玉米产品中国新闻(玉米产品中国新闻202212)

The ex-works price of MSG in China decreased slightly in Q4, which was primarily due to the disrupted transportation caused by the pandemic, and the weak market demand.

Policy

• On 12 Dec., the People's Government of Fuyu County publicised the EI report of the master plan for Qiqihar City (Fuyu) Bio-based New Material Circular Economy Industrial Park (2022–2030) to solicit public opinion.
• The CBFIA issued a notice to solicit public opinion on the National Standard for Feed Additive L-Leucine and other three feed additive association standards.

Market Analysis

• In early Dec., three companies—DBN, Wens Foodstuff and New Hope Liuhe unveiled their sales of live hogs in Nov.
• In Dec., the EI report of Lingang Lida's Lida Grains & Oils Production Base project was accepted and publicised; the EI report of Liaoning Anyou's expansion and retrofitting project was made public before giving approval.

Company Dynamics

• On 2 Dec., the EI report of Northeast Fufeng's 500,000 t/a amino acids production project was publicised before getting approval.
• Chuanning Biotech unveiled its prospectus for an initial public offering (IPO) of shares and ChiNext listing on 7 Dec.
• On 15 Dec., the EI report of Qilu Biotech's retrofitting MSG production line for production of 50,000 t/a feed additive project was publicised for the second time.
• On 23 Nov., the completion and acceptance inspection report of completed environmental protection facilities of Tianjiang Biotech's 100,000 t/a modified starch project (Phase II) was made public.

Import and Export

• From Jan. to July, 2022, China's corn starch exports increased on the whole, but since Aug., the export volume has declined sharply due to the policy.

The USD/CNY exchange rate in this newsletter is USD1.00=CNY7.1225 on 1 Dec. 2022, sourced from the People's Bank of China. All the prices mentioned in this newsletter will include the VAT, unless otherwise specified.