the south American country is eyeing expanding the scope of its farm produce exports to China, local media reported Sunday.

Peruvian products to be sold directly to China throughe-commerce

LIMA - Peru and China signed an initial agreement here on Monday, which allows Peruvianproducts to be  sold directly to Chinese consumers through e-commerce.

Food giant COFCO fully acquires Noble Agri

BEIJING, Dec. 23 (Xinhua) - China's state-owned foodstuff conglomerate COFCO Corp. announced Wednesday that it will fully acquire Noble Agri from Hong Kong energy and commodity company Noble Group.

Statistics

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

  

Item

Specification/Unit

Current price

(RMB)

Percentage changes

as compared to last period

(%, December 1-10, 2015)

Rice

Japonica rice / kg

6.18

0.0

Flour

Strong flour / kg

6.06

0.0

Flour

Standard wheat / kg

4.78

0.2

Soy products

Bean curd / kg

4.67

0.2

Peanut oil

5 Lin barrel bulk / litre

27.39

0.2

Soyabean oil

5 Lin barrel bulk / litre

10.01

-0.4

Rape seed oil

Grade 1 in bulk / liter

13.41

0.0

Pork

Rump / kg

28.29

0.0

Pork

Belly meat / kg

28.94

-0.1

Beef

Leg / kg

67.16

-0.1

Mutton

Leg / kg

59.40

-0.5

Chicken

Frozen fresh chicken / kg

20.81

-0.2

Chicken

Breast / kg

20.22

-0.1

Ducks

Frozen fresh duck / kg

18.01

0.5

Eggs

Fresh eggs in bulk / kg

9.86

0.0

Source: China National Bureau of Statistics

 

Major meat retail price December 2015

 Pork (Lean):

                                                                           RMB1.00 yuan/kg

Average Sales Price (Street markets & Supermarkets)

Var. Percent

A.       12/11/15-
12/20/15

B.       12/01/15-
12/10/15

C.       11/11/15-
11/20/15

D.       12/11/14-
12/20/14

(A-B)/B

(A-C)/C

(A-D)/D

31.56

31.62

31.70

29.02

-0.19%

-0.44%

8.75%

 

Egg:

                                                         RMB1.00 yuan/kg

Average Sales Price (Street markets & Supermarkets)

Var. Percent

E.        12/11/15-
12/20/15

F.        12/01/15-
1210/15

G.       11/11/15-
11/20/15

H.       12/11/14-
12//20/14

(E-F)/F

(E-G)/G

(E-H)/H

9.80

9.78

9.60

11.64

0.20%

2.08%

-15.80%

 

Chicken:       

                                                                          RMB1.00 yuan/kg

Average Sales Price (Street markets & Supermarkets)

Var. Percent

I.         12/11/15-
12/20/15

J.         12/01/15-
12/10/15

K.       11/11/15-
11/20/15

L.        12/11/14-
12/20/14

(I-J)/J

(I-K)/K

(I-L)/L

19.66

19.68

19.68

19.54

-0.10%

-0.10%

0.61%

Source: China Animal Agriculture Association 

 
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