China’s pork prices fall down before Chinese New Year
At below RMB14/kg (US$2.31/kg), prices of hogs, which constitute the cost of pork, have dropped to a breakeven point. Figures from National Bureau of Statistics show that in 24 provinces and provincial-level municipalities, hog prices slipped by 7.2% in the first 10 days of January, compared to the previous 10-day period.
On January 13, average hog prices in the country were recorded at RMB13.36/kg (US$2.21/kg), down 3.1% from the previous trading day. As a comparison, August hog prices across the nation had risen 13% since mid-May. The Economic Information Daily cited the analysis by Feng Yonghui, the chief analyst from a major hog and pork information aggregator in China, for the factors behind the usually low prices.
Feng says that in 2011 and 2012, China had an excess capacity after farmers jumped on the bandwagon of hog farming. The other reason was pork demand came late this year for the season. Demand in southern China recovered 20 days later than usual in late December, though winter is typically the peak season for pork consumption. The Chinese government's pork reserve policy, which is meant to prevent price fluctuations, was also a cause.
Michael Boddington from Asian Agribusiness Consulting (AAC) has been involved in agribusiness in Asia since 2000. AAC has office both in Vietnam Ho Chi Minh City and China Beijing. So AAC has a thorough understanding of the Viet Nam and China aqua industry and produces up-to-date research reports on the market. We can offer insights on supply and demand trends and comments on the future structure of Asian agribusiness. If you would like to know more please email This email address is being protected from spambots. You need JavaScript enabled to view it.This email address is being protected from spambots. You need JavaScript enabled to view it.
http://xumu.aweb.com.cn/20140120/628140.html
Muyang Group sales increased by 20-30% attributing to its new plant latter of 2013
On 1st, May of 2013 Muyang Group opened its new factory which is stated to be the world's largest feed machinery production and research base spending CNY 1.3 billion , located close to its current headquarters and production plant in Jiangsu, China. Muyang Group Senior Engineer, Group Vice President Wang, said that construction of the new factory was in strict accordance with world-class standards. And state of the art processing machinery was importing from countries such as Germany and Japan. Reporter said that latter half 2013, sales of feed machines increased by 20-30% attributing to the new plant and the group’s sales are expected to reach more than CNY 7 billion. The company estimates that production capacity will reach CNY 8-10 billion. At present, China has 10,000 feed mills with the number increasing quickly. With the new research and production facilities Muyang Group hope to be better positioning to meet the needs of the feed industry with advanced production equipment, and enhance the overall level of equipment in the feed industry. Muyang hopes that the construction of the new plant is a major step in the globalization of the Muyang Group, and are a solid foundation in the company reaching its target of CNY 20 billion by 2015. Michael Boddington from Asian Agribusiness Consulting (AAC) has been involved in agribusiness in Asia since 2000. AAC has office both in Vietnam Ho Chi Minh City and China Beijing. So AAC has a thorough understanding of the Viet Nam and China aqua industry and produces up-to-date research reports on the market. We can offer insights on supply and demand trends and comments on the future structure of Asian agribusiness. If you would like to know more please email This email address is being protected from spambots. You need JavaScript enabled to view it. http://spzx.foods1.com/show_2459653.htm
China Bright Dairy & Food Group Invest about CNY 450 million to Build Dairy Farm in Henan Province
On 2nd, January 2014, China Bright Dairy Group announced that its subsidy Shanghai Bright Holstan Co.,Ltd will invest CNY 450 million to build demonstration dairy farm in Anyang, Henan province on 2nd, Jan 2014.
This project will start from year 2014 and planed to accomplish in 2015, and expected to feed 10 thousand heads cattle and annual produce around 60 thousand tons raw milk.
It is worth mentioning that China Bright Dairy Group announced one month ago to invest CNY 248 million to build a demonstration dairy farm in Heilongjiang province. Industry expert pointed out that in the dairy industry, raw milk plays a key role, no milk sources means no market share in the future, especially from this year, raw milk sources become more and more important than ever. Most of the dairy farms of Bright Group are based in eastern China, but Bright want to get more market share so have to build dairy farms in different areas.
Michael Boddington from Asian Agribusiness Consulting (AAC) has been involved in agribusiness in Asia since 2000. AAC has office both in Vietnam Ho Chi Minh City and China Beijing. So AAC has a thorough understanding of the Viet Nam and China aqua industry and produces up-to-date research reports on the market. We can offer insights on supply and demand trends and comments on the future structure of Asian agribusiness. If you would like to know more please email This email address is being protected from spambots. You need JavaScript enabled to view it.
http://www.21food.cn/html/news/13/1140049.htm
Mengniu Launched “Future Star” Children Organic Milk
On 5th, January, 2014, Mengniu launched its new milk brand “future star” aimed to children milk market.
As the first domestic children milk brand, Mengniu Future Star milk has always been providing high quality children milk on the very strict standard, and this kind standard is being taken now as the industrial standard by authoritative institutes and the industrial players. Although children milk is a new area domestically, however, Mengniu Future Star milk takes the lead to explore and set the standard for the whole industry.
Sun Yiping, CEO of Menggui Dairy gave an address during the ceremony that each child has his own dream and Future Star will accompany them to realize their dreams.
Michael Boddington from Asian Agribusiness Consulting (AAC) has been involved in agribusiness in Asia since 2000. AAC has office both in Vietnam Ho Chi Minh City and China Beijing. So AAC has a thorough understanding of the Viet Nam and China aqua industry and produces up-to-date research reports on the market. We can offer insights on supply and demand trends and comments on the future structure of Asian agribusiness. If you would like to know more please email This email address is being protected from spambots. You need JavaScript enabled to view it.
http://wb.sznews.com/html/2014-01/06/content_2745084.htm