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China Agricultural Newsletter - July 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'strade 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 rural sewage treatment programs

 BEIJING, July 5 (Xinhua) - China will promote sewage treatment programs in rural areas as an initial step to improve rural waste water control.

Heavy investment for land reclamation in China

 China will pump in about 25.5 billion yuan (3.77 billion U.S. dollar) in 2017 to projects to return farmland to forestry and grass in 14 provincial regions and in parts of northwest China's Xinjiang Uygur Autonomous Region.

Beijing to accelerate opening up of service sector

 The State Council has approved a pilot plan to open up Beijing's service industry by removing more restrictions in the sector.

China, US reach certain consensus on agricultural cooperation during economic talks

 WASHINGTON - China and the United States have reached certain consensus on agricultural cooperation during the first China-US Comprehensive Economic Dialogue (CED) concluded on Wednesday.

Action plan to phase out waste imports

 The State Council has approved an action plan to ban trash imports and reform the solid waste import management system to protect the environment and improve people’s health.

China gives import approval for Syngenta AgrisureDuracade corn trait

 Syngenta has received import approval from the Chinese Ministry of Agriculture for its AgrisureDuracade trait, which offers proven control of corn rootworm.

China's agricultural microbial concentrate standard to be promulgated

 Chinese Ministry of Agriculture will soon promulgate the industry standard for agricultural microbial concentrate. In the meantime, proceeding of research and product registration of soil remediation microbial agent is in full progress.

Industry and Business

Agricultural imports in 2017 rise rapidly

 China's imports of major agricultural products continued to increase fast in the first five months of the year, driven by price gaps between domestically produced products and imported products, according to the Ministry of Agriculture.

High costs challenge China's agricultural competitiveness: report

 High costs in grain production are posing challenges to China's agricultural competitiveness, a report said.Rapidly-growing labor and land costs have boosted prices of homegrown farm produce to levels near or even higher than imported grain, according to a report by the Rural Development Institute of the Chinese Academy of Social Sciences.

China's rural cooperatives see rising sales in H1

 BEIJING, July 17 (Xinhua) - Sales by rural supply and marketing cooperatives rose in the first half of 2017 as China pushed reforms on these entities, allowing them to serve rural residents more efficiently, official data showed Monday.

Chinese, US enterprises sign agricultural transaction contracts

 CHICAGO - Some 20-odd Chinese and US enterprises on Thursday signed agricultural transaction contracts worth $5.012 billion, under which Chinese enterprises will import 12.53 million metric tons of soybean and 371 tons of pork and beef from the US companies.

Sugar vs corn syrup in Asia

 China's reform of its vast corn sector is spurring a rapid revival of cheaper high-fructose corn syrup (HFCS), putting it on a collision course with Asian sugar producers in a battle for the lucrative sweetener market.

US, Canada vie to satisfy China's voracious appetite for pork

 BEIJING - Canada has overtaken the United States as the top North American supplier of pork to China as farmers and meat packers in both nations battle for lucrative shares of the biggest global market.

First shipments of New Zealand chilled meat leave for China

 The first export consignments of chilled meat have left New Zealand shores bound for China as part of a six-month trial, New Zealand Primary Industries Minister Nathan Guy said on Friday.

China-cooked poultry meat acceptable to US

 China made a trade breakthrough after it exported cooked poultry meat to the US for the first time. This was seen to signify that the country has reached an international standard of poultry processing and quality supervision, according to China’s People’s Daily.

China's dairy products quality continues to improve: report

 Some 99.8 percent of fresh milk and 99.5 percent of dairy products checked last year were up to standard, according to a dairy quality report released Wednesday.

New Zealand dairy sales to China boost exports

 WELLINGTON - New Zealand dairy exports to China were up 102 percent in value to reach NZ$373 million ($277 million) in June, and up 63 percent in quantity, which boosts the country's exports, its statistics department Stats NZ said on Wednesday.

Rice deal opens up huge market

 China started to allow rice imports from the United States for the first time as part of the latest effort to enhance bilateral trade in agricultural products, the Ministry of Commerce said on Thursday.

China's expanding olive oil market stimulates global production

 MADRID, July 20 (Xinhua) - China is purchasing record amounts of olive oil and helping to stimulate global production, said a leading olive industry organization on Thursday.

Belarus to supply 20 mln USD worth of beef to China in 2017

 MINSK, July 28 (Xinhua) - Belarus will export 20 million U.S. dollars worth of beef to China in 2017, local media reported

First China-U.S. Comprehensive Economic Dialogue sees some positive outcomes

 WASHINGTON, July 21 (Xinhua) - The first China-U.S. Comprehensive Economic Dialogue (CED) saw the world's two largest economies resolve a number of issues in their trade relationship while agreeing to work together to solve outstanding problems.

China agrees to expand trade in services with U.S.

 WASHINGTON, July 20 (Xinhua) - China agreed to expand bilateral trade in services with the United States during the first China-U.S. Comprehensive Economic Dialogue (CED) concluded on Wednesday.

CITIC Agri Fund buys part of Dow corn seed assets for $1.1b

 A Chinese fund part-owned by conglomerate CITIC has paid $1.1 billion for some of Dow Chemical Co’s corn seed business in Brazil, in a further sign of China’s fast-expanding role in the global seed sector.

COFCO hungry to beef up its presence in global food trade

 China National Cereals, Oils and Foodstuffs Corp, the country's biggest food trader by revenue, will accelerate its pace of building warehouses and logistics facilities in the world's major grain-producing regions this year, said a senior executive on Wednesday.

Chinese outbound investment becomes more rational

 Chinese outbound investment has become more rational, dropping 42.9 percent in the first half of this year, a senior official said Monday.

Statistics

Average food prices in 50 citiesJuly11-20, 2017

 

Item

Specification/Unit

Current price

(RMB)

Percentage changes

as compared to last period

(%,July1-10, 2017)

Rice

Japonica rice / kg

6.37

-0.2

Flour

Strong flour / kg

6.31

0.5

Flour

Standard wheat / kg

5.22

0.2

Soy products

Bean curd / kg

4.82

-0.2

Peanut oil

5 Lin barrel bulk / litre

28.00

-0.1

Soyabean oil

5 Lin barrel bulk /litre

9.83

0.1

Rape seed oil

Grade 1 in bulk / liter

13.96

0.2

Pork

Rump / kg

26.10

-0.2

Pork

Belly meat / kg

27.73

0.0

Beef

Leg / kg

66.97

0.1

Mutton

Leg / kg

58.56

0.1

Chicken

Frozen fresh chicken / kg

21.38

0.2

Chicken

Breast / kg

19.73

0.3

Ducks

Frozen fresh duck / kg

17.48

0.5

Eggs

Fresh eggs in bulk / kg

8.16

-1.3

Source: China National Bureau of Statistics

Major meat retail priceJuly2017

 Pork (Lean):

RMB1.00 yuan/kg

Average Sales Price (Street markets & Supermarkets)

Var. Percent

A.       07/11/17-
07/20/17

B.       07/01/17-
07/10/17

C.       06/11/17-
06/20/17

D.       07/11/16-
07/20/16

(A-B)/B

(A-C)/C

(A-D)/D

31.06

31.08

31.24

35.06

-0.06%

-0.58%

-11.41%

 

Egg:

RMB1.00 yuan/kg

Average Sales Price (Street markets & Supermarkets)

Var. Percent

E.        07/11/17-
07/20/17

F.        07/01/17-
07/10/17

G.       06/11/17-
06/20/17

H.       07/11/16-
07/20/16

(E-F)/F

(E-G)/G

(E-H)/H

8.10

8.24

7.24

8.74

-1.70%

11.88%

-7.32%

 

Chicken:

RMB1.00 yuan/kg

Average Sales Price (Street markets & Supermarkets)

Var. Percent

I.         07/11/17-
07/20/17

J.         07/01/17-
07/10/17

K.       06/11/17-
06/20/17

L.        07/11/16-
07/20/16

(I-J)/J

(I-K)/K

(I-L)/L

19.14

19.16

19.14

19.82

-0.10%

0.00%

-3.43%

 

Source: China Animal Agriculture Association 

 
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