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Corn Products China News 1206 - Annual Subscription Published on June 2012

Report Summary In June 2012, the market price of corn saw a little downtrend in some areas of China as the supply of corn is sufficient and farmers' corn has gone moldy to some extent. In general, most corn product markets are gloomy in June, including lysine, citric acid, corn starch and so on. The main reason behind the situation is the weak demand and over-supply of these products. For example, lysine performed poorly as the market price of live pigs fell to a valley bottom in June 2012, reducing the demand for lysine as feed additive. Besides, the nationally depressing economy is partly responsible for the downward market of these corn products. However, recently, Chinese government has implemented some specific measures to stimulate national economy. Therefore, it is estimated that if the overall economy begins to rebound in July or August, many corn enterprises will be more confident in corn market. Moreover, with the temperature rising, some corn products such as starch sugar and citric acid will see a better performance with the peak season of beverage industry in the near future. In 2011, China's export volume and price of MSG enjoy 50.6% and 3.3% increase respectively in comparison with those in 2010. In 2011, domestic output of HFCS increases by 28.3% to 1,694,000 tonnes compared with that in 2010. Both the import and export value of Chinese corn products see decrease in April 2012. Domestic market price of lysine decreases sharply while the market prices of threonine, tryptophan and methionine keep low in June 2012. The market price of citric acid sees a little downtrend in China in June 2012 owing to its weak demand. Longlive Bio-technology publishes a notice that its cellulose fuel ethanol project with a capacity of 51,500t/a has been approved on 16 May, 2012. Amendment seminar of national standard of corn oil & China Corn Oil Industry Development Forum are held in Zouping County, Shandong Province on 10 May, 2012. Domestic market price of threonine decreases by 24.2% in Q1 2012 compared with that in Q1 2011 while the average market price of corn, raw material of threonine, increases by 18.4%, making threonine perform poorly during this period. Chinese government has implemented a series of policies to inhibit the fast development of corn deep-processing industry from Jan. 2011 to April 2012. Ukraine hopes to export about three million tonnes of corn to China in 2012/2013. The Minister of Agriculture of China expresses that corn should be put in a more significant position in grain security strategy on 28 May 2012.

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Table of Content China's export of MSG increases in 2011 Domestic output of HFCS increases by 28.3% in 2011 Chinese corn products Imp. & Exp. analysis in April 2012 Domestic prices of four key amino acids perform differently in June 2012 Market price of citric acid in China declines a little in June 2012 Longlive Bio-technology approved to produce bio-fuel ethanol National standard of corn oil to be amended Domestic threonine performs poorly in Q1 2012 Policies to restrict domestic corn deep-processing industry from Jan. 2011 to April 2012 Ukraine hopes to export corn to China Chinese Minister of Agriculture supports the development of corn Market price of home-made potato starch keeps low in June 2012 Companies mentioned Fufeng Group Co., Ltd. Shandong Longlive Bio-technology Co., Ltd. Star Lake Bioscience Co., Inc. Zhaoqing Guangdong Global Sweeteners Holdings Limited Meihua Holdings Group Co., Ltd.

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Corn Products China News 1206 - Annual Subscription  

In June 2012, the market price of corn saw a little downtrend in some areas of China as the supply of corn is sufficient and farmers' corn h...

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