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China Market
Monday, March 30, 2020
Zheng Chang implements measures to tackle COVID-19 and better serve its customers
Zheng Chang has made full use of various resources and means to minimise the impact of COVID-19 on its business and has resumed work and production.
Thursday, March 26, 2020
20,000 tonnes of frozen pork to be auctioned from China's state reserves
The China Merchandise Reserve Management Centre said an additional 20,000 tonnes of frozen pork will be auctioned on March 27, 2020, reported Reuters.
Thursday, March 26, 2020
China calls on local governments to store poultry and aquaculture products
The move is aimed at supporting the domestic agriculture sectors, which have been left reeling after the COVID-19 outbreak affected supplies and production, reported Reuters.
Wednesday, March 25, 2020
China-based WH Group reported 32% jump in 2019 profits
The world's biggest producer of pork said the surge in profits was due to record high pork prices in China, which increased its exports from the US and boosted its China sales margins, reported Reuters.
Wednesday, March 25, 2020
XJ-Bio implements preventive and control measures amid COVID-19 outbreak
The company's new measures ensure manufacturing and supply operations continue as normal to fulfill its orders and meet demand for XJ-Bio products.
Tuesday, March 24, 2020
China Lysine Weekly: Buyers limit lysine purchases (week ended Mar 23, 2020)
Prices of lysine remained firm in China, as producers limited production while the sales of animal feed were slow. Meanwhile, producers cut export price in a bid to stimulate demand while the global spreading of the Wuhan virus curtailed sa ...
Tuesday, March 24, 2020
China's pork imports rise 158% between January to February 2020
China's customs data showed pork imports hit 560,000 tonnes, a 158% increase as the country purchased additional pork in anticipation for the Lunar New Year celebrations, reported Reuters.
Tuesday, March 24, 2020
China Choline chloride prices weaken further (week ended Mar 23, 2020)
Choline chloride producers continued to lower prices while the costs of production stayed low. With prices lower and the production of aqua feed expanding, sales of choline chloride increased lately.
Tuesday, March 24, 2020
China Soymeal Weekly: Prices soar on dwindling availability (week ended Mar 23, 2020)
As soy imports were limited during March, several crushers halted operation resulting in tightened availability. Feed millers eagerly stocked soymeal inventories amid concerns that supplies might be scarce should soy shipments drop further.
Tuesday, March 24, 2020
China VD3 ingredient shortage fuels price rally (week ended Mar 23, 2020)
As supplies of raw ingredient gelatin were scarce due to the Wuhan virus pandemic, vitamin D3 production shrank significantly. Producers and traders withheld stock releases in view of tightening availability, resulting in soaring prices.
Monday, March 23, 2020
China removes clause that bans US poultry if avian influenza is discovered
Jim Sumner, USA Poultry & Egg Export Council president said China's policy change will mean China will purchase more US agriculture goods as part of its US-China Phase 1 trade deal pledge, reported Reuters.
Monday, March 23, 2020
China Corn Weekly: Steady demand holds up prices (week ended Mar 20, 2020)
Supplies of corn tightened as most farmers have released inventories earlier. Meanwhile, demand stayed firm as large grain companies such as Sinograin continued to stock inventories.Hence, even as poultry feed producers limited buying prude ...
Monday, March 23, 2020
China Fishmeal Weekly: High import cost, improved demand underpin prices (week ended Mar 20, 2020)
Demand for fishmeal from the aquaculture sector expanded, lending support to the market. Hence, even a port inventories increased 2.3% to 153,900 tonnes, traders lifted prices amid high import costs.
Friday, March 20, 2020
China's poultry and egg output this year on par with 2019
Wei Hongyang, a Ministry of Agriculture and Rural Affairs' animal husbandry and veterinary bureau official said production in 2020 is expected to be the same as last year, even with disruptions caused by COVID-19, reported Reuters.
Friday, March 20, 2020
China's pork producers reporting increased revenue amid COVID-19 outbreak
Companies such as Muyuan Foods said they are experiencing record revenues even with lower production volumes because of rising pork prices, reported Nikkei Asian Review.
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