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China Market
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.
Thursday, May 28, 2020
Poultry and egg prices in China on the downtrend
China's poultry and egg prices have decreased due to low demand coupled with higher inventories, Reuters reported.
Wednesday, May 27, 2020
China plans food security response action due to global COVID-19 concerns
China's National Development and Reform Commission (NDRC) said the country will draw up and implement a food security response plan because of the worldwide COVID-19 pandemic, Reuters reported.
Wednesday, May 27, 2020
30,000 tonnes of frozen pork to be auctioned from China's state reserves
The China Merchandise Reserve Management Center said it will auction 30,000 tonnes of frozen pork from the country's state reserves on May 27, Reuters reported.
Wednesday, May 27, 2020
China Broiler Weekly: Prices slide at a slower pace (week ended May 22, 2020)
Weekly AA broiler prices continued to fall, despite showing signs of stabilising by end of the week. Release volumes continued to expand while slaughterhouses remained prudent.
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