HFCS and corn starch expected to get listed as futures in China

State Development & Investment Corporation (SDIC), a state-owned investment holding company directly under the central government, announced on its official website that its holding company named SDIC CGOG Futures Co., Ltd, became a member of China Starch Industry Association (CSIA) in July 2013, in order to assist Dalian Commodity Exchange (DCE), one of the four futures exchanges in China, to promote the listing of high fructose corn syrup (HFCS) and corn starch as futures. SDIC expressed that HFCS and corn starch were the two key varieties under DCE's current research to become futures. If HFCS and corn starch can become futures, it will bring more opportunities than challenges to domestic producers of these two commodities.

HFCS and corn starch becoming futures will have a positive effect on setting the benchmark prices of these two products in China. At present, China has no authoritative benchmark prices of HFCS and corn starch, which means that prices of these two products vary with producers. Because of the intense competition in these two industries, most domestic HFCS and corn starch producers always apply the "low-price strategy", even some producers continuously decline their products' prices, weakening the bargaining power of domestic HFCS and corn starch producers. Under this situation, the market price of HFCS and corn starch in China are irregular at present. The futures price of HFCS and corn starch can be used as their authoritative benchmark prices, which is believed to strengthen the bargaining power of domestic HFCS and corn starch producers.

Besides, according to Zhou Bo, a member of DCE, HFCS and corn starch becoming futures will be beneficial to domestic HFCS and corn starch producers and domestic downstream enterprises. The hedging function of futures can ensure both HFCS and corn starch producers and domestic downstream companies lower risks and more profits. Domestic producers can adjust their production plans and sales strategies according to the futures prices, and downstream companies can adjust their purchase volumes at the same time.

For domestic HFCS and corn starch producers, if they want to take part in futures exchange, they need to acquire relevant qualification after the listing of HFCS and corn starch are approved. It is worth mentioning that the raw material supply and quality assurance period jointly determine that the range of production and sales is not large. In addition, most HFCS producers in China follow the "factory direct sales" method. As a result, to acquire the futures checking and acceptance qualification will be a priority for domestic HFCS producers to participate in futures trading.

Moreover, the companies which want to take part in the futures trading of HFCS and corn starch in the future will need relevant futures researcher. An excellent futures researcher will be helpful to improve their anti-risk capability.

If HFCS and corn starch can become futures, it is believed that these two industries will further develop. For one thing, to be futures, more relevant research organizations will bring more information about not only the domestic market but also overseas market, which may affect the futures prices. At present the channel through which producers gather the information mentioned above are confined to a few organizations only, but the situation will be changed after the futures are approved. Also becoming futures will improve the concentration ration of the industries. It is obvious that large producers will more easily acquire relevant qualifications to enter the futures market than the smaller ones, thus, the smaller ones will face more risks than the larger ones. Finally, more small producers will withdraw from the market or be acquired by large ones, and the concentration ration of the industries will increase.

Source: Corn Products China News issued by CCM in September

Table of Contents of Corn Products China News 1309:

China's corn import may incease to 20-30 million tonnes

Chinese corn products Imp. & Exp. in July 2013

China's citric acid export volume up but value down, Jan.-July 2013

Price update of corn products in Sept. 2013

Ex-works price of DDGS surges in Aug. 2013

Fufeng Group performs well in H1 2013

Meihua Group's net profit down 22% YoY in H1 2013

Sales revenue of Baolingbao declines by 20.88% in H1 2013

COFCO Biochemical's net profit decreases by 48.27% in H1 2013

Longlive Bio-technology performs in expectation in H1 2013

HFCS and corn starch expected to get listed as futures in China

Feed industry undergoes a downtrend in H1 2013

Corn Products China News, a monthly publication issued by CCM on 20^th, features “Supply and Demand”, “Import and Export Analysis”, “Price Update”, “Market & Company Dynamics”, “Policy”, “Corn Supply” and other more information researched and reported by CCM’s professional journalists. It is a reliable intermediate for you to know more about the corn industry in China even in the globe.

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, and Consultancy Service. 

For more information, please visit http://www.cnchemicals.com.

Guangzhou CCM Information Science & Technology Co., Ltd.
17th Floor, Huihua Commercial & Trade Mansion, No.80 Xianlie Zhong Road, Guangzhou 510070, China

Tel: 86-20-37616606

Email: econtact@cnchemicals.com

Free Webinar on China Starch Industry to be Held on Sep. 6th, 2012

Starch is a production made through the use of corn, cassava, potato, sweet potato, wheat and other processed. The starch is widely used from food to the chemical and pharmaceutical. The demand of starch shows an increasing trend. A free webinar talking about China's starch industry will be held by CCM International at 17:00 (GMT +8, Beijing Time) on Sep. 6^th , 2012. With the topic of Analysis of China Starch Industry, the webinar will introduce the key influencing factors, the latest dynamics and the future trends of China's Starch industry.

China has a huge starch production, in which corn starch occupied the largest proportion of 86.5%, potato starch, followed by 9.5%, 3.9% of the wheat starch and other starch yield a minimum proportion of 0.02%. In 2011, China's starch output has been increasing to over 20 million tones with a CAGR of around 9% in 2008-2011. It is estimated that China's starch output will increase to nearly 30 million tonnes in 2016 at a 5%-6% CAGR in 2012-2016. How will the future starch industry develop in China's concerning aspects of supply, demand, export, production? What are the hidden challenges and opportunities in this industry?

Starch plays a key role in deep processing, food, pharmaceuticals, etc. Deep processing is the most important consumption field of starch in China, consuming nearly 30% of the nation's total starch consumption in 2011. Besides, starch is also used in other downstream industries such as food and beverage processing and papermaking. In China, large-scale downstream producers will purchase starch from producers directly, and most producers would like to sell their starch by themselves rather than by distributors mainly for a high profit. How is the current situation of China's starch market? What are the influencing factors in this industry?

Mr. Zhang, Professional Consultant and Speaker of this webinar, will share with you his unique perspective and insightful analysis about this promising industry. Grasp this amazing opportunity to obtain the latest market information and discover commercial potential for your business. Come and join us on Sep.6th, 2012

Outline:

1 Regulatory issues in Chinese starch industry

    - What kinds of policies involved?

    - What about the effects on China's starch?

2 Supply and demand of starch in China

   - What is Chinese starch supply situation?

   - Who are the key starch producers and their traits?

   - What is China's starch import and export situation?

   - How about starch demand situation and it's application fields in China?

   - What will Chinese starch's supply and demand be in 2012-2016?

3 Starch derivatives in China

   - What kinds of starch derivatives involved?

   - How about their production and consumption and supply and demand forecast?

 

4 Conclusion and forecast

   - What are challenges in Chinese starch industry?

   - Where are the opportunities?

About CCM International

CCM International is located in Guangzhou, China. CCM provides Data and Primary intelligence about China & Asia Market in Crop Protection, Life Science & Health Care, Chemicals, Materials and Energy, etc. CCM's mission is to bring value to clients with our accurate, complete and timely information and services in the form of Newsletters, Reports, Import/Export analysis, Benchmarking data, Buyer/Seller data and a comprehensive suite of customized consulting services. For more information, please visithttp://www.cnchemicals.com

CCM International Ltd.
Guangzhou CCM Information Science & Technology Co., Ltd.
17th Floor, Huihua Commercial & Trade Building, No.80 XianlieZhong Road, Guangzhou 510070, China

Tel: 86-20-37616606

Email: econtact@cnchemicals.com

Source: http://www.cnchemicals.com/PressRoom/PressRoomDetail_c_1180.html

China's Corn Deep-processing Industry Probably Remain being Restrained in 2012

According to the information from the 5th International Corn Industry Conference (the 5th ICIC), held on 22 Sept. 2011 in Changchun City, Jilin Province, China's corn deep-processing industry may still be restrained by governmental policy in 2012, even for a longer time, according to CCM’s October issue of Corn Products China News.

Firstly, corn's consumption volume in deep-processing industry accounts for over 26% of its total consumption volume in 2011. According to Guidance about Promoting the Healthy Development of Corn Deep-processing Industry (the Guidance) published in 2007, the proportion of corn consumption in deep-processing industry among its total consumption shall be less than 26%. However, according to Mr. Sun, secretary general of China Starch Industry Association, corn's consumption volume in deep-processing industry in 2010 reached about 52 million tonnes, accounting for 28.9% approximately in corn's total consumption. Moreover, he estimated that the proportion in 2011 might get higher. Thus, the government will keep regulating and restricting the corn deep-processing industry in order to reduce the proportion to the object proportion in 2012.

Secondly, China's corn witnesses a little short supply situation. In terms of Mr. Fan, deputy general manager of COFCO Agri-Trading & Logistics Limited, corn's output in 2011 is estimated to reach 181.5 million tonnes, and its consumption volume will reach 181.3 million tonnes and the number will probably get higher in 2012. Since the country needs to replenish its national stock, corn's supply and demand relation is predicted to be tight in 2012.

Besides Mr. Li, director of National Animal Husbandry Service and vice chairman/secretary general of China Feed Industry Association, said in the 5th ICIC: if corn's yield per unit couldn't increase significantly in the next five years, the gap between corn's supply and demand in China would reach 15 million tonnes in 2015. But according to the 12th Five-Year Plan of the Development of National Farming, domestic supply of corn, wheat and rice shall completely satisfy their demand at home by 2015. In order to achieve the goal, Chinese government shall focus on how to increase corn's supply and curb its demand. Unfortunately, deep-processing industry is always the target to be restrained first.

Mr. Li also revealed that the government should strengthen the supervision over deep-processing industry, especially fuel alcohol industry using corn as feedstock, which consumes about 5 million tonnes of corn per year currently. He also suggested that foreign enterprises should be restrained to enter into the corn deep-processing industry, otherwise corn's consumption volume will surge.

Based on the above reasons, it's believed that corn deep-processing industry would be probably restrained to step further in 2012. Mr. Sun disclosed that Ministry of Environmental Protection of China (MEP) would carry out environmental examinations on starch, starch sugar, alcohol and organic acid manufacturers, but detailed examination methods will be separately announced by MEP in the future. After the examinations, MEP will disclose the lists of the qualified manufacturers, and the unlisted ones are not allowed to engage in corn deep-production. Besides, MEP will reject any environmental assessment for any new projects, including the reconstructed or expanded ones, refuse to take any application for environmental examination or provide any certificates of compliance for unlisted manufacturers.

In order to facilitate healthy development of the corn deep-processing industry, especially starch industry, Mr. Sun considered the following measures shall be taken in the future.

1 Capacity expansion and duplicate construction at low levels must be put under rigorous control. The mode of capacity expansion must be shifted toward quality and efficiency improvement.

2 Extend industrial chain and develop products with high added values. Varieties of products with high added value must be increased, and the proportion of products with low added value must be reduced so as to avoid disorderly competitions caused by similar product structures.

3 Raise the threshold and limit the access to the industry.

4 Backward production capacity represented by small enterprises must be limited, while advanced production capacity represented by large enterprises should be encouraged. Enterprises with high consumption, huge deficit and poor environmental performance should be shut down to maximize utilization of resources.

5 Investment in science and technology must be increased, and a scientific system integrating industry and research institutes should be established to encourage independent innovation and ensure healthy development of the industry.

6 More attention should be paid to the bio-industry.

Source: Corn Product China News 1110

http://www.cnchemicals.com/Newsletter/NewsletterDetail_6.html

Content of Corn Products China News 1110:

Both PLA's import and export volumes witness increases in 2011

Fast development in China's HFCS industry

Chinese corn products Imp. & Exp. analysis in August 2011

Domestic threonine price has seen a downtrend since Aug. 2011

Domestic corn starch price heads down in Oct. 2011

China's corn deep-processing industry probably remain being restrained in 2012

Domestic VC industry may face a new regulation

The 12th Five-Year Plan of feed industry comes out

Star Lake Bioscience to improve lysine's production technology

7.5%-12.4%, final determination of the anti-subsidy duty on EU's potato starch

Corn price in China drops in Oct. 2011

Analysis into corn's trade pattern in China

Corn Products China News, a monthly publication issued by CCM International on 20^th of every month, reveals the driving force of news stories and deeply analyzes the influence of trends and dynamics on domestic and international corn deep processing industry.

For more information about Corn Product China News, please contact us at econtact@cnchemicals.com.

CCM International Ltd.
Guangzhou CCM Information Science & Technology Co., Ltd.
17th Floor, Huihua Commercial & Trade Mansion, No.80 Xianlie Zhong Road, Guangzhou 510070, China

Starch Industry Enjoys Fast Development in China

China is the second largest starch producer in the world. There are two kinds of starches, native starch and modified starch. Major varieties of native starch include corn starch, potato starch, cassava starch and wheat starch, while that of modified starch include corn modified starch, potato modified starch and cassava modified starch.

China's starch output has kept growing rapidly with CAGR of about 17.00% since 2001, which reached 17.10 million tonnes in 2008. It is predicted that China’s starch output will increase stably to 25.47 million tonnes in 2020. What is the position of Chinese starch industry in the world? Why do Chinese starch industry develop so fast? Which products will witness promising prospect in the future?

China is also the second largest native starch consumption country in the world, with total consumption value of USD6.10 billion in 2008, of which USD700.00 million was contributed by modified starch consumption. With various characteristics and functions, modified starch is widely applied in industries such as papermaking, food processing and textile in China. What is the consumption market in food processing, papermaking, beverages and other industries?

And China's starch price is mainly influenced by raw material price, supply & demand situation and technology innovation. How are such factors affecting China’s starch industry?

A report named Future of Starches in China published by CCM shows you a comprehensive understanding of China’s starch industry so that you may find answers of the above questions.

From this report, you can obtain the latest information on China’s and the world’s starch industry, thus obtaining business intelligence before involving in the competition and grasping commercial opportunities. Besides, you can also know your competitors and their activities in China. A clear picture for competitive landscape of China’s starch industry is provided. With the in-depth analysis on drivers and barriers of starch development, you may find out where China’s starch market will go next.

The report covers the following aspects:

- An overview for current market of corn starch, cassava starch, potato starch and wheat starch, as well as starch derivatives in China, with focus on statistics of capacity, output, import & export, supply & demand, major manufactures, future trend, etc.
- Outlook for starch raw material supply & demand
- Balance in starch industry, from raw materials to end use markets/products
- Competitiveness of Chinese starch and fermentation products in domestic and export markets, and impact of raw material supply on starch industry
- Foreign investment in China’s starch industry
- Future development trend of China’s starch industry

If you are interested in CCM’s Future of Starches in China, please feel free to contact us at econtact@cnchemicals.com.

(Guangzhou China, October19, 2011)

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.

CCM International Ltd.
Guangzhou CCM Information Science & Technology Co., Ltd.
17th Floor, Huihua Commercial & Trade Mansion, No.80 Xianlie Zhong Road, Guangzhou 510070, China

Source: http://www.cnchemicals.com/PressRoom/PressRoomDetail_r_766.html

China’s Corn Starch is of Great Competitiveness

China’s starch industry has developed fast in recent years with strong governmental support. Owing to overcapacity in starch industry, starch producers have been facing intense competition in last few years.

There are two kinds of starches, native starch and modified starch. Major varieties of native starch include corn starch, potato starch, cassava starch and wheat starch. Native starch industry plays a key role in the development of the whole starch industry, as it is crucial in guaranteeing downstream production like modified starch and related derivatives.

Domestic raw material supply can meet the demand from native starch production except cassava, which is a strong support to improve the competitiveness of China’s native starch industry. Native starch deep processing industry is the most important end user of native starch in China, consuming 15.45 million tonnes of native starch in 2008. Besides, native starch is also used in other downstream industries such as food processing, papermaking and beverage.

With abundant raw material supply and low manufacturing cost, corn starch has become the most important native starch variety in China. The corn starch output had jumped to 14.50 million tonnes in 2008 from 9.00 million tonnes in 2004, with CAGR of 12.66%. With the requirement of  strict environmental protection, small scale manufacturers with little investment in environmental protection have been gradually phased out. Owing to low price and cheap transportation cost, China’s corn starch is quite competitive in Eastern Asia and Southeast Asia.

All findings are from CCM’s report Future of Starches in China. If you are interested in this report,  please feel free to contact us at econtact@cnchemicals.com.

(Guangzhou China, October 19, 2011)

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.

CCM International Ltd.
Guangzhou CCM Information Science & Technology Co., Ltd.
17th Floor, Huihua Commercial & Trade Mansion, No.80 Xianlie Zhong Road, Guangzhou 510070, China

Source: http://www.cnchemicals.com/PressRoom/PressRoomDetail_r_768.html

September Issue Corn Products China News Released

CCM has published September issue of Corn Products China News recently, covering the latest news of various corn products, including price fluctuation, market trends and intelligence, legislations and policies, technologies, area dynamics and corn supply, etc.

In H1 2011, some kinds of corn products enjoyed good growth. Thanks to the booming market of food and feed, leading producers of additives used in both kinds of products, such as starch sugar, corn starch and lysine, put on pretty good performance in H1 2011; some of them have already decided to expand their business in the next one to three years. Oppositely, some kinds of corn products suffered terrible performance. For example, the development of vitamin C has been restrained by its excessive supply and price drop.

High raw material cost is always a big problem for corn producers, and its impact is expected to last to the rest months this year. China’s inflation rate fell to 6.2% in August 2011 from 6.5% in the previous month: this is a move in the right direction but far above the average 4% set by the government for the whole year. Corn price in China is high and stable in Sept. 2011 thanks to its strong demand in feed industry, even though its rich harvest this year is almost certain.

Check more news in CCM’s September issue of Corn Products China News:

-China's corn starch industry enjoys good development in H1 2011

-China's modified starch output posts 17.4% growth in 2010

-Chinese corn products Imp. & Exp. analysis in July 2011

-Citric acid price shows a downtrend in China

-China's lysine price runs high and stable in Sept.

-First environmental policy on MSG to come out in China

-Global Bio-chem's gross margin posts 8% year-on-year increase in H1 2011

-Fufeng Group sacrifices H1 gross margin for better future prospect

-VC's bad performance blocks Northeast Pharmaceutical's fund raising

-2011-2013, time for Global Sweeteners' grand plan

-China's DDGS price sees uptrend in Sept. 2011

-China to enjoy rich corn harvest in 2011

For more information about Corn Products China News, please feel free to contact us at econtact@cnchemicals.com

(Guangzhou China, September 29, 2011)

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.

CCM International Ltd.
Guangzhou CCM Information Science & Technology Co., Ltd.
17th Floor, Huihua Commercial & Trade Mansion, No.80 Xianlie Zhong Road, Guangzhou 510070, China

Promising Future of Modified Starch in China

At present, modified starch industry in China situates in a growing stage; it's believed that there's still plenty of room for its further development, according to CCM’s September issue of Corn Products China News.

China's total output of modified starch reached about 1.24 million tonnes in 2010, realizing a 17.4% year-on-year growth. Paper industry and food industry are still the top two largest downstream markets of modified starch in China in 2010 and 2011.

In fact, modified starch industry in China is still not fully developed yet, with a promising future laying ahead. Statistics show that the per-capita consumption volume of modified starch in China was only 1 kg in 2010, while it averaged out at 1.2 kg all over the world, and that of the US reached 10 kg. Thus, the industry in China has great room for development.

Besides, the first national standard for modified food starch will be published in the future, which can promote the further fast development of modified food starch industry.

For the further development of domestic modified starch industry, producers should pay much attention to the development of  proper varieties and expansion of product mix so as to enter a new market and cater to specific demand from customers. Domestic producers should also improve R&D capability so that modified starch industry in China can develop better and faster.

The following highlights are covered in Corn Product China News 1109:

-China's corn starch industry puts on good performance in H1 2011, with some major producers' -gross profit margins seeing a slight increase over H1 2010.

-Output of modified starch in China witnessed a 17.4% increase in 2010 over 2009.

-Both China's import and export volume of corn products witnessed an uptrend in July 2011, especially the former one with a 1,035% rise over the previous month.

-Domestic price of citric acid has witnessed a downtrend since July 2011 due to sluggish demand from export.

-China's average price of lysine remains high and stable in Sept. thanks to booming market demand.

-Technical Specifications for Treatment of Monosodium Glutamate Industrial Wastewater (draft) will be issued in the near future, which can further increase the industry concentration.

-Global Bio-chem puts on great performance in H1 2011, posting a gross profit margin increased to 24% from 16% in H1 2010.

-Despite the slight year-on-year decline in gross profit margin in H1, Fufeng Group is hopefully puts on great performance this year.

-Northeast Pharmaceutical changes its pricing benchmark of raising non-public offering of stock to 3 Sept. 2011 from 22 June 2011 due to its bad performance in H1 2011.

-Global Sweeteners decides to carry out capacity expansion during 2011 and 2013, covering corn starch, HFCS, crystalline glucose and maltodextrin.

-DDGS price in China stays at a high level in Sept. and it may continue in the near future.

-Corn output in 2011 is expected to witness a rich harvest in China, and corn price may stay relatively stable in the rest months this year.

For more information about Corn Product China News, please feel free to contact us at econtact@cnchemicals.com

(Guangzhou China, September 22, 2011)

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.

CCM International Ltd.
Guangzhou CCM Information Science & Technology Co., Ltd.
17th Floor, Huihua Commercial & Trade Mansion, No.80 Xianlie Zhong Road, Guangzhou 510070, China

China's Modified Starch Output Posts 17.4% Growth in 2010

According to China Starch Industry Association (CSIA), China's total output of modified starch reached about 1.24 million tonnes in 2010, realizing a 17.4% year-on-year growth thanks to brisk demand. At present, modified starch industry in China situates in a growing stage; it's believed that there's still plenty of room for its further development, according to CCM’s September issue of Corn Products China News.

According to CCM's report Future of Modified Starch in Asia Pacific published in Dec. 2010, China's total capacity of modified starch reached 1.68 million t/a in 2010. Over 30 producers own capacity of over 10,000t/a; among them, only two have the capacity beyond 100,000t/a: Zhucheng Xingmao Corn Developing Co., Ltd. (Zhucheng Xingmao) and Guangxi Mingyang Bio-chem Technology Co., Ltd. (Guangxi Mingyang). It's believed that paper industry and food industry are still the top two largest downstream markets of modified starch in China in 2010 and 2011, so the specifiations of modified starch applicable to be used in both industries are more popular in China than other kinds.

In fact, modified starch industry in China is still not fully developed yet, with a promising future laying ahead. According to CSIA, the per-capita consumption volume of modified starch in China was only 1 kg in 2010, while it averaged out at 1.2 kg all over the world, and that of the US reached 10 kg. Thus, the industry in China has great room for development.

In H1 2011, it's believed that the indsutry also performed well. According to Global Bio-chem Technology Group Company Limited (Global Bio-chem), one of the leading modified starch producers in China with capacity of 80,000t/a in 2011, its sales volume and gross profit of modified starch increased by 23% and 117% in H1 2011 over H1 2010. The increase in sales volume, as explained by the company, is the flourishing market of paper industry.

Besides, a national standard for modified food starch will be published in the future, which can promote the further fast development of modified food starch industry. This first specific national standard for modified food starch can regulate the production and guarantee the product quality. In March 2011, the draft of the standard was approval by a group of experts from Standardization Administration of China, CSIA, some leading producers and so on. Players in the industry are looking forward to the publication and taking effect.

For the further development of domestic modified starch industry, producers should pay much attention to develop proper varieties and expand product mix so as to enter a new market and cater to specific demand from customers. Large and strong global modified starch players have many advantages in the market competition for they are superior in R&D and technology innovation. It's believed that given domestic producers' strengthening of R&D capability, modified starch industry in China can develop better and faster in the future.

Source: Corn Product China News 1109

http://www.cnchemicals.com/Newsletter/NewsletterDetail_6.html

Content of Corn Products China News 1109:

China's corn starch industry enjoys good development in H1 2011

China's modified starch output posts 17.4% growth in 2010

Chinese corn products Imp. & Exp. analysis in July 2011

Citric acid price shows a downtrend in China

China's lysine price runs high and stable in Sept.

First environmental policy on MSG to come out in China

Global Bio-chem's gross margin posts 8% year-on-year increase in H1 2011

Fufeng Group sacrifices H1 gross margin for better future prospect

VC's bad performance blocks Northeast Pharmaceutical's fund raising

2011-2013, time for Global Sweeteners' grand plan

China's DDGS price sees uptrend in Sept. 2011

China to enjoy rich corn harvest in 2011

Corn Products China News, a monthly publication issued by CCM International on 20^th of every month, reveals the driving force of news stories and deeply analyzes the influence of trends and dynamics on domestic and international corn deep processing industry.

For more information about Corn Product China News, please contact us at econtact@cnchemicals.com.

CCM International Ltd.
Guangzhou CCM Information Science & Technology Co., Ltd.
17th Floor, Huihua Commercial & Trade Mansion, No.80 Xianlie Zhong Road, Guangzhou 510070, China