Oil content of China's rape variety YN171 breaks world record again

A new rape variety named YN171, bred by Wang Hanzhong, researcher of Oilcrops Research Institute, Chinese Academy of Agricultural Sciences, as well as chief scientist of the National Rape Industrial Technology System, has broken the world record of oil content again from the   previous record of 54.74% which was also created by Professor Wang. It is reported that the oil content of YN171 has hit a high record of 64.8%, which will provide valuable parent resources for China's rape breeding and research on gene regulation on high oil content. Meanwhile, it indicates that the oil content of China's rape has a huge room for improvement. In addition, Professor Wang and his team also bred a high-yield rape variety named 11-zy293 with oil content of 49.57%, which gained an oil output of 1,434 kilograms per hectare in 2011-2012 regional test, 193 kilograms per hectare higher than that of common rape variety. Besides, 11-zy293 in the regional test also showed good performances like lodging resistance, disease resistance, etc. which is suitable for mechanical sowing and harvesting.

The Ministry of Agriculture (MOA) suggests to increase the lowest purchasing price of rice drastically in 2013, in consideration of the increasing planting cost of rice in China. For example, in 2012, the planting cost of rice in Jiangxi Province grew by more than 20% over the previous year. Besides, due to continuous rain in harvesting period, the labor cost of rice harvesting in Heilongjiang Province increased by USD238/ha.-USD476/ha. in 2012. In order to stabilize farmers' enthusiasm for planting, the lowest purchasing price of rice is expected to increase largely in 2013. Actually, it is reported that the lowest purchasing prices of per kilogram of early rice, late indica rice and japonica rice in 2012 have been raised by 17.7%, 16.8% and 9.4% respectively over the previous year. Besides rice, the planting costs of other grain crops like wheat have also increased. According to investigation from the National Development and Reform Commission (NDRC), the net profit of wheat planting has been decreasing for three years and is expected to continue to drop this year owning to planting cost rise.

AgriChina Investor is a monthly publication released by CCM’s. It is covering sections of investment environment, investment dynamics, market watch, industry discovery, expert view and market review etc.AgriChina Investor will focus on the economic situation, governmental policy, financial capital flow, key players' dynamics, big events and hot issues etc. in agriculture industry. Providing the most comprehensive information about the capital investment dynamics and market dynamics, this newsletter can make you clear about the investment environments in China's agriculture industry.

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China's oil refinery output to increase in December 2012

The 2nd IEOE China (Beijing) International Edible Oil Industry Expo (the Expo) was guided by Oils and Fats Sub-asso, Chinese Cereals and Oils Association etc. in Beijing during Oct. 23-25, 2012, attended by 181 enterprises. Since corn oil has been developing fast in recent years, some corn oil producers such as Changshouhua Food Company Limited and Shandong Xiwang Food Co., Ltd. participated the Expo as well. In the Expo, corn oil producers introduced their products to other participants, promoting and raising the reputation of corn oil.

China's oil refinery output will increase to about 42 million metric tons in December, up 7.3 percent year-on-year, indicating that the country's economy is gradually warming up at the end of the year, said Shanghai-based industrial information provider ICIS C1 Energy. 

Sinopec Group and PetroChina Co -- the two biggest oil and gas companies in the country -- will process 32.51 million tons of crude oil in total this month, up 1.27percent compared with last month, C1 Energy said.

C1 Energy's estimates are based on data from 35 refiners owned by Sinopec and 31 refiners owned by PetroChina. Their total refining capacities take up about 67 percent of the country's total capacity.

Production and Market of Polyacrylamide in China will keep you informed with the latest intelligence of PAM key producers. As of March 2012, there are more than 100 producers of PAM in China, but the production scale of them is usually small. The top 13 producers take up around 80% share by capacity in March 2012. Different producers have different core products of PAM. And parts of them are going to expand their production lines of PAM.

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High Reliance on Imported Soybean Affects China's Edible Oil Security

According to statistics from China Customs, in the first half of 2012, China imported 29.05 million tonnes of soybean, up 29.05% over H1 2011. Since the planting area of soybean in China has decreased this year, it's estimated that China's import of soybean will set a new record in 2012, and the high growth of import volume in H1 2012 is a signal, according to CCM’s July issue of AgriChina Investor.

Soybean is a major source of edible oil in China. With the increasing demand for edible oil from urban residents and the declining planting area of soybean, China's import of soybean has been increasing year by year over the past decade.

 

Since 2003, China has surpassed the European Union and become the largest soybean importer in the world. In 2010, China's soybean import volume hit a historic high of 54.80 million tonnes. In 2011, it decreased slightly by 3.9% to 52.64 million tonnes. The import volume of soybean in China climbed by 90% from 2004 to 2010.

 

According to the data from China's National Grain and Oils Information Center, the annual consumption volume of edible oil in China reached 20.5kg per person in 2011. 

 

China mainly imports soybean from the U.S., Brazil and Argentina, where the GMO soybeans are planted the most extensively. The U.S., a country with the largest planting areas of soybean in the world, has supplied about a quarter of its soybean output to China.

 

Imported soybean now accounts for about 80% of China's total soybean consumption. Compared with more than 50 million tonnes of imported soybean every year, China's domestic output of soybean has been about 12 million tonnes per year in recent years.

 

Driven by the increasing urbanization rate and hence the increasing demand from urban residents in China, China's soybean import volume is expected to maintain an uptrend in the next 10 to 15 years. According to a forecast from the U.S. Department of Agriculture, China's import volume of soybean is expected to go up by 62% to 90 million tonnes per year over the next 10 years. 

 

China's soybean growing industry has been greatly affected by the increasing import volume of soybean. As imported soybean has advantages in cost (because of high farming efficiency in major soybean planting countries) and high oil yield (because of the adoption of GMO seed; but GMO soybean is prohibited to be planted in China), domestic soybean growing industry is beaten by imported product, and many Chinese farmers are unwilling to grow soybean.

 

The decreasing output of domestic soybean and the increasing soybean import also impact China's oil crushing industry. It was reported that more than 80% of the soybean oil crushers in Heilongjiang Province, China's largest soybean production base, have closed down due to the decline in both planting area and output of soybean in the region in 2011, and many of the soybean oil producers have been relocated to coastal areas and begun to use imported soybean as their raw materials. 

 

The heavy reliance on imported soybean brings great risks to the food security of China and the price stability of edible oil. Now many foreign companies have extended and integrated the industrial chain of soybean in China, thus dominating the pricing rights of China's edible oil market; more than 75% market share of soybean oil market in China is controlled by overseas brands. Most price rise of edible oil in the end market in recent years are initiated by overseas companies. Edible oil's price, which is included in China's CPI contributing factor, is highly related to society sustainability.

 

As soybean is not included in grain in Chinese government's statistical system, the high reliance on soybean import may be ignored if focus is only put on China's grain sufficiency rate. Many experts suggest that grain security-related governmental departments in China should concern more about the soybean import.

Source: AgriChina Investor 1207

http://www.cnchemicals.com/Newsletter/NewsletterDetail_192.html

Content of AgriChina Investor 1207:

Chuying Agro-Pastoral's rapid expansion faces challenges

Shenzhen Jinxinnong invests in capital preservation financing product

Arla Foods strengthens its presence in China

Muyuan Foodstuff's IPO approved

Big buyers increase in domestic crop protection market

U.S. drought not to push up China's grain price

China's cotton import volume up 130.2% in H1 2012

Brief introduction to China's direct subsidies for farmers

High reliance on imported soybean affects China's edible oil security

Investment in leisure agriculture to become hot in China

Why companies in other industries set foot in agricultural business?

Chinese farmers often experience poor sales of agricultural produces

Guangdong Dahuanong to accelerate aquaculture vaccine commercialization

Minsheng Banking opens financial centers for tea and fishery

Imp.&exp. value of China's agricultural produces up 18.4% in Jan.-May 2012

Flood may drag down China's autumn grain yield

……

AgriChina Investor, periodically published on 25^th every month, offers timely update and close follow up of agriculture investment in China, analyzing market data and trends, as well as related policies. Major columns include investment environment, investment dynamics, market watcher, market review etc.

If you are interested in AgriChina Investor, please do not hesitate to contact us by +86-20-37616606, or email us at econtact@cnchemicals.com.

About CCM

CCM is dedicated to market research in China, Asia-Pacific Rim and global market. With a staff of more than 150 dedicated highly-educated professionals. 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.

CCM International Ltd.
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Source: http://www.cnchemicals.com/PressRoom/PressRoomDetail_w_1156.html