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Corn Products China News 1205 Published on May 2012

Report Summary The market price of corn enjoys a little uptrend in May 2012 while Chinese government implements some policies including raising value added tax for corn deep-processing industry by 4% and reducing subsidy for bio-fuel ethanol made from grain from USD194.6/t to USD79.4/t in order to prevent the price surging too much. Generally, over 60% of corn is used for feed, whose price accounts about 70% of the total cost of pig raising in China. In middle April 2012, the price rate of live pig against corn has fallen below 6:1, meaning that pig raisers already suffered loss. Thus, China's government implements a new regulatory plan for live pigs to relieve the downtrend of live pig price besides trying to adjust the price of corn. For some food safety disturbances in food industry in March and April 2012, starch sugar failed to see its regular peak season in early May'the transaction volume of corn starch situated at a low level since its demand didn't get stronger as it did in previous years. However, it is believed that the situation will be better in late May with the increasing temperature. Domestic export volume of citric acid decreases by 5.4% in 2011 compared with that in 2010. In March 2012, the import value of corn products decreases by 11% while the export value increases by 28% in comparison with those in Feb. 2013. The market pri of furfural stays at a low level owing to its weak demand in China in May 2012. The transaction volume of corn starch situates at a low level in May, 2012, a regular busy season of the product, due to weak demand. In Q1 2012, Xiwang Sugar performs a bit badly with its gross profit margin decreasing by 8.7% in comparison with that in Q1 2011. Northeast Pharmaceutical suffers a net profit loss of USD12.4 million in Q1 2012, compared with a positive USD1.4 million year on year. Diversified product mix makes Baolingbao keep performing well in 2011 and Q1 2012. Financial subsidy for grain fuel ethanol sharply declines in 2012, which will negatively affect the current four nationally designated producers of fuel ethanol in China. NDRC implements a new regulatory plan for live pigs in middle April 2012, which may affect corn and amino acid market in China. Recently, the State Administration of Taxation publishes a notice that VAT for corn deep-processing industry will be raised from 13% to 17% on 1 May, 2012. Domestic sugar will reach balance between supply and demand in 2012 and its price won't be as high as that in 2011. The Ministry of Agriculture launches the technological promotion of unit yield and economic benefit of Northeast China's corn in Harbin, Heilongjiang Province on 17 April 2012.

Corn Products China News 1205 (From Issuu)

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Table of Content Zhaodong Star Lake's 35,000t/a lysine production line commissioned Argentina can export corn to China after 20 April, 2012 North China Pharmaceutical makes an operating profit loss in 2011 Angel Yeast's net profit decreases 16.48% in Q1 2012 Corn starch and starch sugar encumber Longlive Bio-technology in Q1 2012 Domestic exportation of citric acid not performs well in 2011 Chinese corn products Imp. & Exp. analysis in March 2012 Domestic furfural suffers low price in May 2012 Corn starch suffers low transaction volume in its 'busy season' Xiwang Sugar performs a bit badly in Q1 2012 Northeast Pharmaceutical suffers a net profit loss of USD12.4 million in Q1 2012 Diversified product mix makes Baolingbao keep good performance Financial subsidy for grain fuel ethanol sharply declines in 2012 New regulatory plan of live pigs may affect corn and amino acid market in China VAT for corn deep-processing industry raised to 17% Domestic sugar to reach balance between supply and demand Technological promotion of unit yield and economic benefit of Northeast China's corn launched Companies Mentioned North China Pharmaceutical Co., Ltd., COFCO Bio-chemical (Anhui) Co., Ltd., Northeast Pharmaceutical Group Co., Ltd., Baolingbao Biology Co., Ltd., Xiwang Sugar Holdings Company Limited

Corn Products China News 1205 (From Issuu)

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Corn Products China News 1205 (From Issuu)

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Corn Products China News 1205  

The market price of corn enjoys a little uptrend in May 2012 while Chinese government implements some policies including raising value added...