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
Author: Darin Friedrichs
Muyuan downgrade; Dining behavior shift; Electricity demand
Credit rating of hog producing major Muyuan was downgraded…
High mold levels in new crop corn could drive strong wheat imports in coming year
Corn quality continues to be a major concern in China and this is causing wheat prices to rise as feed mills need to blend grains together to get toxin levels low enough for animal feeding. Recent industry surveys are showing high percentages of corn tested positive for vomitoxins and mycotoxins in Shanxi, Jilin, and Liaoning.… Continue reading High mold levels in new crop corn could drive strong wheat imports in coming year
Key facts behind China’s pork tariff hike
China has decided to raise its pork import tariff for next year as…
Starbucks clampdown; Rising herbicide price; Covid case upticks
Starbucks’ food safety issue triggered a wider clampdown in China…
Quick Insight: Low soymeal stocks in China could further upset hog price
Commercial soybean meal stocks in China continued to hover near the lowest level in 11 months as strong feed demand from the hog industry outpaces soybean imports. Based on Sitonia Consulting survey of major crushers and traders, the average of commercial soymeal stocks estimate in China currently comes in at around 550,000 tons, the lowest… Continue reading Quick Insight: Low soymeal stocks in China could further upset hog price
Bullish beef import outlook; More imported Omicron case
China’s beef import is expected to further grow as domestic supply lags…
China piglet prices plunge amid slowing industry expansion
As hog prices in China have fallen, so have piglet prices. Firms are looking for ways to cut costs, improve the efficiency of their operations, and improve their margins. This has led to many companies reducing their purchases of piglets from third-party operations and has led to a steep decline in piglet prices. Piglet prices… Continue reading China piglet prices plunge amid slowing industry expansion
China’s early finish of January soybean purchases could alter US export figure
China has almost finished its buying of January 2022 shipments of soybeans as of this week. Many large crushers have already started contracting 2021/2022 Brazilian new crop soybeans for shipments in the first and second quarter of next year. This was faster than many had expected in the market. Estimates for China’s total soybean demand… Continue reading China’s early finish of January soybean purchases could alter US export figure
Cold-chain in focus; high fertilizer price; cold snaps
Cold-chain company stocks surged as the industry gains increasing attention from the government…