Corn Products China News 1207

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In July 2012, domestic market price of corn enjoys a little uptrend because of the decreasing supply of corn and bad news from corn in the US, main import origin of China's corn. Due to the drought and high temperature in June 2012, the US corn underwent the worst growth situation in the past twenty years. If the US corn doesn't harvest well in 2012, the market price of corn will probably see an uptrend home and abroad.

Meanwhile, the demand for corn products from feed industry gets a little stronger because the market price of live pigs stops falling and keeps stable in July 2012. But the demand for corn products from food industry still doesn't go up in July especially beverage industry, which makes the consumption volume of starch sugar maintain at a low level. Hopefully, when the temperature goes higher in August, starch sugar can see a better situation.

In July 2012, domestic market price of corn enjoys a little uptrend because of the decreasing supply of corn and bad news from corn in the US, main import origin of China's corn. Due to the drought and high temperature in June 2012, the US corn underwent the worst growth situation in the past twenty years. If the US corn doesn't harvest well in 2012, the market price of corn will probably see an uptrend home and abroad.

Meanwhile, the demand for corn products from feed industry gets a little stronger because the market price of live pigs stops falling and keeps stable in July 2012. But the demand for corn products from food industry still doesn't go up in July especially beverage industry, which makes the consumption volume of starch sugar maintain at a low level. Hopefully, when the temperature goes higher in August, starch sugar can see a better situation.

In May 2012, domestic import value of corn products soars by 387% while their export value decreases by 7% compared with those in April 2012.

The average domestic market price of corn starch is USD479/t on July 9, 2012, almost staying stable in July 2012.

On June 19, 2012, China Corn Oil publishes a notice that the company has changed its name to Changshouhua Food, indicating that it changes from a production and processing enterprise of corn oil to a high-end food enterprise.

China's lysine suffers decrease in its market price while increase in cost in H1 2012.

Xiwang Pharmaceutical put a new injection grade monohydrate glucose production line with capacity of 450,000t/a into production on June 9, 2012.

Domestic furfural producers plan to found a national furfural industry union to protect their interest, considering the poor performance of China's furfural at present

On June 26, 2012, the US DOC announces the initiation of anti-dumping duty investigations into xanthan gum imported from China.

Chinese corn products perform poorly in general in H1 2012

On June 28, 2012, MOC publishes a notice that China has stopped the anti-dumping investigation into DDGS imported from the US.

In July 2012, Chinese market price of corn enjoys a little uptrend due to its declining supply and recovering demand from feed industry.

Domestic market price of sugar witnesses a little downtrend in July 2012 due to weak demand for it.

Companies Mentioned

Shandong Xiwang Food Co., Ltd. Global Bio-chem Technology Group Co., Ltd.Shandong Xiwang Pharmaceutical Co., Ltd. Changshouhua Food Company Limited Fufeng Group Co., Ltd.

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