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Seed China News 1306

Seed China News 1306 - new market research report published


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2014-02-12 16:05:01 - Seed China News 1306 - a new market research report on companiesandmarkets.com

This is an annual subscription product, with regular updates throughout the year.Ministry of Agriculture approved three varieties of genetically modified (GM) soybeans for import as processing materials. according to the news reported by Xinhua News Agency (the official news agency of China) on 13 June.

Ministry of Agriculture has issued bio-safety certificates to three varieties of GM soybean, namely herbicide-tolerance CV127 developed by BASF, pest-resistance MON87701 and MON87701×MON89788 (R22) that can resist pests and herbicides developed by Monsanto. So far there have been eight varieties of GM soybeans approved by China, and all the imported GM soybeans are used as processing materials.

The history of China importing GM soybean has been lasting 16 years since 1997, but the market access system

 

 

of GM products in China didn´t come into effect until 2004. As we know, the GM products access system is not only responsible for the ecological environment and human health, but also a trade barrier that protects agricultural products at home. Surprisingly, China´s imported GM soybeans were less affected. The total import volume of soybean has maintained growth since 2003, and most of the import soybeans were GM soybeans. The import volume in 2011 and 2012 respectively reached 51.83 million tonnes and 58.38 million tonnes, while the output at home remained about 12.00 million tonnes.

The large import volume of GM soybean is mainly attributed to the factors as follows. For one thing, the limited cultivated land and the total population in China gives rise to the huge gap between supply and demand. For another, GM soybeans of low price and high oil yield appeal to the domestic suppliers.

The rapidly increasing amount of imported GM crops has been arousing the wide public concern in China. Moreover, that the security assessment process is unknown to the public increased the public´s worries about the safety of GM crops. However, owing to the strong demand for food, China´s import of soybean is expected to be on the increase in the future. Overseas companies will continue to apply for biosafety certificates in China, one of the most important food markets in the world.

Key Headlines

On May 7, 2013, Ministry of Agriculture of the People´s Republic of China issued notice on thoroughly inspecting seed stores nationwide, aiming to solve the fake seed problem.

Corn as a main grain ration in Guangxi is widely cultivated throughout the region all the year round; foreign corn hybrids, like Zhengda series varieties and DK series varieties, dominate the corn planting in Guangxi.

Driven by the growing demand and considerable planting benefits, fruit cucumber has showed an increase in planting area in China.

The company applied for listing in the capital market at the end of 2012, full of confidence to win the approval of its IPO application. But the high threshold of the IPO is the incertitude factor.

Shandong Denghai announced that it was going to set up a holding subsidiary called Denghai Huayu, in order to further enhance Shandong Denghai´s market competitiveness by expanding its seed sales and enriching the variety resources.

Jiangsu Mingtian is setting up a subsidiary in Sihong County, northern Jiangsu to expand the business scale and enhance the market share of open-pollinated rice and wheat varieties, by making use of the policy and resource advantages in northern Jiangsu.

Owing to the great domestic demand and the delayed planting, the import volume of corn is expected to be on the increase, but unlikely to see an increase as significant as in 2012 when the import volume was three times of that in 2011.

China´s rice imports will hit a new high in 2013 following the highest import volume in the previous year.

China´s seed treatment agents is ushering in excellent development momentum and there will be more abundant varieties of seed treatment agent products developed in future.

The project of the whole genome sequencing of peanut, launched by China´s scientists, was officially declared completed on Jun 17, 2013. It is predicted that there will be huge changes in peanut in the future.

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