Corn Products China News

Welcome to the July issue of Corn Products China News

Governmental Direction

In July 2025, the U.S. made a preliminary determination on anti-dumping against erythritol imported from China.

Company Dynamics

• In July 2025, Meihua Bio completed the acquisition of Kyowa Hakko Bio. In recent years, Meihua Bio's feed amino acids segment has performed impressively, mainly due to the increase in sales of lysine and threonine.
• In July 2025, COFCO Tech's enzyme-based process for producing allulose was approved, making COFCO Tech the first and only company in the country to be allowed to market D-allulose produced through an enzyme-based process.
• In H1 2025, Fufeng Group's performance surged significantly, and the compensation received from Xinjiang Meihua and Meihua Biology.

Project Update

• EI report of China Musashino's Phase II food product expansion project approved
• Yihai Kerry (Fuyu) to build 277,800 t/a glucose syrup project
• Heilongjiang Mingrui's 50,000 t/a xylitol project

Price Update

• Entering July, the market supply and demand contradictions continue to intertwine and affect each other, with DDGS prices falling from high levels, and the price differences between major production areas gradually expanding.

Import and Export

From 2015 to 2024, China's corn imports and exports both increased significantly. Imports grew at a higher rate than exports, leading to a consistent net import position with a substantial widening of the net import gap.

1. The USD/CNY exchange rate in this newsletter is USD1.00=CNY7.1534 on 1 July, 2025, sourced from the People's Bank of China. All the prices mentioned in this newsletter will include the VAT, unless otherwise specified.

2. Except for the import & export analysis, other % changes in this newsletter are calculated in RMB.