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Sinograin reported for illegally importing genetically modified rapeseed oil mixed into national temporary reserves
According to a report by The Paper, Sinograin Hunan Company was reported for causing 30 million yuan to be intercepted due to illegal operations, and multiple enterprises it entrusted were accused of using a "stand-in" method to import genetically modified rapeseed oil and earn huge profits from it. The following is the detailed content: Two years after being
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Why are China's grain output, imports and stockpiles all rising at the same time?
On the one hand, China's grain output has achieved eleven consecutive years of growth, while on the other hand, the volume of China's grain imports keeps climbing; in addition, grain stockpiles have also reached a recent high - China's grain is presenting the strange phenomenon of a simultaneous increase in output, imports and stockpiles. At the forum held at this time
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Soybean imports slow down as yuan depreciation pushes up import costs
In recent weeks, demand from China, the number one soybean importer, has slowed, and so far orders for November shipment soybeans are only half of the same period last year, because the recent depreciation of the yuan has made overseas imports expensive. Traders say that soybean meal prices denominated in yuan
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China's grain policy will have a lasting impact on grain imports
According to the research firm BMI Research, the reform of China's grain policy will have a lasting impact on grain imports in the coming years. BMI Research said that in September this year the Chinese government decided to lower the corn purchase price, which caused domestic corn prices to fall, making import prices
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Annual output of edible fungi exceeds 30 million tons; cultivation gradually becomes an important lever for poverty alleviation in rural areas
As a representative of healthy food, edible fungi have been much loved and sought after by consumers in recent years. The reporter recently learned from the China Edible Fungi Association that in 2014 the national total output of edible fungi was 32.7 million tons, with an output value of 225.81 billion yuan. Gao Maolin, executive vice president of the China Edible Fungi Association, stated
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New Wheat Hits the Market as Consumption Weakens; May Import Volume May Decline
Due to weak wheat consumption in China, favorable prospects for new wheat production and the gradual market launch, China's wheat imports in May are expected to decline. Wheat imports for the 2014/2015 marketing year are forecast at 1.2 million tons. This week, wheat in parts of Hunan, Jiangsu, Anhui and Henan has already
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Large quantities of imported soybeans will arrive in China in the coming months
Analysts say China's soybean imports will rise further in the coming months, mainly because South American soybeans ordered earlier are arriving, which may put pressure on crushing margins. Data released by the General Administration of Customs show that soybean imports in May this year reached 6.13 million
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May grain and grain flour imports reach 2.86 million tonnes
May grain and grain flour imports 2.86 million tonnes. Data released by the General Administration of Customs on the 8th shows that in May, China exported 13,147 tonnes of rice; from January to May 2015, cumulative rice exports reached 81,296 tonnes, compared with 63,801 tonnes in the same period last year, an increase of 27.4% year on year. In May, China imported 2.86 million tonnes of grain and grain flour; cumulative imports from January to May reached 12.5 million tonnes, compared with 8.49 million tonnes in the same period last year, an increase of 47.3% year on year. China's soybean imports in May were 6.13 million tonnes, up 2.7% year on year and up 15.4% month on month. From January to May, soybean imports were 27.07 million tonnes, down 2.7% from the same period last year, with an average import price of 2,792.8 yuan per tonne, a decline of 22.8%. In May, imports of edible vegetable oil were 470,000 tonnes; cumulative imports from January to May were 2.05 million tonnes, down 33.3% year on year. ⟦4 <p> </p> <p> <strong>May grain and grain flour imports 2.86 million tonnes</strong> Data released by the General Administration of Customs on the 8th shows that in May, China exported 13,147 tonnes of rice; from January to May 2015, cumulative rice exports reached 81,296 tonnes, compared with 63,801 tonnes in the same period last year, an increase of 27.4% year on year. In May, China imported 2.86 million tonnes of grain and grain flour; cumulative imports from January to May reached 12.5 million tonnes, compared with 8.49 million tonnes in the same period last year, an increase of 47.3% year on year. China's soybean imports in May were 6.13 million tonnes, up 2.7% year on year and up 15.4% month on month. From January to May, soybean imports were 27.07 million tonnes, down 2.7% from the same period last year, with an average import price of 2,792.8 yuan per tonne, a decline of 22.8%. In May, imports of edible vegetable oil were 470,000 tonnes; cumulative imports from January to May were 2.05 million tonnes, down 33.3% year on year.</p> <p> <strong>Soybean imports rise, crushing profits may shrink</strong> Analysts said on Monday that China's soybean imports will rise further in the coming months, mainly because South American soybeans ordered earlier are arriving, which may put pressure on crushing profits. Data released by the General Administration of Customs on the 8th shows that soybean imports in May this year reached 6.13 million tonnes, 15.4% higher than in April and 2.7% higher than in the same period last year. Soybean imports in June are estimated to possibly reach as high as 8.5 million tonnes, a level close to the historical record. The reason for the import growth is that South American soybean production hit a record this year, and soybeans previously contracted for import are arriving one after another.</p> <p> Because large volumes of imported soybeans arrived in May, and the market expects soybean imports in June to hit a historic high, this has already pushed domestic soybean meal prices down to a new low in 8 years. Lower hog inventories have also hurt soybean meal demand. Analysts pointed out that soybean meal demand this year is worse than last year, and weak soybean meal prices have already led to losses in crushing in Guangdong and Guangxi. In Guangdong, spot soybean meal prices fell to 2,460 yuan per tonne, and some small traders who had previously signed contracts to buy soybean meal at 2,700 to 3,000 yuan per tonne defaulted.</p> <p> </p>
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China's corn imports in May increased 4.1-fold year-on-year
According to official data released by the General Administration of Customs of China, in May 2015 China imported 403,881 tons of corn, far higher than the 140,837 tons in April, an increase of 410.45% over the same period last year. In May, China imported 381,806 tons of corn from Ukraine, with no comparable data for the same period last year; from
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What does the 800,000-ton increase in China's wheat imports mean?
China's wheat imports raised by 800,000 tons According to the July supply and demand report released by the USDA, U.S. wheat supply for 15/16 is projected to be raised by 58 million bushels, mainly due to upward revisions to beginning stocks and production. Ending stocks are raised by 28 million bushels to 842 million bushels, the highest since 10/11
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