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China Agricultural Newsletter - January 2013

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

Campaign for agricultural innovation to be launched

The Agricultural Science and Technology Innovation Project will be launched this year. The announcement was made by the Chinese Academy of Agricultural Sciences (CAAS) at a media briefing in Beijing on Jan. 21st, 2013. Vice Minister of Agriculture and CAAS President Li Jiayang attended the media briefing.

China allots US$19.6 billion for spring grain production

In order to subsidize spring grain cultivation, the Chinese government has allocated CNY122.2 billion (US$19.6 billion) from its central budget.

China moves to cut farm produce distribution costs

Jan. 15 (Xinhua) - The State Council, China's cabinet, recently issued a circular asking local authorities to ensure the implementation of a range of measures aimed at cutting logistics costs for farm produce amid climbing food prices.

Government to boost seed industry

China has vowed to boost its seed industry over the next decade to ensure grain stocks grow, amid fears that limited arable land and water may become constraints for agricultural production.

Govt ups minimum rice price by 10%

China's top economic planner said Wednesday that it will raise the State-set minimum prices for rice in 2013, in a bid to boost grain production and ensure food security.

Chinese gov't urges measures to stabilize food prices

BEIJING, Jan. 29 (Xinhua) -- The State Council, or China's cabinet, on Tuesday urged more targeted measures to stabilize food prices as the Spring Festival holiday, a peak time for food consumption, draws near.

Authorities vow measures to stabilize vegetable prices

BEIJING, Jan. 8 (Xinhua) -- Relevant Chinese authorities are moving to rein in soaring vegetable prices fueled by supply shortages amid the cold weather.

China and US regulators approves dairy certification

Regulators from China and the US have approved a dairy certificate that will ensure the flow of US dairy goods into the largest dairy importer in the world.

Industry and Business Watch

MOC: Farm produce prices still rising

BEIJING, Jan. 21 (Xinhua) -- Prices for farm produce continued to gain during the week ending on Jan. 20 due to shrinking supplies affected by smoggy weather, the Ministry of Commerce said Monday.

China's farm produce output grows in 2012

BEIJING, Jan. 19 (Xinhua) -- Farm produce output in China witnessed growth last year, boosted by vegetable, meat and sugar production, the Ministry of Agriculture said Saturday.

China dismisses grain concerns as imports surge

BEIJING, Jan. 16 (Xinhua) -- The Chinese government on Wednesday dismissed concerns over its grain supply security, saying that grain imports have remained within a reasonable range despite rapid expansion last year.

Online farm produce sales increase: report

HANGZHOU, Jan. 10 (Xinhua) -- Although clothing, books and home appliances have long been popular items for online shoppers, more Chinese are now buying their groceries online as well.

China to see 6.8% rise in soy imports in 2013

China is expected to see a rise of 6.8% for soy imports in the present marketing year ending September 30, 2013, according to the International Grains Council. 

China to produce more corn than rice for first time

China will produce more corn than rice in 2013 for the first time in the country's history, thanks to a more affluent middle class and its demand for a more protein-rich diet, according to the U.S. Grains Council.

China's rice imports won't endanger world food security: ministry

BEIJING, Jan. 25 (Xinhua) - China's rising rice imports last year will not alter the supply-and-demand balance in the domestic rice market or threaten global food security, the Ministry of Agriculture said on Friday.

China resumes wheat imports from US, Canada

Spurred by record domestic prices and falling global prices of the grain, China has resumed wheat imports from the US and Canada. China has bought several cargoes of high-protein wheat from the US and Canada over the past few days and import orders are expected to increase as local supplies stay tight until May, when the new harvest hits the market, trade sources said on Wednesday (Jan. 9).

Pork prices up 10 pct in two months

BEIJING, Jan. 20 (Xinhua) -- The cost of pork rose more than 10 percent in the past two months, according to Xinhua News Agency's price system on national farm produce.

China poultry processor: Inspections reports hurting profits

New Hope Liuhe Co., China's biggest poultry supplier, said profits will be hurt by a report that some of its chicken wasn't properly inspected. Yum! Brands Inc. and McDonald's Corp. said they stopped buying meat from the company.

China's IBD poultry vaccine surpasses standards, challenges foreign monopoly

Five Chinese biotech companies paid RMB 15.6 million (US$2.51 million) for two patented poultry vaccine technology development in the Henan Agricultural University, signaling the end of foreign monopoly in China's animal vaccine sector.

China faces high beef prices due to short supplies

The average beef price nationwide has been high over the past months compared with last year, with average daily prices in mid-January up 30% over the same period last year, according to recent report.

China's Yashili to invest US$210 million milk plant in New Zealand

China's Yashili International Holdings plans to invest CNY1.1 billion (US$210 million) to build a milk processing plant in New Zealand.

Local harvests give China record cotton reserves

China, the world's biggest cotton grower and consumer, has amasse d record reserves by buying local harvest s over the past two years to protect farmers and not to control global markets, a State-run trade group said.

US extends food safety agreement with China

In order to enhance collaboration between the countries on food and feed safety, the US Food and Drug Administration (FDA) has extended an agreement with China.

PE investment in agriculture drops to 3-year low

The number of deals and the investment value of private equity and venture capital deals in the Chinese agriculture sector declined sharply in 2012 to a three-year low, according to a report from ChinaVenture Group on Jan 24.

Statistics

Average food prices in 50 cities January 11-20, 2013

Item
Specification/Unit
Current price (RMB)
Percentage changes as compared to last period
(%, Jan. 1-10, 2012)
Rice
Japonica rice / kg
5.75
0.2
Flour
Strong flour / kg
5.10
0.6
Flour
Standard wheat / kg
4.28
1.2
Soy products
Bean curd / kg
4.14
0.2
Peanut oil
5 Lin barrel bulk / litre
29.23
-0.1
Soyabean oil
5 Lin barrel bulk / litre
12.21
-0.3
Rape seed oil
Grade 1 in bulk / kg
13.48
0.0
Pork
Rump / kg
28.07
1.4
Pork
Belly meat / kg
27.99
1.4
Beef
Leg / kg
59.91
1.0
Mutton
Leg / kg
60.64
0.8
Chicken
Frozen fresh chicken / kg
18.93
0.1
Chicken
Breast / kg
21.05
0.2
Ducks
Frozen fresh duck / kg
16.53
0.4
Eggs
Fresh eggs in bulk / kg
10.76
0.0
Source: China National Bureau of Statistics

Major meat retail price January 2013

 

Pork (Lean):
                                                                                                                              RMB1.00 yuan/kg
Average Sales Price (Street markets & Supermarkets)
Var. Percent
A.       01/01/13-01/10/13
B.       12/21/12-12/30/12
C.       12/01/12-12/10/12
D.       01/01/12-01/10/12
(A-B)/B
(A-C)/C
(A-D)/D
31.06
30.58
29.78
32.24
1.57%
4.30%
-3.66%
 
Egg:
                                                                                                                         RMB1.00 yuan/kg
Average Sales Price (Street markets & Supermarkets)
Var. Percent
E.        01/01/13-01/10/13
F.        12/21/12-12/30/12
G.       12/01/12-12/10/12
H.       01/01/12-01/10/12
(E-F)/F
(E-G)/G
(E-H)/H
10.68
10.69
10.52
9.54
-0.09%
1.52%
11.95%
 
Chicken:       
                                                                                                                               RMB1.00 yuan/kg
Average Sales Price (Street markets & Supermarkets)
Var. Percent
I.         01/01/13-01/10/13
J.         12/21/12-12/30/12
K.       12/01/12-12/10/12
L.        01/01/12-01/10/12
(I-J)/J
(I-K)/K
(I-L)/L
19.10
18.44
18.32
18.62
3.58%
4.26%
2.58%
 
Source: China Animal Agriculture Association
 
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