Following are headline news of the latest issue of Corn Products China News:
Baolingbao's
functional biological ingredients lab project obtains approval from NDRC
Baolingbao's
functional biological ingredients lab project obtains approval from NDRC
Government purchase of corn for temporary reserve
starts in Jilin Province in advance
The People's
Government of Jilin Province decided to start in advance the government's corn
purchase for temporary reserve in Songyuan City, Jilin Province from Nov. 8,
2013, which prevented the market price of corn in Songyuan from decreasing.
Longlive Bio-technology commits to developing
cellulosic ethanol
Recently, Longlive
Bio-technology has been committed to developing cellulosic ethanol. On Nov. 13,
2013, the company's project on processing 200,000t/a of straw was approved to
be established in Dezhou, Shandong Province, which is mainly to produce
cellulosic ethanol with a capacity of 30,000t/a. As early as Oct. 2013, the
company decided to build a subsidiary in Denmark to improve its R&D of
cellulosic ethanol.
China to import large quantity of GM corn from
Brazil
On Nov. 6, 2013,
GM corn from Brazil was approved to be inspected and quarantined by the AQSIQ.
After the approval of the MOA, a large quantity of GM corn from Brazil will be
exported to China.
Price update of corn products, Nov. 2013
Price update of
corn products, Nov. 2013
Market price of furfural enjoys uptrend, Aug.-Oct.
2013
According to CCM's
data, the domestic market price of furfural has enjoyed an uptrend during
Aug.-Oct. 2013, mainly due to tight supply, increasing demand and increasing
costs.
Ex-works price of DDGS declines recently
According to data
from CCM, the ex-works price of DDGS in China declined remarkably in Oct. 2013,
mainly due to the decreasing demand from downstream industries and the
increasing supply of DDGS.
Ex-works price of MSG witnesses a downtrend since
Sept. 2013
The ex-works price
of MSG in China has witnessed a downtrend since Sept. 2013, due to oversupply,
weak demand and insufficient cost support.
USDC's anti-dumping and countervailing duty
investigations on MSG native to China and Indonesia
On Oct. 24, 2013,
the US Department of Commerce (USDC) announced that it would start anti-dumping
and countervailing duty investigations on MSG from China and Indonesia, aiming
to define whether these products have threatened the MSG industry in the US.
China's furfural export value declines by 47.4%
YoY, Jan.-Sept. 2013
According to China
Customs, in the first nine months of 2013, China's furfural export value was
just USD17.0 million, down 47.4% year on year, due to decreases in both the
export volume and the export price of the product in this period.
Ajinomoto charges Global Bio-chem with patent
infringment again
Ajinomoto charges
Global Bio-chem with patent infringment again
Guangji Pharmaceuticall turns loss into gain in
Q1-Q3 2013
Guangji
Pharmaceuticall turns loss into gain in Q1-Q3 2013
Star Lake Bioscience to invest for entrust loans
despite the high liabilities
Star Lake
Bioscience to invest for entrust loans despite the high liabilities
China's import quota for sucrose remains 1.945
million tonnes in 2014
China's total
import quota for sucrose will remain 1.945 million tonnes in 2014. However, it
remains unknown whether the sucrose import volume continues to be large in 2014
as in the current year.
Baolingbao obtains new patent for IMO production,
Oct. 2013
On Oct. 11, 2013,
Baolingbao announced that the company had obtained a new patent——a preparation
method for the co-production of high purity IMO and alcohol, with a 20-year
validity period. For every tonne of IMO produced by this technology, the total
production cost will be reduced by 10%.
Market price of corn oil maintains at a low level,
Aug.-Oct. 2013
The domestic
market price of corn oil remained low during Aug.-Oct., 2013, and is estimated
to continue its decline in the near future.
Chinese corn
products Imp. & Exp., Sept. 2013
In
Sept. 2013, the total import value of corn products in China witnessed a MoM
decrease of 41% while the total export value increased sharply by 171% MoM.
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