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China Agricultural Newsletter - February 2016

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 leadership vows stable macro economic policies to sustain growth

 BEIJING, Feb. 22 (Xinhua) - China's top leadership on Monday pledged that it would stabilize and improve macro policies to create an amicable environment for economic growth and ongoing structural reforms.

China Central Document to integrate ag imports, exports

 China’s No. 1 Central Document, released January 27 by Xinhua News Agency, this year pledges to integrate the import and export of agricultural products.

China steps up financial support for modern agriculture

 China will improve financial support for the modernization of the agricultural industry, according to a statement released on Friday by the China Banking Regulatory Commission (CBRC).

China to inject 700 bln yuan to upgrade rural power grid

 BEIJING, Feb. 4 (Xinhua) - China will invest more than 700 billion yuan (107 billion U.S. dollars) in a new round of rural electric power grid upgrades, according to a government statement released Thursday.

China bans local governments from borrowing for land reserve

 BEIJING - China has banned local governments from borrowing from banks to finance land purchases and preparations for property development, an official statement said on Feb 23.

China inaugurates national R&D plan

 BEIJING, Feb. 16 (Xinhua) - China began a national key research & development (R&D) plan on Tuesday, to streamline numerous state-funded scientific and technological programs.

China's first soil pollution prevention regulations introduced

 The Fourth Session of the 12th Hubei People's Congress voted to pass "Soil Pollution Prevention and Control Regulation of Hubei Province", China's first local laws and regulations for the prevention of soil pollution on Monday.

Industry and Business Watch

MOA urges effective measures to ensure spring on-farm management, farmland preparation

 MOA convened the National Video Conference on Spring On-farm Management and Farmland Preparation on Feb. 19, 2016. The Conference analyzed current situation of grain production, and made overall and prior arrangement for field management and land preparation for spring agricultural operation.

China facing big food supply shortfall: official

 Despite bumper harvests, China had a shortfall of between 20 million and 25 million tonnes in the amount of grain it produced and consumed in 2015, according to a senior official.

China to further promote potato as staple food

 China will further boost potato production to make the tuber one of the nation's staple foods, the Ministry of Agriculture (MOA) said Tuesday.

China corn stocks lead to unease in global markets

 Corn ending stocks in China are forecast down by 2.0 million metric tons (mmt), according to the latest Feed Outlook report from the U.S. Department of Agriculture Economic Research Service (ERS), but with 111.5 mmt in store, the country holds more than half the world’s corn stocks.

Water supply problems run deep in rural China

 TAIYUAN, Feb. 22 (Xinhua) - As Chinese were stocking up on food for the New Year holiday, many people in Jishan County of north China's Shanxi Province were busy hoarding water.

China to boost recycling of farm waste

 BEIJING, Feb. 11 (Xinhua) - China has set goals for recycling farm waste such as crop stalks and plastic film by 2020 to prevent further pollution in agricultural production and support recycling farming.

China achieves record volumes for pork imports in 2015: USMEF

 China’s pork and pork variety meat imports reached volumes in 2015, overcoming the hurdles of a hampered economic progress and weakening demand for communities, according to the US Meat Export Federation (USMEF).

SSJFZ to start construction on its 100,000-head swine this year

 Although the construction of a modern, zero=emission swine farm is one of Sino-Singapore Jilin Food Zone’s (SSJFZ) anchor project, it has been hit by various delays since its inception.

BRF poultry, pork plants authorized to export to China

 The Brazilian Ministry of Agriculture, Livestock and Food Supply (MAPA) has given three plants operated by BRF authorization to export its products to China.

Bindaree Beef Group to build food processing factory in Qingdao

 Australia’s leading beef processing and exporting enterprise, Bindaree Beef Group, announced recently that it will be investing AUD$60 million (US$43.3 million) to establish a boning room, cold storage and distribution center in Qingdao.

Global disease situation impacts China poultry industry

 China banned all exports of poultry from the U.S. in January 2015, following the first outbreaks of highly pathogenic avian influenza (HPAI). USDA Foreign Agricultural Service (FAS) reports that China was able to boost its production of chicken meat (excluding feet and paws) in 2015, but output is forecast to fall this year. There is likely to be an increase in the volumes of chicken meat imported in 2016.

Use of mobile apps skyrockets in food industry

 It's no secret that mobile Internet has reshaped the Chinese dining scene, with the popularity of online-offline service among people from all walks of life in big cities.

Alibaba takes e-commerce into the fields

 BEIJING, Feb. 17 (Xinhua) - Alibaba, China's biggest online trader, reached agreement on Wednesday with the top economic planner to expand e-commerce in rural areas.

New Hope to invest US$1.35 billion in pig farming

 In a Chinese disclosure document, New Hope Group Co., Ltd plans to invest RMB8.8 billion (US$1.35 billion) in swine farming in the next three to five years, potentially making the company the biggest pig production company in China.  

Walmart to open 30 new stores in China

 GUANGZHOU, Feb. 26 (Xinhua) - Walmart, the world's largest retailer, will open 30 new stores in China in 2016, Walmart China president and CEO Sean Clark said Thursday.

Fast food chains go up-market in China

 For years, Yum! Brands and McDonald's have battled for dominance in China, but a scandal at a supplier in 2014 led to Chinese diners walking past their restaurants.

Chinese firm eyes F&B segment in world markets

 China's Ziemann Holvrieka Asia Co Ltd, a specialist in beer-making equipment and food-and-beverage plants, will deploy more resources, including human resources, in emerging markets such as Vietnam, Nigeria and Mexico this year, to compete with other established rivals in the region.

Chile expands trade in agricultural products with China

 SANTIAGO, Feb. 13 (Xinhua) - China has now become the main destination for Chilean farm products, with fruit, wine and salmon among the main items of Chilean agricultural exports to China, data from the Agriculture Ministry and other government agencies show.

ChemChina offers 43 billion USD for Switzerland's Syngenta

 BEIJING, Feb. 3 (Xinhua) - China National Chemical Corp. (ChemChina) said on Wednesday an agreement to buy Swiss agrochemical and seeds company Syngenta for about 43 billion U.S. dollars is subject to anti-trust reviews and approval.

Jordan, China to build fertilizers factory in Red Sea's Aqaba

 AMMAN, Feb. 23 (Xinhua) - A Jordanian and Chinese companies agreed to a a billion-dollar project to manufacture fertilizers in the Jordanian Red Sea resort of Aqaba, a local official said on Tuesday.

Australian govt approves sale of biggest dairy farm to Chinese billionaire

 The Australian government has approved the sale of the nation's biggest dairy farming company to Chinese billionaire Lu Xianfeng.

Statistics

Average food prices in 50 cities February 11-20, 2016

 

Item

Specification/Unit

Current price

(RMB)

Percentage changes

as compared to last period

(%, February 1-10, 2016)

Rice

Japonica rice / kg

6.28

0.0

Flour

Strong flour / kg

6.09

-0.2

Flour

Standard wheat / kg

4.90

0.2

Soy products

Bean curd / kg

4.74

0.0

Peanut oil

5 Lin barrel bulk / litre

27.49

0.0

Soyabean oil

5 Lin barrel bulk / litre

9.86

0.0

Rape seed oil

Grade 1 in bulk / liter

13.73

0.2

Pork

Rump / kg

30.89

-0.9

Pork

Belly meat / kg

31.75

-1.5

Beef

Leg / kg

68.26

-0.9

Mutton

Leg / kg

61.22

-0.6

Chicken

Frozen fresh chicken / kg

22.06

-0.5

Chicken

Breast / kg

20.68

-0.9

Ducks

Frozen fresh duck / kg

18.51

-0.5

Eggs

Fresh eggs in bulk / kg

10.30

-3.9

Source: China National Bureau of Statistics

Major meat retail price January 2016

 Pork (Lean):

                                                                           RMB1.00 yuan/kg

Average Sales Price (Street markets & Supermarkets)

Var. Percent

A.       01/11/16-
01/20/16

B.       01/01/16-
01/10/16

C.       12/11/15-
12/20/15

D.       01/11/15-
01/20/15

(A-B)/B

(A-C)/C

(A-D)/D

31.92

31.54

31.56

28.64

1.20%

1.14%

11.45%

 

Egg:

                                                         RMB1.00 yuan/kg

Average Sales Price (Street markets & Supermarkets)

Var. Percent

E.        01/11/16-
01/20/16

F.        01/01/16-
01/10/16

G.       12/11/15-
12/20/15

H.       01/11/15-
01//20/15

(E-F)/F

(E-G)/G

(E-H)/H

9.90

9.76

9.80

10.98

1.43%

1.02%

-9.84%

 

Chicken:       

                                                                          RMB1.00 yuan/kg

Average Sales Price (Street markets & Supermarkets)

Var. Percent

I.         01/11/16-
01/20/16

J.         01/01/16-
01/10/16

K.       12/11/15-
12/20/15

L.        01/11/15-
01/20/15

(I-J)/J

(I-K)/K

(I-L)/L

19.70

19.68

19.66

19.44

0.10%

0.20%

1.34%

Source: China Animal Agriculture Association 

 
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