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China Market
Wednesday, June 3, 2020
China Lysine Weekly: Producers stand firm (week ended Jun 1, 2020)
Lysine availability decreased as a producer halted operation for routine maintenance. With the costs of production high, producers were tempted to lift prices over the week although demand stayed slow.
Wednesday, June 3, 2020
China Methionine: Supply exceeds demand (week ended Jun 1, 2020)
Even as some producers halted operation for routine maintenance, supplies of methionine were plentiful due to capacity expansion of the industry. With demand slack as poultry prices stayed weak, feed producers withheld the purchases of raw ...
Wednesday, June 3, 2020
Chinese firms buy US soybeans even after government orders to stop purchases
Three cargoes of soybeans from the United States have been purchased by China state-owned companies, even after China's government ordered these companies to stop purchases, Reuters reported.
Wednesday, June 3, 2020
China ordered state firms to stop importing soybeans and pork?
After the US said it would end special trade treatment for Hong Kong to punish Beijing, China has made a retaliatory move by allegedly directing state-owned firms to stop importing soybeans and pork from the US, CNBC reported, citing as sou ...
Tuesday, June 2, 2020
China Soymeal Weekly: Market ends six-week tumble (week ended Jun 1, 2020)
Demand for soymeal showed little improvement while livestock prices stayed weak, hence curtailing the production of feed. However, soymeal prices, which have tumbled 14% since early April, consolidated higher as crushers stood firm poor ret ...
Tuesday, June 2, 2020
China Corn Weekly: High reserves sales weigh on prices (ended May 29, 2020)
As the government released 4 million tonnes of reserves corn for sale, which was high than market expectations, abundant availability exerted pressure on the market. Traders who held back releases recently were eager to clear inventories in ...
Tuesday, June 2, 2020
China confirms new ASF outbreak in Gansu
China confirmed a new outbreak of African swine fever near Lanzhou city in northwestern Gansu province, the Ministry of Agriculture and Rural Affairs said on Friday, reported Reuters.
Monday, June 1, 2020
China VD3: Poor demand sinks prices (week ended Jun 1, 2020)
Producers who were eager to clear piling inventories slashed prices lately to stimulate sales. Demand remained limited, however, as feed producers cut output while the livestock markets suffered severe price falls. Compared with a year ago, ...
Monday, June 1, 2020
China Fishmeal Weekly: Soft demand weakens prices (week ended May 29, 2020)
Demand for fishmeal from the aquaculture sector slowed as feed producers were reluctant to stock high inventories. As a result, port inventories of fishmeal expanded to 134,200 tonnes.
Saturday, May 30, 2020
China not to buy US chicken amid COVID-19 recovery
In a reversal from a recent surge of imports, China will be out of the market for US chicken in June as it recovers from the COVID-19 crisis, the president of Sanderson Farms Inc said on Thursday, reported Reuters.
Saturday, May 30, 2020
China's March dairy imports hike about 10%
According to New Zealand's Fonterra on Friday, the global dairy import volumes of China climbed 10.1% in March as the world's second-largest economy reopens after the COVID-19 lockdown, reported Reuters.
Friday, May 29, 2020
China bans pork imports from India
Authorities in China said the ban was imposed due to African swine fever (ASF), but state-run media linked the ban to border tensions, The Hindu reported.
Friday, May 29, 2020
Wens Foodstuffs Group aims to triple swine output by 2024
The biggest swine producer in China will boost its output by three times in the next four years through the construction of new swine farms, Reuters reported.
Friday, May 29, 2020
China buys Brazilian soy as US trade tensions build up
As trade tensions with the US increase, China purchased over 10 cargoes of Brazilian soybeans this week in private transactions, according to sources familiar with the matter, Bloomberg reported.
Friday, May 29, 2020
China's egg prices dive to historic lows
As inventories increase in the midst of sluggish demand, the poultry and egg prices in China have come under pressure in recent weeks, pushing egg prices to plunge to historic lows, Reuters reported.
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