Category: Analysis

Retails sales data for March showed a decline of 3.5% year on year. Food spending data confirms the trend of consumers in China switching their food consumption away from restaurants and to their homes, either by choice or due to lockdowns. Catering and restaurant spending fell sharply, down 16.4% on the year. This is the… Continue reading China retail sales slide as Covid measures dent demand

Xinwang Foodstuffs, a maker of cooking oil, saw its stock down 3.4% today after the company released their 2021 financial information showing revenue was up by 10% but net profits dropped by 39%. The company noted that rising prices of raw materials continue to squeeze their margins and the prices of their products have not… Continue reading Cooking oil company stocks drop amid cost pressure

Auctions of state wheat reserves in China are rumored to suspend temporarily starting next week as logistical disruptions caused by ongoing Covid outbreaks across the country have led to a large backlog of deliveries, according to several people. Auctions of state reserves for domestic buyers are normally announced a week in advance, however there has… Continue reading China halts wheat auctions on Covid-triggered logistical bottleneck

A new pet food safety scandal is going viral in China after nearly 100 cats have died after eating food produced by local brand Singen. Pet food is a rapidly growing market in China as young consumers are typically waiting later in life to have children and are instead getting pets. These younger consumers often… Continue reading Pet food imports could rise after most recent scandal

An association for the animal feed industry in China is seeking plans from companies and academia to develop a formula for lower soymeal adoption. A survey has been sent to animal feed producers, livestock farming companies and research institutions this week to poll ideas for a method that could effectively cut or substitute soymeal usage… Continue reading Feed companies discuss industry-wide soymeal reduction plans

Several animal feed makers in Shanxi province in northern China have reportedly shut operations as a shortage of soymeal hit their supply chains, according to market sources who spoke with Sitonia Consulting team. Animal feed making facilities in Shanxi province that is adjacent to Shandong and Hebei provinces on China’s east coast have been forced… Continue reading Feed companies in Shanxi shut amid soymeal shortage

Large-size hog producers in China are said to be betting on a price-rebound next year by increasing their sow herd in a move to cement their market shares. Major players in the world’s largest pork producing country are once again building up their herds despite weak margins and low prices that have dictated the market… Continue reading China hog companies bet on 2023 with expanding sow herd capacity

Key takeaways for China from April Wasde China soybean import forecast down on poorer domestic crush Forecast of soybean imports by the world’s largest buyer has been further dropped due to lower domestic crush demand expectations, according to the USDA. China’s 2021/22 soybean import estimate was lowered by 3 million tons to 91 million tons,… Continue reading China soybean, corn imports outlook weakens: USDA

Shanghai’s Covid lockdowns continue at the start of this week as the city recorded a new daily record of 26,087 cases last Sunday. The growth of daily cases has slowed in recent days as residents stay inside, mass testing continues, and positive cases are sent to quarantine facilities. The food supply situation in the city… Continue reading Covid lockdowns in southern China hint further logistics disruptions