Corn Products China News 1510 is a new market research publication announced by Reportstack. In Oct. 201 5, the NBS releases the economic data of Q1 -Q3, showing that the GDP reached USD7.68 trillion (RMB48.78 trillion), up 6.9% year on year. And the total output of pork, beef, mutton and poultry was 58.96 million tonnes, up 0.9% year on year. At the same time, the MOA's monitoring data from 4,000 monitoring sites show that the live pigs in farm records rises for consecutive three months since July. This predicts that China's livestock industry is recovering, which will boost the corn deep-processing market.
For the government, in the face of huge corn inventory, Chinese government is trying to accelerate corn consumption by increasing subsidy for corn deep-processing enterprises, rebuilding corn ethanol project and conducting anti-dumping investigation on imported DDGS. However, it is now encountering many difficulties.
In regard of company dynamics, under such stagnant market, Global Bio-chem, Star Lake Bioscience and many corn deepprocessing enterprises announced to reorganize one by one in order to survive in predicament. The reform of corn deepprocessing enterprises begins. In addition, affected by the dropping corn price, downstream manufacturers' gross profit increases which is an opportunity for corn deep-processing enterprises.
To view the table of contents and know more details, please visit Corn Products China News 1510.
Entering Nov., the temporary purchase and storage of corn in Northeast China will start on 1 Nov. Since the purchase price is still higher than the market price, coupled with the rumour that the government will reduce the purchase volume this time, the sale war of grain between farmers will become unusually intense.
The USD/RMB exchange rate in this report is USD1 .00=RMB6.3505 on 8 Oct., 201 5, sourced from the People's Bank of China. All the prices mentioned in this report will include the VAT, unless otherwise specified.
Global Bio-chem Technology Group Co., Ltd.; Fufeng Group Co., Ltd.; Henan Lotus Flower Gourmet Powder Co., Ltd.; Meihua Holdings Group Co., Ltd.; Star Lake Bioscience Co., Inc. Zhaoqing Guangdong;
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