China's fruit and vegetable exports to Russia expected to surge 80%, cold chain equipment sees opportunities
According to China Daily, Russia's embargo on a range of food products from the EU, Australia, Canada, Norway and the United States will boost China's fruit and vegetable exports to Russia, with the export scale expected to increase by 80% this year, reaching 3 billion yuan. In addition
According to China Daily, Russia's embargo on a range of food products from the EU, Australia, Canada, Norway and the United States will boost China's fruit and vegetable exports to Russia, with the export scale expected to increase by 80% this year, reaching 3 billion yuan.
According to Shanghai Securities News, some industry insiders analyze that if tensions between Russia and Europe and the United States persist, China is expected to consolidate and seize markets for Russian agricultural products, food and other goods. If fruit and vegetable imports proceed smoothly, they could later be expanded to pork, chicken, dairy products and more. Fresh foods, meat products, fruits, vegetables and other agricultural products have extremely strict requirements for temperature and humidity from storage to transport. At the same time, in recent years foreign countries have continuously raised access standards for imported agricultural products, so the construction of cold chain logistics plays a crucial role.
China is a major country in agricultural production and consumption, and with the improvement of residents' consumption capacity, the development space for cold chains is enormous. Currently, vegetable output accounts for about 60% of global total output, fruit and meat output accounts for 30%, and poultry eggs and aquatic products output accounts for 40%. With the rise in national income, consumption upgrading will stimulate the supply of fresh products. China's total meat consumption is as high as 80 million tons, and there is enormous room for growth in refrigerated and frozen products.
China strongly supports the development of cold chain logistics through policy. In June 2010, the National Development and Reform Commission issued the "Agricultural Product Cold Chain Logistics Development Plan." The plan proposed that by 2015, through renovation, expansion and new construction, the whole of society would increase cold storage capacity by 10 million tons. The National Development and Reform Commission issued a notice that, starting from June 1, 2013, electricity prices for agricultural product wholesale markets, farmers' markets, and cold storage for agricultural product cold chain logistics nationwide would be set at the same price as industrial electricity, which will significantly reduce electricity expenses for agricultural product production and distribution enterprises nationwide.
As the core of the cold chain segment, refrigeration equipment is expected to benefit long-term from the development of cold chain logistics. Among A-share companies, Yantai Moon is mainly engaged in the production and operation of large and medium-sized industrial refrigeration equipment, quick-freezing of fruits, vegetables and foods, aquatic products and more, and is China's largest complete refrigeration equipment manufacturing enterprise. Dalian Refrigeration is China's largest industrial refrigeration equipment manufacturing enterprise, with the market growth rate of its new series of units exceeding 40%.
According to Shanghai Securities News, some industry insiders analyze that if tensions between Russia and Europe and the United States persist, China is expected to consolidate and seize markets for Russian agricultural products, food and other goods. If fruit and vegetable imports proceed smoothly, they could later be expanded to pork, chicken, dairy products and more. Fresh foods, meat products, fruits, vegetables and other agricultural products have extremely strict requirements for temperature and humidity from storage to transport. At the same time, in recent years foreign countries have continuously raised access standards for imported agricultural products, so the construction of cold chain logistics plays a crucial role.
China is a major country in agricultural production and consumption, and with the improvement of residents' consumption capacity, the development space for cold chains is enormous. Currently, vegetable output accounts for about 60% of global total output, fruit and meat output accounts for 30%, and poultry eggs and aquatic products output accounts for 40%. With the rise in national income, consumption upgrading will stimulate the supply of fresh products. China's total meat consumption is as high as 80 million tons, and there is enormous room for growth in refrigerated and frozen products.
China strongly supports the development of cold chain logistics through policy. In June 2010, the National Development and Reform Commission issued the "Agricultural Product Cold Chain Logistics Development Plan." The plan proposed that by 2015, through renovation, expansion and new construction, the whole of society would increase cold storage capacity by 10 million tons. The National Development and Reform Commission issued a notice that, starting from June 1, 2013, electricity prices for agricultural product wholesale markets, farmers' markets, and cold storage for agricultural product cold chain logistics nationwide would be set at the same price as industrial electricity, which will significantly reduce electricity expenses for agricultural product production and distribution enterprises nationwide.
As the core of the cold chain segment, refrigeration equipment is expected to benefit long-term from the development of cold chain logistics. Among A-share companies, Yantai Moon is mainly engaged in the production and operation of large and medium-sized industrial refrigeration equipment, quick-freezing of fruits, vegetables and foods, aquatic products and more, and is China's largest complete refrigeration equipment manufacturing enterprise. Dalian Refrigeration is China's largest industrial refrigeration equipment manufacturing enterprise, with the market growth rate of its new series of units exceeding 40%.