Feed prices in China continued to strengthen as companies hiked prices following higher raw material costs. Major animal feed producers including Chai Tai, Haid Group, and New Hope have all announced price increases. Raw material products have risen sharply in the past month, with May Dalian soybean meal futures rising over 17%. Aquaculture feed prices… Continue reading Rising feed costs squeeze livestock farmers amid low hog, egg prices
Category: Analysis
Edible oil futures in China firm as crude oil jumps on Ukraine-Russia tension
Futures for palm oil, soybean oil and rapeseed oil in China jumped on Tuesday following a stronger international crude oil price that rallied due to the uncertainty surrounding the ongoing Ukraine-Russia conflict. The palm oil futures contract for May 2022 delivery on Dalian Commodity Exchange gained 3% on Tuesday to a new record high of… Continue reading Edible oil futures in China firm as crude oil jumps on Ukraine-Russia tension
Pork demand tanks after holiday, hog breeders to cut costs
Live hog prices were generally stable over the past weekend, with national average hog prices at 12.73 yuan/kg and a hog-to-corn price ratio still very lower at 4.61. Cash prices in the soybean meal market also continue to rise, with crushers raising their prices from between 80-120 yuan/kg. Demand has been weak after the Chinese… Continue reading Pork demand tanks after holiday, hog breeders to cut costs
China wheat crop loss threat draws official warnings
Autumn floods and abnormal seedlings could become a major threat to China’s winter wheat crop this year as top state official warned over the past weekend. During a trip examining water conservation and field management in wheat fields in Henan, Anhui and Jiangsu provinces, China’s Vice Premier Hu Chunhua said the winter wheat crop faces… Continue reading China wheat crop loss threat draws official warnings
Henan gov subsidizes farmers for fertilizer to combat wheat disease
Henan province, China’s leading wheat producer, announced this week that it will be allocating 100m yuan ($16 million USD) to help control wheat scab and stripe rust diseases. Wheat prices in China have been firm recently. In Zhengzhou, the capital of Henan, prices have risen by 7.9% in the past three months to 2,860 yuan/ton… Continue reading Henan gov subsidizes farmers for fertilizer to combat wheat disease
Crushers in China to shut as supply shortage looms large
Soybean crushers in parts of northern and eastern China are preparing for one-month long suspension of crushing activities as the industry grapples with supply shortage amid poor crush margins. Several crushing facilities in Shandong province and Tianjin city in northern China are due to shut their operations for one month between mid-February and late March… Continue reading Crushers in China to shut as supply shortage looms large
Is China likely to cut soybean demand by 30m tons?
As global soybean prices spiked at the beginning of 2022 and crush margins in China remained loss-making for importers, the scenario of China cutting its soybean demand is once again on the table for discussion. The world’s largest soybean importer could slash its soybean demand by 30 million tons if it cuts soymeal usage in… Continue reading Is China likely to cut soybean demand by 30m tons?
China rumors to destock more soybean, soyoil reserves
As the market digests the previous round of rumors of Chinese soybean destocking, a fresh rumor of state stockpiler to release 4-5 million tons of national soybean reserves began to circulate. Several trade sources said that the government could start selling up to 5 million tons of its soybean reserves between April and May this… Continue reading China rumors to destock more soybean, soyoil reserves
China Jan. CPI climbs despite slumping pork price
Price inflation in China rose slightly in January this year even though the country’s most consumed meat price continued to slump during the same month, according to latest government data. The Consumer Price Index (CPI) last month ticked 0.3% higher from the previous month and was nearly 1% higher year on year due to firmer… Continue reading China Jan. CPI climbs despite slumping pork price
Mixed weather, winter wheat condition worsens in key region
Temperatures in China were very mixed in the past week, with northern and northeastern China above average, while most of the central and southern regions below average. Some regions in northern China got more snow, which is helpful for soil moisture conditions. However, some areas further south reported too much moisture with low-lying farmland suffering… Continue reading Mixed weather, winter wheat condition worsens in key region