Published on the
20th every month, Corn
Products China News is a monthly publication released by CCM.
It offers
timely update and close follow up of China’s various kind of corn market dynamics, analyze
the market data and trends.
Major columns include the latest information on new price fluctuation, new
market trends and intelligence, new legislations and policies, new
technologies, new area dynamics and new corn supply that are shaping the
market.
Following are headline news of the latest issue of Corn Products China News:
Price update of
corn products in Sept. 2013
Price update of
corn products in Sept. 2013
Longlive Bio-technology performs in expectation in
H1 2013
In H1 2013,
Longlive Bio-technology saw a poor performance except for the functional sugar
performance, mainly because the company has narrowed its business scope,
according to its 2013 semi-annual report released on 26 Aug., 2013.
Feed industry undergoes a downtrend in H1 2013
The whole feed
industry saw a downtrend in H1 2013, due to the weak demand and the increasing
cost from raw materials.
China's citric acid export volume up but value
down, Jan.-July 2013
China's export
volume of citric acid increased to 451,887 tonnes in the first seven months of
2013, with a year-on-year growth of 4.24%, but the export value in this period
declined by 7.66% year on year due to the relatively low export price this
year.
China's corn import may incease to 20-30 million
tonnes
A senior official
recently said that China's corn imports may increase to 20–30 million tonnes,
much higher than the present corn import quota, which is 7.2 million tonnes.
Domestic feed capacity to expand
Domestic feed
capacity to expand
COFCO Corporation to develop polylactic acid market
COFCO Corporation
to develop polylactic acid market
Xiwang Sugar to be renamed as Xiwang Property
Xiwang Sugar to be
renamed as Xiwang Property
Chinese corn products Imp. & Exp. in July 2013
In July 2013, the
total import value of corn products in China witnessed a month-on-month
increase of 308% while the export value increased by 6%.
HFCS and corn starch expected to get listed as
futures in China
SDIC CGOG Futures
Co., Ltd. became a member of CSIA in July 2013, in order to assist DCE to
promote the listing of HFCS and corn starch as futures.
Ex-works price of DDGS surges in Aug. 2013
The ex-works price
of DDGS has been rising since May 2013, and soared in August due to increasing
demand and tight supply.
North China Pharmaceutical's revenue reaches
USD1.06 billion in H1 2013
North China
Pharmaceutical's revenue reaches USD1.06 billion in H1 2013
Henan Lotus loses USD16.45 million in H1 2013
Henan Lotus loses
USD16.45 million in H1 2013
Northeast Pharmaceutical's loss reduced to USD5
million in H1 2013
Northeast
Pharmaceutical's loss reduced to USD5 million in H1 2013
COFCO Biochemical's net profit decreases by 48.27%
in H1 2013
COFCO Biochemical
performed poorly in H1 2013, mainly owing to the low prices of citric acid and
amino acids, according to its 2013 semi-annual report revealed on 16 Aug.,
2013. However, the company has carried out strategies to expand its market
share in H2 2013.
Sales revenue of Baolingbao declines by 20.88% in
H1 2013
Baolingbao's
businesses underperformed in H1 2013, mainly due to the decreasing demand from
downstream industries, the impact from the H7N9 avian influenza and the RMB
appreciation, according to its 2013 semi-annual report released on 16 Aug.,
2013.
Meihua Group's net profit down 22% YoY in H1 2013
Meihua Group's
performance was below the expectation, mainly owing to the falling prices of
the products and the impact from the H7N9 avian influenza, according to its
2013 semi-annual report revealed on 22 Aug., 2013. But Meihua Group still has
its own competitive advantages.
Fufeng Group performs well in H1 2013
Fufeng Group
realized a good performance in H1 2013, mainly owing to the increase in the
sales volumes of MSG and xanthan gum, according to its 2013 semi-annual report
released on 13 Aug., 2013. Fufeng Group is also optimistic about its
performance in H2 2013.
Henan Julong's
threonine capacity to reach 75,000t/a in 2014
Henan Julong's threonine capacity to reach
75,000t/a in 2014
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