Corn Products China News 1504 (12 issues per year)

Date: 2015-05

“In March-April 2015, China鈥檚 enterprises release the 2014 financial report. Thus, in this issue, CCM selects financial reports from representative enterprises in each industry to analyze their performance. CCM tries to summarize their performance and look back the industry in 2014, meantime forecast the changes in 2015 through the company dynamics. For example, China鈥檚 MSG industry suffers from overcapacity in recent years and many small-sized enterprises are gradually eliminated. In 2015, the domestic demand of MSG industry is about 1.85 million tonnes, which make a balance between supply and demand. Meihua Bio cooperates with Ningxia EPPEN Biotech to integrate the production capacity and output. Fufeng Group becomes a monopoly in the MSG industry based on its advanced technology and mature experience. Although the corn price is increasing, the MSG industry is hardly impacted. What鈥檚 more, in April, the completed temporary storage & purchase of corn is the weather vane of the corn price trend in 2015. The large volume of temporarily-stored corn this time and China starts to imported corn from Ukraine due to the American GM corn arouse concerns of corn deep-processing sectors.
That China announced to promote potato as staple food cannot stop the price declined of potato in a short time. Affected by the inventory pressure and early germination, the potato price continues to decline. It is hopeful that China may issue relevant policies to support potato to become staple food.
Under the slowing down economic growth, Chinese government arouses more and more attention to the environmental protection. It鈥檚 predicted that the livestock industry, foundry industry and feed industry will enter the stage of sustainable development.
The USD/RMB exchange rate in this issue is USD1 .00=RMB6.1434 on 1 April, 2015, sourced from the People’s Bank of China. All the prices mentioned in this newsletter include the VAT unless otherwise specified.”

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