Shares of Chinese companies in the agriculture sector traded sharply higher on Monday with several stocks hitting a limit-up as China sets a new agenda for the sector in a critical meeting over the past weekend. The Chinese government called for “stable production and supply” and “stable agriculture and rural development” in the Central Rural… Continue reading China agriculture equities surge as government urges higher soybean output in 2022
Author: Darin Friedrichs
China feed grain imports to stay strong despite self-sufficiency push
China’s Ministry of Agriculture and Rural Affairs (MARA) laid out their goals for the 14th five-year plan on Friday, proposing that the self-sufficiency rates should be 95% for pork, 85% for beef and mutton, 70% for milk and 100% for poultry and eggs by 2025. However, feed grain imports likely to remain strong given China’s… Continue reading China feed grain imports to stay strong despite self-sufficiency push
Hog price falls; Soyoil stocks also down; Covid restrictions tightened
Hog prices in China continued to fall amid herd dumping…
Port closure; Higher edible oil prices; Weak air traffic
China shuts Dongxing port that borders Vietnam as covid cases rise, edible oil price in China edges higher…
China’s 21/22 Brazilian new crop soybean purchases spike on state-backed interest, US buying slumps
Chinese purchases of 2021/22 Brazilian new crop soybeans jumped last week as buying interest from state-owned companies strengthened, according to several market sources. Out of 17 cargoes traded last week, eight were contracted for March 2022 shipment from Brazil for new crops that are yet to be harvested, three traders informed Sitonia Consulting. Seven more… Continue reading China’s 21/22 Brazilian new crop soybean purchases spike on state-backed interest, US buying slumps
Imports of corn and alternatives likely to remain high: government researcher
Xi Yinsheng, director of the Macroeconomic Research Office of the Rural Economic Research Center of the Ministry of Agriculture, recently gave a media interview where he estimated that corn imports in 2021 may reached 29 million tons, and imports of alternatives such as sorghum, barley, and DDGS may reach 25 million tons. During the interview… Continue reading Imports of corn and alternatives likely to remain high: government researcher
China monthly barley imports hit new record on falling corn imports
China imported a new record amount of barley in November this year as feed makers sought cheaper alternatives amid slumping corn imports. Barley imports into China topped 1.53 million tons last month, surpassing the previous record of 1.51 million tons in September 2021, according to data from China Customs. China’s November barley imports was up… Continue reading China monthly barley imports hit new record on falling corn imports
New ASF cases; Corn farmer sales jump; More fines on restaurants
China reported new African swine fever cases in Hebei province over the past weekend…
Packaged food company IPO; China buys more soybean, wheat cargoes
Packaged food company Xianmeilai is loooking to an IPO as demand for frozen food…
Falling vegoil price in China struggles to combat retail price inflation
Cash and futures prices for soybean oil and rapeseed oil in China have been edging lower in recent weeks but retail prices for vegetable oils continue to strengthen. The most liquid soybean oil futures contract on Dalian Commodity Exchange closed at 8,410 yuan/ton (US$1,322 per ton) on Friday, down more than 13% from the previous… Continue reading Falling vegoil price in China struggles to combat retail price inflation