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Steady grain production, increased income, improved quality and efficiency must be market-oriented
In 2014, China's agricultural product supply was generally adequate. Under effective state regulation, grain prices rose slightly while remaining stable, cotton, oilseeds and sugar continued to fall, and fresh agricultural products fluctuated seasonally. Against the backdrop of continued declines in international bulk agricultural product prices, domestic
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Agricultural modernization must be achieved through innovation-driven development.
Agricultural modernization must develop in step with new urbanization. The meeting pointed out that the radiating and driving role of new urbanization on agricultural modernization must be brought into full play. To break the urban-rural dual structure and promote integrated urban-rural development, factors must flow freely between urban and rural areas, and public resources must be allocated in a balanced way between them.
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The seed industry must become the breakthrough point for agriculture's innovation-driven development
On March 8, the 4th National Modern Seed Industry Development Training Course, held by the Ministry of Agriculture for the 4th consecutive year, opened in Beijing. At the training course, Vice Minister of Agriculture Yu Xinrong emphasized the need to deepen reform, forge ahead with innovation, accelerate the development of the modern seed industry, and strive to be a provider of scientific and technological achievements, a practitioner of reform, and a driver of the modernization process in agriculture's "transformation of development modes and structural adjustment"
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Why is the construction of new-type urbanization inseparable from innovation-driven development?
Urbanization is an important way to narrow the poverty gap and also an important way to stimulate domestic demand. At the "Innovation-Driven New-Type Urbanization" sub-forum of the China Development Forum 2015 Economic Summit, participants generally agreed that in advancing urbanization, China must have innovation and follow a path of innovation-driven new-type urbanization.
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The veterinary vaccine market will expand by 20 billion yuan within 10 years
Benefiting from the continuous increase in the scale of farming and the epidemic prevention policy of "prevention first, culling as supplementary", the U.S. animal vaccine industry entered a period of vigorous development from 2001 to 2009, with the market size rapidly doubling from 600 million USD to 1.2 billion USD, and the compound annual growth rate reaching
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Ten Key Points for the Seed Industry: An Interpretation of the Innovation-Driven Development Strategy
Demand orientation Resolve the constraints on the transition from factor-driven and investment-driven growth to innovation-driven growth, so that innovation is truly translated into the creation of new growth points and innovation outcomes become tangible industrial activities. Intellectual property protection Implement a strict intellectual property protection system.
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Policy-driven grain procurement, storage and sales in the spotlight
Reporters learned on the 28th from the National Grain Administration that the National Development and Reform Commission, the National Grain Administration, the Ministry of Finance, the Agricultural Development Bank of China and other departments recently launched the 2015 joint departmental spot inspection of the nationwide grain inventory check. The various spot inspection working groups set out for the relevant provinces on the 26th.
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What does governance-driven drought teach us
In recent years, field surveys have often revealed the "last mile" problem: the state invests trillions of yuan in rural areas every year, building large water conservancy facilities, roads connecting villages, rural libraries and agricultural technology service stations, providing farmers with infrastructure and public services
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Honeysuckle Market Sluggish in the New Season, Driven by Weakening Demand from Downstream End Users
Right now it is the new-harvest season for honeysuckle. In China's main honeysuckle-producing areas such as Shandong, Shaanxi, Henan and Hebei, this should be a season of abundant supply and brisk buying and selling, but our reporter has learned that this year this widely used Chinese medicinal herb seems very desolate.
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Soybean meal market faces pullback pressure after weather-driven speculation
Over the past two months, soybean meal futures contracts have seen a sharp decline followed by a rapid rebound, and the current price is already close to the high at the start of the decline. Does this mean the soybean meal market has already reversed? First, let us analyze the reasons for the earlier decline in soybean meal: First, sluggish domestic demand for soybean meal led to price declines. Weak demand in the livestock and aquaculture industry constrained soybean meal consumption. China's hog inventory and breeding sow inventory fell sharply year on year; prices of meat, eggs and poultry were sluggish, and farming losses were severe; demand in aquaculture slowed, constraining demand for protein meal. Second, soybean meal supply increased substantially, spot prices fell sharply, some basis contracts faced default risk, and selling off occurred.</P><P> Now let us look at the reasons for the rapid rise in soybean meal. The author believes that the rise in soybean meal came partly from a return of prices after the earlier excessive decline; on the other hand, it came from speculation driven by heavy rain in the main U.S. soybean producing areas, which caused market concern about U.S. soybean planted area and good-to-excellent ratings. The planted area data and weekly soybean good-to-excellent ratings data released by the U.S. Department of Agriculture on June 30 both confirmed the market's concerns about U.S. soybean planting. These data will, in the short term, still support U.S. soybean futures in maintaining high-level oscillation, which will substantially raise the cost of China's imported soybeans, forcing crushing plants to passively raise the prices of soybean meal and soybean oil.</P><P> But in the short term, speculation over the impact of severe weather on planting may cool somewhat, and the loose fundamentals will bring great pressure on soybean meal prices.</P><P> From the perspective of soybean meal supply, global soybean supply is ample. After U.S. soybeans hit a record high last year, soybean output in Argentina and Brazil also hit record highs, which will suppress legume prices over the medium and long term. Domestically, China's soybean imports in June may reach 8.53 million tons and in July reach 8 million tons, so soybean sources are very abundant; at present, the operating rate of domestic crushing plants remains at an extremely high level of about 54%, and soybean meal supply has recently remained high. The volume of domestic rapeseed meal and imported DDGS remains high, suppressing plant protein prices.</P><P> On the demand side, although the hog farming industry currently shows restocking demand, truly driving soybean meal consumption may still require waiting for hog inventory data to stop falling and rebound before it can be confirmed. The meat, egg and poultry farming industry remains sluggish. Due to oversupply, prices of meat poultry and eggs fell sharply earlier, severely dampening the enthusiasm of farming enterprises to restock. In aquaculture, because oversupply last year led to sharp price declines, pond stock levels in the south are relatively high this year, constraining the release of fry. Recently, rainfall has been excessive, feed placement in ponds has decreased, which is bearish for meal consumption. Later, as large quantities of stocked fish are sold, demand for protein meal from newly released fry may decline substantially, so demand for protein meal from aquaculture later is also worrying.</P><P> Based on the information on both supply and demand, the author believes that soybean meal supply and demand will remain loose, and after the bullish U.S. heavy rain weather factor is fully priced in, soybean meal prices will return to fundamentals in the short term, with the possibility of oscillating pullbacks.</P></p>
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