Corn Products China News 1701

NEW YORK, Feb. 15, 2017 /PRNewswire/ -- Editor's Note

Welcome to the Jan. Issue of Corn Products China News.

This newsletter will help you stay ahead of the game in this fast-changing market with real-time reporting on the entire corn products industry chain, from grain markets to the downstream food and feed markets. It includes breaking news from China and abroad, the latest market data (price, import & export, production, consumption, operating rates, etc.), in-depth analysis of market trends, Chinese government policy, performance of leading Chinese producers, M&A, new technologies, and expert commentary from industry insiders.

In 2017, China's market price of corn continues the downtrend. The price averaged USD266.08/t (RMB1,571/t) in Jan., down 26.92% YoY.

The sliding corn price reduced the advantage of imported corn. In Jan.-Nov. 2016, corn import volume down by 33.8% YoY. So did the import volumes of corn substitutes. Affected by policy and price factors, the previous promising import business of corn substitutes will no longer exist.

The MOC finalized the anti-dumping and anti-subsidy duties on imported DDGS from the US. This move will further reduce Chinese DDGS import volume, strengthen demand for corn and soybean meal and stimulate the supply of alcohol.

Downstream corn starch sector was also benefited. Now, demand for starch mounts in China. Coupled with the corn deep processing subsidy and growth of export, the sector is in an uptrend. However, the falling corn price also reduced downstream product prices. For example, the MSG price hit record lows continuously. Meanwhile, the increase cpacity may trigger out an integration in the MSG industry again.

Besides, pig feed companies also made adjustments in their prices. In early 2017, leading pig feed companies cut prices in succession. Thanks to this, production cost of live pig farming reduced. Pig farming companies moved their businesses to inland areas due to government policies. As the industry moves forward, the Chinese government will have greater confidence in industry regulation, and the "pork cycle" could be restrained.

Corn China News is a monthly published newsletter, which can be downloaded in PDF format. The subscription mode for this newsletter is yearly and the subscriber will receive 12 issues per year.

Headlines
The Hubei Plants Protection Station published the 2017 key pesticides and equipment for promotion.
2017 will witness ups in demand for fungicide and herbicide while downs in insecticide and acaricide in Hubei Province.
Monsanto announced 2017 updates on progress made across its R&D pipeline. The company's commitment to this annual pipeline showcase is founded in a dedication to innovations that support farmers as they work to meet the needs of society while using natural resources more efficiently. The company's industry-leading pipeline integrates seeds, traits, crop protection and data science to support growers by mitigating challenges posed by weeds, insects, diseases and environmental shifts resulting from climate change each season.
Agriaviation is now becoming a hot spot in the pesticide industry in China. Kunshan Longzhixiang, a joint venture with a registered capital of USD1 million, co-established by Jiangsu Rotam and Taiwan Geosat, was founded on 28 Dec., 2016 in Kunshan.
China released the 2016 National Food Safety Standards on MRLs for Pesticides in Foods, which specified 4,140 MRLs for 433 pesticides in 13 categories of agricultural products, with an increase of 490 limits compared with the 2014 version, covering almost all kinds of commonly-used pesticides and major agricultural products.

On 6 Dec., 2016, the 15th Anniversary Celebration of Cuikang & the Listing Conference for Cuikang Bichong cohosted by Guangdong Tianhe and Yara was held in Guangzhou. In 2009, Guangdong Tianhe took over the national exclusive distribution right of Cuikang, and proceeded with Yara this cooperation agreement of national exclusive distribution right again for another 5 years ever since 2011, which fully fulfilled the aspiration of cooperative partner for the long-term proxy and stable product promotion.

On 12 Dec., 2016, the ICAMA published the list of 18 pesticides that passed the evaluations for formal registration on the 20th Plenary Session of the 8th National Pesticide Registration Review Committee. Bayer CropScience's 7 herbicides, including 4 active ingredients of terfuryltrione, triafamone, flurtamone, and flufenacet, were in the list. It marks that these products will be formally registered in China for the first time.

In late-Oct. 2016, Yangnong Chemical won the Chinese Patent Award on its preparation process of pyrethroid compound intermediate.
Jiangsu Yangnong was awarded a China Industry Award for its "green efficient pyrethroids development and application program".
The No.3 Central Environmental Protection Inspectorate was settled in Hubei Province in the last 10 days of Nov. 2016. The environmental pollution issues in enterprises as Hubei Sanonda, Hubei Boerde and Hubei Jiaying reported by complainants have been resolved. As verified by investigations, the reported issues were partially true.

As reported by Agropages on 13 Dec., 2016, France-based InVivo Corporation (InVivo) announced that it has reached an agreement with its Chinese partner HVH, a supplier of generic phytosanitary products, to establish a joint venture company in Shanghai. The joint venture company was being set up to commercialize and market generic pesticides. InVivo expects its first commercialization by 2018-2019, with the focus on field crops, especially corn. Moreover, InVivo also expects another partnership agreement with a Brazilian agrochemical company CCAB AGRO S.A. (CCAB) on commercialization of generic pesticides before the end of Dec."Faced with the concentration of global agrochemical sector, we are willing to keep access to complementary solutions to strengthen InVivo's market position", underlined Laurent Martel, director of the InVivo Agriculture division. The company also plans to focus its development on the areas of digital innovation, notably in terms of biocontrol and precision farming.As the largest agricultural corporation in France, and global leading enterprise in the industry, InVivo sustains an annual revenue of Euro5.7 billion with 6,600 staff in 20 countries. In March this year, InVivo signed agreement to acquire Bioline, specializing in marketing biological control agents, a subsidiary of Syngenta Participations AG. Founded in 2007, CCAB mainly engages in pesticides registration, export, marketing and pesticide application technical services. The shareholder of its holding company CCAB Participaes S.A. refers to Brazil's major producer's cooperative of cotton, soybean, corn and coffee, with an annual output value of over USD8 billion, and its annual pesticide consumption accounts for 20% of the entire Brazil. In Dec. 2016, Huapont Life Sciences Co., Ltd. participated in CCAB for its increase in capital and share with no more than USD20 million, landing 7.5% of CCAB's stock rights.

The development of intelligent agricultural machinery will be a focus in the Chinese agricultural machinery market in 2017, especially the large-scale compound machinery. Besides, prices are expected to rise.

Gao Xiangzhao, chief expert of the NAESC, recently made judgment of the market prospects of microbial fertilizer: at present, it is impossible for microbial fertilizer to replace chemical fertilizer, and vice versa. However, microbial fertilizer is likely to take place of chemical fertilizer when the microbial technology develops to a certain extent.
Petrochemical industry is an important industrial pillar industry in Hubei. To speed up the transformation and upgrading of the petrochemical industry, enhance the quality and efficiency of industrial development, and achieve green and sustainable development, Hubei announced the implementation plan on promoting the transformation, upgrading, and green development of the petrochemical industry. The plan proposed to nurture and grow new industries, and one of them was to speed up the development of new pesticide varieties, including low toxic, high efficient, and low residual pesticides, herbicides, fungicides, viral inhibitors, and seed treating agents.

In this article, CCM will provide the ex-works price of 23 pesticide TC (TK) in Nov. and Dec. 2016, including 8 herbicides, 8 insecticides and 7 fungicides. The 8 herbicides are 2,4-Dichlorophenoxyacetic acid 96% technical, acetochlor 92% technical, butachlor 92% technical, dicamba 98% technical, diuron 97% technical, glyphosate 95% technical, paraquat 42% TK and trifluralin 95% technical; the 8 insecticides are acetamiprid 95% technical, bifenthrin 97% technical, chlorpyrifos 95% technical, dimethoate 98% technical, imidacloprid 97% technical, lambda-cyhalothrin 95% technical, methomyl 98% technical and pymetrozine 95% technical; the 7 fungicides are azoxystrobin 96% technical, carbendazim 98% technical (white color), chlorothalonil 98% technical, mancozeb 90% technical, prochloraz 97% technical, propiconazole 95% technical and thiophanate-methyl 96% technical (white color).
The minimum purchase prices of corn in 19 regions in China on 19 Jan., 2017 will be introduced in this article.
The minimum purchase prices of corn in 19 regions in China on 12 Jan., 2017 will be introduced in this article.
The minimum purchase prices of corn in 19 regions in China on 5 Jan., 2017 will be introduced in this article.
The minimum purchase prices of corn in 19 regions in China on 29 Dec., 2016 will be introduced in this article.
The minimum purchase prices of rice in 10 regions in China on 19 Jan., 2017 were introduced in this article.
The minimum purchase prices of rice in 10 regions in China on 12 Jan., 2017 were introduced in this article.
The minimum purchase prices of rice in 10 regions in China on 5 Jan., 2017 were introduced in this article.
The minimum purchase prices of rice in 10 regions in China on 29 Dec., 2016 were introduced in this article.
The minimum purchase prices of wheat in 13 regions in China on 19 Jan., 2017 will be introduced in this article.
The minimum purchase prices of wheat in 13 regions in China on 12 Jan., 2017 will be introduced in this article.
The minimum purchase prices of wheat in 13 regions in China on 5 Jan., 2017 will be introduced in this article.
The minimum purchase prices of wheat in 13 regions in China on 29 Dec., 2016 will be introduced in this article.
The minimum purchase prices of rapeseed in 4 regions in China on 19 Jan., 2017 will be introduced in this article.
The minimum purchase prices of rapeseed in 4 regions in China on 12 Jan., 2017 will be introduced in this article.
The minimum purchase prices of rapeseed in 4 regions in China on 5 Jan., 2017 will be introduced in this article.
The minimum purchase prices of rapeseed in 4 regions in China on 29 Dec., 2016 will be introduced in this article.
The minimum purchase prices of soybean in 4 regions in China on 19 Jan., 2017 will be introduced in this article.
The minimum purchase prices of soybean in 4 regions in China on 12 Jan., 2017 will be introduced in this article.
The minimum purchase prices of soybean in 4 regions in China on 5 Jan., 2017 will be introduced in this article.
The minimum purchase prices of soybean in 4 regions in China on 29 Dec., 2016 will be introduced in this article.
The minimum purchase prices of potato in 6 regions in China on 19 Jan., 2017 will be introduced in this article.
The minimum purchase prices of potato in 6 regions in China on 12 Jan., 2017 will be introduced in this article.
The minimum purchase prices of potato in 6 regions in China on 5 Jan., 2017 will be introduced in this article.
The minimum purchase prices of potato in 6 regions in China on 29 Dec., 2016 will be introduced in this article.
The minimum purchase prices of peanut in 11 regions in China on 19 Jan., 2017 will be introduced in this article.
The minimum purchase prices of peanut in 11 regions in China on 12 Jan., 2017 will be introduced in this article.
The minimum purchase prices of peanut in 11 regions in China on 5 Jan., 2017 will be introduced in this article.
The minimum purchase prices of peanut in 11 regions in China on 29 Dec., 2016 will be introduced in this article.
The minimum purchase prices of cotton in 7 regions in China on 19 Jan., 2017 are introduced in this article.
The minimum purchase prices of cotton in 7 regions in China on 12 Jan., 2017 are introduced in this article.
The minimum purchase prices of cotton in 7 regions in China on 5 Jan., 2017 are introduced in this article.
The minimum purchase prices of cotton in 7 regions in China on 29 Dec., 2016 are introduced in this article.

In Nov. 2016, China imported 2,476 tonnes of pesticide formulations, up 66.64% YoY (year on year); import value hit USD27.98 million, up 1.09% YoY. The export volume and value of pesticide formulations was 105,910 tonnes and USD289.68 million, up 55.31% and 38.28% YoY respectively.

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