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China Agricultural Newsletter - February 2017

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 deepen reform in agricultural sector

 BEIJING, Feb. 5 (Xinhua) - China will deepen supply-side structural reform in agriculture to develop the sector, according to a policy document released Sunday.

China unveils first strategic plan for territory development

 China has issued its first strategic plan for territory development and preservation, outlining the protection of arable land reserves and islands.

China sets minimum prices for protective rice purchases

 China has set minimum prices for state procurement of rice products in 2017 to protect the interests of growers, according to the top economic planner. 

Rural areas get backing to improve infrastructure

 China is to invest 3.4 trillion yuan ($495 billion) over the next four years to improve infrastructure in rural areas, including water supplies, roads and power supplies, as the government seeks to boost incomes and encourage startups.

Farmland and chemicals under spotlight to boost supply

The quality of agricultural goods will be improved by increasing the acreage of well-facilitated farmland, with irrigation facilities and adequate harvest equipment, and strictly limiting the use of chemicals.

Plans reinforce medicine, food safety

 The State Council, China’s Cabinet, approved two important five-year plans on Feb 3 to enhance supervision of food and medicine safety amid the government’s efforts to better protect public health.

Online food shops required to have brick-and-mortar stores

 (ECNS) - Businesses selling food and providing catering services online are now required to show their food trade licenses and have brick-and-mortar stores, according to China Food and Drug Administration, reported the Beijing News.

Industry and Business Watch

China Focus: China presses ahead with structural reform

 BEIJING, Jan. 22 (Xinhua) - Supply-side structural reform will continue to be a priority of provincial governments this year as China resolves to press ahead with the major tasks for reform amid downward pressure.

China's food prices decrease

 Food prices in China fell slightly last week, due to cheaper vegetables, meat and eggs, the Ministry of Commerce said Monday.

China's online sales of farm produce grow in 2016

 BEIJING, Feb. 15 (Xinhua) - Online sales of China's farm produce continued to grow in 2016 as more farmers take to e-commerce.

China pork imports surge in 2016

 China’s pork imports in 2016 more than doubled year-on-year to 1.6 million tones, making the nation the dominant global pork importer.

China's appetite for EU's pork is growing

European farmers benefitted from a doubling of pork exports to China in 2016, according to an official industry organization.

China steps up H7N9 bird flu control

 BEIJING, Feb. 22 (Xinhua) - China's Ministry of Agriculture Wednesday asked for better prevention of the spread of H7N9 bird flu following reports of human infections.

China plans 50 billion yuan of investment in rural methane projects

 China will spend 50 billion yuan (about 7.3 billion U.S. dollars) on building methane projects in rural areas as the government seeks to increase the use of clean energy.

Machinery sector set to expand slower in 2017

 CHINA’S machinery industry is likely to see stable but slower growth in 2017 due to weak demand amid downward economic pressure, an industry group forecast yesterday.

Machinery sector set to expand slower in 2017

 CHINA’S machinery industry is likely to see stable but slower growth in 2017 due to weak demand amid downward economic pressure, an industry group forecast yesterday.

Beijing boosts agricultural development

 Beijing continues to strengthen agricultural research and innovation as the country calls for deepening structural reform in the agricultural sector.

Shanghai free trade zone slated to become free port

 Shanghai has moved to deepen reforms by reinventing its pilot Free Trade Zone (FTZ) into a world-class free port, Shanghai Securities News reported on Tuesday.

Heilongjiang sticks to ban on GM crops

 Despite a backlash from scholars, the people of Heilongjiang, the northeastern province that grows more than 10 percent of China's grain, appear to be standing united on its ban of genetically modified crops.

Bulgaria eyes more wine export to China: minister

 PLEVEN, Bulgaria, Feb. 14 (Xinhua) - Bulgarian wine production sector is stable and wants to increase its exports to China, Minister of Agriculture and Food Hristo Bozukov told reporters here on Tuesday.

Oil firm mulls stake buy in Noble

 Sinochem Group is in early talks to become a strategic investor in Noble Group Ltd, providing the embattled Asia-based commodities trading house with an equity injection, according to sources familiar with the talks.

Carlsberg said to weigh up bid for Tsingtao

 Carlsberg A/S, the Danish beer maker, is weighing up whether to purchase a 20 percent stake in China's Tsingtao Brewery Co, sources said.

New Hope Group wants to invest 1 billion dollars in Australia

 China's largest private agribusiness, New Hope Group and its chairman Liu Yonghao, are planning to invest 1 billion Australian dollars ($763 million) by 2020 to help grow businesses down under, according to New Hope Group's Australian chief executive officer Nick Dowling. 

JD confirms plans for banking license

 JD.com Inc, China's second-biggest e-commerce player, confirmed on Friday it is carrying out work related to a banking license, in a move that would see it joining its tech counterparts in offering banking services.

Alibaba opens Australian, New Zealand headquarters in Melbourne

 Alibaba Group Holding Limited on Saturday opened its Australian and New Zealand (ANZ) headquarters in Australia's Melbourne.

Alibaba partners with Shanghai retail conglomerate Bailian Group

 HANGZHOU - China's leading e-commerce firm Alibaba and Shanghai-based retail conglomerate Bailian Group announced a strategic alliance Monday to push forward partnership in "New Retail" formats.

Walmart to open about 40 new outlets in China

 BEIJING, Feb. 22 (Xinhua) - Walmart will open up to 40 new branches in China this year, while upgrading 50 outlets and improving stocking and logistics, the company announced Wednesday.

Statistics

Average food prices in 50 cities February 11-20, 2017

 

Item

Specification/Unit

Current price

(RMB)

Percentage changes

as compared to last period

(%, February 1-10, 2017)

Rice

Japonica rice / kg

6.36

0.0

Flour

Strong flour / kg

6.32

0.2

Flour

Standard wheat / kg

5.18

0.2

Soy products

Bean curd / kg

4.82

0.0

Peanut oil

5 Lin barrel bulk / litre

27.92

0.2

Soyabean oil

5 Lin barrel bulk / litre

9.90

-0.2

Rape seed oil

Grade 1 in bulk / liter

14.09

-0.3

Pork

Rump / kg

29.91

-2.6

Pork

Belly meat / kg

31.31

-2.4

Beef

Leg / kg

67.48

-0.7

Mutton

Leg / kg

59.08

-1.1

Chicken

Frozen fresh chicken / kg

22.03

-0.7

Chicken

Breast / kg

20.48

-0.8

Ducks

Frozen fresh duck / kg

17.94

-0.7

Eggs

Fresh eggs in bulk / kg

8.09

-5.1

Source: China National Bureau of Statistics

Major meat retail price February 2017

 Pork (Lean):

                                                                           RMB1.00 yuan/kg

Average Sales Price (Street markets & Supermarkets)

Var. Percent

A.       02/01/17-
02/10/17

B.       01/21/17-
01/31/17

C.       01/01/17-
01/10/17

D.       02/01/16-
02/10/16

(A-B)/B

(A-C)/C

(A-D)/D

34.72

34.84

33.86

-

-0.34%

2.54%

-

 

Egg:

                                                         RMB1.00 yuan/kg

Average Sales Price (Street markets & Supermarkets)

Var. Percent

E.        02/01/17-
02/10/17

F.        01/21/17-
01/31/17

G.       01/01/17-
01/10/17

H.       02/01/16-
02//10/16

(E-F)/F

(E-G)/G

(E-H)/H

8.66

8.78

9.04

-

-1.37%

-4.20%

-

 

Chicken:       

                                                                          RMB1.00 yuan/kg

Average Sales Price (Street markets & Supermarkets)

Var. Percent

I.         02/01/17-
02/10/17

J.         01/21/17-
01/31/17

K.       01/01/17-
01/10/17

L.        02/01/16-
02/10/16

(I-J)/J

(I-K)/K

(I-L)/L

19.66

19.76

19.52

-

-0.51%

0.72%

-

 

Source: China Animal Agriculture Association 

 
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