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China Agricultural Newsletter - October 2012

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 publishes farmer loan regulations

BEIJING, Oct. 20 (Xinhua) -- China's banking regulator announced Saturday that its regulations on farmer loans will come into force on Jan. 1 next year. The regulations, which have recently been published by the China Banking Regulatory Commission (CBRC), will regulate farmer loan issuance and help financial institutions strengthen risk management to avoid bad debts, according to a statement from the CBRC's website.

More subsidies to help trade

CHINA will offer 2.5 billion yuan (US$397 million) this year, up 25 percent from a year earlier, as subsidies to pay the interest on loans importers borrowed to purchase selected types of goods, the Ministry of Finance said yesterday.

China maintains import quotas for grain, cotton in 2013

China maintains low-tariff import quotas for key grain categories and cotton in 2013. The quotas were set under negotiations for China’s entry to the World Trade Organization and have been unchanged since 2004.

China's quality watchdog urges importers to recall Nongshim noodles

BEIJING, Oct. 26 (Xinhua) - China's consumer quality watchdog on Friday urged importers to recall certain kinds of instant noodles produced by Nongshim, the Republic of Korea (ROK)'s largest instant noodle maker, as some of the noodles have been found to contain carcinogens.

China blocks 169 substandard food imports

BEIJING, Oct 30 (Xinhua) - Chinese authorities uncovered 169 batches of substandard imported food in September, according to figures released by China's General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ) here on Tuesday.

New countryside stimulus plan in the works

The Ministry of Finance and the National Development and Reform Commission are considering another round of the countryside campaign to drive vehicle demand in rural areas.

Biological industry plans to be issued in November

China's 12th Five-Year (2011-15) Plan for the Development of the Biological Industry is expected to be released next month, Shanghai Securities News reported on Thursday.

Industry and Business Watch

China's farm produce prices edge up

BEIJING, Oct. 23 (Xinhua) - Farm produce prices in 36 large- and medium-sized cities trended slightly upward last week, the Ministry of Commerce (MOC) said Tuesday.

China's grain production to rise more than 20% in autumn 2012

China’s grain production is expected to rise more than 20% on year in the autumn of 2012 as the country overcomes drought, pest plague and typhoon. The country’s autumn grain-planting area reached 5.19 million hectares this year, up 41,200 hectares over last year.

China's soybean imports to reach record high

BEIJING, Oct. 28 (Xinhua) - China's soybean imports are likely to touch a record high of 57.5 million tonnes in 2012, up 9.3 percent year on year, due to the country's booming demand and shrinking domestic output.

China's corn prices on the rise

New corn prices in China have risen due to active acquisition by traders, feed mills and deep processing enterprises. However, as demand from the downstream industries has not recovered for a large scale, mass supply of the new corn will probably weigh on the market and curb sharp rise of corn prices.

US Grains Council forecasts strong China corn crop

Buoyed by higher yields and an increase in planted acreage, the US Grains Council (USGC) projects another good Chinese corn crop during the 2012 China Corn Harvest Tour.

China pork demand could lead to record corn imports

If current trends in China's pork production and industrialization continue, the country's corn imports could approach 20 million metric tons per year within a five-year time frame, according to a report released by Rabobank's Food and Agribusiness Research and Advisory Group.

Wheat imports increase to seven-year high

China's wheat imports rose to a seven-year high in the year to September, but higher global prices due to bad weather in the United States and Australia are likely to cut purchases for the rest of the year.

China meat and poultry production rise 5% in 2012

China’s National Bureau of Statistics announces that the country’s pork, beef, mutton and poultry production has reached 57.28 million tonnes in the first three quarters of 2012, an one-year rise of 5%.

China expects major progress for local meat sector

The secretary general of China Meat Association (CMA), Chen Wei, has announced that China’s meat sector is starting to consolidate and shift from its past dependence on small businesses.

China to see rising pork imports for 2013

China’s hog figures see a three-year decline which may drive pork imports to record levels for 2013. USDA staff in Beijing ditched expectations of China’s hog herd, which accounts for roughly half the world total, returning to growth this year, despite efforts by the government to support profitability, by for example buying port for cold storage.

China sees 125% on-year rise for beef imports

China’s beef imports rise 125% on-year, to 4,912 tonnes for August 2012. Uruguay was the largest beef supplier to China during August, with total imports increasing 47% on-year, to 1,542 tonnes. Imports of Australian beef were also strong, rising 117% on-year, to 1,169 tonnes.

Mengniu Dairy, Arla Foods establish RMB 220 million dairy knowledge center

China Mengniu Dairy and Denmark’s Arla Foods have signed an investment agreement of RMB 220 million to establish a “Sino-Danish Dairy Product Technology Cooperation Center” in Beijing, China.

China-based New Hope Group invests in feed plant in Medan, Indonesia

New Hope Group, the biggest China-based agribusiness, is planning to open an animal feed plant in Medan, North Sumatra with as much as US$100 million initial investment in order to strengthen its business in Indonesia.

China's fertiliser production rise 19% Jan-Aug 2012

China’s production of nitrogen, phosphorous and potassium fertilizers reached 50.4 million tonnes from January to August 2012, a rise of 19.1% on year. According to statistics from the China National Chemical Information Centre, the monthly output of nitrogen, phosphorous and potassium fertiliser showed as much as 37.4% of growth from the same period of last year, higher than the 10% to 20% growth in previous months.

China inks 10-year potash supply deal with tiny American miner

(Reuters) - A state-owned Chinese fertilizer company has signed a 10-year potash supply agreement with Prospect Global Resources Inc (PGRX.O), guaranteeing China a steady flow of the crucial fertilizer and helping it partially sidestep multinational suppliers like Potash Corp (POT.N). The deal with Sichuan Chemical Industry Holding (Group) Co SICHAD.UL, worth more than $2 billion, is part of a Chinese trend to partner with small mining companies hungry for capital to develop their land.

Wal-Mart to open 100 more stores in China

Wal-Mart Stores Inc, the world's largest retailer in terms of sales, plans to open 100 new stores over the next three years in China, in a bid to maintain its growth momentum, which is being driven by the emerging middle class.

Walmart weds Yihaodian to expand online

US retailer Walmart and local online shopping site Yihaodian said they will join hands to run e-commerce business as the US supermarket giant seeks to grab a bigger share of China's online spending.

Nestle to build two more R&D centers

Nestle SA, the world's largest food company measured by revenue, announced plans on Thursday to build two more research and development centers in China.

Operators fight for bigger slice of rising bakery market

Foreign bakery chains are accelerating their expansion into China, as local hunger grows for freshly baked bread, cakes and pastries.

Statistics

Average food prices in 50 cities October 11-20, 2012

 

Item
Specification/Unit
Current price (RMB)
Percentage changes as compared to last period
(%, Oct. 1-10, 2012)
Rice
Japonica rice / kg
5.66
0.2
Flour
Strong flour / kg
5.15
0.0
Flour
Standard wheat / kg
4.11
0.5
Soy products
Bean curd / kg
4.15
-0.2
Peanut oil
5 Lin barrel bulk / litre
28.91
0.0
Soyabean oil
5 Lin barrel bulk / litre
12.29
-0.1
Rape seed oil
Grade 1 in bulk / kg
13.28
-0.2
Pork
Rump / kg
25.59
-0.3
Pork
Belly meat / kg
25.44
-0.4
Beef
Leg / kg
55.52
1.0
Mutton
Leg / kg
56.40
0.3
Chicken
Frozen fresh chicken / kg
19.00
0.4
Chicken
Breast / kg
21.02
0.1
Ducks
Frozen fresh duck / kg
17.00
-0.2
Eggs
Fresh eggs in bulk / kg
10.38
-2.5
Source: China National Bureau of Statistics

 

Major meat retail price October 2012

           Pork (Lean):

                                                                                                                           RMB1.00 yuan/kg
Average Sales Price (Street markets & Supermarkets)
Var. Percent
A.       10/01/12-10/10/12
B.       9/21/12-9/30/12
C.       9/01/12-9/10/12
D.       10/01/11-10/10/11
(A-B)/B
(A-C)/C
(A-D)/D
29.71
29.70
29.52
34.42
0.03%
0.64%
-13.68%
 
Egg:
                                                                                                                     RMB1.00 yuan/kg
Average Sales Price (Street markets & Supermarkets)
Var. Percent
E.        10/01/12-10/10/12
F.        9/21/12-9/30/12
G.       9/01/12-9/10/12
H.       10/01/11-10/10/11
(E-F)/F
(E-G)/G
(E-H)/H
10.68
10.92
10.68
10.56
-2.20%
0.00%
1.14%
 
Chicken:       
                                                                                                                             RMB1.00 yuan/kg
Average Sales Price (Street markets & Supermarkets)
Var. Percent
I.         10/01/12-10/10/12
J.         9/21/12-9/30/12
K.       9/01/12-9/10/12
L.        10/01/11-10/10/11
(I-J)/J
(I-K)/K
(I-L)/L
18.14
18.08
18.00
18.88
0.33%
0.78%
-3.92%
 
Source: China Animal Agriculture Association
 
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