China brews soybean industrial policy adjustment Summary: China is brewing soybean industrial policy adjustment, eyeing that the import volume of soybean hit a new record high in 2012 while domestic soybean production and processing industry continued to shrink in recent years. Tags: domestic soybean, policy adjustment, import value, price subsidy, agricultural China is brewing soybean industrial policy adjustment, eyeing that the import volume of soybean hit a new record high in 2012 while domestic soybean production and processing industry continued to shrink in recent years. It's estimated that China would issue some new policies, hoping to improve the enthusiasm of farmers to grow soybeans and enhance the self-sufficiency rate of domestic soybean, according to CCMâ€™s latest issue of AgriChina News Alert 1301. In recent years, Chinaâ€™s soybean import volume showed an upward trend year by year while the output of domestic soybean has been declining. According to China Customs, China has imported 58.38 million tonnes of soybean in 2012, with an increase rate of 10.9% year on year. At present, soybean industry insiders and food experts are expecting the supporting policy on the adjustment of soybean price eagerly. Price subsidy is considered to be a helpful policy tool. It is understood that the government would subsidize the price difference when the target price which provides a reasonable return to farmers is higher than current market price. Some experts also suggest that China should develop policies to support domestic soybean enterprises, including but not limited to tax incentives and government grants. Table Contents of AgriChina News Alert 1301: 2012 China's agricultural produces output sees increase 2013 Lowest purchasing price of rice released China imports corn from Argentina for the first time 2012 Import & export of agricultural produces in China MOA suggests increasing 2013 lowest purchasing price of rice drastically China's main grain production area shifts northward Gumuzhen: 2012 net profit would decrease by 80%-93% Shaanxi: an important fruit production region both for China and the world Edible Fungi Research Center founded in Yunnan Province China's cigarette output up less than 2.4% in 2012 China brews soybean industrial policy adjustment MOF allocates USD19.4 billion subsidies to support spring farming China: cotton reserve measure facing with dilemma Twelfth Five-Year Circular Agriculture and Crop Straw Utilization Policy Seminar held Oil content of China's rape variety YN171 breaks world record again Sinograin purchased 37.47 million tonnes of grain in 2012 China's accumulated occurrence area of pests and diseases to hit 367 million ha. in 2013
Five kinds of agricultural production supported by central financial 2012: China's enterprises purchased 314 million tonnes of grain Seed companies' competitiveness to be enhanced in future few years Biological Industry Development Plan to benefit seven main sub-industries Denghai Seeds invests in a new subsidiary Seventh China Biological Industry Convention to be held in June 2013 China to build three state-level grain seed production bases 2012: China's pesticide technical output and profit both increase 2012: Abamectin-aminomethyl becomes the hottest registered pesticide in China 10 Both volume and value of China's pesticide import & export increase greatly Domestic pesticide demand to see growth in 2013 Consolidation of pesticide industry accelerates in China Canpotex to offer Sinofert one million tonnes of potash fertilizer in H1 2013 China Ocean University Organism signs agreement with World Horticultural Exposition Overcapacity intensifies competition of China's fertilizer industry Agricultural machinery and technology integration project launched in Wuhu, Anhui MOA revises 2013 state supporting agricultural machinery product list State-level High Yield & Quality of Alfalfa Demonstration Project located in Huanghua, Hebei AGCO increases investment in China Fast-growing chicken calls for more supervision Gaoping City again introduces live pig project Chongqing to build state-level pig trading market Twelfth Five-Year Plan for National Livestock & Poultry Breeding Pollution Prevention issued DHN: 2012 net profit to increase by 8%-28% YoY 2012: Number of China's live pig slaughtering enterprises declines by 26.2% Kondarl acquires the largest pig breeding enterprise in Xiamen Zhengbang Group to invest USD317 million in pig industry in Bayan, Heilongjiang Sunner Development: 2012 net profit to decline by 70%-100% Market risk fund of pig industry development launched in Ziyang, Sichuan Pork price up sharply in early 2013 but may not continue in the whole year Beef price rises for 11 consecutive years China sees large increase in pork import 2012 Jiangxi leading animal husbandry enterprises gain USD16 billion in revenue Sanquan Food intends to invest in pig breeding industry Output of Hubei's freshwater aquatic products ranks No. 1 for 17 years continuously Strategic cooperation established between CMBC and China Fisheries Association China's first state-level freshwater aquatic product wholesale market located in Jingzhou Haid Group to invest USD188 million in nine feed projects First aquatic index in China officially released Baiyang Group intends to purchase 100% shares of Jiadexin Food The U.S. launches countervailing investigation on shrimp from China 2012 Guangdong Port exports of aquatic products & seafood see increase Yashili invests USD175 million to build new milk powder factory in New Zealand Domestic vegetable prices continue to rise in Jan. 2013
Yunnan coffee tries to gain pricing right Lu Zhou Lao Jiao makes great efforts to develop medium-end white spirit Jiugui Liquor: net profit down 43% at least in Q4 2012 2012/2013 State reserve of sugar launched Heilongjiang: Q1 2013 raw milk purchasing price determined Huishan Dairy to launch infant formula Shunxin Agriculture to invest USD76 in wine project COFCO Tunhe: 2012 net loss predicted to hit more than USD111 million Mengniu Dairy denies rumors of taking over Modern Farming China intends to finish existing food standards clear-up work by the end of 2013 China's CPI in Dec. 2012 up 2.5% YoY China's urbanization rate hits 52.57% in 2012 China's 2012 GDP growth at 7.8% China's 2012 foreign trade growth misses 10% target Online shopping continues surging in 2012 AgriChina News Alert, daily newsletter online issued by CCM starting from February 2013, (previously a monthly publication issued on every 31 st), offers timely news covering a variety of industries, including marine lives, stockbreeding, forestry and so forth. About CCM CCM 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 offers Market Data, Analysis, Reports, Newsletters, Buyer-Trader Information, Import/Export Analysis all through its new proprietary product ValoTracer.
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Published on Feb 21, 2013
China is brewing soybean industrial policy adjustment, eyeing that the import volume of soybean hit a new record high in 2012 while domestic...