Seed China News 1204 (12 issues per year)

Published: April, 2012
Price: US $3,564
Pages: 16
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Editor Notes

With the growing demand for food at home, China further expanded the grain import in 2011, following the sharp increase of grain import in 2010. According to the official statistics, China has imported 1.75 million tonnes of corn, 1.26 million tonnes of wheat and nearly 0.60 million tonne of rice in 2011, respectively up 11.5%, 2.2% and 54.0% over that in 2010. Revealed by the Ministry of Agriculture, China’s agricultural trade deficit was further expanded in 2011, amounting to USD34.12 billion, up 47.4% over the previous year.

China has become more dependent on import to meet domestic food consumption, in view of the expanding grain import in 2011. According to Chen Xiwen, Deputy Head of the Central Rural Work Leading Group, China’s food self-sufficiency rate is actually lower than 90% in 2011 and the food security in China is not optimistic. Mr. Chen also revealed that owing to the increasing dependency on imported food, domestic food price has fluctuated more frequently, and it becomes more and more difficult for the government to regulate the food price.

Headline

Winall Hi-tech rapidly expands wheat seed and corn seed businesses in 2011, with significant increase in revenue but substantial decline in net profit.

By strengthened corn seed producing and marketing, Shandong Denghai presents an increase in both revenue and net profit in 2011.

Hefei Fengle presents a sharp decrease in net profit in 2011, mainly due to the company’s total withdrawing from real estate business.

In 2011, Wanxiang Doneed witnessed a sharp increase in net profit, thanks to the excellent performance of its subsidiary Beijing Doneed in corn seed business.

Domestic tomato processing industry sees continuous gloom mainly owing to overcapacity and slack sales in overseas market.

Mechanized corn single-grain sowing technology has been widely promoted in Huang-Huai-Hai Plain, the major summer corn planting area at home.

Longping High-tech suspends listing for issuing non-public shares and making equity replacement with minority shareholders of some subsidiaries.

Grand Agriseeds is to control a prominent rice seed company in Chongqing City to further expand rice seed business.

A vegetable seed technological innovation incubator was officially unveiled in Shouguang, China’s Home of Vegetables.

Domestic scientists achieve breakthrough in tissue culture of oil palm, which is expected to promote the development of oil palm industry.

Winall Hi-tech vigorously expands business 2011
Shandong Denghai: both revenue and net profit increase in 2011
Hefei Fengle’s net profit down 39.21% in 2011
WanXiang Doneed: sharp growth in net profit 2011
Domestic tomato processing industry sees overcapacity
Corn single-grain sowing technology promoted rapidly in Huang-Huai-Hai Plain
Longping High-tech suspends listing for asset restructuring
Grand Agriseeds to control a large rice seed company
Vegetable seed technological innovation incubator opened in Shouguang, Shandong
Domestic scientists successfully transplant oil palm plantlet

COMPANIES MENTIONED

Winall Hi-tech, Shandong Denghai, Hefei Fengle, Wanxiang Doneed, Longping High-tech, Grand Agriseeds

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