NEW YORK, March 24, 2011 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:
The drought in North China from late last year to early this year is quite likely to impact the wheat production in China in 2011, casting a cloud over the food security for China. And prices of grains such as rice, corn, wheat have witnessed huge increase for a long time and may continue to increase in the future, pushing up CPI in China.
To safeguard the grain production, the government plans to strengthen its support for seed industry, hoping this can contribute more to grain production increase in China. On 22 Feb., China approved "Suggestions for Accelerating Development of Modern Crop Seed Industry", aiming to foster some leading seed companies with strong sales network and R&D capability to provide adequate improved varieties for farmers.
Besides, Ministry of Agriculture released a notice recently which requires agriculture departments at all levels universalize GM crops knowledge, reflecting government's determination to further push on GM crops in China.
With the support from China's government, domestic seed industry may witness great development in the coming years, generating many opportunities for both domestic and overseas companies. For instance, Longping Hi-Tech plans to cooperate with Limagrain to set up a joint venture for the development of corn seed, wheat seed and its other seed business. Yihai Kerry, a leading agribusiness and food company in China, has entered China's seed industry by acquiring shares of some domestic seed companies or founding joint ventures.
Longping Hi-Tech will cooperate with Limagrain to set up a joint venture for the development of corn seed, wheat seed and its other seed business.
Yihai Kerry marched into China's seed industry by acquiring some domestic seed companies' shares or founding joint ventures.
Dunhuang Seed privately issued 17.58 million shares and raised much more funds that it expected, indicating investors' optimistic attitude toward the company. However, some analysts think the company is overvalued.
Grand Agriseeds, a company mainly engaged in three-line hybrid seed, is going to be listed on China's Growth Enterprise Market (GEM).
COFCO, a leading fully integrated Agri-food company in China, is reported to found a new department to strengthen its vegetable business.
Guangdong Tianhe successfully held a seed sales meeting on 20 Feb. 2011 to first distribute seed products, namely vegetable seeds from Syngenta.
The planting area of sweet corn in China increases quickly in recent years, which is a new opportunity for seed industry.
"Suggestions for Accelerating Development of Modern Crop Seed Industry'" was approved on 22 Feb. 2011, with the aim to foster some world-class seed companies.
Ministry of Agriculture released a notice recently which requires agriculture departments at all levels universal GM crops knowledge, reflecting government's determination to further push on GM crops in China.
The registration of corn seed coating agents becomes very hot in recent years, reflecting the bright prospect of seed coating agents market in China.
Longping Hi-Tech and Limagrain to cooperate to set up a JV
Yihai Kerry marches into China's seed industry
Analysis into Dunhuang Seed
Grand Agriseeds to get listed
COFCO to strengthen vegetable business
Guangdong Tianhe cooperates with Syngenta for vegetable seed business
Planting area of sweet corn increases quickly in China
China accelerates modern seed industry development
Government further pushes on GM crops
Seed treatment for corn hot in China
Companies mentioned Yuan Longping High-Tech Agriculture Co., Ltd., Limagrain, Yihai Kerry, Gansu Dunhuang Seed Co., Ltd.
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