Following are headline news of the latest issue of Corn Products China News:
In 2013, the domestic corn products industry has faced great challenges, and most corn deep-processing industries even suffered losses under the background of high raw material costs, lower prices of products from downstream industries at both home and abroad, as well as governmental supervision. However, some corn deep-processing products still have opportunities to develop.
The government of Guangxi further decreased the 2013/2014 minimum sugarcane purchase price in Guangxi. It is predicted that the decrease in the minimum sugarcane purchase prices in other sugarcane growing regions will be a foregone conclusion in 2013/2014.
With several years' development of functional oligosaccharide, its good properties have been gradually accepted. In this paper, the authors mainly analyse applications of the product in soybean products and collagen beverage.
Meihua Group's annual net profit to increase in 2013
Recently, Meihua Group has been committed to develop its products like organic fertilizer, MSG and xanthan gum as well as expanding new business fields.
According to data from CCM, the ex-works price of lysine in China underwent an overall downtrend during Jan.-Nov. 2013, mainly due to decreasing demand and increasing supply.
Changchun Dacheng cooperates with Itochu Corporation in feed business
Guangji Pharmaceutical's net profit to increase significantly in 2013
Price update of corn products, Dec. 2013
On Dec. 4, 2013, the AQSIQ reported that China has again returned 120,000 tonnes of corn to US exporters, as the domestic Entry-Exit Inspection & Quarantine Bureau found that the corn was unapproved GM corn containing the MIR162 ingredient.
On Dec. 3, 2013, North China Pharmaceutical announced that its subsidiary Welcome Pharmaceutical was ruled by a US district court to pay compensation of USD153 million in a VC antitrust lawsuit, and that Welcome Pharmaceutical has decided to appeal again.
EU launches anti-dumping sunset review investigation on China's MSG
According to data from CCM, the domestic ex-works price of citric acid underwent a downtrend during Sept.-Nov. 2013, due to weak demand and decreasing cost support.
According to data from China Customs, during Jan.-Oct. 2013, China's export value of inositol reached USD48.2 million, with a large year-on-year growth rate of 56.7%, while its export volume fell to 3,080 tonnes in this period, down 11.2% year on year.
Solid fructose-glucose is a new carbohydrate source and its main ingredients are glucose and fructose. Solid fructose-glucose is generated after vacuum drying and crushing of the raw material——high fructose corn syrup (HFCS). It has more advantages and can be more widely used than HFCS.
Northeast Pharmaceutical acquires the high-tech enterprise certificate
On Nov. 25, 2013, Sinograin, the designated enterprise, started the government corn purchase for temporary reserve. The other enterprises commissioned to purchase will also start the corn purchase once they obtain approval and get funds from the government. The deadline of this purchase of corn for temporary reserve is on April 30, 2014.
In Oct. 2013, the total import value of corn products in China witnessed a significant MoM increase of 251% while the total export value declined slightly by 6% MoM.
2th China's Corn Industry Executive Summit to held in Liaoning
As a leading market research consulting company in China with more than 10-year-experience, CCM offers Market Data, Analysis, Reports, Newsletters, Buyer-Trader Information, Import/Export Analysis all through its new proprietary product ValoTracer. For more information, please visit http://www.cnchemicals.com.