China shuts Dongxing port that borders Vietnam as covid cases rise, edible oil price in China edges higher…
Tag: premium
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
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
Key facts behind China’s pork tariff hike
China has decided to raise its pork import tariff for next year as…
China soybean cargo purchase slumps as margins drop
Chinese crushers’ weekly cargo-buying volume of soybeans fell sharply this week as softer crush margins in China and sufficient coverage of December shipment dampened demand of the feedstock material. The number of soybean cargoes from US and Brazil booked by Chinese crushers and trading houses tanked to 6-7 cargoes last week, more than halved compared… Continue reading China soybean cargo purchase slumps as margins drop