Corn Products China News 1703 - Monthly Market Report
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Corn Products China News provides you with real-time intelligence on Chinas corn products market.
It is a monthly published newsletter, which can be downloaded in PDF format. The subscription period is yearly, grants the subscriber 12 issues in total.
China is the worlds largest producer and exporter of many corn products, including citric acid, monosodium glutamate, vitamin C and vitamin B2.
However, many of Chinas leading corn processors industry are struggling as overcapacity, low prices and proliferating anti-dumping investigations in overseas markets take their toll on bottom lines. Meanwhile, there are hopes that the Chinese government may soon take action to reduce inflated domestic corn prices and reform the countrys import quota system.
Corn Products China News will help you stay ahead of the game in this fast-changing market with real-time reporting on the entire corn products industry chain, from grain markets to the downstream food and feed markets. This includes:
Breaking news from China and abroad
The latest market data, including price information for raw materials, intermediates and end products, import/export data, production, consumption, operating rates, etc.
In-depth analysis of market trends, Chinese government policy, the performance of leading Chinese manufacturers, M&A, new technologies, and more
Expert commentary from industry insiders, including regular guest articles and interviews with insiders at leading Chinese companies, associations and government organizations
Headlines
In order to increase the scale of livestock and poultry farming and reduce environmental pollution, livestock and poultry farms within forbidden areas should be removed or demolished in 2017. Whats more, many subsidy policies were issued to promote large-scale live pig farming in China.
The No. 1 Central Document clearly put forward that Northeast China should unswervingly propel the principle of letting the market determine prices. As well, it should delink subsidies from prices as well as perfect the subsidy system for corn producers. Actively implementing the reform of the corn purchase policy is beneficial for guaranteeing a reasonable income for farmers.
Large stockpiles of corn are one of outstanding issues of agricultural structure in China. In 2016, the country reformed its purchase policy of corn for temporary storage, creating preconditions for the reduction of corn stockpiles. In addition, the Government Work Report this year also encourages corn stockpile reduction through multiple ways.
In 2016, Meihua Bios revenue declined by 6.4% while net profit rose by 144.8%. The companys amino acid business performed well, and it still took the lead in Chinese MSG industry. In the future, Meihua Bio is going to develop pharmaceutical amino acid business.
In 2016, Wens was the first agriculture and animal husbandry company whose net profit exceeded USD1.45 billion (RMB10 billion) in China, which was mainly because of its surging number of live pig for sale and the rising pork price. Currently, the company achieve success in its production mode ""company + farmers"", and it is expected that this mode will be extended in the domestic live pig farming.
China increased corn imports from the US, mainly because of low prices and Ukraines transferring its corn exports to other countries. So far, auctions of temporarily-stored corn have not yet started, and the sale of new corn is progressing slowly. These will be two factors affecting corn import volumes in the future.
Vietnam, the third largest MSG export market in China, decided to reduce import tariff of MSG, which is expected to increase Chinese MSG export and change its export pattern.
In March 2017, corn starch price continued falling YoY in China, but the product still maintain a high profit, thanks to the sliding corn price. In addition, strong domestic demand and export both benefit the corn starch industry. It is forecasted that although operating rate and profit may decline in the future, the product is still profitable.
Due to supply shortage and traders reluctance to sell corn, Chinas corn price started to rise since the end of Feb. 2017. CCM predicted that price rises wont last for long, and the future fluctuations depend on supply of surplus corn and the sale of inventory.
According to CCMs price monitoring, Chinas ex-works price of crystalline xylitol achieved a MoM increase in Feb. 2017, because the supply of raw materials were small and crystalline xylitol production was halted after rigorous environmental inspections. In the first half of 2017, an inadequate supply of raw materials and thorough inspections on xylitol enterprises pushed up xylitol price. However, in the second half of 2017, the prices of xylose and corn are expected to fall, and xylitol price will swing due to the continous environmental inspections.
It is a monthly published newsletter, which can be downloaded in PDF format. The subscription period is yearly, grants the subscriber 12 issues in total.
China is the worlds largest producer and exporter of many corn products, including citric acid, monosodium glutamate, vitamin C and vitamin B2.
However, many of Chinas leading corn processors industry are struggling as overcapacity, low prices and proliferating anti-dumping investigations in overseas markets take their toll on bottom lines. Meanwhile, there are hopes that the Chinese government may soon take action to reduce inflated domestic corn prices and reform the countrys import quota system.
Corn Products China News will help you stay ahead of the game in this fast-changing market with real-time reporting on the entire corn products industry chain, from grain markets to the downstream food and feed markets. This includes:
Breaking news from China and abroad
The latest market data, including price information for raw materials, intermediates and end products, import/export data, production, consumption, operating rates, etc.
In-depth analysis of market trends, Chinese government policy, the performance of leading Chinese manufacturers, M&A, new technologies, and more
Expert commentary from industry insiders, including regular guest articles and interviews with insiders at leading Chinese companies, associations and government organizations
Headlines
In order to increase the scale of livestock and poultry farming and reduce environmental pollution, livestock and poultry farms within forbidden areas should be removed or demolished in 2017. Whats more, many subsidy policies were issued to promote large-scale live pig farming in China.
The No. 1 Central Document clearly put forward that Northeast China should unswervingly propel the principle of letting the market determine prices. As well, it should delink subsidies from prices as well as perfect the subsidy system for corn producers. Actively implementing the reform of the corn purchase policy is beneficial for guaranteeing a reasonable income for farmers.
Large stockpiles of corn are one of outstanding issues of agricultural structure in China. In 2016, the country reformed its purchase policy of corn for temporary storage, creating preconditions for the reduction of corn stockpiles. In addition, the Government Work Report this year also encourages corn stockpile reduction through multiple ways.
In 2016, Meihua Bios revenue declined by 6.4% while net profit rose by 144.8%. The companys amino acid business performed well, and it still took the lead in Chinese MSG industry. In the future, Meihua Bio is going to develop pharmaceutical amino acid business.
In 2016, Wens was the first agriculture and animal husbandry company whose net profit exceeded USD1.45 billion (RMB10 billion) in China, which was mainly because of its surging number of live pig for sale and the rising pork price. Currently, the company achieve success in its production mode ""company + farmers"", and it is expected that this mode will be extended in the domestic live pig farming.
China increased corn imports from the US, mainly because of low prices and Ukraines transferring its corn exports to other countries. So far, auctions of temporarily-stored corn have not yet started, and the sale of new corn is progressing slowly. These will be two factors affecting corn import volumes in the future.
Vietnam, the third largest MSG export market in China, decided to reduce import tariff of MSG, which is expected to increase Chinese MSG export and change its export pattern.
In March 2017, corn starch price continued falling YoY in China, but the product still maintain a high profit, thanks to the sliding corn price. In addition, strong domestic demand and export both benefit the corn starch industry. It is forecasted that although operating rate and profit may decline in the future, the product is still profitable.
Due to supply shortage and traders reluctance to sell corn, Chinas corn price started to rise since the end of Feb. 2017. CCM predicted that price rises wont last for long, and the future fluctuations depend on supply of surplus corn and the sale of inventory.
According to CCMs price monitoring, Chinas ex-works price of crystalline xylitol achieved a MoM increase in Feb. 2017, because the supply of raw materials were small and crystalline xylitol production was halted after rigorous environmental inspections. In the first half of 2017, an inadequate supply of raw materials and thorough inspections on xylitol enterprises pushed up xylitol price. However, in the second half of 2017, the prices of xylose and corn are expected to fall, and xylitol price will swing due to the continous environmental inspections.
TABLE OF CONTENTS
Headline
Editors Note
1 Governmental Direction
1.1 Chinas subsidies for live pig farming
1.2 China further perfects subsidy system for corn producers
2 Market Dynamics
2.1 China to cut corn stockpiles through multiple ways
3 Company Developments
3.1 Meihua Bio: slight drop in revenue while surge in net profit in 2016
3.2 Wens makes a hit in 2016
4 Import & Export Analysis
4.1 Chinese corn products Imp. & Exp., Jan. 2017
4.2 China increases imports of corn from US
4.3 Vietnams MSG import tariff reduction may change Chinese export pattern
5 Price Update
5.1 Price update of corn products, March 2017
5.2 Corn starch: low price but high profit
5.3 Corn price rises in China in early March 2017
5.4 Ex-works price of xylitol to continue rising in the first half of 2017
6 News in Brief
6.1 Xiwang Foodstuffs acquires 80% of Kerr
6.2 Chinas largest cattle and sheep farming base established in Inner Mongolia
6.3 China increases maximum of corn futures warehouse receipt
6.4 Report on Work of Government directs work of corn industry in 2017
6.5 Fujian Nanan awards live pig farms in non-forbidden areas
6.6 MOA keeps reducing corn inventory in 2017
6.7 Shenyang exports corn stalk-made furfural for first time
6.8 Auctions of corn reserves all fail in Sichuan and Hebei
6.9 Jilin: sales volume of corn surpasses 25 million tonnes in 2016/17
6.10 China to make rules on US feed factories
Editors Note
1 Governmental Direction
1.1 Chinas subsidies for live pig farming
1.2 China further perfects subsidy system for corn producers
2 Market Dynamics
2.1 China to cut corn stockpiles through multiple ways
3 Company Developments
3.1 Meihua Bio: slight drop in revenue while surge in net profit in 2016
3.2 Wens makes a hit in 2016
4 Import & Export Analysis
4.1 Chinese corn products Imp. & Exp., Jan. 2017
4.2 China increases imports of corn from US
4.3 Vietnams MSG import tariff reduction may change Chinese export pattern
5 Price Update
5.1 Price update of corn products, March 2017
5.2 Corn starch: low price but high profit
5.3 Corn price rises in China in early March 2017
5.4 Ex-works price of xylitol to continue rising in the first half of 2017
6 News in Brief
6.1 Xiwang Foodstuffs acquires 80% of Kerr
6.2 Chinas largest cattle and sheep farming base established in Inner Mongolia
6.3 China increases maximum of corn futures warehouse receipt
6.4 Report on Work of Government directs work of corn industry in 2017
6.5 Fujian Nanan awards live pig farms in non-forbidden areas
6.6 MOA keeps reducing corn inventory in 2017
6.7 Shenyang exports corn stalk-made furfural for first time
6.8 Auctions of corn reserves all fail in Sichuan and Hebei
6.9 Jilin: sales volume of corn surpasses 25 million tonnes in 2016/17
6.10 China to make rules on US feed factories
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