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China Market
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.
Wednesday, April 22, 2020
Additional 10,000 tonnes of pork to be auctioned from China's state reserves
The China Merchandise Reserve Management Center said a further 10,000 tonnes of frozen pork will be auctioned from China's state reserves on April 23, 2020, reported Reuters.
Wednesday, April 22, 2020
China pork supplies expected to hit peak prices in September amid low supplies
Low pork supplies projected in the second quarter of the year is expected to push prices to peak levels in September as the country aims to resume domestic swine production affected by African swine fever (ASF), reported Reuters.
Wednesday, April 22, 2020
China Methionine: Market stabilises despite limited availability (week ended Apr 20, 2020)
Tight availability of methionine, resulting from disruption of output globally due to the coronavirus pandemic, continued to lend support to the market. However, poultry producers were cautious in stockpiling inventories of methionine while ...
Wednesday, April 22, 2020
China VB1: No signs of prices stabilising (week ended Apr 20, 2020)
Chinese feed millers were reluctant to stock high inventories of feed ingredients with the sales slow and the country's economy looked set to enter a recession. Under the pressure of ample supplies, producers cut vitamin B1 prices further.
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