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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
Ireland temporarily suspends export of beef to China due to case of atypical BSE
Ireland has temporarily suspended the export of beef to China after a 14-year-old cow tested positive for atypical BSE (bovine spongiform encephalopathy), RTE reported. BSE, also known as mad cow disease, is a neurologic disease of cattle.
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 to sell 30,000 tonnes frozen pork from reserves
The China Merchandise Reserve Management Center stated on Tuesday that the country will auction 30,000 tonnes of frozen pork from its 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.
Wednesday, May 27, 2020
China Broiler Weekly: Hybrid broiler prices halved in six weeks (week ended May 22, 2020)
Demands for live chickens were tepid, sending prices of native broilers plunging amid excess supplies. Chick markets remained weak as farmers were reluctant to build inventories.
Wednesday, May 27, 2020
China Live Hog Weekly: Supply surge, demand drop sink prices (week ended May 22, 2020)
Hog releases increased substantially with inventories expanding, hence dragging prices tremendously lower amid weak demand for pork. As China's economic outlook looked grim, consumers cut the consumption of pork, which remained costly. Mean ...
Wednesday, May 27, 2020
China Methionine: Subdued demand drags down prices (week ended May 25, 2020)
Feed producers limited the purchases of methionine while the prices of poultry products were weak. Overseas demand softened as well as buyers who have stocked ample inventories withheld buying. Prices weakened with demand slackened and supp ...
Tuesday, May 26, 2020
China's April soybean imports nearly triple March volume
Customs data showed that China's soybean imports in April from top supplier Brazil rose 2.6% on-year, and almost triple from March arrivals, Reuters reported.
Tuesday, May 26, 2020
China imports record 400,000 tonnes of pork in April
China's customs data showed the country imported 140,000 tonnes of pork in April, a 170% increase compared to the year prior with buyers benefitting from the lower pork prices, Reuters reported.
Tuesday, May 26, 2020
China Corn Weekly: Prices soften as traders clear stocks (ended May 22, 2020)
Corn availability remained limited although traders attempted to clear stocks as the government is expected to release state reserves for auction soon. Demand wise, feed millers were less keen to stock inventories with transportation costs ...
Tuesday, May 26, 2020
China Fishmeal Weekly: Traders cut prices to move sales (week ended May 22, 2020)
As the sales of fishmeal were slow while the preliminary fish catch for the new season was high, traders negotiated prices in efforts to entice buyers. Port inventories of fishmeal decreased to 129,900 tonnes as more feed producers placed o ...
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