In 2021, China's sugar import tariff quota totals 1.95 million tonnes, of which 70% is for trade by state-owned enterprises.
According to the People's Government of Nanfeng County on 13 Oct., Nazuomi Biotechnology plans to build a purification capacity of 10 t/a monk fruit extract which is expected to complete and go into operation in Jan., 2021.
China's production and sale of sugar in the 2020/21 sugar production season have started. As of end-Sept., there have been 6 sugar companies in each of Xinjiang Uygur Autonomous Region and Inner Mongolia Autonomous Region started operation, showing normal production of beet sugar; production of cane sugar has not begun yet.
On 1 Oct., the construction of eight workshops including liquid syrup workshop in Yufeng Industrial Group's General Health Industrial Park came to an end; in early Oct., the construction of Inner Mongolia Jinyufeng's Corn Circular Economy Industrial Park project started.
Xinping County plans to lure investment to construct a project with an annual output of 3,000 tonnes of FOS, including 2,000 tonnes of low-purity FOS pulp and 1,000 tonnes of high-purity powdered FOS.
Zhejiang Hengcai plans to build a project with an annual capacity of 8,000 tonnes of rock sugar, 1,000 tonnes of caster sugar and 1,000 tonnes of brown granulated sugar; and Shandong Yahui plans to build a project with an annual output of 400 tonnes of edible sugar.
Hubei Haiyi plans to build a 4,000 t/a (13.3 tonnes daily) erythritol production line through technical transformation project.
In the previous three quarters of 2020, the revenue of CCGB increased by 17.4% and the net profit increased by 39.3%; the revenue of COFCO increased by 0.7% and the net profit rose by 37.2%.
Due to the rising price of raw materials and the shortage of market supply, the price of sorbitol has risen in Oct. Affected by both insufficient supply and weak demand, the price of sorbitol in the short term is expected to remain stable.
In Aug., China exported 2,910 tonnes of xylitol, up by 15.5% MoM and down by 31.2% YoY.
Table of Contents
Column 1 Governmental Direction
Rules for implementation of sugar import tariff quota in 2021 released
Column 2 Market Dynamics
Nazuomi Biotechnology to build purification capacity of 10 t/a monk fruit extract
Update of beet sugar production in new crushing season
Progresses of Yufeng Industrial Group's and Inner Mongolia Jinyufeng's industrial park projects
Xinping County to invite enterprises to build 3,000 t/a FOS project
EIA reports on sugar-making projects of Zhejiang Hengcai and Shandong Yahui publicized
Column 3 Company Development
EIA report on Hubei Haiyi's technical transformation project for erythritol production line publicized
CCGB and COFCO release Q3 report of 2020
Column 4 Price Update
Ex-works prices of sweeteners in China, Oct. 2020
Price of sorbitol rises MoM in Oct.
Column 5 Import and Export Analysis
Exports of sweeteners and raw materials from China, Aug. 2020
Export volume of xylitol increases slightly MoM in Aug.
Column 6 News in Brief
Jinhe Industrial holds mobilization meeting on construction of sucralose project
Zhejiang Huakang's application for IPO approved
Sanyuan Biology stops being listed on NEEQ since 21 Oct.
Production, sales and inventory of saccharin in China by end of Aug.
Conference on sugar production held in Dehong, Yunnan Province
ChemPartner releases Q3 performance forecast report
Layn sees increased income but decreased profit from Q1-Q3
Yongfu County devotes great effort in developing monkfruit industry
Lvyuan Sugar successfully starts production in 2020/2021 crushing season
HuaSweet listed as key leading enterprise of agricultural industrialization