Showing posts with label Distillers Dried Grains with Solubles. Show all posts
Showing posts with label Distillers Dried Grains with Solubles. Show all posts

Friday, July 12, 2013

Find Hot News in Corn Products China News 1306

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:
COFCO to import 60,000 tonnes of corn from Argentina in 2013
COFCO will import 60,000 tonnes of corn from Argentina in 2013.
NDRC publishes a new notice about crop straw utilization
The NDRC published a new notice to strengthen the comprehensive utilization of crop straw, which may favor the future development of Long-live Biotechnology.
Fufeng Group's gross profit margin expected to rebound in 2013
After a poor performance in 2012, Fufeng Group's gross profit margin is expected to rebound in 2013.
Ex-works price of corn germ meal in China stays high in June 2013
The ex-works price of corn germ meal in China stayed high in June 2013.
Xiwang Sugar sells its corn processing business
Xiwang Sugar sells its corn processing business
Baolingbao hard to improve performance in H1 2013
Baolingbao hard to improve performance in H1 2013
Global Bio-Chem and Global Sweeteners cooperate with ADM
Global Bio-chem and Global Sweeteners will cooperate with ADM from June 2013 to June 2014.
Price update of corn products in June
Price update of corn products in June
Star Lake Bioscience sees sharp decrease in net profit in 2012
Star Lake Bioscience's revenue increased by 2.64% year on year in 2012, but its net profit saw a sharp decrease of 331.34% compared with that in 2011.
USDC announces final determination on anti-dumping investigation into China-made xanthan gum
The USDC announced its final determination with regard to the anti-dumping investigation into Chinese xanthan gum and the ITC will make its final injury determination on or before July 12, 2013.
Domestic market price of DDGS rebounds in May 2013
As the H7N9 bird flu fades away in May, the domestic market price of DDGS rebounded. With the increasing demand for feeds in June, it's estimated that the price of DDGS will continue to increase.
Harbin intercepts 115 kg of US GM corn seeds in May
Harbin intercepts 115 kg of US GM corn seeds in May
China's VB2 export volume increases by 37.4% year on year in April
The export volume of China's VB2 increased by 37.4% year on year in April 2013, while it decreased by 3.3% compared with that in March.
Chinese corn products Imp. & Exp. analysis in April 2013
In April 2013, the total import value of corn products in China witnessed a 73% month-on-month growth while the export value of them declined by 20%.
Planting area of corn in China may keep on increasing in 2013
The total planting area of corn in China may keep on increasing in 2013.
China launches the second batch reserve of sugar in 2012/2013
China launched the second batch reserve of sugar in 2012/2013, which is considered hard to increase the domestic price of sugar in the short time.
Henan Province publishes enterprise list with inferior capacities to be eliminated in 2013
Henan Province publishes enterprise list with inferior capacities to be eliminated in 2013
Domestic pig market turns better entering May
Domestic pig market turns better entering May 


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Friday, August 3, 2012

China Stops Anti-dumping Investigation into DDGS Imported from the US


On June 28, 2012, Chinese Ministry of Commerce (MOC) published a notice that China had stopped the anti-dumping investigation into Distillers Dried Grains with Solubles (DDGS) imported from the US because Chinese applicants, namely COFCO Bio-chemical (Anhui) Co., Ltd. (COFCO Bio-chemical), Jilin Fuel Alcohol Co., Ltd. (Jilin Fuel Alcohol), Meihekou Fukang Alcohol Co., Ltd. (Meihekou Fukang Alcohol) and Jilin Province New Tian Long Wine Co., Ltd. (Jilin New Tian Long Wine), applied to stop it on May 10, 2012, according to CCM International’s July issue of Corn Products China News.

As a matter of fact, on Nov. 16, 2010, COFCO Bio-chemical, Jilin Fuel Alcohol, Meihuakou Fukang Alcohol and Jilin New Tian Long Wine stood for domestic DDGS industry to apply for the anti-dumping investigation into DDGS imported from the US. Then on Dec. 28, 2010, MOC published a notice that China started the anti-dumping investigation into DDGS imported from the US. And the dumping investigation period was from July 1, 2009 to June 30, 2010 and the industry injury investigation period was from Jan. 1, 2007 to June 30, 2010.

However, the situation of anti-dumping investigation into DDGS imported from the US was complicated, leading to MOC's extending of the deadline of anti-dumping investigation to June 28, 2012. And various correlative industries investigated gave different feedbacks. For example, in 2011, China Alcohol Drinks Association handed in Letter on Supporting Domestic Anti-dumping Investigation into DDGS in the hope to speed up the anti-dumping investigation and make a judgement in order to protect domestic DDGS industry. Meanwhile, China Feed Industry Association handed in Letter on Suggesting to Suspend the Anti-dumping Investigation into DDGS Imported from the US, which gave an opposite advice. However, before MOC could make a formal judgement on the anti-dumping investigation, the application to stop the investigation was approved by MOC.

DDGS, a side product of ethanol production line, is a substitute for corn and dregs of beans as feed additive. As China restricts the development of ethanol made from corn, domestic output of DDGS can't meet its demand. Imported DDGS can make the gap up to some extent and relieve the pressure of corn import. However, the anti-dumping investigation into DDGS decreased its import volume because almost all imported DDGS in China is from the US, the largest production country of DDGS. In detail, according to data from China Customs, domestic import volume of DDGS in 2010 was 3.16 million tonnes while it declined to 1.69 million tonnes in 2011, down 46.7% year on year.

Nevertheless, some insiders thought it was good news for domestic feed industry to stop the anti-dumping investigation into DDGS imported from the US. "China should import more DDGS, which can give more choices to domestic feed enterprises," said Doctor Fan Xuezhi from the Development Research Centre of the State Council. "Compared with domestic DDGS, US-made DDGS has advantages in quality such as higher content of protein and fat as well as lower content of flavacol and vomitoxin. If the import price of US-made DDGS is reasonable, its import volume will increase due to its good cost performance," said Manager Li Shiqiang from Zhengzhou Hongle Feed Co., Ltd., an importer of DDGS in China.

Overall, considering the huge demand for DDGS in China, it is predicted that China's import volume of DDGS will recover in H2 2012. For example, domestic demand for DDGS in 2011 was about 11.5 million tonnes while the output was just about 3.5 million tonnes, leaving a huge gap for imported DDGS. And the situation in 2012 is similar.

Source: Corn Product China News 1207

Content of Corn Products China News 1207:
Domestic export of furfural decreases in the first five months of 2012
Chinese corn products Imp. & Exp. analysis in May 2012
Domestic market price of corn starch keeps stable in July 2012
China Corn Oil changes to a high-end food enterprise
China's lysine sees contrary market situation in H1 2012 over in H1 2011
450,000t/a glucose monohydrate production line of Xiwang Pharmaceutical comes on stream
Domestic furfural producers plan to found a national furfural industry union
The US launches anti-dumping probe into xanthan gum from China
Chinese corn products perform poorly in H1 2012
… …

Corn Products China News, a monthly publication issued by CCM International on 20th 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.


About CCM International
CCM International 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 International 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.
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