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Monday, October 26, 2020
China Soymeal: 22% price surge since June (week ended Oct 26, 2020)
Demand for soymeal was firm as feed producers stocked inventories in view of expanding hog feed consumption and tight soymeal availability due to the disappointing soy harvests. Additionally, the costs of soymeal production are set to rise ...
Monday, October 26, 2020
US: China's imports of US agricultural goods at 71% of target of Phase 1 deal
The United States government said China has increased its purchases of US agricultural goods and executed 50 out of 57 technical commitments aimed at lowering barriers to US imports, based on the US-China Phase 1 trade deal signed earlier t ...
Monday, October 26, 2020
China imports 51% more soybeans year-on-year from Brazil in September
China's General Administration of Customs said the country had imported 51.4% more soybeans in September compared to the same month in 2019, as cargos bought earlier this year cleared customs, Reuters reported.
Monday, October 26, 2020
BRF and Marfig plants to resume exports to China
Brazil's Agriculture Ministry said China has authorised two factories owned by Brazilian meat processors BRF and Marfig to resume exports to China, after the plants were banned over COVID-19 outbreaks earlier this year, Reuters reported.
Thursday, October 22, 2020
China projects 30% higher pork supplies for Lunar New Year
A China agriculture official said pork supplies are expected to be 30% higher year-on-year for the upcoming Lunar New Year holidays, following efforts to rebuild a depleted swine herd, Reuters reported.
Wednesday, October 21, 2020
Impossible Foods expands to Singapore and Hong Kong grocery stores, possibly entering China
Impossible Foods' plant-based beef burgers will be sold in grocery stores in Singapore and Hong Kong from Oct 20, as it boosts is Asian presence gearing up for possible entry into the mainland China market, Reuters reported.
Wednesday, October 21, 2020
China Soymeal: Strong price surge amid supply concern, rising costs (week ended Oct 19, 2020)
Over the week, prices of CBOT November soy futures increased 2.3%.
Wednesday, October 21, 2020
China Methionine: Market remains quiet (week ended Oct 19, 2020)
Prices of methionine were mainly stable. Demand for poultry feed and hence methionine was limited after the long holidays due to high releases during September. Nevertheless, producers were reluctant to cut prices with profit margins thin.
Tuesday, October 20, 2020
Meyn's Rapid Plus M4.2 voted number one food processing machine at CIMIE, China
Meyn's Rapid Plus M4.2 was recently voted the number one food processing machine at the 18th China International Meat Industry Exhibition 2020 (CIMIE 2020).
Tuesday, October 20, 2020
China Corn: Prices unseen since May 2015 (week ended Oct 16, 2020)
Traders stocked inventories of corn eagerly in view of tight availability, hence supporting prices to move higher. Although newly harvested corn was ready for sale, supply was insufficient to meet demand due to low crop production.
Tuesday, October 20, 2020
China Biotin: High prices dampen buying interest (week ended Oct 12, 2020)
High prices of biotin continued to dampen buying interest, compelling producers to cut prices further Transacted prices in China slid to the range of RMB96.50-115/kg.
Monday, October 19, 2020
China's pork production up 18% year-on-year in third quarter
Based on Reuters calculations citing official data, China's pork production in the third quarter of this year increased 18% year-on-year to 8.4 million tonnes, showing signs that swine output is steadily recovering for the world's biggest s ...
Monday, October 19, 2020
Fonterra increases its farmgate milk price due to higher demand from China
New Zealand-based Fonterra Co-operative Group Ltd increased the price range it will pay farmers for milk due to higher demand from its most important market China, Reuters reported.
Thursday, October 15, 2020
China Niacin: Tight supply hold prices firm (week ended Oct 12, 2020)
Local prices of niacin remained stable while producers limited production. However, export prices moved higher due to the recent appreciation of renminbi.
Thursday, October 15, 2020
China VE: Market stays weak on soft demand (week ended Oct 12, 2020)
Demand for vitamin E was sluggish after the long holidays. Prices were under pressure even though two major producers, NHU and Zhejiang Pharmaceutical, halted price releases with stocks limited since late September.
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