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How can internet finance light up the vast rural market?
The "China Rural Internet Finance Forum," jointly hosted by the Financial New Normal Research Group of the China Society for Economic Reform, the Beijing Branch of the China Institute for Reform and Development (Hainan), and Yimutian, China's agricultural products e-commerce trading platform, was held in Beijing recently.
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Mechanization is the only fundamental way forward for rapeseed production
The fundamental way forward for rapeseed production lies in mechanization - this is the broad consensus of agricultural machinery and agronomy experts at the Rapeseed Production Mechanization Technology Seminar. On August 11, the Rapeseed Production Mechanization Technology Seminar was held in Beijing. At the meeting, results were released from rapeseed main production areas in 4 provinces of our country
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Mobilizing farmers' initiative is key to agricultural extension
The integrated water and fertilizer drip irrigation technology under plastic film delivers water and nutrients directly to the soil around crop roots through drip irrigation pipes, effectively improving water and fertilizer use efficiency and achieving water and fertilizer savings as well as increased yield and efficiency. In recent years, governments at all levels have attached great importance to it, increased financial investment, and promoted
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How can the stranglehold on agricultural development be broken?
Recently, the General Office of the State Council issued the "Opinions on Accelerating the Transformation of Agricultural Development Modes", which is the first important document at the national level to systematically deploy work on transforming agricultural development modes. How should agricultural development modes be transformed? What are the current priorities? How can the goals be
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Soybean Imports Under Pressure: Cost Rises by 3 Million Yuan per Vessel
On August 11, news that Russia would lower tariffs on related agricultural products roiled the commodities market. Coincidentally, the People's Bank of China's sharp downward revision of the RMB central parity rate during the same period also gave some agricultural products a different performance. Zhuochuang Information told a Securities Daily reporter that, affected by the RMB depreciation, Chicago soybean futures surged 3.5% on Monday before plunging 2.6% on Tuesday. Apart from the impact on the futures market, soybean imports are also expected to be "badly hurt" later on. As the world's largest buyer of soybeans, China has had an import dependence rate for soybeans above 50% over the past 15 years; especially in the past six years, China's foreign dependence on soybeans has exceeded 80%, and in 2014 the foreign dependence rate was around 86%. Without considering foreign exchange arbitrage, if domestic soybean traders import soybeans at the latest exchange rate, the cost per vessel increases by about 3 million yuan. Although importing enterprises can use foreign exchange arbitrage tools to reduce exchange losses, if the RMB continues to depreciate, enterprises' import costs will face the risk of a sharp rise. <p> </p> <p> On August 11, news that Russia would lower tariffs on related agricultural products roiled the commodities market.</p> <p> Coincidentally, the People's Bank of China's sharp downward revision of the RMB central parity rate during the same period also gave some agricultural products a different performance. Zhuochuang Information told a Securities Daily reporter that, affected by the RMB depreciation, Chicago soybean futures surged 3.5% on Monday before plunging 2.6% on Tuesday. Apart from the impact on the futures market, soybean imports are also expected to be “badly hurt” later on. As the world's largest buyer of soybeans, China has had an import dependence rate for soybeans above 50% over the past 15 years; especially in the past six years, China's foreign dependence on soybeans has exceeded 80%, and in 2014 the foreign dependence rate was around 86%. Without considering foreign exchange arbitrage, if domestic soybean traders import soybeans at the latest exchange rate, the cost per vessel increases by about 3 million yuan. Although importing enterprises can use foreign exchange arbitrage tools to reduce exchange losses, if the RMB continues to depreciate, enterprises' import costs will face the risk of a sharp rise.</p> <p> Soybean imports remain at a high level</p> <p> A Securities Daily reporter learned from Zhuochuang Information that Russia has stated that, in order to honor its commitments to the World Trade Organization (WTO), it will continue to gradually lower export tariffs on major oilseeds, starting from September 1, 2015. The soybean export tariff will drop to zero, and the rapeseed export tariff will drop to 6.5%, but no lower than 11.4 euros per ton. The sunflower seed export tariff will drop to 9.88%, but no lower than 14.81 euros per ton.</p> <p> In this regard, Zhuochuang Information believes this may change the pattern of China's sources for imported soybeans.</p> <p> A Securities Daily reporter checked data from the General Administration of Customs. Looking at import volume data, soybean imports showed a surge in July. The data shows that 9.5 million tons of soybeans were imported in July, while from January to July cumulative imports reached 44.66 million tons, with import volume up 7.1% year on year and value down 19.7% year on year.</p> <p> Checking data from other months so far this year shows that although soybean import data fluctuated repeatedly in the first half of this year, with differing degrees of year-on-year increases and decreases, the July import volume increased noticeably when the data are ranked.</p> <p> Separately, media reports said the surge in soybean imports was mainly because South American soybeans were cheap, stimulating increased purchasing demand from Chinese buyers. The China National Grain and Oils Information Center forecasts that soybean imports in August and September will total 13 million tons, higher than 11.06 million tons in the same period last year.</p> <p> Corresponding to the surge in imports is the continuous shrinking of the domestic soybean market. The China National Grain and Oils Information Center expects China's soybean output next year to fall to 11 million tons, below this year's 12.15 million tons.</p> <p> While news of Russia's tariff cut is still echoing, the RMB depreciation has added another layer of meaning to soybean import and export business. “The RMB has depreciated continuously for two days by a relatively large margin, which is a major positive for foreign trade enterprises. In recent years, the RMB has kept appreciating, while international market demand has been sluggish, dealing a relatively large blow to China's exports. In July this year, exports fell 8.3% year on year. After the RMB depreciation, the price advantage of China's exported goods will be somewhat strengthened, which is conducive to improving the performance of foreign trade enterprises. In fact, the main purpose of this central bank-led RMB depreciation is to promote exports.” Guo Fanli, research director at China Venture Consulting, explained to Securities Daily. Specifically for agricultural enterprises, Guo Fanli believes enterprises should actively raise the added value of their products and develop mid- to high-end business. This RMB depreciation is a good opportunity for China's agricultural processing import and export enterprises to rebuild their brand image. Agricultural processing import and export enterprises can export some mid- to high-end products, and because of the RMB depreciation, these mid- to high-end products are expected to be welcomed by the market for their relatively high cost-performance ratio. Once foreign markets have relatively high recognition of China's exported mid- to high-end products, even if the RMB appreciates in the future, it will not have a relatively large impact on agricultural processing import and export business.</p> <p> Some agricultural analysts also explained in interviews with Securities Daily that the current agricultural production model determines that domestic soybeans regaining market share will not happen overnight.</p> <p> The phenomenon of “concentrated arrival at ports” will continue</p> <p> Changes in the soybean market structure have also given the current market clear characteristics. A research report from Guotai Junan shows that China's soybean imports continue to show the phenomenon of “concentrated arrival at ports”; therefore, China's soybean imports are expected to fall month on month in August, but in absolute terms they are still expected to remain in a high range.</p> <p> Because China's soybean imports surged in July, setting the highest monthly import volume ever recorded. Guotai Junan believes that in the first seven months of 2015, there were some keywords to follow in global soybean trade: China's soybean imports will fall month on month in August, with import volume estimated at around 8 million to 8.5 million tons; China's soybean import volume once again set a record high for the same period in history, and China's soybean imports are expected to gradually decline in August.</p> <p> Now, with changes in Russia's soybean export tariff policy, the market structure may also change. Zhuochuang Information believes that China's main soybean importing countries are currently the United States, Brazil and Argentina. Looking at import data from the first half of the year, the three countries accounted for 97% of import volume, while Russia accounted for only 0.72%. However, affected by Russia's soybean exports soon facing zero tariffs, “plus the fact that in recent years farmers in Northeast China have tended to go to Russia to grow soybeans, it is expected that China's soybean imports from Russia will increase somewhat later on.”</p> <p> </p>
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Ministry of Agriculture Reclamation Bureau: Use 5 years to raise the seed industry's market share
"Our main daily work is cutting vegetable seedlings and caring for flower and vegetable seedlings; on average we can earn 60 yuan a day." Inside the Ruyi Agricultural Ecological Park in Dongxihu District, Wuhan, Hubei, a worker carrying enoki mushroom culture dishes told the reporter. This is Hubei agricultural
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Can you eat off-season fruits and vegetables? Read this and you will understand
Today, many people who pursue an organic lifestyle strongly emphasize one phrase: eat only what is in season. For example, eat loquats in spring, watermelon in summer, apples in autumn, and radishes in winter. They believe that off-season fruits and vegetables are very likely grown using some kind of chemical method
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Green agriculture does not mean returning to traditional farming
Driven by modern science and technology, China's agricultural output growth has outpaced population growth, successfully achieving the goal of "producing more." However, under the output-oriented development model, the long-term continuous increase in agricultural production has also come at a heavy cost to resources and the environment. Fertilizers,
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Where does the strange phenomenon of grain's "three quantities rising together" come from: price inversion and competition
In the past two years, a strange phenomenon has appeared in China's grain sector: annual grain output has remained stable at more than 600 million tons and increased year by year, but import volume has grown rapidly, while grain inventories have also continued to grow, with particularly severe backlogs of corn and other varieties. This grain production volume,
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Developing Various Forms of Moderate-Scale Operation, Driving the Transformation of Agricultural Development Mode
China's basic national condition is that it has a large population but little land, with the average land operated per household being only a little over 7 mu, and small-scale, dispersed household farming has long been the main mode of agricultural operation in China. This mode of agricultural operation is not conducive to the optimal allocation of resources or the effective improvement of labor productivity,
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