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China Agricultural Newsletter - June 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

China sets new goal for farmland conservation

 China must retain at least 1.865 billion mu (124.33 million hectares) of farmland in 2020, under a new target set by the Ministry of Land and Resources (MLR).

Private sector welcomed to invest in farmland irrigation

 The State Council, China's cabinet, is looking to the private sector to help modernize the country's irrigation facilities, according to a regulation published Thursday.

China tightens supervision on baby formula

 China's food safety watchdog has issued a regulation, effective as of Oct. 1, to tighten supervision on baby formula.

China to check halal food

 BEIJING - China will check and rectify the trend of over-generalization of halal food, Xinhua learned Tuesday.

China tightens control over rice imports from Vietnam

 VietNamNet Bridge - Vietnam and China have signed a protocol on phytosanitary requirements on Vietnamese rice and rice bran exports to China. The protocol sets stricter sterilization inspection of exports.

Industry and Business Watch

Farm produce prices continue to fall

 Farm produce prices continued their downward trend last week, the Ministry of Commerce said on Tuesday.

Expert council formed to advise on food security, grain glut

 China has established a council of experts on national food security as the government seeks intellectual support from think tanks to reduce the massive grain surplus and further reform the pricing of staple foods.

Tainted soil rich in opportunity

 Soil pollution would be under control in no more than 15 years under a bold new plan tipped to inject trillions of yuan into the Chinese economy.

China unloads 1.14 million tones of corn reserves

 China auctioned on Tuesday, June 21, 1.14 million tones of corn, which represented 57.55% of the total volume on offer, Reuters reported, citing an online statement by the National Grain Trade Center.

China hogs world's pig market in 2016

 China’s appetite for pork is the driving force in the global market, but the high prices Chinese hog farmers and importers are earning will not last forever.

Austrian pork producers hoping to begin export to China soon

 Austrian pork producers are hoping to overcome a slump in prices with the potential opening of the Chinese market as an export destination increasingly closer to becoming a reality.

Chinese regulations on pig farms could bode well for US

 New regulations that call for the removal of livestock production from China’s highly populated areas could lead to an opportunity for the U.S. to increase the amount of pork products it exports to China.

China becomes the largest importer of Brazilian beef

 According to figures released by the Association of Brazilian Beef Exporters (ABIEC) earlier this month, China (excluding Hong Kong) had been the largest buyer of Brazilian beef in May, with a total import of 20,300 tonnes of beef from Brazil for US$84.3 million.

Namibia: Meatco Plant Improved for Chinese Beef Exports

 Windhoek - Meatco has made several improvements to prepare its factory for the first beef exports to China, but is still awaiting an official communique from the Directorate of Veterinary Service in terms of the recent statement from the Ministry of Agriculture, Water and Forestry on the permit granted from China to export beef to that country.

The evolution of China's dairy industry and the outlook for foreign suppliers

 After 2014, China experienced a decline in powdered milk imports as Chinese dairy firms not only had cheap domestic milk available, but also a record amount of imports on reserve ready for use

China's dairy producers still need to regain public trust

 The processing equipments and methods of China's dairy product companies are world-class, but the companies still lack trust among domestic consumers, according to an industry insider on Tuesday.

Dutch giant bullish on dairy in China

 Dutch global dairy giant Royal Friesland Campina is bullish on the long-term growth of dairy market in China and plans to expand its business in third- to six-tier cities and rural areas.

EU farms look to feed growing market in China

 The European Union is looking to further boost agricultural exports to China as the country's rapidly expanding middle class increases demand for high-quality, safe products, according to top EU officials.

Freight service boosts China's fresh export to Russia

 Thanks to China's expanding freight service network, exports of fresh fruit and vegetables to Russia soared in the first five months, according to figures released by the customs in north China's Inner Mongolia Autonomous Region.

Interview: Kyrgyzstan-China agricultural cooperation flourishing: minister

 BISHKEK, May 30 (Xinhua) - Agricultural cooperation between Kyrgyzstan and China has been booming in recent years, with traditional cultivation and the trade of agricultural products having become the most heated areas of such cooperation, a Kyrgyz official said.

Nestle, Alibaba upgrade partnership to tap Chinese consumption potential

 BEIJING, June 5 (Xinhua) - Nestle and Alibaba announced plans Sunday to upgrade their partnership.

JD sees online grocery growth

 The Chinese company which purchased the 99-year leasing right for the Port of Darwin announced on Tuesday an 18-million-U.S dollar expansion of its operations, just months after taking control of the port.

Chinese bank allocates $1.4 bln loan for potash project in Belarus

 Belarusbank and China Development Bank (CDB) have signed a credit agreement of 1.4 billion U.S. dollars for a potash project in Belarus, the state-owned Belarusian bank said in a statement.

VIV China to focus on animal production system upgrades

 Beijing will be home to VIV China 2016, VIV China International Conference and the World’s Poultry Congress 2016 (WPC2016), to be held September 5-9. The events will focus on upgrading animal protein production systems and knowledge.

Chinese food trader COFCO aims to rival global giants

 State-owned China National Cereals, Oils and Foodstuffs Corp has set a target of sourcing up to 50 million metric tons of grain from overseas markets by 2020 to further ensure China's grain security, its Chairman Zhao Shuanglian said on Tuesday.

COFCO on the hunt for M&As

 China's largest food trader is on the hunt for international merger partners and acquisition targets, amid a massive surplus in domestic grain stocks.

ChemChina seeks more time for US review

China National Chemical Corp is seeking more time for the United States to complete a nationalsecurity review of its planned takeover of Swiss chemical company Syngenta AG, according topeople familiar with the matter.

Pengxin eyes purchase of Brazil lender BI&P in LatAm expansion

 Shanghai Pengxin Group Co is in talks to buy control of Brazilian mid-sized lender Banco Indusval & Partners SA (BI&P), as the Chinese conglomerate wants to expand beyond commodities in Latin America's largest economy, three sources with direct knowledge of the matter said.

Iranian, Chinese Firms Sign MoU on Agricultural Cooperation

 On Friday May 27, China’s Liaoning Wellhope Agri-tech Joint Stock Co. Ltd. signed a cooperation document with Iran’s Abzi Gostar Mobtakeran Tehran to set up a joint venture in Iran following the removal of anti-Tehran sanctions, Reuters reported. It comes after China’s President Xi Jinping paid an official visit to the Iranian capital in late January.

Chinese firm announces $18 mln expansion of newly-acquired Port of Darwin

 The Chinese company which purchased the 99-year leasing right for the Port of Darwin announced on Tuesday an 18-million-U.S dollar expansion of its operations, just months after taking control of the port.

China's outbound direct investment surges in Jan. - May

 BEIJING, June 16 (Xinhua) - Chinese companies continued to invest big in the overseas market in the first five months of the year, official data showed on Wednesday.

Outbound M&As target tech, consumer companies

 China's outbound mergers and acquisitions reached $96 billion in the first four months of 2016,far surpassing the total 2015 transaction volume of $59 billion and representing more than afivefold increase from the first four months of last year, said a report released by JP Morgan Chase & Co on Tuesday.

China, U.S. agree to accelerate BIT talks

 BEIJING, June 7 (Xinhua) - Senior Chinese and U.S. officials have agreed to speed up negotiations on a bilateral investment treaty (BIT) during the Eighth Round of China-U.S. Strategic and Economic Dialogues (S&ED).

Statistics

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

 

Item

Specification/Unit

Current price

(RMB)

Percentage changes

as compared to last period

(%, June 1-10, 2016)

Rice

Japonica rice / kg

6.29

0.0

Flour

Strong flour / kg

6.11

0.2

Flour

Standard wheat / kg

4.91

-0.2

Soy products

Bean curd / kg

4.70

0.2

Peanut oil

5 Lin barrel bulk / litre

27.69

0.3

Soyabean oil

5 Lin barrel bulk / litre

10.00

0.1

Rape seed oil

Grade 1 in bulk / liter

13.76

0.1

Pork

Rump / kg

32.58

0.0

Pork

Belly meat / kg

33.37

0.1

Beef

Leg / kg

66.70

0.0

Mutton

Leg / kg

59.45

0.0

Chicken

Frozen fresh chicken / kg

21.85

-0.3

Chicken

Breast / kg

20.85

0.2

Ducks

Frozen fresh duck / kg

18.21

0.0

Eggs

Fresh eggs in bulk / kg

9.08

-2.4

Source: China National Bureau of Statistics

Major meat retail price June 2016

 Pork (Lean):

                                                                           RMB1.00 yuan/kg

Average Sales Price (Street markets & Supermarkets)

Var. Percent

A.       06/11/16-
06/20/16

B.       06/01/16-
06/10/16

C.       05/11/16-
05/20/16

D.       06/11/15-
06/20/15

(A-B)/B

(A-C)/C

(A-D)/D

35.62

35.56

35.14

28.52

0.17%

1.37%

24.89%

 

Egg:

                                                         RMB1.00 yuan/kg

Average Sales Price (Street markets & Supermarkets)

Var. Percent

E.        06/11/16-
06/20/16

F.        06/01/16-
06/10/16

G.       05/11/16-
05/20/16

H.       06/11/15-
06//20/15

(E-F)/F

(E-G)/G

(E-H)/H

9.08

9.24

9.06

9.02

-1.73%

0.22%

0.67%

 

Chicken:       

                                                                          RMB1.00 yuan/kg

Average Sales Price (Street markets & Supermarkets)

Var. Percent

I.         06/11/16-
06/20/16

J.         06/01/16-
06/10/16

K.       05/11/16-
05/20/16

L.        06/11/15-
06/20/15

(I-J)/J

(I-K)/K

(I-L)/L

19.86

19.86

19.90

19.42

0%

-0.20%

2.27%

Source: China Animal Agriculture Association 

 
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