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China Agricultural Newsletter - November 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

China launches anti-dumping probe into Australian barley

 China's Ministry of Commerce (MOC) has decided to start an anti-dumping investigation into imported barley from Australia, it announced Monday.

China to strengthen product certification process

 China will intensify international cooperation to promote mutual recognition of standards to reduce repetition in testing and certification of products and services to facilitate international trade, a top market regulatory official said on Wednesday.

China unveils new policies to push for more reforms in free trade zones

 The State Council, China's cabinet, unveiled new measures on Friday to deepen reforms and innovation in pilot free trade zones (FTZs) in the country, a move for improving the business environment and facilitating trade. 

China to unveil transitional policy for cross-border e-commerce

 Details of the transitional phase of policy for cross-border e-commerce will soon be implemented, including an expanded list for imported products ranging from electronics to consumer goods, food and healthcare products, domestic news site Economic Information Daily reported on Monday.

China to expand mixed ownership reform of SOEs

 More pilot state-owned enterprises (SOE) will carry out mixed ownership reform in key areas, according to an official from the state asset authority.

China to ease tax burdens for private enterprises

 China will take solid steps to relieve the tax burdens for private enterprises to support better development of private businesses.

Industry and Business

China's super hybrid rice output reaches new high

 Yuan Longping, the "father of hybrid rice," and his team have set a new world record in super hybrid rice output, the science and technology department of north China's Hebei Province said Monday.

China to become key player in global soybean pricing system: analysts

 As the global soybean supply pattern undergoes a transformation, the biggest importer - China - is likely to become a key player in a multi-polar pricing system, experts said on Tuesday.

South American soybean exports to China to see sharp increase

 With China's imports of soybeans from South American countries such as Argentina poised to nearly double next year amid the ongoing China-US trade war, the US will bear the brunt of its souring ties with China and lose its position as the leading global soybean supplier, industry sources said.

China swine fever outbreak to curb its soybean imports

 China's imports of soybeans are set to drop as an outbreak of African swine fever hits its huge pig herd and saps demand for the animal feed ingredient

African swine fever reaches Beijing, 73 cases recorded so far

 China has reported the first case of African swine fever (ASF) in its capital, Beijing. The highly contagious disease was discovered on two farms in the city’s southwestern district of Fangshan, Reuters reported. 

China attempts to stabilize pork supply as swine fever epidemic continues

 As China reported the first case of African swine fever in Beijing, the country will attempt to keep pork supplies stable by adjusting rules which tackle the spread of the disease, an official said. 

China's top pig farming firm to follow new lower protein feed standards

 China's top pig farming company Wens Foodstuffs Group Co Ltd will comply with new government-backed guidelines on lower protein in animal feed, a company executive said, adding however that the impact on its operations would be minimal

Facial scanning introduced to track livestock as China modernizes pork industry

 Swine farms across China may soon be empowered by new pig face recognition technology, allowing farmers to track, feed and manage their livestock.

Mobile loans bring easier financial access to Chinese farmers

 More farmers in China are benefiting from mobile loans, a new and quicker financial service on their phones. It only takes a few minutes before farmers in west China's Inner Mongolia Autonomous Region can get unsecured loans of up to 100,000 yuan (about 14,400 U.S. dollars).

China, Ukraine seek deeper cooperation on agriculture, infrastructure and energy

 China and Ukraine are looking forward to deepening their cooperation on sectors including agriculture, infrastructure and energy to achieve mutual benefits and win-win outcomes, representatives from the two countries said at an economic and trade forum Thursday.

China to double agricultural trade with Japan, ROK in 10 years: official

 A Chinese agricultural official Saturday called for closer agricultural cooperation among China, Japan and the Republic of Korea (ROK) in Beijing. China will work to double its agricultural trade with Japan and ROK to over 30 billion U.S. dollars in the next 10 years, said Chinese minister of agriculture and rural affairs Han Changfu at the Third Trilateral Agriculture Ministers’ Meeting.

China opens market to Kenya's agricultural products

 China and Kenya signed a Memorandum of Understanding on Sanitary and Phytosanitary Measures, or SPS, on Thursday. The MOU was signed between the General Administration of Customs of China and Kenya's ministry of Agriculture, Livestock and Fisheries.

Chinese market open to high-quality food produce: officials

 (ECNS) - The first China International Import Expo (CIIE) has sent a clear signal that the Chinese market is open to high-quality milk, meat and other food produce from around the world.

FTZs major measures of China to expand opening up

 China has established 12 free trade zones (FTZ) over the past five years. As pioneers of the government's reform in investment, trade and duty transformation, the FTZs have created innovative mechanisms, becoming role models of China's reform and opening up in the new era.

E-commerce companies forecast robust demand for range of imported products

 With the China International Import Expo expected to stimulate demand for imports, from machinery and pharmaceuticals to everyday products, cross-border e-commerce companies are preparing to reap the benefits.

Alibaba vows $200 bln in int'l orders

 Alibaba Group pledged on Tuesday to help import $200 billion worth of goods from more than 120 countries and regions over the next five years, as the country's top e-commerce player boosts its efforts to meet rising demand in China for high-quality international products.

Offline retail store '7Fresh' to make splash in Shanghai

 JD.com's offline retail store "7Fresh" will open its first outlet in Shanghai's Hongkou District as an important step in its nationwide expansion.

JD.com's fintech unit enters into agriculture and husbandry sector

 JD Finance, the financial technology arm of China's e-commerce tycoon JD.com, unveiled the upgrade of its brand on Tuesday with JD Digits, and a move to make inroads into the agricultural and husbandry industry via AI technology.

Statistics

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

 

Products

Units

Current Price

(CNY)

Price Change over Previous Period

(November 1-10, 2018, CNY)

± Rate (%)

Rice (Japonica Rice)

ton

4282.5

0.0

0.0

Wheat (Third-Class of National Standard)

ton

2515.4

7.4

0.3

Corn (Second-Class of Yellow Corn,)

ton

1880.0

30.1

1.6

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

ton

15682.7

-66.3

 

-0.4

Live Pig (External Triple Crossbreed)

kg

13.2

-0.4

-2.9

Soybean

ton

4013.8

-14.8

-0.4

Soybean Meal (Crude Protein Content≥43%)

ton

3270.9

-73.6

-2.2

Peanut (Oil Peanut)

ton

6349.5

176.9

2.9

Urea (Small Granule)

ton

2169.9

-14.7

-0.7

Compound Fertilizer (Compound Fertilizer of Potassium Sulfate)

ton

2635.0

0.0

0.0

Pesticide (Glyphosate, 95% Technical Material)

ton

28937.5

0.0

0.0

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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