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China Agricultural Newsletter - April 2019

The China Agricultural Update is provided by the Iowa Economic Development Autority's (IEDA) office in China, which is operated by Phoenix Consulting LLC. Ms. Wendy Zhang, IhEDA'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 to strengthen soybean industry through subsidies, investment in research

 China will continue to provide subsidies and increase research and development investment in soybean cultivation to promote its own soybean industry and reduce reliance on soybean imports, according to China's Ministry of Agriculture and Rural Affairs on Tuesday.

China urges large pig farms to test for African swine fever

 China will allow large-scale pig farms and breeding farms to test for African swine fever in a bid to help early detection of the disease, overturning an earlier prohibition on commercial firms carrying out their own testing.

China's chemical industry set for massive changes

 China's chemical industry could see major relocations and closures of plants and industrial parks this year amid a nationwide safety crackdown following a couple of deadly factory blasts in East China. 

China cuts tax rates on inbound consumer goods

 China will lower the tax rates on a range of goods brought or mailed by individuals into the country, including food, medicines, textiles and information technology products, the Customs Tariff Commission of the State Council announced Monday.

Industry and Business

China's weekly farm produce prices continue to retreat

 BEIJING, April 24 (Xinhua) - Prices of farm produce in China continued to retreat last week, data from the Ministry of Commerce (MOC) showed.

China's corn imports up in March

 BEIJING, April 28 (Xinhua) - China's corn imports soared in March due to rapidly-growing demand from the domestic market, customs data showed.

China expects sufficient int'l soybean supply in H1

 BEIJING, April 17 (Xinhua) - China expects sufficient soybean supply from a favorable international market in the first half of this year, the Ministry of Agriculture and Rural Affairs (MARA) said Wednesday.

China expects sufficient int'l soybean supply in H1

 BEIJING, April 17 (Xinhua) - China expects sufficient soybean supply from a favorable international market in the first half of this year, the Ministry of Agriculture and Rural Affairs (MARA) said Wednesday.

Argentinean delegate seeks China's approval for soy-based feed sales

 Officials from Argentina were recently in China to convince local buyers into acquiring Argentinean soymeal products and obtain the Chinese government’s approval for the sales of soy-based livestock feed to the world’s top consumers, Reuters reported.

USDA: China Grain and Feed Annual

 Persistent dry weather and lingering uncertainty about prices at harvest are likely to delay planting of the MY2019/20 corn crop for the second consecutive year in North East China and the North China Plain.

Swine fever contained, minister says

 China has contained the spread of African swine fever, with the number of new outbreaks slowing this year, according to Han Changfu, minister of agriculture and rural affairs.

China confirms no pork imported from ASF affected countries

 A Chinese official denied that China's African swine fever (ASF) epidemic originated with pork imported from Russia, according to a report from The Beijing News on Sunday.

Ministry: Pork price may surge in H2

 The price of pork, a staple meat in China, may see a hike of more than 70 percent year-on-year in the latter half of the year, the Ministry of Agriculture and Rural Affairs said on Wednesday.

China pork producer swings to loss on lower prices

 BEIJING, April 24 (Xinhua) - Wens Foodstuff Group Co., one of China's largest pork producers, said Wednesday that its net profits swung to a big loss during the first quarter this year.

Pork imports expected to stay high, prices likely to climb over next 2 years

 Because of a decrease in domestic pork supplies following African swine fever outbreaks, China will see its pork imports rise rapidly to historical highs over the next two years, according to a report released on Saturday.

Hog virus pushes China to increase US pork purchases despite trade war

 China's purchases of US pork climbed to the highest in at least six years last week, US Department of Agriculture data show. The sale of 77,732 tonnes of US pork in the week ended 4 April gives hope to US hog farmers and meat companies such as WH Group Ltd's Smithfield Foods that China's demand will increase further.

China's farm produce reports 300b yuan online sales in 2018: minister

 Online sales of China's farm produce stood at 300 billion yuan ($44.75 billion) in 2018, the country's agriculture minister said Sunday.

Food production industry becoming more digitalized

 China's consumption upgrading and the trend of cross-border management have create more challenges to ensure food safety, a white paper showed.

Dairy firms eye growing appetite for cheese

 Cheese is set to become a new growth point of the dairy sector in China, prompted by the increasing popularity of Western food and some innovative combinations such as cheese hotpot and milk tea with cheese on top.

Efficiency up, pollution down in farming sector

 China has made great progress in promoting agriculture over the past several years, resulting in reduced environmental pollution, according to a report released by the Chinese Academy of Agricultural Sciences.

Diplomatic dispute emerges as China slows Canada's exports of agricultural products

 According to reporting by Reuters, an increasing number of Canadian exports of agricultural products to China have encountered obstacles in Chinese ports. This has put strain on Canadian pork, soybean and pea exporters, and put additional pressure on the diplomatic relationship between the two countries.

China's top feed producer New Hope builds three pig farms in Vietnam

 China's top feed producer, New Hope Group, has announced that it is building three pig farms in neighbouring Vietnam, even as an incurable pig disease spreads through the Southeast Asian country.

Chinese chemical firms face regulation

 China's chemical industry is expected to face tough regulation from both central and local governments that will likely lead to closures of many small plants and prompt consolidation within the industry, after a pair of deadly explosions at chemical plants last month.

Cargill to boost Jilin corn processing unit

 Cargill Inc, the US-based agricultural conglomerate, will invest $112 million to expand the capacity of its corn processing facility in Songyuan in northeastern China's Jilin province, its global head said on Monday.

Amazon to shift focus of its business in China

 US-based tech giant Amazon.com Inc plans to shut down its third-party seller services on its Chinese online marketplace in July as it shifts its focus to the more lucrative businesses of cross-border e-commerce, cloud services and e-reader devices in the country.

Statistics

Market Price of Major Agricultural Products in Circulation, April 11-20, 2019

 

Products

Units

Current Price

(CNY)

Price Change over Previous Period

(April 1-10, 2019, CNY)

± Rate (%)

Rice (Japonica Rice)

ton

4219.1

-7.2

-0.2

Wheat (Third-Class of National Standard)

ton

2400.0

-11.4

-0.5

Corn (Second-Class of Yellow Corn,)

ton

1784.9

19.8

 1.1

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

ton

15595.4

46.9

 

 0.3

Live Pig (External Triple Crossbreed)

kg

14.5

-0.6

-4.0

Soybean

ton

3836.7

64.8

1.7

Soybean Meal (Crude Protein Content≥43%)

ton

2542.1

5.9

0.2

Peanut (Oil Peanut)

ton

7121.4

283.3

4.1

Urea (Small Granule)

ton

2145.8

-29.7

-1.4

Compound Fertilizer (Compound Fertilizer of Potassium Sulfate)

ton

2580.0

4.3

0.2

Pesticide (Glyphosate, 95% Technical Material)

ton

24487.5

-25.0

-0.1

Source: China National Bureau of Statistics

 
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