Pork import volume in Tianjin surges during first 8 months 2008
In the first 8 months of 2008, the pork import volume and value handled by Tianjin port soared by 19.6-fold and 31.7-fold on-year respectively to 54,000 tonnes and US$120 million, with the average import price surging by 62.1 percent on-year to US$2,157/tonne. The main reasons behind the soaring pork imports were the favorable policies and the fact that higher domestic pork prices have rendered Chinese pork less competitive than imported pork.
Shandong Xinchang collaborates with Tyson Foods
Shandong Xinchang Group Co., Ltd., a major reputable agricultural enterprise, recently formed a joint venture company with American Tyson Foods Inc. with RMB3.84 billion in joint investment. The joint venture will engage in feedstuff processing, poultry breeding, slaughtering, food processing and sales as well as other meat processing.
Shanghai resumes sale of certified White Rabbit cream candy
Weng Mao, general manager of Shanghai Guan Sheng Yuan Group Co., Ltd., announced on October 15th that after sales of the White Rabbit cream candy were suspended in China and abroad, the company has now put on the market candy made with certified milk powder. The first batch of more than 1,000 tonnes of White Rabbit cream candy has passed the inspection conducted by the relevant authorities.
Foreign investors to set up large hog breeding farm in Hefei, Anhui
A consulting company from New Zealand that engages in domestic animal breeding, information and biotech consulting and management recently expressed its intention to fund and establish an agricultural consulting and management company in Hefei, the capital city of China's Anhui province. The company said that it plans to establish a large pig breeding farm with annual output of 200,000 heads in Feixi County.
Guangdong rejects GM rapeseed meal from india for the first time
Guangdong recently rejected a batch of GM rapeseed meal from India that was imported via Guangzhou's Huangpu port for the first time. Imports of rapeseed meal from India accounts for more than 90 percent of China's total import of the protein meal; the imports via Huangpu port make up more than 35 percent of the total.
Prices of pork in Chengdu at its lowest level since beginning of 2008
Chengdu posted the lowest retail price for first-grade deboned pork since the beginning of this year at RMB10/500g, according to the latest monitoring reports dated October 15th. Following a steadily declining trend, the pork retail price has now touched its lowest point. Given the weakened live pig and piglet prices, market participants expect meat price to fall further in the near term.