Welcome to the July issue of Sweeteners China News
Policy:
Steviol glycosides derived from fermentation, 2'-FL, and LNT are expected to be approved as new food additives in China.
Company dynamics:
Sucralose producer Newtrend plans to go public on the Hong Kong Stock Exchange.
Projects:
- Completed projects:
- Henan Jinyufeng's "HFCS and maltose syrup project"
- Proposed projects:
- BLB's "HMOs project"
- Futaste Pharma's "xylose and L-arabinose expansion project" and "functional sugar alcohol upgrading project"
- Jiangsu OGO's "isomaltulose and inositol project"
- Nantong Changhai's "isomaltulose and isomalt project"
- Anhui Jinhe's "allulose, mogrosides, FOS, and GOS project"
In July, after rising in early to middle of the month, glucose monohydrate prices then dropped amid reduced demand and costs and stable supply.
In this monthly report, the USD/CNY exchange rate is USD1.00=CNY7.1265 (Source: The People's Bank of China, 1 July, 2024). Unless otherwise stated, all prices involved in this report include VAT.
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