Corn Products Market in China

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Corn Products Market in China
Market Reports On China
http//www.marketreportsonchina.com
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Summary
In April 2016, the Chinese government issues many
policies for corn industry. For instance, China
has canceled the purchase policy for temporary
storage which has been implemented for 8 years
and will set up subsidy policy and the minimum
purchase price to ensure producers' benefits. The
purchase policy of corn for temporary storage was
originally established to solve the sales
difficulty while finally resulted in .250 million
tonnes of corn inventory. In addition, the MOA
issued the China Agricultural Outlook Report
(2016-2025) on 23 April, estimating the planting
area, yield, consumption, price, import and
export of corn in the coming 10 years. In the
future, China will focus on reducing the planting
area and yield but increase the consumption and
import of corn.

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The prices of lysine, HFCS, and corn oil report
different degrees of declines affected by the
falling corn price. But the falling price of HFCS
increases its advantage in substituting cane
sugar. The cost advantage also boosts the sales
volume, from which some enterprises make profit.
For example, Baolingbao increased the sales
volume of HFCS with the help of the low price,
which contributed most to its revenue.
XiwangFoodstuffs's performance was also improved
by the falling product price. Nevertheless, the
price declines of some products drag down the
performance of some enterprises. China Starch
reported a YoY fall of 10.89 and a YoY fall of
14.80 in main businesses corn starch byproduct
of corn processing and fermentation downstream
product because of the falling product price.

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The import volume of corn rises sharply. Ukraine
replaces the USD as the largest import origin of
corn in China. What's more, Ukraine is expanding
its export share of corn in China. Notably,
influenced by the Spring Festival and the falling
corn price, China's import volumes of sorghum,
barley and other corn substitutes all
reduce. The USD/RMB exchange rate in this report
is USD1.00RMB6.4585 on 1 April, 2016, sourced
from the People's Bank of China. All the prices
mentioned in this report will include the VAT,
unless otherwise specified.

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Table Of Content

• 1gtContents
• 2gtHeadline
• 3gtEditor's Note
• 4gtGovernmental Direction
• 5gtChina officially cancels purchase policy of
  corn for temporary storage
• 6gtChina to reduce yield planting area but
  increase consumption export of corn
• 7gtMarket Dynamics
• 8gtChina's threonine price remains low for long
  time
• 9gtChina's market price of furfural bounces back
  in April

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