Ministry of Commerce mentions progress on agriculture, but not specific purchases The Ministry of Commerce held a press conference addressing questions related to the recent US-China meetings. They said that agricultural products can fill structural supply and demand gaps in the Chinese market, that the Chinese market provides a large opportunity to US farmers, and… Continue reading MOFCOM comments; protein prices; futures prices
Tag: premium
April data show large increases in mixed fertilizer and poultry exports
In China’s April export data, exports of most fertilizers were down sharply, except for ammonium sulphate and fertilizer mixtures not specified elsewhere in the HS codes. For nitrogen fertilizers, urea exports were 15k tons and ammonium sulphate exports were 1.79 million tons. In late April, Chinese Customs began increasing inspections of ammonium sulphate exports. In… Continue reading April data show large increases in mixed fertilizer and poultry exports
April imports tables by country
China reported DDGS imports of 129k tons from Brazil in April. This is the largest monthly imports of DDGS since at least 2017. Website dashboards are updated with the April data. China Import Data – https://sitoniaconsulting.com/data-import-data/import-data/ China Ag Export Dashboard – https://sitoniaconsulting.com/china-ag-export-dashboard/ China Ag Import Dashboard – https://sitoniaconsulting.com/china-ag-import-dashboard/… Subscriber content: Sitonia Consulting provides market… Continue reading April imports tables by country
Wheat farmers worried about a repeat of damaging 2023 rains
Rain has become a problem since the start of the wheat harvest in Hubei. In 2023, there was widespread rain in the wheat belt that led to sprouting and poor quality. Although this was very bad for the farmers, there was a strong market for this wheat to flow into feed channels. During the 2023… Continue reading Wheat farmers worried about a repeat of damaging 2023 rains
Soy shipments; rice auctions; futures recap
Brazil soy shipments to China tracking last year’s pace Brazilian soybean shipments to China increased last week to 2.9 million tons. Exports from Argentina have also increased, with 326k tons. US shipments were relatively small with no exports out of the US Gulf. Based on lineup data from Brazil, there have been 36.5 million tons… Continue reading Soy shipments; rice auctions; futures recap
How to get to $17 billion
Following the US-China meetings, the US said China agreed to buy $17 billion in US agriculture products each year, in addition to the previously agreed soybean purchases. For this analysis, I’ll be looking at US agriculture exports to China from 2012-2025 and excluding soybeans. Excluding soybeans, the highest value year for US agricultural exports to… Continue reading How to get to $17 billion
Rains push farmers to harvest wheat
Over the past 24 hours, there were heavy rains in southern and central China, and relatively heavy rains in the southern end of the wheat belt. Areas in Hubei received 152.9mm (6.02 inches) in just 24 hours. Hubei’s provincial Department of Transportation issued a Level 2 emergency response for disruptions in transportation. Wheat harvest in… Continue reading Rains push farmers to harvest wheat
Ag Ministry holds hog meeting following policy update
The Ministry of Agriculture held a meeting yesterday about the implementation of the new hog capacity policy that now targets the country’s breeding sow population at 37.5 million. The meeting included Zhang Zhili, the new Minister of Agriculture. The meeting said that all regions should ‘elevate their political awareness’, which means to get on the… Continue reading Ag Ministry holds hog meeting following policy update
China Hog Policy Comparisons
China Hog Capacity Policy ComparisonDownload… Subscriber content: Sitonia Consulting provides market intelligence on Chinese agricultural markets. For a free trial, please visit here or email info@sitoniaconsulting.com Please login to view this page.
Weak consumer spending; weather risks; futures recap
Consumer spending growth at multi-year low in April Consumer spending rose just 0.2% in April, the lowest growth since December 2022. December 2022 was when China lifted its zero-Covid policies, so this is the weakest growth post-Covid for Chinese consumer spending. This is below forecasts for growth of around 2.0% and is down from growth… Continue reading Weak consumer spending; weather risks; futures recap