Welcome to the March issue of Sweeteners China News 202503
Policy
CFSA released a public consultation on new enzyme varieties aminopeptidase and xylanase, new food nutrition fortifiers 3-fucosyllactose and lacto-N-tetraose, the supplemented quality specifications of food nutrition fortifier 2'-fucosyllactose, and so on.
Company dynamics
Newtrend submitted its prospectus to the Hong Kong Stock Exchange once again.
Benyue Biological achieved a YoY revenue growth of 65.07% and a YoY net profit growth of 736.39%.
Completed project
Tangbaobao's 2,000 t/a steviol glycosides project (Phase I)
Nanle Shengjiu's arabinose and commercial-grade xylose retrofitting project
New project
- Nantong Jiazhiwei's 100,000 t/a rice syrup production project
- Jiangxi Hengdeng's 40,000 t/a rice starch-based syrup and 2,000 t/a rice protein powder/peptide project
- Huangshan Tongxi's 3,000 t/a HMOs expansion project
- Nantong Teanol's 20 t/a theaflavins and 100 t/a multifunctional glycosides through enzymatic biosynthesis project
Price update
In March, the profit margin for monohydrate glucose declined, primarily due to the substantial rise in corn prices.
In this monthly report, the USD/CNY exchange rate is USD1.00=CNY7.1745 (Source: The People's Bank of China, 3 March, 2025). Unless otherwise stated, all prices involved in this report include VAT.
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