玉米产品中国新闻(玉米产品中国新闻202301)

In 2022, citric acid prices in China kept rising in H1, but starting from H2, prices were on the decline and then stabilised at a low level.

Policy

• On 30 Dec., 2022, an amendment to the Foreign Trade Law of the PRC passed, cancelling Article 9 of registration requirements for foreign trade operators.

Market Analysis

• In 2022, China's corn prices fluctuated on the whole, as a result of relatively sufficient supply and weak downstream demand.
• China's MARA granted safety certificates for another batch of GM corn varieties, speeding up the commercialisation of GM corn in China.

Company Dynamics

• On 6 Jan., the EI report of Nantong Changhai's 6,000 t/a nutritional enhancer resistant dextrin project was accepted and publicised; on 7 Jan., the EI report of Zhongyu Food's 240,000 t/a starch-based sugar project was disclosed to the public.
• On 13 Jan., the monitoring report on the inspection and acceptance of the completed environmental protection facilities of Chifeng Joycome's project of building a new 100,000 t/a production line in 220,000 t/a feed factory was publicised for the first time.
• In the mid-Jan., Dazecheng Biotech's 1 million t/a corn deep-processing project (Phase I) and Dragon-Phoenix Corn's 20,000 t/a erythritol project were both completed.
• In Jan., the EI report of the livestock industrial park project was publicised before getting approval and the completion and acceptance inspection report of completed environmental protection facilities of Huarong Runfeng's 18,000 breeding pigs project (6,000 pigs for Phase II) was disclosed to the public.
• On 5 Jan., the Chengde Municipal Ecology and Environment Bureau publicised the EI report of Chengde Tianfeng's project of producing 5,500 t/a of pectinase from stover.

Import and Export

• China's export volume and price of citric acid marked notable growths in Jan.–Nov. 2022 from the same period last year.

The USD/CNY exchange rate in this newsletter is USD1.00=CNY6.9475 on 3 Jan. 2023, sourced from the People's Bank of China. All the prices mentioned in this newsletter will include the VAT, unless otherwise specified.