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The year of 2010 is unusual to Chinese agriculture. We achieve bountiful harvest by conquering frequent disasters. Meanwhile, the prices for certain varieties of agricultural products fluctuate dramatically. In the year of 2010, we have so many stories, some good and some bad. In 2011, how to write more good stories? |
This time, Mr Huang Dejun, the general manager of BOABC will share his views with readers for exploring the path for Chinese agriculture development.
Achievements
In 2010, China conquered continuous weather disasters, drought, flood, extreme low temperature and heavy snow, and guarantee the harvest for seven successive years. The total grain yield reached 546.41 million tons, increased by 2.9% compared to the previous year; Although the increase of farmers’ income can not catch up with citizens’, the farmers’ income has kept increasing for six years...
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In 2010, we began to step into an era of grain prices rising. As the main three varieties, the prices of wheat, paddy and maize rose about 8%, 17.8% and 10% respectively. Also, due to the increase of agriculture cost, in addition to money speculation and induced inflation, agricultural future prices went up substantially. All makes the year 2010 is unusual to China.
In the year 2010, abnormal weather caused grain loss and followed with grain prices fluctuated. Due to drought, it is estimated that China lost about 16.8 billion kilo grains. And the frost in second half 2010 delayed the sales and purchase of autumn grain... |
2010 is an unusual year for China dairy industry, the rising cow feed prices, energy cost and labor cost lead to the milk price keeping high. From the cost performance we can see that China is becoming one of the countries having highest milk price in the world. The over high prices weaken the international competitiveness of Chinese dairy industry and add huge cost pressure on manufacturing industry which reduces the gross profits as a result. The high prices for raw-milk and milk-based ingredients cause the manufacturing companies seeking opportunities from the international market. In 2010, the imports of whole milk and skim milk powder from New Zealand are over 0.4 million tons which impacts the entire Chinese dairy industry...
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Chinese feed industry has been in a mature stage after more than 20 years’ developing. However the competitive market environment requires the industry transition process to speed up. The feed industry is facing a developing, competitive and selective trend.
Looking back 2010, the feed industry was full of ups and downs. In the first half year, the entire industry was in depression, but since July, the sales had increased more than 10 percent over five months, the net profit has raised 27 percent in the third quarter. BOABC gives the following analysis of feed industry situation in 2010... |
In 2010, with the good situation of production and exporting in the textile industry, the price went up, the demand for cotton had also increased, but the delayed to the market for new cotton sales and unbalanced supply and demand affected the cotton price all the way up.
The cotton price had rose from ￥10,000/MT to ￥3,2302/MT, BOABC estimated:
Firstly, the impact of the supply and demand was the basic factors of cotton price, the domestic cotton production remains at a low level for two... |
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key words :China agriculture, 2010 Review, 2011 Prospect
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Our heart sounds in 2010
The year 2010 just pasted. Facing natural disaster, agricultural prices rise, global economy recovering and other favorable environment and adverse influence in both domestic and foreign market, Chinese agriculture and food industry experienced a lot of twist and turns, also ups and downs. Perhaps everyone working in the industry has unforgettable stories in the year. After review success and failures in 2010, how do we sail out for a new journey in 2011? We invited several representative people to share their thoughts with the readers... |
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In fewer than seven years, ChemChina* has managed to become China’s largest chemical conglomerate (as well as a major investor in France). And its president, Ren Jianxin, hasn’t been shy about sharing his company’s strategy either, which is that growth at ChemChina will come from overseas mergers and acquisitions...
(Note: ChemChina is short for China National Chemical Corporation) This view is also shared by analysts at KPMG. A report by the firm predicts that China will surpass the US as the world’s largest chemical producer in 2015, but industry growth is likely to be acquisition driven, given the current low valuations of potential targets in the West, and particularly in Europe...
“Chinese agricultural chemical companies prefer the countries rich of resources but have poor infrastructures, such as southeast Asia and central Asia or the countries fully developed but lack funds and labour, such as Australia,” Xu Hongzhi, a senior analyst at Beijing Orient Agribusiness Consultant, told FT Tilt...
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