Corn Products China News 1208 (12 issues per year)
|Published: August, 2012
Price: US $3,564
Though drought was relieved in the US in early Aug. 2012, the third generation armyworm disaster broke out in North and Northeast China in Mid-Aug. 2012, striking an area of over 3.3 million ha. as of Aug. 14, 2012 according to Chinese Ministry of Agriculture. The armyworm disaster pushes up the market price of corn in Aug. 2012 and decreases the expected domestic output of corn in 2012.
China’s import volume of corn in H1 2012 was 2.40 million tonnes, up about 67 times year on year according to China Customs. But the increasing import price of corn generated from the US, where 98.3% of imported corn in China came from in H1 2012, makes imported corn lose price advantage, hence, China’s import volume of corn in Q3 2012 may see downtrend.
The increasing import price and domestic market price of corn bring increasing cost of corn products in China.
On Aug. 7, 2012, National Development and Reform Commission launched a new temporary purchase of frozen pork to stimulate domestic live pig market. Plus the increasing cost, corn products as feed or feed additives see uptrend in market price in Aug. 2012 such as distillers dried grains with solubles, corn gluten meal, lysine and threonine. These corn products may see better situation in Sept. 2012 because the National Day and Mid-Autumn Festival are coming.
Recently, the US announces that the case about Chinese VC producers’ monopoly over the US VC industry will be court on Nov. 5, 2012.
On July 24, 2012, Brazil government accepts the price commitment of citric acid and citrate that six Chinese exporters offer, which protects the interest of those six Chinese exporters.
In June 2012, China’s import value of corn products soars by 295% while their export value decreases by 8% compared with those in May 2012.
Domestic market price of corn oil keeps stable in Aug. 2012 owing to the terminated increase of the market price of corn embryo.
China’s market prices of four key amino acids increase or keep stable in Aug. 2012 mainly because of the not decreasing market price of live pigs.
The net profit of Baolingbao witnesses a 18.6% growth, showing good performance in H1 2012.
On July 13, 2012, Meihua Group announces that it plans to set up two new subsidiary companies, Emin Amino Acids and Langfang Biotechnology, which will make Meihua Group more competitive in China.
Shengquan Group puts its 20,000t/a cellulose ethanol production line into production in Mid-August, 2012.
Domestic corn starch suffers high cost and weak demand, performing poorly in H1 2012.
On July 9, 2012, MIIT announces that enterprises with inferior capacity and high pollution & energy consumption in citric acid, MSG and alcohol industries are to be eliminated by late 2012.
China’s import volume of corn in H1 2012 surges by about 67 times compared with that in H1 2011.
Domestic market price of DDGS maintains a little uptrend due to its increasing cost and strong demand from feed industry.
Domestic VC suffers from anti-monopoly sue from the US
Brazil reaches price commitment with Chinese citric acid and citrate exporters
Chinese corn products Imp. & Exp. analysis in June 2012
Domestic market price of corn oil keeps stable in Aug. 2012
China’s market prices of four key amino acids increase or keep stable in Aug. 2012
Baolingbao enjoys uptrend in its performance in H1 2012
Two new subsidiary companies to make Meihua Group more competitive
Shengquan Group launches 20,000t/a cellulose ethanol production line in Mid-August
Domestic corn starch sees depressed presentation in H1 2012
Inferior capacity of citric acid, MSG and alcohol to be eliminated by late 2012
China’s import volume of corn surges by about 67 times in H1 2012
Domestic market price of DDGS sees uptrend in Aug. 2012
North China Pharmaceutical Group Co., Ltd.
COFCO Bio-chemical (Anhui) Co., Ltd.
COFCO Bio-chemical (Anhui) Co., Ltd.
Meihua Holdings Group Co., Ltd.
Jinan Shengquan Group Co., Ltd.