玉米产品中国新闻

Welcome to the April issue of Corn Products China News

Governmental Direction

99 genetically modified corn and soybean varieties passes the national variety approval

Project Update

• Shanxian Longyu's furfuryl alcohol project
• Dongshan District's 50,000 t/a xylitol project
• Harbin Xirui Group's 50,000 t/a corn stover deep-processing alditol project
• COFCO's 550,000 t/a starch sugar project
• Bayannur Huaheng adds 210,000 t/a functional sugars and 4,000 t/a refined amino acids

Company Dynamics

• NHU achieved a revenue of USD3.01 billion (RMB21.61 billion), representing a YoY increase of 42.95%; net profit was USD817.83 million (RMB5.87 billion), a YoY increase of 117.01% in 2024.
• Fufeng Group's 2024 revenue slightly decreased, with a 26.5% YoY drop in profit.
• China Starch's 2024 gross profit surged 108.9% to USD161.62 million, and profit after taxation rose 301.5% to USD87.16 million.
• Star Lake Science's revenue was USD2.41 billion (RMB17.33 billion), a YoY decrease of 0.23%; Net Profit was USD131.40 million (RMB943.15 million), up 39.12% YoY.

Price Update

• As of 25 April, the price of 70% lysine showed a slight decline, while the prices of 98% lysine and threonine remained stable.

Import and Export

• In March 2025, China's corn imports dropped by 95.12% YoY, primarily due to increased domestic production, policy adjustments, and US tariffs. Brazil emerged as the top supplier.

1. The USD/CNY exchange rate in this newsletter is USD1.00=CNY7.1775 on 1 April, 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.