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New national standard raises attention to dairy corporations auditing again
According to new national standard of dairy industry, nearly half dairy manufacturers shut down in China on April. An expert thinks many small manufacturers are innocent. They never provide bad quality products but have to shut down because of higher access of scale and facilities. However, analyst of BOABC said the new standard raised the access helpful to enhance dairy quality overall, because audit failure is caused by poor efficiency and low capacity. In fact, the dairy production capacity has reached 90-100 million tons in China, but raw milk supply is merely 35 million tons. When the scale enhances, the product quality and profit can improve that will lead more funds to new product development and searching for better dairy resources. Therefore, the new standard would reduce irrational competition... |
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Pork futures having little impact on market
The Ministry of Commerce has recently stated that pork futures trading may be launched in 2012 in order to stabilize pork price.BOABC holds a dim view of pork futures trading, judging by the experimental hog and pork online trading and quasi-futures trading in the last few years... |
Urea producers’ profit squeezed by power price rise
From Dec. 1 on, the price of industrial use electricity rose RMB2.5 - 3.69/kw/hr. in some provinces. Calculating at power consumption of 1,000 kw/hr. for each ton of urea, the cost of urea increases RMB30/MT. Taking into account of regular power cut, urea production cost may increase RMB50/MT... |
Growing concentration of vegoil production
According to the National Bureau of Statistics, China’s medium and large vegoil producers numbered 1,841 by Sept. this year, 19% less than the same period of last year, suggesting growing concentration of production. The vegoil industry realized revenue of RMB514.7 billion and a profit of RMB16.65 billion from its kernel business in Jan. - Sept., up 30% and 36% respectively on the year-on-year basis... |
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| | Media Focus more>> |
Food output rose to a record 571 million tons BEIJING - China achieved another bumper agricultural harvest this year, the eighth consecutive year of growth for grain output and a record for food production, said the National Bureau of Statistics in a statement released on Friday.Agricultural experts said the bumper harvest will help ease...
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| | Monthly Key Research more>> |
In 2011 the profits of China’s livestock farming industry has seen a remarkable increase and the profit of hog farming is especially high due to the inadequate supply capacity. The price of hog breaks the historical record and has stayed in the high level for a long time. Chicken meat has played a more important as an alternative of pork in people’s lives...
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