NEW YORK, July 13, 2011 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:
http://www.reportlinker.com/p0570049/Corn-Products-China-News-1106.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Cereal_Production
Along with some food additive scandals happening in recent years, Chinese government and the public are paying more and more attention to food safety issues, and food additive has become the spotlight. China's new Standards for Uses of Food Additives begins to take effect on 20 June 2011; the supervision of its execution will be strengthened. This standard is believed to have little affect on corn product industry in the near future, because its relative regulations on corn products have small change compared with the previous edition.
Besides, the significant increase in corn price since 2010 has imposed much impact on producers of corn products. In this issue, three leading players—Global Sweeteners, Xiwang Sugar and Baolingbao—will be taken as examples and through comparison of their 2010 performance it's founded that they all witnessed decrease in gross profit margin in 2010 due to the obvious rise of raw material cost except Xiwang Sugar. Currently, corn price still runs at a high level and this uptrend may keep going on throughout 2011, thus producers of corn products will still encounter a big challenge this year.
In April 201, China's corn products witness a 111% rise in import volume but a 18% decline in export volume over March 2011.
Price of corn starch in China has witnessed a downtrend since May 2011, majorly due to slack demand.
Price of lysine in China has witnessed an uptrend since the end of April 2011.
The average export price of Chinese vitamin C kept stable in Jan.-April 2011 because there was a great amount of bargain priced vitamin C in overseas market in early 2011.
Xiwang Sugar recorded better performance in 2010 compared with Global Sweeteners and Baolingbao.
Meihua Group plans to cooperate with Novozymes in research of using cellulosic material to produce amino acid products.
Standards for Uses of Food Additives 2011 to take effect from 20 June 2011 may have little effect on some corn products.
Northeast Pharmaceutical plans to raise non-public funds of USD362 million majorly for its VC production line's technological upgrade and relocation.
Shandong Longlive's IPO for its expansion was approved by CSRC in May.
DDGS price in China witnesses a slight uptrend in June 2011 and may keep increasing in the next few months.
Wheat is currently replacing corn in feed industry due to its lower price.
Furfural export volume in Jan.-April 2011 significant increases
Chinese corn products Imp. & Exp. analysis in April 2011
Corn starch price witnesses downtrend through June 2011
Lysine price increases in May and June 2011
VC export price keeps stable in Jan.-April 2011
Xiwang Sugar performs better than Global Sweeteners and Baolingbao in 2010
Meihua Group, Novozymes or to jointly research using cellulosic material to produce amino acid
New Standards for Uses of Food Additives probably to affect corn products little
Northeast Pharmaceutical to raise USD362 million mainly for VC technological upgrade and relocation
Shandong Longlive's IPO for expansion approved in May 2011
DDGS price slightly increases in June 2011
Wheat becoming alternative to corn in Chinese feed industry
Companies Mentioned
Global Bio-chem Technology Group Co., Ltd.
Ningxia EPPEN Biotech Co., Ltd.
Global Sweeteners Holdings Limited
Shandong Longlive Bio-technology Co., Ltd.
Northeast Pharmaceutical Group Co., Ltd.
Meihua Holdings Group Co., Ltd.
Xiwang Sugar Holdings Company Limited
Shandong Baolingbao Biology Co., Ltd.
To order this report:
Cereal Production Industry: Corn Products China News 1106
Cereal Production Business News
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