China buyers in deals for more than 1 million tonnes of U.S. soy
Chinese buyers signed nine contracts for a total of more than 1 million tonnes (1.1 million tons) of U.S. soybeans at a ceremony in Chicago on Tuesday.
The purchases are for delivery to China, the world’s top soy importer, in calendar year 2015, said a U.S. trader at the ceremony.
The ceremony was held on the first day of the U.S.-China Joint Commission on Commerce and Trade, which runs through Thursday.
Buyers included state importers COFCO and Sinograin Oil Corp as well as Yihai Kerry Group, Chinatex Grains & Oils, Yuntianhua USA Inc and Jiusan USA Inc. They signed deals to buy from Archer Daniels Midland Co, Zen-Noh Grain, Louis Dreyfus [LOUDR.UL], Cargill [CARG.UL], Gavilon and Noble-Agri.
“These contracts were maybe for 100,000 or 200,000 tonnes apiece,” said a U.S. soy trader who requested anonymity. “We know they are going to buy the beans every year, but this type of ceremony really reinforces the relationship with our biggest customer.”
The deals had little impact on soybean futures prices at the Chicago Board of Trade, which languished near the session lows they hit before the ceremony. CBOT January soybeans were down 13-1/2 cents at $10.26 a bushel at 12:10 p.m. CDT (1.10 p.m. ET).
Traders said the agreements were relatively small for China, which is expected to import 74 million tonnes of the oilseed in the 2014/15 marketing year. The U.S. Agriculture Department’s export inspections report issued on Monday showed more than 1.3 million tonnes of soybeans destined for China were inspected in the past week.
Traders do not expect all of the agreed-upon contracts to show up in the USDA’s daily reporting system, which requires exporters to report large sales to a single destination within a day. Some of the signings on Tuesday will remain “frame contracts” with no specified price or shipping terms until a later date.
A similar signing ceremony in Milwaukee in September yielded purchase agreements for 4.8 million metric tons of U.S. soybeans. The USDA confirmed nearly 2 million metric tons in Chinese soy purchases over the next three days.
Michael Boddington from Asian Agribusiness Recruitment Training Development (AARTD) has been involved in agribusiness in Asia since 2000. AARTD has office both in Vietnam Ho Chi Minh City and China Beijing. So AARTD has a thorough understanding of the Vietnam and China agribusiness industry and produces up-to-date research reports on the market. We can offer insights on supply and demand trends and comments on the future structure of Asian agribusiness. If you would like to know more please email:michael@aartd.com
Source: http://www.reuters.com/article/2014/12/16/us-china-soybean-deals-idUSKBN0JU2FJ20141216
FONTERRA REVISES 2014/15 FORECAST MILK PRICE
Fonterra Co-operative Group Limited today reduced its forecast Farmgate Milk Price for the 2014/15 season from $5.30 per kgMS to $4.70 per kgMS. When combined with the previously announced estimated dividend range of 25-35 cents per share, this amounts to a forecast Cash Payout of $4.95 – $5.05 for the current season.
Chairman John Wilson said that although farmers were expecting this lower forecast, the revision will put pressure on their farming business budgets.
“There is still considerable volatility in global dairy markets,” said Mr Wilson.
“Right now we are seeing a number of factors that are delaying a sustained return to higher global prices.”
The global milk supply remains greater than demand, which has resulted in GlobalDairyTrade prices for Whole Milk Powder falling 16.9 per cent since late September, while Skim Milk Powder prices have fallen 7.7 per cent.
“Falling oil prices, geopolitical uncertainty in Russia and Ukraine, and subdued demand from China as it continues to work through inventory are all contributing to ongoing volatility and weak demand,” Mr Wilson said.
“Today’s revised forecast reflects the Board and management’s best estimates at this time. Given the uncertainty we are advising farmers to continue to be cautious with budgeting and we will update them as the season progresses.”
Chief Executive Theo Spierings said Fonterra was undertaking a targeted programme to generate more cash to support farmers.
“Cash is important for our farmers and for our Co-operative,” Mr Spierings said. “We will be further strengthening our tight controls on operating expenditure, and will be driving harder on working capital, and deferring capex – provided this does not slow progress on our V3 business strategy.
“This is a clear signal to farmers that we are all in this together. We are tightening our belts, just as they are.”
The Board expects to look at the estimated dividend range at the time it announces its Interim Result.
Fonterra is required to consider its forecast Farmgate Milk Price every quarter as a condition of the Dairy Industry Restructuring Act (DIRA).
Michael Boddington from Asian Agribusiness Recruitment Training Development (AARTD) has been involved in agribusiness in Asia since 2000. AARTD has office both in Vietnam Ho Chi Minh City and China Beijing. So AARTD has a thorough understanding of the Vietnam and China agribusiness industry and produces up-to-date research reports on the market. We can offer insights on supply and demand trends and comments on the future structure of Asian agribusiness. If you would like to know more please email: michael@aartd.com
Source: http://www.fonterra.com/global/en/hub+sites/news+and+media/media+releases/fonterra+revises+201415+
forecast+milk+price/fonterra+revises+201415+forecast+milk+price
Vietnam’s restructured livestock industry
The Vietnamese Ministry of Agriculture and Rural Development has proposed a restructuring plan affecting the livestock industry in the country.
Austfeed CEO Dao Manh Luong, in his presentation on the Vietnamese livestock industry, said circulars from the government outlined the restructuring plan affecting livestock production in te country.
He said pig production in the Red River Delta would decrease from 25.74% last year to 15% in 2020.
Production in the Northwest and Northeast, meanwhile, would increase from 24.1% last year to 30% in 2020. The north central region will see an increase from 19.38 to 24% in the same period while the central highlands from 6.58% to 15% in the same period.
Poultry will maintain its production in the Red River and Mekong River Delta areas while production in the central highlands will see an increase in production from 5.5% to 20%.
Duck too will maintain its production figures in the Red river and Mekong River Delta areas, and see an increase in production in the northwestern from 9.48% to 15%, and the central coast from 23.3% to 31%.
He said the government wants to create a more efficient and productive animal protein industry. “it also aims to increase the consumption of milk, egg and meat by the year 2020,” he said.
Michael Boddington from Asian Agribusiness Recruitment Training Development (AARTD) has been involved in agribusiness in Asia since 2000. AARTD has office both in Vietnam Ho Chi Minh City and China Beijing. So AARTD has a thorough understanding of the Vietnam and China agribusiness industry and produces up-to-date research reports on the market. We can offer insights on supply and demand trends and comments on the future structure of Asian agribusiness. If you would like to know more please email: michael@aartd.com
Source: www.asian-agribiz.com
Asia, steady recovery in shrimp production projected
The 2014 Global Aquaculture Alliance survey of production trends in shrimp farming polled 33 respondents from Asia and the Oceania shrimp producers. Asian production fell 21% in 2013 to around 2.7 million tonnes, with the most substantial declines taking place in China and Thailand. Although production in China is expected to recover this year from 1.1 to 1.2 million tonnes, output in Thailand is expected to decline even further to 200,000 million tonnes, with an eventual partial recovery in 2015. Production in Vietnam, Indonesia and India is expected to increase steadily between 2013 and 2016, with Vietnam and India achieving double-digit growth rates. By 2016, Vietnam, Indonesia, India and Bangladesh are expected to reach 590,000; 450,000; 395,000 and 107,000 million tonnes, respectively, in production. Thailand could drop from second to fifth place in the region, producing 328,000 million tonnes in 2016. Output in China is expected to reach 1.3 million tonnes in 2016, 16% below the record quantities achieved in 2011. These forecasts assume that impacts from diseases are reduced to manageable levels.
Michael Boddington from Asian Agribusiness Recruitment Training Development (AARTD) has been involved in agribusiness in Asia since 2000. AARTD has office both in Vietnam Ho Chi Minh City and China Beijing. So AARTD has a thorough understanding of the Vietnam and China agribusiness industry and produces up-to-date research reports on the market. We can offer insights on supply and demand trends and comments on the future structure of Asian agribusiness. If you would like to know more please email: michael@aartd.com
Source: http://www.asian-agribiz.com/display.aspx?PageID=0&MemberID=0&screenheight=900&screenwidth=1600#
More meat producers in China eyeing export opportunities in Russia
Five more Chinese companies have filed requests with China’s General Administration of Quality Supervision, Inspection and Quarantine to export meat products to Russia. The five companies are Shunxin Agriculture Co in Beijing, Linyi Xincheng Jinluo Meat Products Group Co in Hunan, the Delisi in Shangdong, China Yurun Group in Jiangsu and Sichuan Gaijin Food Co in Sichuan. Pork imports by Russia from China have resumed for the first time since 2004. China is set to increase the number of pork suppliers to the Russian market to 10 companies. Currently, only two Chinese enterprises, WH Group and Beidahuang, are allowed to export meat to Russia. The WH Group has already exported at least 3000 tonnes of frozen meat from its Heilongjiang Province subsidiaries to Russia.
Michael Boddington from Asian Agribusiness Recruitment Training Development (AARTD) has been involved in agribusiness in Asia since 2000. AARTD has office both in Vietnam Ho Chi Minh City and China Beijing. So AARTD has a thorough understanding of the Vietnam and China agribusiness industry and produces up-to-date research reports on the market. We can offer insights on supply and demand trends and comments on the future structure of Asian agribusiness. If you would like to know more please email: michael@aartd.com
Source: http://www.asian-agribiz.com/display.aspx?PageID=0&MemberID=0&screenheight=900&screenwidth=1600#
Corn Stocks Lowered to Just Below 2 Billion Bushels
Global coarse grain supplies for 2014/15 are projected 1.1 million tons higher. Higher corn production for China and EU, higher rye production for Russia, and higher oats production for Canada, more than offset lower expected corn and barley output for Argentina. Upward production revisions largely reflect the latest official government estimates and harvest results. Corn production for Argentina is lowered 1.0 million tons reflecting lower expected plantings, but the reduction in area is partly offset by higher expected yields with abundant early season soil moisture in key growing areas.
Global coarse grain consumption for 2014/15 is raised 2.5 million tons mostly on higher expected barley and mixed grain feeding for EU and higher sorghum feeding for China. Corn feeding is also raised for EU driving the increase in projected foreign corn consumption. EU livestock and poultry feeders are expected to shift rations toward coarse grains as abundant supplies and stronger wheat exports make coarse grain feeding more competitive.
Global coarse grain trade for 2014/15 is mostly unchanged. China corn imports are lowered, but China sorghum imports are raised. Mostly offsetting the increase for China sorghum is a reduction for Japan sorghum imports. Barley imports are raised for Saudi Arabia. Barley exports are lowered for Argentina, but partly offset by an increase for EU. World corn exports are lowered slightly with a reduction for Argentina only partly offset by an increase for Vietnam. Global ending stocks are projected 0.7 million tons higher mostly reflecting the larger China corn crop. Small reductions in U.S. and EU corn stocks partly offset the increase for China.
Michael Boddington from Asian Agribusiness Recruitment Training Development (AARTD) has been involved in agribusiness in Asia since 2000. AARTD has office both in Vietnam Ho Chi Minh City and China Beijing. So AARTD has a thorough understanding of the Vietnam and China agribusiness industry and produces up-to-date research reports on the market. We can offer insights on supply and demand trends and comments on the future structure of Asian agribusiness. If you would like to know more please email: michael@aartd.com
Source: http://www.agweb.com/article/wasde-corn-stocks-lowered-to-just-below-2-billion-bushels-agwebcom-editors/
Vietnam looks to upgrade farms to industrial scale
Vietnam’s Ministry of Agriculture and Rural Development wants to promote livestock breeding on larger farms and gradually shift farming in high-population density areas such as deltas to low-population density areas in the rural and mountainous areas.
The restructuring plan, aimed at increasing the value and sustainability of livestock farming, will also set up disease-free livestock breeding areas away from cities and residential areas.
The Ministry wants to increase the number of chickens raised on farms from 30% to 60%, duck from 20% to 60% and pig from 30% to 52%. The plan targets a higher rate of poultry, cow and buff alo meat aspart of the livestock sector, relative to the amount of pork.
The plan expects exports of 70,000-100,000 tonnes of duck meat and 1-2 billion salted duck eggs a year by 2020 while exports of pork is expected at about 1 million tonnes. The number of ducks raised would rise from 84 million in 2013 to 100 million by 2020.
The ministry will also offer training courses on breeding disease-free livestock to farmers and farm owners.
Michael Boddington from Asian Agribusiness Recruitment Training Development(AARTD) has been involved in agribusiness in Asia since 2000. AARTD has office both in Vietnam Ho Chi Minh City and China Beijing. So AARTD has a thorough understanding of the Vietnam and China agribusiness industry and produces up-to-date research reports on the market. We can offer insights on supply and demand trends and comments on the future structure of Asian agribusiness. If you would like to know more please email: michael@aartd.com
Source：www.asian-agribiz.com
Vietnam feed industry market situation
The demand of animal feed in VN always increase of 13-15% per year, It’s forecasted to reach 18-20 million tons of feed in 2015, with annual sales up to USD6 billion. Obviously this is a lucrative market, but local companies are completely overshadowed.
According to the livestock husbandry, Vietnam currently has 239 feed mills, including 180 local feed mills and 69 feed mills with 100% foreign investments. But foreign companies make up very large proportion of output, accounting for 60-65% of the total feed production.
CP Vietnam Livestock JSC now occupies the highest market share with 19.42% of the total production in the market; the next is the Cargill Vietnam Co. Ltd with 8.11% and other foreign companies.
Specifically, CP currently holds 40% market share for the chicken industry sectors; 50% market share in the egg industry and 18-20% market share in feed industry, as well as holding 5% of the total output of pig production in Vietnam. The largest source of revenue of CP is from feed production (accounting for 62.2% of total revenue). Although CP currently has approximately 3,000 dealers provide food all over the country, however, CP is expected to open additional 10,000 retail stores nationwide and build six feed mills in VN in 2014.
Along with CP, Cargill had 6 processing feed mills, bringing the capacity up to 1 million tons per year. The feed mills are located in Hung Yen, Dong Nai, Long An, Ha Nam, Binh Dinh.
According to Vice President of the Poultry Association of Southeast delta, Mr Au Thanh Phong said: “The price of feed in VN is higher 20% than in neighboring countries such as Indonesia, Thailand. With this price, feed companies can get 11-15% of profit after 5% VAT, while prescribed profit for this item in Thailand is only about 5%”.
Michael Boddington from Asian Agribusiness Recruitment Training Development (AARTD) has been involved in agribusiness in Asia since 2000. AARTD has office both in Vietnam Ho Chi Minh City and China Beijing. So AARTD has a thorough understanding of the Vietnam and China agribusiness industry and produces up-to-date research reports on the market. We can offer insights on supply and demand trends and comments on the future structure of Asian agribusiness. If you would like to know more please email: michael@aartd.com
Source: http://channuoivietnam.com/thi-truong-thuc-chan-nuoi-dn-ngoai-cam-dang-chuoi/
Pork supply source will be stable in Tet holiday
This is the time farmers prepare breeding pig for Tet holiday 2015. Dong Nai province has biggest pig herd in Vietnam with 1.4 million pig, up 100,000 head compared with 2013. The current price of live pig is VND47,000 per kg, this price is not as high as price in October 2014 but the farmers could still get profit.
On Tet holiday, the price of pork will not increase strongly compared with current price because pork sources has been reserving abundant in the farms, and large companies.
At CP, they are linking with farmers to provide 300,000 tonnes of pork each year, the size of pig farm is 1,000-10,000 pigs. CP Vietnam also linked with farmers to produce PS sows with the size of 600-2,400 sows.
VISSAN prepares 3,300 tonnes of meat and 2,500 tonnes of food processed for Tet, up 10% compared with Tet 2014, the reserves meat is enough for quarter I/2015.
Michael Boddington from Asian Agribusiness Recruitment Training Development (AARTD) has been involved in agribusiness in Asia since 2000. AARTD has office both in Vietnam Ho Chi Minh City and China Beijing. So AARTD has a thorough understanding of the Vietnam and China agribusiness industry and produces up-to-date research reports on the market. We can offer insights on supply and demand trends and comments on the future structure of Asian agribusiness. If you would like to know more please email: michael@aartd.com
Source: http://channuoivietnam.com/nguon-cung-thit-heo-cuoi-nam-du-hang-gia-khong-tang/
Livestock situation in Hanoi, Vietnam
Hanoi develops livestock industry with more than 1.4 million pigs and 19.3 million poultries. Beef production yearly is 9,600 tons; milk yield is 29,000 tons; pork production is 303,000 tons, and chicken production is 61,600 tons each year. The whole city has 3,259 farms including those are in large-scale production and outside residential areas. Of these, there are 102 cow farms, 716 pig farms, and 2441 poultry, waterfowl farms.
Michael Boddington from Asian Agribusiness Recruitment Training Development (AARTD) has been involved in agribusiness in Asia since 2000. AARTD has office both in Vietnam Ho Chi Minh City and China Beijing. So AARTD has a thorough understanding of the Vietnam and China agribusiness industry and produces up-to-date research reports on the market. We can offer insights on supply and demand trends and comments on the future structure of Asian agribusiness. If you would like to know more please email: michael@aartd.com
Source: http://www.vietlinhjsc.com/
