Overview:
Here is a surprise. In order to satisfy subscribers’ needs, a new column--Import/Export Analysis joins to provide more comprehensive information of Chinese corn product industry since this issue. You can learn the I/E situation of 17 kinds of corn products by volume, price, and destination. CCM will present in-depth I/E analysis based on our ten-year expertise.
In August, China's corn product industry is not quiet. Chinese government eliminates some inefficient capacity, involving MSG, citric acid and alcohol industries. Also, corn is a target in the three policies to curb price rise of agricultural products issued by the government. However, government’s market-oriented measures seem to be not powerful enough to restrain corn price rise as corn stock may be in shortage, thus administrative means then become the replacement.
Most of corn products gain good performance in export and import this June.
Corn products’ export business witnessed sound performance in H1 2010 in China, and import volume of some corn products also climbed in this period.
Worry arises about the safety of imported transgenic corn as 61,000 tonnes transgenic corn from the US are reported to have mildewed.
Cornstarch price fluctuates differently in different areas due to distinct corn price fluctuation and cornstarch consumption situation.
Some backward capacity in citric acid, MSG and alcohol industries is to be eliminated by late September 2010.
National Development and Reform Commission published three policies concerning agricultural products to regulate agricultural products industry.
Top 20 starch sugar manufacturers in China come out in 2010.
China Starch strives to become the leader in Chinese corn starch industry.
China’s first bagasse-based furfural plant is to be built in Guangxi in the near future.
Baolingbao’s gross profit rate in H1 2010 reduces by 3.53% over last year.
The planned sales volume in national corn temporary reserve auction on 17th Aug. 2010 reduced to 400,000 tonnes from 1,000,000 tonnes previously.
Corn grows well and its output outlook this year is expected to be optimistic despite the terrible weather.
A new cleaner production process of furfural has been successfully developed.
Companies Mentioned
China Starch Holding Limited.,
Huasheng Technology Development Co, Ltd.,
Baolingbao Biology Co., Ltd.
Shandong Xiwang Sugar Co., Ltd.,
Shandong Luzhou Food Group Co., Ltd.
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