China brews soybean industrial policy adjustment

Summary: China is brewing soybean industrial policy adjustment, eyeing that the import volume

of soybean hit a new record high in 2012 while domestic soybean production and processing

industry continued to shrink in recent years.

Tags: domestic soybean, policy adjustment, import value, price subsidy, agricultural

China is brewing soybean industrial policy adjustment, eyeing that the import volume of soybean

hit a new record high in 2012 while domestic soybean production and processing industry

continued to shrink in recent years. It's estimated that China would issue some new policies,

hoping to improve the enthusiasm of farmers to grow soybeans and enhance the self-sufficiency

rate of domestic soybean, according to CCM’s latest issue of AgriChina News Alert 1301 .

In recent years, China’s soybean import volume showed an upward trend year by year while the

output of domestic soybean has been declining. According to China Customs, China has imported

58.38 million tonnes of soybean in 2012, with an increase rate of 10.9% year on year.

At present, soybean industry insiders and food experts are expecting the supporting policy on the

adjustment of soybean price eagerly. Price subsidy is considered to be a helpful policy tool. It is

understood that the government would subsidize the price difference when the target price which

provides a reasonable return to farmers is higher than current market price. Some experts also

suggest that China should develop policies to support domestic soybean enterprises, including but

not limited to tax incentives and government grants.

Table Contents of AgriChina News Alert 1301:

2012 China's agricultural produces output sees increase

2013 Lowest purchasing price of rice released

China imports corn from Argentina for the first time

2012 Import & export of agricultural produces in China

MOA suggests increasing 2013 lowest purchasing price of rice drastically

China's main grain production area shifts northward

Gumuzhen: 2012 net profit would decrease by 80%-93%

Shaanxi: an important fruit production region both for China and the world

Edible Fungi Research Center founded in Yunnan Province

China's cigarette output up less than 2.4% in 2012

China brews soybean industrial policy adjustment

MOF allocates USD19.4 billion subsidies to support spring farming

China: cotton reserve measure facing with dilemma

Twelfth Five-Year Circular Agriculture and Crop Straw Utilization Policy Seminar held

Oil content of China's rape variety YN171 breaks world record again

Sinograin purchased 37.47 million tonnes of grain in 2012

China's accumulated occurrence area of pests and diseases to hit 367 million ha. in 2013

Five kinds of agricultural production supported by central financial

2012: China's enterprises purchased 314 million tonnes of grain

Seed companies' competitiveness to be enhanced in future few years

Biological Industry Development Plan to benefit seven main sub-industries

Denghai Seeds invests in a new subsidiary

Seventh China Biological Industry Convention to be held in June 2013

China to build three state-level grain seed production bases

2012: China's pesticide technical output and profit both increase

2012: Abamectin-aminomethyl becomes the hottest registered pesticide in China 10

Both volume and value of China's pesticide import & export increase greatly

Domestic pesticide demand to see growth in 2013

Consolidation of pesticide industry accelerates in China

Canpotex to offer Sinofert one million tonnes of potash fertilizer in H1 2013

China Ocean University Organism signs agreement with World Horticultural Exposition

Overcapacity intensifies competition of China's fertilizer industry

Agricultural machinery and technology integration project launched in Wuhu, Anhui

MOA revises 2013 state supporting agricultural machinery product list

State-level High Yield & Quality of Alfalfa Demonstration Project located in Huanghua, Hebei

AGCO increases investment in China

Fast-growing chicken calls for more supervision

Gaoping City again introduces live pig project

Chongqing to build state-level pig trading market

Twelfth Five-Year Plan for National Livestock & Poultry Breeding Pollution Prevention issued

DHN: 2012 net profit to increase by 8%-28% YoY

2012: Number of China's live pig slaughtering enterprises declines by 26.2%

Kondarl acquires the largest pig breeding enterprise in Xiamen

Zhengbang Group to invest USD317 million in pig industry in Bayan, Heilongjiang

Sunner Development: 2012 net profit to decline by 70%-100%

Market risk fund of pig industry development launched in Ziyang, Sichuan

Pork price up sharply in early 2013 but may not continue in the whole year

Beef price rises for 11 consecutive years

China sees large increase in pork import

2012 Jiangxi leading animal husbandry enterprises gain USD16 billion in revenue

Sanquan Food intends to invest in pig breeding industry

Output of Hubei's freshwater aquatic products ranks No. 1 for 17 years continuously

Strategic cooperation established between CMBC and China Fisheries Association

China's first state-level freshwater aquatic product wholesale market located in Jingzhou

Haid Group to invest USD188 million in nine feed projects

First aquatic index in China officially released

Baiyang Group intends to purchase 100% shares of Jiadexin Food

The U.S. launches countervailing investigation on shrimp from China

2012 Guangdong Port exports of aquatic products & seafood see increase

Yashili invests USD175 million to build new milk powder factory in New Zealand

Domestic vegetable prices continue to rise in Jan. 2013

Yunnan coffee tries to gain pricing right

Lu Zhou Lao Jiao makes great efforts to develop medium-end white spirit

Jiugui Liquor: net profit down 43% at least in Q4 2012

2012/2013 State reserve of sugar launched

Heilongjiang: Q1 2013 raw milk purchasing price determined

Huishan Dairy to launch infant formula

Shunxin Agriculture to invest USD76 in wine project

COFCO Tunhe: 2012 net loss predicted to hit more than USD111 million

Mengniu Dairy denies rumors of taking over Modern Farming

China intends to finish existing food standards clear-up work by the end of 2013

China's CPI in Dec. 2012 up 2.5% YoY

China's urbanization rate hits 52.57% in 2012

China's 2012 GDP growth at 7.8%

China's 2012 foreign trade growth misses 10% target

Online shopping continues surging in 2012

AgriChina News Alert, daily newsletter online issued by CCM starting from February 2013,

(previously a monthly publication issued on every 31st), offers timely news covering a variety

of industries, including marine lives, stockbreeding, forestry and so forth.

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