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:
In Nov. 2013, the total import value of corn products in China witnessed a significant MoM increase of 1,359% while the total export value increased slightly by 3% MoM.
The market price of wheat in China enjoyed an obvious uptrend during June 2013-Nov. 2013, supported by government policy and strong demand. While it declined slightly in Dec. 2013 due to weak demand. The higher price of wheat caused many feed enterprises in China to replace wheat with corn to produce feed in 2013.
The edible ethanol industry in China underwent a downturn in 2013, due to weak demand for this product from the spirit industry. The poor performance of spirit in 2013 could be attributed to overcapacity and weak demand.
Recently, Henan Lotus has been committed to cut costs. It is estimated that the company's measure on cost-cutting is related to its net loss in 2013.
According to data from China Customs, the export volume of China's furfural rebounded during Oct.-Nov. 2013. Increasing demand also boosted the export price and domestic market price of this product in this period.
Global Bio-chem to record full-year loss for 2013
Price update of corn products, Jan. 2014
Star Lake Bioscience to turn loss into gain in full year 2013 running
Shandong Longlive opened an online flagship shop at tmall.com in Dec. 2013, seeking to boost the sales of its end products.
On Jan. 7, 2014, Guangji Pharmaceutical announced that the company would suspend its partial VB2 production line for less than 30 days. If the price of VB2 remains low, the company may extend the suspension time of this production line.
Output of amino acid in China to decrease, Jan-early Feb. 2014
During Jan.-Nov. 2013, the export volume of China's sorbitol increased by 24% year on year, while the average export price of this product decreased by 9% year on year in the same period. The import volume and import price of sorbitol both increased during Jan.-Nov. 2013.
The ex-works price of xanthan gum witnessed a sharp downtrend in 2013, especially in H2 2013. The decrease in the price could be attributable to the increasing supply, the slow growth in demand from overseas markets, the weak competitive advantage and the weak cost support.
On Dec. 26, 2013, China returned 2,000 tonnes of DDGS to the US because they contained the unapproved GM ingredient MIR162. This was favorable for domestic DDGS at the end of 2013, but the prosperity of domestic DDGS will not last long.
Longlive Bio-technology obtains six new patent certificates
Approval authority of fuel ethanol projects transferred to provincial governments
According to data from CCM, the ex-works price of corn germ meal averaged higher during H2 2013 than in H1 2013.
In Dec. 2013, the poultry industry faced the challenge of frequent outbreaks of avian influenza again after the industry had already suffered severe losses in H1 2013. However, these outbreaks did not affect the prices of poultry feed additives.
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