China, the world’s biggest food shopper, is likely to buy more U.S. soybeans this quarter, as a withering drought is expected to cut the South American harvest, pushing soy prices up to fresh highs. Benchmark Chicago soy has risen for three weeks on the relentless Southern Hemisphere summer, and analysts say prices could head higher,
China eyes even more U.S. soy
China’s ban on Indian meal is Canadian canola’s gain
China will boost imports of rapeseed and rapeseed meal from Canada, traders said on Monday, after Beijing banned Indian meal after tests showed it contained a toxic chemical. If China buys more rapeseed, or canola, from Canada, the world’s top exporter, it could firm ICE canola prices, which have been rising for the past two
China imports dairy cows
China is importing more dairy cows to try and beef up its transition to larger-scale farms, as the industry attempts to boost production and quality following a deadly scandal. China plans to nearly double milk production to 64 million tonnes by 2020, as part of a long-term plan by the Ministry of Agriculture to improve
USDA Slammed Over Data
China’s state-run food trader slammed the U.S. government’s dramatic revisions of its supply-demand data on corn as an “insult,” saying the sharp changes made it difficult for the entity to hedge risks. The unusually candid and critical remarks by a senior COFCO official triggered a quick retort from U.S. analysts and traders, who noted the
China GMO Corn Hits Policy Deadlock
China’s first strain of genetically modified corn is facing policy deadlock and may take years before it can be planted, a Chinese researcher said on March 7. China gave the phytase corn safety approval in late 2009, and at the time scientists said they expected large-scale production could happen as early as 2012. The GMO
China Quarantine Bureau Rejects U.S. Corn Cargo
China’s quarantine bureau confirmed Nov. 2 that it had discovered traces of an unapproved genetically modified organism (GMO) in a U.S. corn cargo and had refused its entry into China. “A genetically modified element which is not approved by the Agriculture Ministry has been identified in the cargo and according to the relevant State Council
China Faces 2010-11 Corn Deficit Of Up To Seven Million Tonnes
China could face a corn shorfall of up to seven million tonnes this year, a leading industry analyst said Oct. 21, after sharply cutting his estimate of the coming year’s harvest. Purchases by the world’s second- largest corn consumer of as much as 1.3 millions tonnes this year, its biggest imports in 15 years, have
China Turns Into A Regular Corn Importer
China’s major foray into the global corn market this year could become routine as it strives to fend off the threat of animal feed price inflation, which Beijing worries could send household food bills soaring. With feed demand in the world’s second-biggest corn consumer rising by nearly eight per cent a year over the past
Arrests For Banned Pig Drug In China
Fifteen people in China’s southern province of Guangzhou were arrested for selling pigs that had been fed banned drugs to make their meat leaner, Xinhua news agency reported March 19. The pigs had been fed ractopamine, a drug that is used as a feed additive to promote leanness in pigs. The feed additive Paylean, a
China Not Seeking Overseas Farms
China is not pushing to expand overseas farming and Chinese companies are less active in their investment abroad because of concerns of potential political risks, a senior Agriculture Ministry official said March 3. To meet a perennial shortfall in soybean supply, China, the world’s largest soy importer, will continue to import from major growing countries
Cyber-Savvy Farmer
