//21 Sep 2011
The United States has initiated the next step in the fight for better access to Chinese markets, by asking the World Trade Organization to look at Beijing's duties on the billion-dollar chicken trade.
"China must play by the rules," said US Trade Representative Ron Kirk, calling on the WTO to look into the one-year-old dispute - the first step toward possible sanctions.
US poultry industry response
In response the US poultry industry stated that it greatly appreciates the determination that Ambassador Kirk and his staff have shown to address this significant trade problem. The action being brought is a trade remedy case that challenges the method by which China determined that the product was allegedly sold as less than normal value, the National Chicken Council (NCC) and USA Poultry & Egg Export Council (USAPEEC) said in a joint statement.
The China case used “average cost of production” to determine normal value rather than using domestic US market prices for comparable sales as is customary in anti-dumping actions. The use of “average cost of production” reflects neither market realities nor the way in which companies in the industry commonly keep their accounts.
Methodology seriously flawed
The US poultry industry agrees that the Chinese methodology was seriously flawed and that the anti-dumping proceeding did not comply with international rules. The Chinese authorities also found that US poultry exports benefit from farm subsidies, such as support prices for corn and soybeans. The reality is that US poultry receives no government subsidies and does not benefit from any of the government crop programs.
In the statement by poultry industry representatives it was considered unfortunate that this dispute has to be addressed through the formal WTO process, but they believe that it is necessary that this incorrect methodology be challenged and that US trading rights guaranteed by WTO agreements be protected. The US industry also believes that this case will have direct implications for dumping cases that have previously been brought by other WTO Member countries that are also incorrectly based on an average cost of production methodology.
Two-way poultry trade
The US poultry industry has been cooperating with the Chinese industry and the Chinese government on other initiatives to improve conditions of two-way poultry trade that are unrelated to the issues being addressed in the case initiated. The industry’s commitment to those initiatives will continue and not be affected by the initiation of the WTO case.
Related websites:
USTR
NCC
USAPEEC
Showing posts with label China. Show all posts
Showing posts with label China. Show all posts
21 September 2011
Pfizer starts animal health jv in China
//20 Sep 2011
Animal health company Pfizer is aiming to boost sales of veterinary medicines in China - and its global dominance in the animal health business - via a joint venture with a Chinese startup company.
Pfizer said earlier this month that it has reached a deal to jointly develop, manufacture and sell vaccines for animals with Jilin Guoyuan Animal Health Company, based in Huinan, Jilin province, in China’s north east. This company was established in 2009 and is mainly engaged in R&D, manufacturing and sales of animal health biological products.
Joint venture
The joint venture, called Jilin Pfizer Guoyuan Animal Health, plans to start marketing its first product - a vaccine against a reproductive and respiratory condition pigs get - next year. Its main focus will be on innovative vaccines to help protect the health of China’s swine herd, although beef, dairy and poultry markets will also be targeted – perhaps even pets may also be included.
The animal vaccine market in China is valued at $800 million per year. The joint venture provides a strategic platform for growth in China, a $3.4 billion animal health market and the second largest worldwide with an expected compound annual growth rate of approximately 10%.
Global centre for innovation
“The Pfizer Guoyuan joint venture affirms our commitment to invest in and expand our research and development capabilities in China,” said Juan Ramón Alaix, president, Pfizer Animal Health. “We view China as a global centre for innovation. Guoyuan, with its strong vaccine development programme and scientific expertise, and newly completed manufacturing capacity in the Huinan Economic Development Zone in Jilin, makes the company the optimal partner for Pfizer Animal Health.”
Dr Hua Wu, General Manager of Jilin Guoyuan Animal Health Company, added that the new joint venture begins operations from a position of strength. “Pfizer complements Guoyuan with its world class R&D, manufacturing, regulatory and operational expertise, its founding leadership in the International Veterinary Collaboration for China, a Veterinary Alliance, as well as its growing field force and customer base in China. I believe that Pfizer Guoyuan is well positioned to become the leading innovator of animal health vaccines and the partner of choice for China’s rapidly expanding animal agriculture industries.”
Related website:
Pfizer
Animal health company Pfizer is aiming to boost sales of veterinary medicines in China - and its global dominance in the animal health business - via a joint venture with a Chinese startup company.
Pfizer said earlier this month that it has reached a deal to jointly develop, manufacture and sell vaccines for animals with Jilin Guoyuan Animal Health Company, based in Huinan, Jilin province, in China’s north east. This company was established in 2009 and is mainly engaged in R&D, manufacturing and sales of animal health biological products.
Joint venture
The joint venture, called Jilin Pfizer Guoyuan Animal Health, plans to start marketing its first product - a vaccine against a reproductive and respiratory condition pigs get - next year. Its main focus will be on innovative vaccines to help protect the health of China’s swine herd, although beef, dairy and poultry markets will also be targeted – perhaps even pets may also be included.
The animal vaccine market in China is valued at $800 million per year. The joint venture provides a strategic platform for growth in China, a $3.4 billion animal health market and the second largest worldwide with an expected compound annual growth rate of approximately 10%.
Global centre for innovation
“The Pfizer Guoyuan joint venture affirms our commitment to invest in and expand our research and development capabilities in China,” said Juan Ramón Alaix, president, Pfizer Animal Health. “We view China as a global centre for innovation. Guoyuan, with its strong vaccine development programme and scientific expertise, and newly completed manufacturing capacity in the Huinan Economic Development Zone in Jilin, makes the company the optimal partner for Pfizer Animal Health.”
Dr Hua Wu, General Manager of Jilin Guoyuan Animal Health Company, added that the new joint venture begins operations from a position of strength. “Pfizer complements Guoyuan with its world class R&D, manufacturing, regulatory and operational expertise, its founding leadership in the International Veterinary Collaboration for China, a Veterinary Alliance, as well as its growing field force and customer base in China. I believe that Pfizer Guoyuan is well positioned to become the leading innovator of animal health vaccines and the partner of choice for China’s rapidly expanding animal agriculture industries.”
Related website:
Pfizer
19 September 2011
China: record high corn crop expected
//16 Sep 2011
China’s corn crop this year is expected to reach a record high of more than 180 million tonnes, according to a senior expert from a State think tank.
However the fast-growing domestic demand for corn means that the bigger harvest is unlikely to offset the surging corn imports, which will probably show a "mild and stable increase" over the next few years, said Xu Xiaoqing, the director of the Department for Rural Economic Development at the Development Research Center of the State Council, a top State think tank.
"Despite natural disasters this year, it is still quite possible to achieve an increased corn yield. Weather permitting, this year's corn harvest could even beat expectations," Xu said in an exclusive interview with China Daily.
"But domestic demand for corn in animal feed and for processing is also growing rapidly. China will have a tight balance of corn in the domestic market for the next few years," he added.
A monthly forecast released in August by Grain.gov.cn, a website operated by the China National Grain and Oils Information Center, predicted corn production this year would rise to 182.5 million tonnes, up 3% on last year.
China uses 105 million tons of corn a year for animal feed, with another 60 million to 70 million tons used in the processing sector for such products as starch, citric acid and ethanol. Increased meat consumption in China has generated extra demand for corn as animal feed. Also, industrial demand for starch and ethanol is increasing, putting upward pressure on corn imports.
According to the General Administration of Customs, corn imports in 2010 were a record high of 1.57 million tonnes, 17.6 times that of the previous year. However imports accounted for less than 1%t of the nation's bulk domestic production, and the percentage is likely to remain very small, posing no challenge to the China's corn self-sufficiency, Xu said.
In July, China ordered 533,400 tons of corn from the United States, exceeding the US estimate of the country's corn imports for the whole year. China ordered another 55,900 tons of US corn in August.
China’s corn crop this year is expected to reach a record high of more than 180 million tonnes, according to a senior expert from a State think tank.
However the fast-growing domestic demand for corn means that the bigger harvest is unlikely to offset the surging corn imports, which will probably show a "mild and stable increase" over the next few years, said Xu Xiaoqing, the director of the Department for Rural Economic Development at the Development Research Center of the State Council, a top State think tank.
"Despite natural disasters this year, it is still quite possible to achieve an increased corn yield. Weather permitting, this year's corn harvest could even beat expectations," Xu said in an exclusive interview with China Daily.
"But domestic demand for corn in animal feed and for processing is also growing rapidly. China will have a tight balance of corn in the domestic market for the next few years," he added.
A monthly forecast released in August by Grain.gov.cn, a website operated by the China National Grain and Oils Information Center, predicted corn production this year would rise to 182.5 million tonnes, up 3% on last year.
China uses 105 million tons of corn a year for animal feed, with another 60 million to 70 million tons used in the processing sector for such products as starch, citric acid and ethanol. Increased meat consumption in China has generated extra demand for corn as animal feed. Also, industrial demand for starch and ethanol is increasing, putting upward pressure on corn imports.
According to the General Administration of Customs, corn imports in 2010 were a record high of 1.57 million tonnes, 17.6 times that of the previous year. However imports accounted for less than 1%t of the nation's bulk domestic production, and the percentage is likely to remain very small, posing no challenge to the China's corn self-sufficiency, Xu said.
In July, China ordered 533,400 tons of corn from the United States, exceeding the US estimate of the country's corn imports for the whole year. China ordered another 55,900 tons of US corn in August.
24 August 2011
Animal vaccination growing industry in China
//23 Aug 2011
China's animal vaccine industry has been growing fast. The market maintained an average annual growth rate of 13.6% in 2006-2010, and reached around RMB 7.5 billion in 2010, up 21.0% YoY, according to a new report published by Research and Markets.
With the increase of state investment in animal epidemic funds, the expansion of compulsory immunization against animal epidemics and immunization, and the strengthening of China livestock breeding industry standardization, China's animal vaccine industry is expected to continue to maintain a relatively high growth momentum in future, the report "China Animal Vaccine Industry Report, 2010-2011" states.
Although there are nearly 60 animal vaccine manufacturers in China, the market share is concentrated in the hands of a few enterprises. CAHIC, Yebio QD, Guangdong Dahuanong Animal Health Products, Tecon and Chengdu Tech-Bank are representatives of the Chinese animal vaccine industry, accounting for a market share of 37.4%. Sales of these companies mainly come from the government procurement of compulsory vaccines, wherein, the revenue from government compulsory vaccines accounted for 88% of the total animal vaccine revenue of CAHIC in 2010.
According to China's compulsory immunization plan against animal epidemics in the past three years, China not only expands the application scope of the existing animal immunization products, but also attaches great importance to the upgrading of animal vaccine products at the same time.
In recent years, the scope of China's animal compulsory vaccinations scheme is being gradually expanded. Constrained by economic conditions, the compulsory immunization against animal epidemics currently only contains five kinds of Epidemics of Class I, while there are about 17 kinds of epidemics of Class I in China and other epidemics lead to greater risk as well. With the increasing recognition of animal epidemic prevention and control from breeding enterprises and individuals, the future demand for conventional self-pay vaccinations will be further enhanced. As China's livestock breeding relies mainly on raising pig and poultry, Newcastle disease vaccines and porcine circovirus vaccines will be two conventional vaccines with good market prospects.
China's animal vaccine industry has been growing fast. The market maintained an average annual growth rate of 13.6% in 2006-2010, and reached around RMB 7.5 billion in 2010, up 21.0% YoY, according to a new report published by Research and Markets.
With the increase of state investment in animal epidemic funds, the expansion of compulsory immunization against animal epidemics and immunization, and the strengthening of China livestock breeding industry standardization, China's animal vaccine industry is expected to continue to maintain a relatively high growth momentum in future, the report "China Animal Vaccine Industry Report, 2010-2011" states.
Although there are nearly 60 animal vaccine manufacturers in China, the market share is concentrated in the hands of a few enterprises. CAHIC, Yebio QD, Guangdong Dahuanong Animal Health Products, Tecon and Chengdu Tech-Bank are representatives of the Chinese animal vaccine industry, accounting for a market share of 37.4%. Sales of these companies mainly come from the government procurement of compulsory vaccines, wherein, the revenue from government compulsory vaccines accounted for 88% of the total animal vaccine revenue of CAHIC in 2010.
According to China's compulsory immunization plan against animal epidemics in the past three years, China not only expands the application scope of the existing animal immunization products, but also attaches great importance to the upgrading of animal vaccine products at the same time.
In recent years, the scope of China's animal compulsory vaccinations scheme is being gradually expanded. Constrained by economic conditions, the compulsory immunization against animal epidemics currently only contains five kinds of Epidemics of Class I, while there are about 17 kinds of epidemics of Class I in China and other epidemics lead to greater risk as well. With the increasing recognition of animal epidemic prevention and control from breeding enterprises and individuals, the future demand for conventional self-pay vaccinations will be further enhanced. As China's livestock breeding relies mainly on raising pig and poultry, Newcastle disease vaccines and porcine circovirus vaccines will be two conventional vaccines with good market prospects.
21 August 2011
China – pork prices remain the same
//18 Aug 2011
It seems that pork prices in China have remained unchanged...
The Ministry of Commerce stated that for the week ending 7 August – China saw pork prices that remained unaffected.
This comes after a decline was seen for two weeks. Sky-rocketing pork prices have been a massive concern in the country.
It seems that pork prices in China have remained unchanged...
The Ministry of Commerce stated that for the week ending 7 August – China saw pork prices that remained unaffected.
This comes after a decline was seen for two weeks. Sky-rocketing pork prices have been a massive concern in the country.
China may pull in more pork imports
//19 Aug 2011
The price of pork in China has been a major concern lately. If prices continue to increase then the country will opt to increase pork imports. For the first six months of 2011, the US exported 16 times more pork to China compared to the same period last year.
Currently, the US is keeping an eye on China’s import decisions – as this will allow even more exports from the US into China.
According to reports, wholesale pork prices in China were up 0.1% last week compared with a week earlier, after posting three straight weeks of flat or lower prices.
'The country will continue to see high pork prices in the next few months of the year,' Wang Jimin, said deputy director of the agricultural economics and development institute at the Chinese Academy of Agricultural Sciences. 'The central government may consider importing more pork in the future, especially when the country has been harmed by long-term increases in pork prices.'
Source: guococap.com
The price of pork in China has been a major concern lately. If prices continue to increase then the country will opt to increase pork imports. For the first six months of 2011, the US exported 16 times more pork to China compared to the same period last year.
Currently, the US is keeping an eye on China’s import decisions – as this will allow even more exports from the US into China.
According to reports, wholesale pork prices in China were up 0.1% last week compared with a week earlier, after posting three straight weeks of flat or lower prices.
'The country will continue to see high pork prices in the next few months of the year,' Wang Jimin, said deputy director of the agricultural economics and development institute at the Chinese Academy of Agricultural Sciences. 'The central government may consider importing more pork in the future, especially when the country has been harmed by long-term increases in pork prices.'
Source: guococap.com
14 August 2011
More jailed over illegal clenbuterol-tainted pork in China
//12 Aug 2011
It has been reported that an additional seven people were sentenced in reference to the clenbuterol tainted pork scandal which occurred recently. China’s Henan Province handed down sentences to the seven people ranging from 1 to 10 years. They were said to have sold the illegal pig feed additive clenbuterol to farmers since 2009.
In addition, the sentenced were also slapped with fines amounting between 1,000 yuan ($156) to 28,000 yuan ($4,377).
Initial arrests
In previous arrests at the end of July, five people who received sentences by the Chinese court are clenbuterol producer, Liu Xiang, who was handed a death sentence with a two-year reprieve. His wife, Liu Honglin, who was found to be an accomplice, was sentenced to nine years for buying raw materials he used in making the pig feed additive. Xi Zhongjie was sentenced to life in prison. Xiao Bing to 15 years and Chen Yuwei to 14 years. Also, three former food safety officials were sentenced for 5 – 6 years for dereliction of duty.
Clenbuterol is harmful to humans, promotes lean meat in pig production and reels in higher pig meat prices in China. The additive also allows meat to get to market sooner.
China has been in the spotlight before regarding tainted pork meat – in March this year it was found that Jiyuan Shuanghui, a subsidiary company of Shuagnhui Group, used clenbuterol tainted-pork. Many retailers as a result recalled products affiliated with the subsidiary. Wan Long, chairman of the board at Shuanghui Group, has apologised to consumers on behalf of the company.
Source: Philstar.com
It has been reported that an additional seven people were sentenced in reference to the clenbuterol tainted pork scandal which occurred recently. China’s Henan Province handed down sentences to the seven people ranging from 1 to 10 years. They were said to have sold the illegal pig feed additive clenbuterol to farmers since 2009.
In addition, the sentenced were also slapped with fines amounting between 1,000 yuan ($156) to 28,000 yuan ($4,377).
Initial arrests
In previous arrests at the end of July, five people who received sentences by the Chinese court are clenbuterol producer, Liu Xiang, who was handed a death sentence with a two-year reprieve. His wife, Liu Honglin, who was found to be an accomplice, was sentenced to nine years for buying raw materials he used in making the pig feed additive. Xi Zhongjie was sentenced to life in prison. Xiao Bing to 15 years and Chen Yuwei to 14 years. Also, three former food safety officials were sentenced for 5 – 6 years for dereliction of duty.
Clenbuterol is harmful to humans, promotes lean meat in pig production and reels in higher pig meat prices in China. The additive also allows meat to get to market sooner.
China has been in the spotlight before regarding tainted pork meat – in March this year it was found that Jiyuan Shuanghui, a subsidiary company of Shuagnhui Group, used clenbuterol tainted-pork. Many retailers as a result recalled products affiliated with the subsidiary. Wan Long, chairman of the board at Shuanghui Group, has apologised to consumers on behalf of the company.
Source: Philstar.com
31 July 2011
China: Pork prices decrease
//27 Jul 2011
According to the Ministry of Commerce (MOC), China’s pork prices dropped 0.2 percent.
It is the first weekly price drop since May. The drop occurred the week ending July 24.
Zhou Wanjun, from the National Development and Reform Commission, expects pig prices to stabilise by the Spring Festival next year.
China has recently seen a major increase in food prices, also increased pork prices have been an issue. It was revealed that pork prices in June this year climbed 57.1 year-on-year.
Source: China Daily
According to the Ministry of Commerce (MOC), China’s pork prices dropped 0.2 percent.
It is the first weekly price drop since May. The drop occurred the week ending July 24.
Zhou Wanjun, from the National Development and Reform Commission, expects pig prices to stabilise by the Spring Festival next year.
China has recently seen a major increase in food prices, also increased pork prices have been an issue. It was revealed that pork prices in June this year climbed 57.1 year-on-year.
Source: China Daily
28 July 2011
Death penalty given in clenbuterol case in China
//27 Jul 2011
A Chinese court has sentenced five people from a feed premix company in Fujian province, that were arrested and charged with supplying clenbuterol. One received a suspended death penalty.
The Intermediate People's Court of Jiaozuo, in Henan province, found the defendants guilty of "endangering public security by using dangerous means". The five people who received sentences by the Chinese court are clenbuterol producer, Liu Xiang, who was handed a death sentence with a two-year reprieve. His wife, Liu Honglin, who was found to be an accomplice, was sentenced to nine years for buying raw materials he used in making the pig feed additive. Xi Zhongjie was sentenced to life in prison. Xiao Bing to 15 years and Chen Yuwei to 14 years.
If was found that the accused produced and sold lean meat powder despite it being harmful. The accused distributed the substance in Henan, Shandong and Jiangsu provinces and five other provincial regions.
Liu Xiang and Xi produced and sold 2,700 kilogrammes of the additive, making profit of 2.5 million yuan ($387,000); Chen Yuwei, Zhengzhou-based, capital of Henan province, sold more than 600 kilogrammes, with a profit of 700,000 yuan; and that Xiao Bing, based in Luoyang, Henan, sold 1,300 kilogrammes,making over 600,000 yuan.
The accused stated that there were no reports in which consumers got ill as a result of eating clenbuterol-tainted meat.
Clenbuterol, an additive known as "lean meat powder", is used in pig feed to speed up muscle building and fat-burning, resulting in leaner pork.
However, humans eating food containing clenbuterol can suffer nausea, headaches, limb tremors and can even cause cancer.
Banned in feed and water
The Chinese Ministry of Agriculture banned the use of Phenylethanolamine A in feed or animal drinking water at the end of last year.
It also announced in April that it will cooperate with eight ministries and commissions to launch a one-year crackdown on toxic additives.
In a separate case, police in Sichuan province on July 3 cracked a case involving the sale of 12,399 kilograms of clenbuterol. The haul was valued at 15.8 million yuan ($2.45 million), the biggest so far.
Source: Photo: China Daily
A Chinese court has sentenced five people from a feed premix company in Fujian province, that were arrested and charged with supplying clenbuterol. One received a suspended death penalty.
The Intermediate People's Court of Jiaozuo, in Henan province, found the defendants guilty of "endangering public security by using dangerous means". The five people who received sentences by the Chinese court are clenbuterol producer, Liu Xiang, who was handed a death sentence with a two-year reprieve. His wife, Liu Honglin, who was found to be an accomplice, was sentenced to nine years for buying raw materials he used in making the pig feed additive. Xi Zhongjie was sentenced to life in prison. Xiao Bing to 15 years and Chen Yuwei to 14 years.
If was found that the accused produced and sold lean meat powder despite it being harmful. The accused distributed the substance in Henan, Shandong and Jiangsu provinces and five other provincial regions.
Liu Xiang and Xi produced and sold 2,700 kilogrammes of the additive, making profit of 2.5 million yuan ($387,000); Chen Yuwei, Zhengzhou-based, capital of Henan province, sold more than 600 kilogrammes, with a profit of 700,000 yuan; and that Xiao Bing, based in Luoyang, Henan, sold 1,300 kilogrammes,making over 600,000 yuan.
The accused stated that there were no reports in which consumers got ill as a result of eating clenbuterol-tainted meat.
Clenbuterol, an additive known as "lean meat powder", is used in pig feed to speed up muscle building and fat-burning, resulting in leaner pork.
However, humans eating food containing clenbuterol can suffer nausea, headaches, limb tremors and can even cause cancer.
Banned in feed and water
The Chinese Ministry of Agriculture banned the use of Phenylethanolamine A in feed or animal drinking water at the end of last year.
It also announced in April that it will cooperate with eight ministries and commissions to launch a one-year crackdown on toxic additives.
In a separate case, police in Sichuan province on July 3 cracked a case involving the sale of 12,399 kilograms of clenbuterol. The haul was valued at 15.8 million yuan ($2.45 million), the biggest so far.
Source: Photo: China Daily
China: Pork prices decrease
//27 Jul 2011
According to the Ministry of Commerce (MOC), China’s pork prices dropped 0.2 percent.
It is the first weekly price drop since May. The drop occurred the week ending July 24.
Zhou Wanjun, from the National Development and Reform Commission, expects pig prices to stabilise by the Spring Festival next year.
China has recently seen a major increase in food prices, also increased pork prices have been an issue. It was revealed that pork prices in June this year climbed 57.1 year-on-year.
Source: China Daily
According to the Ministry of Commerce (MOC), China’s pork prices dropped 0.2 percent.
It is the first weekly price drop since May. The drop occurred the week ending July 24.
Zhou Wanjun, from the National Development and Reform Commission, expects pig prices to stabilise by the Spring Festival next year.
China has recently seen a major increase in food prices, also increased pork prices have been an issue. It was revealed that pork prices in June this year climbed 57.1 year-on-year.
Source: China Daily
14 July 2011
China: Pork prices continue to rise
//11 Jul 2011
Sen Yu International Holdings, Inc., a commercial hog breeder and supplier in Heilongjiang Province, China, commented today that rising pork prices are expected to help increase breeders' profits and support growth as farmers are encouraged to replenish hog stocks and increase supply.
The average wholesale price of pork reached 24.8 yuan ($3.86) a kilogram last Tuesday, July 5, at the Beijing Xinfadi Farm Product Wholesale Market, a three-year high since the middle of 2008, according to a report from China's Global Times on July 6, 2011. The average price of lean pork between June 21 and June 30 reached 30.58 yuan a kilogram, 5.3% higher than that of June 11 to June 20. The price of pork belly rose by 5.4% during the same period, the largest increase since early February, according to data from the National Bureau of Statistics on food prices in 50 Chinese cities as of Monday, July 4, 2011.
Prices keep rising
Observers believe that pork prices will keep rising until the end of the year. Higher prices are being driven by insufficient pork stock and a pig epidemic from late 2010 to early 2011 and are also linked to an increase in the price of corn, which accounts for roughly 60% of pig feed. After the Chinese New Year, supplies of pork diminished as most stored pork was sold during this peak season. June is typically the low season for pork sales and a time to replenish pork stock, which has contributed to tightening pork supply. As the hog breeding industry requires a period of production cycle recovery, it is expected that pork prices will remain stubbornly high in the near term. Pork accounts for roughly 65% of China's meat consumption.
"In the near term, higher pork prices will lead to increased profits for breeders," commented Mr. Zhenyu (Jack) Shang, Founder, Chairman and CEO of Sen Yu International Holdings, Inc.
"Sen Yu has a well-established brand and is the leading commercial hog breeder and supplier in Heilongjiang Province. Under our partnership-based business model, this could increase the number of hog farmers that we work with while the increases in average prices of commercial hogs support higher revenue, gross profit and increases in gross margins that we have experienced. Though we expect pork prices to fluctuate over time as increases in supply come into the market, we believe that China's economic expansion and rising middle class with its taste for high quality pork will continue to spur demand for our superior quality breeding and commercial hogs for the long term."
Sen Yu International Holdings, Inc., a commercial hog breeder and supplier in Heilongjiang Province, China, commented today that rising pork prices are expected to help increase breeders' profits and support growth as farmers are encouraged to replenish hog stocks and increase supply.
The average wholesale price of pork reached 24.8 yuan ($3.86) a kilogram last Tuesday, July 5, at the Beijing Xinfadi Farm Product Wholesale Market, a three-year high since the middle of 2008, according to a report from China's Global Times on July 6, 2011. The average price of lean pork between June 21 and June 30 reached 30.58 yuan a kilogram, 5.3% higher than that of June 11 to June 20. The price of pork belly rose by 5.4% during the same period, the largest increase since early February, according to data from the National Bureau of Statistics on food prices in 50 Chinese cities as of Monday, July 4, 2011.
Prices keep rising
Observers believe that pork prices will keep rising until the end of the year. Higher prices are being driven by insufficient pork stock and a pig epidemic from late 2010 to early 2011 and are also linked to an increase in the price of corn, which accounts for roughly 60% of pig feed. After the Chinese New Year, supplies of pork diminished as most stored pork was sold during this peak season. June is typically the low season for pork sales and a time to replenish pork stock, which has contributed to tightening pork supply. As the hog breeding industry requires a period of production cycle recovery, it is expected that pork prices will remain stubbornly high in the near term. Pork accounts for roughly 65% of China's meat consumption.
"In the near term, higher pork prices will lead to increased profits for breeders," commented Mr. Zhenyu (Jack) Shang, Founder, Chairman and CEO of Sen Yu International Holdings, Inc.
"Sen Yu has a well-established brand and is the leading commercial hog breeder and supplier in Heilongjiang Province. Under our partnership-based business model, this could increase the number of hog farmers that we work with while the increases in average prices of commercial hogs support higher revenue, gross profit and increases in gross margins that we have experienced. Though we expect pork prices to fluctuate over time as increases in supply come into the market, we believe that China's economic expansion and rising middle class with its taste for high quality pork will continue to spur demand for our superior quality breeding and commercial hogs for the long term."
24 June 2011
China's grain reserves free from contamination
//23 Jun 2011
China has conducted a nationwide inspection of its grain reserves and found them safe for consumption, a senior official of the State Administration of Grain (SAG) said.
According to a statement by SAG deputy head Zeng Liying, the inspection indicates that the state's grain reserves are "well-preserved" and grain inventory is trustworthy.
During the inspection, which was conducted over the first half of last year, 5,370 samples were taken from 1,157 grain depots nationwide. Inspectors checked the samples for contaminants such as pesticide residue, heavy metals and mycotoxins. The results showed that 97.3% of the samples were found to be of "safe" quality.
The announcement came as the country increased efforts to reap summer grains in 2011 while some of its grain production provinces are plaguing by a lingering drought and deadly floods.
The country's grain output rose 2.9% year-on-year in 2010 to reach 546.41 million metric tonnes, marking the seventh consecutive year of growth.
Another inspection, this time of wheat reserves that were purchased in 2010 summer in provinces of Jiangsu, Anhui, Hubei and Henan, found that 1,656 of the inspection's 5,378 samples contained an excessive amount of mycotoxins, according to the SAG statement.
A total of 1.75 million metric tons of contaminated wheat was sealed up to prevent the spread of mycotoxins, the statement said. The administration did not mention whether contaminated grain reserves were found elsewhere
China has conducted a nationwide inspection of its grain reserves and found them safe for consumption, a senior official of the State Administration of Grain (SAG) said.
According to a statement by SAG deputy head Zeng Liying, the inspection indicates that the state's grain reserves are "well-preserved" and grain inventory is trustworthy.
During the inspection, which was conducted over the first half of last year, 5,370 samples were taken from 1,157 grain depots nationwide. Inspectors checked the samples for contaminants such as pesticide residue, heavy metals and mycotoxins. The results showed that 97.3% of the samples were found to be of "safe" quality.
The announcement came as the country increased efforts to reap summer grains in 2011 while some of its grain production provinces are plaguing by a lingering drought and deadly floods.
The country's grain output rose 2.9% year-on-year in 2010 to reach 546.41 million metric tonnes, marking the seventh consecutive year of growth.
Another inspection, this time of wheat reserves that were purchased in 2010 summer in provinces of Jiangsu, Anhui, Hubei and Henan, found that 1,656 of the inspection's 5,378 samples contained an excessive amount of mycotoxins, according to the SAG statement.
A total of 1.75 million metric tons of contaminated wheat was sealed up to prevent the spread of mycotoxins, the statement said. The administration did not mention whether contaminated grain reserves were found elsewhere
11 May 2011
China facing new poultry scandal
//11 May 2011
Almost a thousand live chickens filled with mineral powder to increase their weights have been found in China, becoming the latest food scandal in the country.
The chickens were found in Southwest China's Chongqing municipality during a raid jointly conducted by several local authorities while they were being transported from Guizhou province on early Sunday morning.
When officers stopped two trucks carrying suspected chickens at the toll stations of the Chongqing-Guizhou highway, the officers noticed that the chickens' craws were abnormally plump and asked the drivers to hand over several of the chickens for testing.
The owners of the livestock confessed to the inspectors that each of the birds had been fed from 300 to 400 grams of barite powder. Barite powder is mostly used to add weight to oil drilling mud, to deflect X-rays in medical science, as a material in the brakes of vehicles and in high-quality paints.
The chickens had been purchased from Zunyi, a city in Guizhou province. The chickens were seized, and the case is under further investigation.
Source: Xinhua
Almost a thousand live chickens filled with mineral powder to increase their weights have been found in China, becoming the latest food scandal in the country.
The chickens were found in Southwest China's Chongqing municipality during a raid jointly conducted by several local authorities while they were being transported from Guizhou province on early Sunday morning.
When officers stopped two trucks carrying suspected chickens at the toll stations of the Chongqing-Guizhou highway, the officers noticed that the chickens' craws were abnormally plump and asked the drivers to hand over several of the chickens for testing.
The owners of the livestock confessed to the inspectors that each of the birds had been fed from 300 to 400 grams of barite powder. Barite powder is mostly used to add weight to oil drilling mud, to deflect X-rays in medical science, as a material in the brakes of vehicles and in high-quality paints.
The chickens had been purchased from Zunyi, a city in Guizhou province. The chickens were seized, and the case is under further investigation.
Source: Xinhua
29 March 2011
JSR breeding pigs make it to China
//29 Mar 2011
Over eight-hundred high health, genetically advanced breeding pigs have successfully touched down in China this week. The animals were transported from the UK onboard a specially chartered 747 aircraft on behalf of JSR Genetics.
The pigs are the first shipment to Guangzhou Animal Husbandry Company (GZAH), based in Guangzhou province, which will stock a new breeding Nucleus farm. The pigs were JSR Genepacker GGP Gilts and JSR Geneconverter GGP Boars, and all arrived safely into their Chinese isolation.
“This is a great success for JSR and the start of a long business relationship with GZAH” comments Paul Anderson, International Sales Director, JSR. “Following the signing of the contract in Beijing in November 2010, attended by Vince Cable, UK Business Secretary, a lot of work has been put in to ensure we delivered successfully on the contract.”
The pigs were accompanied by Darren Farnsworth, JSR’s Export Coordinator. “The flight went very much to plan; the pigs were delivered on time, safely and in good health. We are especially thankful to DEFRA for helping to negotiate some last minute issues with the Chinese authorities.” This was the first shipment of British pigs delivered under the new, more demanding Chinese health certificate.
China is home to half the world’s pigs and pork consumption is growing as the Chinese choose to eat more meat. This is therefore the most important world market for JSR and will be the major source of growth for the Company over the next 10 years.
Mr Wen Wei Long of the Guangzhou Animal Husbandry Company comments, “We are satisfied that JSR not only provide world class genetics but also the on-going technological support we need to fully realise the potential of our investment here in Guangzhou.”
For more information www.jsr.co.uk
Over eight-hundred high health, genetically advanced breeding pigs have successfully touched down in China this week. The animals were transported from the UK onboard a specially chartered 747 aircraft on behalf of JSR Genetics.
The pigs are the first shipment to Guangzhou Animal Husbandry Company (GZAH), based in Guangzhou province, which will stock a new breeding Nucleus farm. The pigs were JSR Genepacker GGP Gilts and JSR Geneconverter GGP Boars, and all arrived safely into their Chinese isolation.
“This is a great success for JSR and the start of a long business relationship with GZAH” comments Paul Anderson, International Sales Director, JSR. “Following the signing of the contract in Beijing in November 2010, attended by Vince Cable, UK Business Secretary, a lot of work has been put in to ensure we delivered successfully on the contract.”
The pigs were accompanied by Darren Farnsworth, JSR’s Export Coordinator. “The flight went very much to plan; the pigs were delivered on time, safely and in good health. We are especially thankful to DEFRA for helping to negotiate some last minute issues with the Chinese authorities.” This was the first shipment of British pigs delivered under the new, more demanding Chinese health certificate.
China is home to half the world’s pigs and pork consumption is growing as the Chinese choose to eat more meat. This is therefore the most important world market for JSR and will be the major source of growth for the Company over the next 10 years.
Mr Wen Wei Long of the Guangzhou Animal Husbandry Company comments, “We are satisfied that JSR not only provide world class genetics but also the on-going technological support we need to fully realise the potential of our investment here in Guangzhou.”
For more information www.jsr.co.uk
21 March 2011
China continues recall following banned feed additive found in pigs 21 Mar 2011
Supermarkets across China were busy recalling meat products over the weekend and removing items from the shelves following the discovery of a banned feed additive found in pork produced by an affiliate of the country's largest meat processor.
Meat products branded as Shineway in English that were processed by the Henan-based Jiyuan Shuanghui Food Co Ltd were found last week to contain clenbuterol, a chemical that is dangerous to humans.
Meat products branded as Shineway in English that were processed by the Henan-based Jiyuan Shuanghui Food Co Ltd were found last week to contain clenbuterol, a chemical that is dangerous to humans.
Subscribe to:
Posts (Atom)