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China Agricultural Newsletter - September 2018

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@iowaeda.com.

Laws, Regulations and Policies

Premier Li stresses reform and opening-up, unleashing market vitality

 Chinese Premier Li Keqiang has called for greater efforts in deepening reform and opening-up, as well as unleashing market vitality in pushing the country's high-quality development.

China releases five-year plan on rural vitalization strategy

 BEIJING - China has released a five-year plan on its rural vitalization strategy, the first of its kind, mapping out a number of major projects, programs and actions.

China's cabinet: New measures to be taken for steady growth of foreign trade

 China will roll out new measures including cutting customs clearance time, streamlining port services and improving the export tax rebate policy to increase opening up and facilitate the steady growth of foreign trade, the State Council's executive meeting chaired by Premier Li Keqiang decided on Tuesday.

China to cut import tariffs on 1,585 taxable items

 China will reduce import tariffs on 1,585 taxable items starting Nov. 1, to serve industrial upgrading, lower corporate cost and meet domestic demand, a State Council executive meeting chaired by Premier Li Keqiang decided Wednesday.

China to introduce more measures to facilitate foreign investment

 The Chinese government will roll out more measures to facilitate the delivery of major foreign-invested projects, lower tariffs on some imported goods and streamline customs clearance procedures at a faster pace, as was decided at the State Council executive meeting presided over by Premier Li Keqiang on Wednesday.

China adopts e-commerce law to improve market regulation

 BEIJING, Aug. 31 (Xinhua) - China's top legislators on Friday passed an e-commerce law aimed at improving regulation over the flourishing market.

Industry and Business

Inflation picks up moderately as pork, vegetable prices rise

 China's consumer inflation picked up more than expected in August, mainly driven by food price increases due in part to seasonal factors. Amid worries about inflation pressure caused by African swine fever and tariff tensions with the United States, there are no major concerns for significant inflation pressure in the coming months, pointing to mild inflation toward the end of this year, according to analysts and officials.

Good harvest expected to help cope with risks

 China is expecting another good harvest year and has optimized farming patterns, which will consolidate the country's food security and help cope with various economic risks at home and abroad, a senior official in charge of agriculture said.

China's corn planting area may rebound in 2019

 By Think Real - On 10 August 2018, the Ministry of Agriculture and Rural Affairs of the People’s Republic of China (MOA) unveiled the agricultural produce supply and demand analysis made this month. It is expected that in 2018/19, the demand for corn will outweigh the production - the balance at the year of the period will reduce by 17.75 million tonnes.

China to buy more Russian soybeans amid trade war with U.S.

 Russian companies are eager to increase exports of soybeans and other agricultural products to China amid the China-U.S. trade war. However, Russia's soybean exports are unlikely to replace those from the U.S., at least in the short term. 

Chinese GM soybeans in Argentina expected to fill import gap

 Planting soybean in foreign countries could provide a hand-up for China in the face of the ongoing trade war with the U.S., said an expert, as a China-developed genetically modified (GM) soybean may soon receive approval for commercial cultivation in Argentina this year.

China's hog sector able to cut dependence on US soybeans, says a Chinese soybean crusher

 China could reduce its dependence on US soybeans to feed its hog herds through a six-part strategy, according to Mu Yan Kui, vice chairman of Yihai Kerry, one of China’s largest soybean crushers.

African swine fever cases in China total 20 and counting

 Despite measures to contain African swine fever, it is unlikely that China has controlled the spread of the disease, based on the broad dispersion of cases reported so far, according to a report by the agricultural lender Rabobank.

China forbids use of food waste as pig feed in provinces impacted by swine fever

 China’s agriculture ministry has announced the prohibited use of food waste as pig feed in provinces affected by the recent outbreaks of African swine fever, Reuters reported.

Top Chinese dairy company Yili connects more European partners to innovate

 Top Chinese dairy company Yili Group announced on Thursday that its innovation center based in Wageningen University will connect more European partners to boost innovation for better food.

GMO cotton prompts dramatic drop in China's pesticide use

 China has experienced large and sustained reductions in pesticide use as a result of adopting GMO cotton, according to the largest-ever scientific study on the impacts of Bt cotton use in that country.

Online-offline integration shaping retail industry development

 With e-commerce giants and physical stores joining forces to expand online and offline integration, the concept of unbounded retail is shaping the future of the industry's development.

Tmall Global attracts 19,000 int'l brands

 Alibaba's shopping platform Tmall Global has attracted over 19,000 international brands from 75 countries and regions since launching in 2014, the company announced on Wednesday, as it seeks to cash in on the lucrative Chinese market.

Giant online retailer JD CENTRAL officially launched in Thailand

 JD CENTRAL, a giant online retailer, has officially launched its online platform www.jd.co.th in Thailand. In a press release distributed on Thursday, JD CENTRAL Chief Executive Officer Vincent Yang said the firm has a fully integrated logistics service and plans to increase the number of warehouses to support same-day delivery for about 25 million customers by next year.

China sees upgrading structure in outbound direct investment

 BEIJING, Sept. 22 (Xinhua) - China's outbound direct investment (ODI) has seen its structure upgrading, with less irrational spending, more diverse destinations and higher efficiency, according to official information.

Statistics

Market Price of Major Agricultural Products in Circulation, September 11-20, 2018

 

Products

Units

Current Price

(CNY)

Price Change over Previous Period

(September 1-10, 2018, CNY)

± Rate (%)

Rice (Japonica Rice)

ton

4325.0

0.0

0.0

Wheat (Third-Class of National Standard)

ton

2462.0

-0.1

0.3

Corn (Second-Class of Yellow Corn,)

ton

1800.8

0.1

0.1

Cotton (Ginned Cotton, Third-Class of White Cotton,)

ton

15965.2

-0.1

 

-0.2

Live Pig (External Triple Crossbreed)

kg

13.6

-2.9

1.4

Soybean

ton

3674.0

0.5

0.2

Soybean Meal (Crude Protein Content≥43%)

ton

3287.8

1.9

2.6

Peanut (Oil Peanut)

ton

6052.1

0.5

1.1

Urea (Small Granule)

ton

2100.4

3.0

2.6

Compound Fertilizer (Compound Fertilizer of Potassium Sulfate)

ton

2580.0

0.0

0.0

Pesticide (Glyphosate, 95% Technical Material)

ton

28312.5

1.9

-0.1

Source: China National Bureau of Statistics

Major meat retail price July 2018

 Pork (Lean):

                                                                           RMB1.00 yuan/kg

Average Sales Price (Street markets & Supermarkets)

Var. Percent

A.       07/21/18-
07/30/18

B.       07/11/18-
07/20/18

C.       06/21/18-
06/30/18

D.       07/21/17-
07/30/17

(A-B)/B

(A-C)/C

(A-D)/D

28.26

28.08

27.80

30.98

0.64%

1.65%

-8.78%

 

Chicken:       

                                                                          RMB1.00 yuan/kg

Average Sales Price (Street markets & Supermarkets)

Var. Percent

E.        07/21/18-
07/30/18

F.        07/11/18-
07/20/18

G.       06/21/18-
06/30/18

H.       07/21/17-
07/30/17

(I-J)/J

(I-K)/K

(I-L)/L

20.48

20.44

20.46

19.12

0.20%

0.10%

7.11%

 

Egg:

                                                         RMB1.00 yuan/kg

Average Sales Price (Street markets & Supermarkets)

Var. Percent

I.         07/21/18-
07/30/18

J.         07/11/18-
07/20/18

K.       06/21/18-
06/30/18

L.        07/21/17-
07/30/17

(E-F)/F

(E-G)/G

(E-H)/H

9.60

9.34

9.52

8.00

2.78%

0.84%

20.00%

 

Source: China Animal Agriculture Association 

 
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