Reuters – China’s pork output in 2022 increased 4.6 per cent from 2021 to reach its highest since 2014, official data showed Jan. 17. The data confounded some expectations for a smaller rise. Pork output in the world’s top producer of the meat reached 55.41 million tonnes, the highest since eight years ago, when 56.71
China pork output hits highest in eight years
China approves GM imports after decade of deliberation
Reuters – China has approved the import of eight genetically modified crops, including GMO alfalfa for the first time. Global seed companies have long complained about China’s slow approval process for GM crops, which slows commercialization of the products globally if they are not approved by one of the world’s biggest agriculture markets. Beijing has
China’s 2022 pork output highest in eight years
Average hog weights remain relatively high
Reuters — China’s pork output increased 4.6 per cent in 2022 from 2021 to reach its highest level since 2014, official data showed on Tuesday, confounding some expectations for a smaller rise. Pork output in the world’s top producer of the meat reached 55.41 million tonnes, the highest since 56.71 million tonnes recorded eight years
Brazil moves closer to China corn exports as Beijing approves traders
Beijing/Sao Paulo | Reuters – Chinese customs updated its list of approved Brazilian corn exporters on Wednesday, a move a Brazilian agriculture official said could jumpstart sales of corn to the world’s second-largest economy. The approvals could reshape global trade flows and result in fewer sales for farmers in the United States, the world’s top corn supplier.
Shipping woes to squeeze China’s soybean stocks
Reuters – China’s soybean stocks are set to tighten further as delays in shipments from the United States deepen shortages of key animal feed ingredient soymeal, keeping prices at record highs. Ships carrying up to three million tonnes of U.S. soybeans, which were scheduled to arrive this month and in November, are likely to be
China to step up investment in rural infrastructure
Beijing | Reuters – China will accelerate investment in rural infrastructure to improve its ability to ensure food supply while also stabilizing the economy, according to a plan published by the agriculture ministry on Tuesday. The plan, backed by eight ministries and government agencies, comes amid slowing growth in the world’s second-biggest economy, due to
China issues phosphate quotas to rein in fertilizer exports
High global prices have incentivized exports, raising domestic food security concerns
Reuters – China is rolling out a quota system to limit exports of phosphates, a key fertilizer ingredient, in the second half of this year, analysts said, citing information from the country’s major phosphate producers. The quotas, set well below year-ago export levels, would expand China’s intervention in the market to keep a lid on
COVID curbs Chinese soy demand
Reuters – Plunging demand for soyoil in China is expected to cut consumption as COVID-19 lockdowns have shuttered restaurants and canteens, according to traders and analysts. China is the world’s top consumer of edible oils, with millions of restaurants guzzling about half of the country’s roughly 17 million tonnes of soyoil. But a two-month lockdown
Xi says China needs own seeds to guarantee country’s ‘food bowl’
Reuters – Chinese President Xi Jinping said the country needs to be independent in seeds to achieve food security, state media reported on April 11, reiterating growing concerns about China’s reliance on imports of food. Xi made the remarks on Sunday while visiting the Yazhou Bay Seed Laboratory in the southern island of Hainan, a
China’s hog farmers face long slog in return to profit
Higher grain prices and COVID restaurant closures are hitting them hard
China’s pig farmers, suffering record losses due to surging feed costs and weak hog demand, are switching to lower-quality grain from pricier soymeal and even selling off assets in a bid for survival. The pain across the world’s largest hog market, however, could last until next year, said analysts, shrinking incomes across China’s rural economy
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