Headlines
On 10 July, China's MOA and MOF jointly released the Key Supportive Policy for Farmers for 2020, detailing the subsidies for corn and soybean farmers.
On 23 June, the Science & Education Department of the MOA published 71 safety certificates for agricultural GMOs, including for 1 corn variety and 1 soybean variety.
China's MOA said that this year, the recovery of national pig production is rapid and beyond expectations. Recently, the government has published several supportive policies to accelerate recovery.
A few days before the ban on AGPs became effective on 1 July, feed production companies in Guangdong and Yunnan provinces increased their feed prices by approximately USD7.07/t-USD14.14/t (RMB50/t-RMB100/t). The Secretary-General of the CAAA highlighted that there will be opportunities and challenges ahead.
In early and mid-July, many listed pig enterprises published semi-annual reports or result estimates for H1, reporting explosive sales growth compared to a year earlier.
In late June, Henan Feitian published the EIA report of its starch intelligent & green production line construction project on its homepage. With a total investment of USD63.64 million (RMB450 million), this project will be able to produce 420,000 t/a of corn starch from 600,000 t/a of corn.
On 18 June, COFCO Bio-chemical Gongzhuling commenced pilot production of its 10,000 t/a modified waxy corn starch & reclaimed water recycling project at its modified starch plant. With a total investment of USD17.11 million (RMB121 million), this project will be able to produce 8,000 t/a of HDP and 2,000 t/a of acetylated distarch adipate.
On 20 April, Weifang Ensign published the EIA report of the 400,000 t/a premium citric acid green & intelligent manufacturing project; and between 16 June and 14 July, the business published the completion-based environmental protection check & acceptance report of its 600,000 t/a citric acid upgrading project on the homepage.
China Customs indicate that in Jan.-May, domestic citric acid exports rose 9% YoY to 468,600 tonnes at an average export price of USD603.19/t (down 8.49% YoY), with accumulated export values slipping by 0.69% YoY to USD280 million.
This month, corn starch prices rose 5.60% MoM and 4.54% YoY to USD377.60/t, due to the ever-increasing corn prices, producers' low productivity and the growth of downstream demand.
Table of Contents
Headline
Editor's Note
Column 1 Governmental Direction
China maintains corn and soybean farmer subsidies for 2020-2022
MOA approves 71 GMO safety certificates including 1 corn and 1 soybean variety
Better-than-expected recovery of pig capacity with supportive government policies
Column 2 Market Dynamics
China's AGPs ban on 1 July pushes up feed prices
Thirteen listed pig companies witness sales surge in H1
Column 3 Company Developments
Henan Feitian's starch intelligent and green production line project EIA
COFCO Bio-chemical Gongzhuling trials modified waxy corn starch project
Weifang Ensign continues to expand citric acid capacity
Column 4 Import & Export Analysis
Chinese corn products Imp. & Exp., May 2020
China's citric acid exports rise 9% to over 450,000 tonnes in Jan.-May
Column 5 Price Update
Price update of corn products, July 2020
China's corn starch prices remain upward trend in July
Column 6 News in Brief
CASDE for July 2020
Yihai Kerry settles another major project in Zhoukou Henan
China approves 1 st FAW pesticide registration
Qinhuangdao Lihua Starch's profits soar 62.64% in Jan.-May
Fujin Heilongjiang signs 300,000 t/a quick-dissolvable glue powder project
Star Lake Bioscience to trial Zhaodong Biological Fermentation Industrial Park in early Aug.
Henan Jindan Technology's net profits rise 13.84% in H1
Tongjiang Wanli Tongda commences grain warehousing logistics & further processing project
COFCO Tech predicts H1 net profits to soar by 72%-115% YoY
MOA issues Notification on Registering Certificates of Free Sale for Feed and Feed Additives
