Corn Products China News 1305 (12 issues per year)
|Published: May, 2013
Price: US $3,564
Entering into May 2013, as the H7N9 bird flu and the earthquake in Sichuan Province fade away, the consumption of corn in China recovered a little. Under the gloomy market of corn, the Chinese government took some timely measures to stimulate the domestic corn market including extending the deadline of the national purchase of corn in 2012 by a whole month to the end of May, raising the minimum purchase price of corn in 2013 and issuing about USD98 million to support the development of the poultry industry in China. Thanks to these favorable factors, the domestic market price of corn has risen a little in May.
In addition, the downstream demand for other corn products also was also gloomy in May. For example, the weak demand for furfural led to its declining price in the first five months of 2013. The market price of crystalline glucose almost reached the lowest point in April 2013. But as the negative effect of the bird flu incident abates as well as the weather gets warmer in June, it’s believed that the demand for corn and corn products will increase.
The development pace of starch sugar in China may slow down in 2013 after a fast growth in the past few years due to some unfavorable factors.
The depressed market condition of furfural in China suppresses its price in the first five months of 2013.
In March 2013, the total import value of corn products in China witnessed a 37% month-on-month decline while the export value of them increased by 55%.
In Q1 2013, China’s import and export volume of VC saw growth, while the import and export value of the product continued their downtrend in the meantime.
Domestic market price of corn oil drops sharply in early 2013 owing to the decrease in both the price of corn embryo and the demand for the product.
The second fermentation plant of Lotus Flower Gourmet Powder has been temporarily shut down since early April 2013, which may affect the total output of the company’s MSG this year.
North China Pharmaceutical saw a sharp decrease in net profit in 2012, according to its 2012 annual report.
Meihua Group achieved an 8.79% YoY growth in revenue and a 15.52% YoY decline in net profit in 2012.
Baolingbao’s net profit rose by 20.83% year on year in 2012, thanks to the sales revenue increase in high value-added products.
The State Council of China clearly indicated that China will raise the purchase price of corn in 2013.
The MOF issued about USD98 million to support the development of the poultry industry in China.
Brazil seeks to reach an agreement on exporting corn to China through the Brazilian Agriculture Minister’s trip to Asian countries in May 2013.
Development pace of starch sugar may slow down in 2013
Furfural market downturn in the first five months of 2013
Chinese corn products Imp. & Exp. analysis in March 2013
Chinese VC Imp. & Exp. up in volume but down in value in Q1 2013
Price update of corn products in China, May 2013
Domestic market price of corn oil drops in early 2013
Second fermentation plant of Lotus Flower Gourmet Powder shut down temporarily
North China Pharmaceutical sees sharp decrease in net profit in 2012
Meihua Group ups in revenue but downs in net profit in 2012
Baolingbao’s 2012 net profit grows by 20.83% YoY 23
China to raise minimum purchase price of corn in 2013
MOF issues new subsidy policy for poultry industry
Brazil seeks to export corn to China
North China Pharmaceutical Co., Ltd., Meihua Holdings Group Co., Ltd., Baolingbao Biology Co., Ltd.