Corn Products China News 1108

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Sep 07, 2011, 05:20 ET

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In July 2011, China's CPI climbed to a new record high—6.5%—this year as expected; the escalating pork price is still a propelling force to it. It's no doubt that the high pork price stimulates pig breeding, and the feed industry enjoys booming development currently, which becomes a key supporter of the current price increase of some corn products, such as lysine, vitamin B2 and corn.

Domestic high inflation this year exerts higher cost pressure on corn product producers in H1 2011 over H1 2010, causing much negative effects to gross profit margin, according to producers' 2011 interim reports. And it's believed that in H2 2011 this high-cost situation might not turn around, so how to cope with the high cost pressure is a key problem for producers during this period.

Zhengda Linghua suspends lysine production because it's removing to Liangshan County and expanding lysine capacity to 100,000t/a in new factory.

China exported 376,053 tonnes of citric acid in H1 2011, decreasing by 1.2% over H1 2010.

Both import and export volumes of Chinese corn products decline in June 2011 compared with the previous month.

In Aug. 2011, VC's price keeps stable while VB2's sees a slight increase after some large producers suspend production.

Glucose monohydrate price has been dropping in recent two months.

The first national standard for mixed food additives was published in July 2011 and will take effect on 5 Sept. 2011.

China may issue Announcement on the Trial on Input VAT Deduction Management Practices in Part of the Agricultural Industry to curb domestic inflation; corn oil industry may be benefited.

High-value added amino acids will become a profit growth point of Meihua Group in the future.

Huakang Pharmaceutical launched production lines of high fructose corn syrup with 100,000t/a capacity in July 2011.

In H1 2011 Baolingbao saw a slight increase in gross profit margin over H1 2010 majorly thanks to good performance of HFCS business.

Import volume of potato starch in H1 2011 significantly declined compared with H1 2010.

Corn price may maintain an uptrend until new corn is marketed in China.

Zhengda Linghua suspends lysine production for relocation and capacity expansion

376,053 tonnes of citric acid exported in H1 2011

Chinese corn products Imp. & Exp. analysis in June 2011

VC price keeps stable and VB2's rises slightly in Aug. 2011

Glucose monohydrate price drops in recent two months

Standard for mixed food additives to be implemented in Sept. 2011

Corn oil industry may welcome potential adjustment to VAT system