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China Market
Monday, May 4, 2020
20,000 tonnes of pork from China's state reserves have been auctioned
The China Merchandise Reserve Management Center said an additional 20,000 tonnes of pork was released from China's state reserves for auction on April 29, 2020, reported Reuters.
Monday, May 4, 2020
Cargill set to introduce more plant-based meats to China
This is following a successful plant-based nuggets trial in KFC China by Yum China Holdings in Shanghai, Shenzhen and Guangzhou between April 28 to April 30, reported Reuters.
Monday, May 4, 2020
China Fishmeal Weekly: Market stable despite rising inventory (week ended Apr 30, 2020)
As more shipments arrived, ort inventories of fishmeal increased to 136,600 tonnes. Nevertheless, with demand from the aquaculture sector stable, fishmeal prices remained firm over the week.
Friday, May 1, 2020
Pork shortage from ASF helped China avoid killing piglets
Due to the overall shortage in the Chinese market from last year's ASF, Chinese pork producers did not need to euthanise baby pigs to avoid excessive supply amid falling demand in the current COVID-19 crisis, industry analysts told Sputnik.
Wednesday, April 29, 2020
China Live Hog Weekly: Market weakens as pork consumption plunges 30% (week ended Apr 24, 2020)
Demand for hog remained weak as pork consumption crumbled under slashed consumer spending, semi-operational canteens and restaurants, and the devastation of tourism. Despite an increase of 1.6% over the past week, hog slaughter volumes rema ...
Tuesday, April 28, 2020
China Methionine: Market remains firm (week ended Apr 27, 2020)
Prices of methionine remained firm as production was limited. Export demand stayed robust as the Wuhan coronavirus pandemic disrupted production in Malaysia and other parts of the world.
Tuesday, April 28, 2020
China Lysine Weekly: Low ingredient availability limits production (week ended Apr 27, 2020)
Supplies of lysine tightened as corn availability dwindled in China. Producers with limited stocks offer, for instance CJ, halted prices releases prompting feed producers to increase purchases.
Tuesday, April 28, 2020
China Soymeal Weekly: Prices slid for the third week (week ended Apr 27, 2020)
Demand for soymeal remained slack as feed producers were reluctant to expand inventories with hog feed consumption limited. Hence, even as soy availability was tight while crushers' soymeal stocks stayed at ten-year lows, soymeal market was ...
Tuesday, April 28, 2020
China Corn Weekly: Market strengthens amid dwindling availability (ended Apr 24, 2020)
Corn prices showed no signs of stabilising in China as supplies continued to tighten. Nonetheless, prices hikes were gradual as weak poultry feed demand dampened the confidence of feed producers.
Monday, April 27, 2020
China VK3 prices strengthen amid falling output (week ended Apr 27, 2020)
Production of vitamin K3 decreased significantly, hence pushing prices amid tightening availability. As the Wuhan coronavirus pandemic crushed the sales of leather luxury products, producers cut the output of chrome tanning agent. Vitamin K ...
Friday, April 24, 2020
WH Group Ltd. struggles amid ASF, COVID-19 issues
According to Bloomberg news, COVID-19 and African swine fever is threatening production at Hong Kong-based WH Group Ltd., one of the world's top pork producer.
Thursday, April 23, 2020
Starbucks introduces Beyond Meat and Omnipork products to China
The new plant-based food items will feature in its China stores, where the world's biggest coffee chain has recently reopened after the country steadily recovers from the COVID-19 outbreak, reported Reuters.
Thursday, April 23, 2020
China VK3 producers attempt to lift prices amid higher expenses (week ended Apr 20, 2020)
Supplies of raw ingredients tightened amid reduced output, lifting the costs of vitamin K3 production. Several producers were tempted to increase export prices. In the local market, soft demand for animal feed put a lid on the prices of vit ...
Thursday, April 23, 2020
China Lysine: Prices stay firm (week ended Apr 20, 2020)
Lysine producers continued to limit output while the costs of corm were high amid dwindling availability. Consequently. prices stayed firm over the week even as the demand for hog feed and hence lysine was slow with hog population low.
Wednesday, April 22, 2020
China discovers African swine fever in truck en route to Sichuan
China's agriculture ministry confirmed a new case of African swine fever (ASF) was detected among swine transport trucks destined for Sichuan, reported Reuters.
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