China's Corn Industry (2008-2009)

Publication Date	April 2009
Publisher	Hubei Shennong Information
Product Type	Report
Pages	117
ISBN Number	not applicable
Product Code	HIS00005

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Summary

Research Background

The main characteristics of change following the ups and downs experienced by China's corn market in 2008 are as follows:

1. The price of oil in international market jumped up sharply in the first half of 2008. The corn ethanol industry developed rapidly and the global demand for corn increased with the prices rising perpendicularly. The global economic situation worsened in the latter half of 2008 with a significant decline in the international price of corn and a perpendicular drop in oil prices.
2. The planted acreage in major corn producing regions decreased in 2008 as the planting benefit was lower than that of the soybean. However, the yield of corn had increased by a large margin, so the total production was over 160 million tons, the highest output in history.
3. On the whole, livestock and poultry raising recovered slowly in China in 2008. The development of livestock raising industry was limited and the demand for feed corn decreased because of the influences of large increase in feed cost, limitations in market requirements, livestock and poultry pestilence, melamine contamination emergencies and so on. The consumption of feed corn was expected to be 85.5 million tons in 2008, 5% less than the previous year.
4. The difficulties facing the corn processing industry ranged from rising costs, falling demands, obstructed export, running at a loss, and so on. These resulted in the output of major processed products falling. The consumption of corn in processing industry fell to 35 million tons, 4% less than the previous year.
5. Following the significant increase in international grain prices in 2007, three measures were promulgated by the Chinese government in order to guarantee domestic corn consumption, abolish export tax rebates, impose a tentative export tariff and to administer export quota. The amount of corn exported in 2008 fell off sharply to 250,000 tons, 5.1% of the total exported amount in the previous year.
6. The total corn stock will be 30 million tons this year and the proportion of stock for consumption will rise to 36.4%, therefore the supply-demand pattern has been changed from tense balance to loose supply.
7. Against the backdrop of supply-demand and sharp price fluctuations in global corn market, Chinese government strengthened the regulation and control of corn market by purchasing and auctioning a large quantity of stock corn.Therefore, China's corn market operationed stably in 2008, and the extent of price fluctuations were much smaller than that in the international market.The corn market showed a obvious characteristics of policy regulation, increasingly.
8. China's corn market will be running in a loose supply-demand environment. The great amount of 40 million tons corn purchased by government will limit the decrease space of domestic corn price, and the succedent auction will also prevent the rise in price by large margin. The main tone of operation in corn market will be stable in 2009, and the feature of policy regulation will be more obvious, as well.

Content

Research Background I
Part One: China's Corn Production
- 1.1 Variation in Price and Supply-Demand in the Global Corn Market in 2008
- 1.1.1 The Slight Drop in Output of Global Corn in 2008
- 1.1.2 Growing Global Demand for Corn Driven by Fuel Alcohol Industry
- 1.1.3 Decline in Global Corn Stock in 2008
- 1.1.4 The Rising then falling of Global Corn Prices in 2008
- 1.2 Characteristics and Variation in China's Corn Production
- 1.2.1 The Status of China's Corn in the Global Corn Market
- 1.2.2 Characteristics of Distribution of China's Corn Production
- 1.2.3 Characteristics of China's Corn Production in 2008
- 1.3 Analysis of Production Costs and Benefits of China's Corn
- 1.3.1 Variation in Production Costs and Benefits of China's Corn
- 1.3.2 Analysis of Production Costs and Benefits of Chief Crops in Northeast China
- 1.3.3 Analysis of Production Costs and Benefits of Chief Crops in the Huang-Huai-Hai Plains
- 1.3.4 Analysis of Production Costs and Benefits of Major Corn Producing Provinces
- 1.3.5 Decline in Planting Benefits in Major Corn Producing Areas in 2008
- 1.4 Prospects of China's Corn Production in 2009
- 1.4.1 The Slight Drop in Planting Area for Corn in 2009
- 1.4.2 The Increase in Benefits from the Previous Year for Corn Planting in China in 2009
Part Two: Analysis and Prospects of Characteristics of China's Corn Trade in 2008
- 2.1 Characteristics of Corn Export in China in 2008
- 2.1.1 Policy Measures Restricting Export in China
- 2.1.2 The Significant Decease in China's Corn Export
- 2.1.3 The Noticeable Rise in Export Prices
- 2.1.4 East Asia: the Major Export Destination
- 2.1.5 Jilin: A Major Corn Export Province
- 2.1.6 Main Corn Export Enterprises in China
- 2.2 Characteristics of China's Corn Import in 2008
- 2.3 Prospects of Trends for Corn Trade in China in 2009
- 2.3.1 Policy Measures Encouraging Corn Export in China
- 2.3.2 Management of Import Quotas for China's Corn
- 2.3.3 Prospects of Trends for Corn Trading in China in 2009
Part Three: Variation and Prospects of Corn Demand in China's Corn Processing Industry
- 3.1 The Change and Development of China's Corn Processing Industry in 2008
- 3.1.1 The Developing Situation of China's Corn Processing Industry
- 3.1.2 The Major Changes in China's Corn Processing Industry in 2008
- 3.2 Analysis of China's Corn Ethanol Market in 2008
- 3.2.1 Characteristics of China's Ethanol Products
- 3.2.2 Distribution of China's Corn Ethanol Production
- 3.2.3 Variation in the Corn Ethanol Output of China in 2008
- 3.2.4 Variation in China's Corn Ethanol Trade in 2008
- 3.2.5 Prospect Development for China's Ethanol Industry in 2009
- 3.3 Analysis of China's Corn Starch Market in 2008
- 3.3.1 Characteristics of Corn Starch Demand in China
- 3.3.2 Distribution of China's Corn Starch Production
- 3.3.3 Variation in the Corn Starch Output of China in 2008
- 3.3.4 Variation in Price of China's Corn Starch in 2008
- 3.3.5 Variation in China's Corn Starch Trade in 2008
- 3.3.6 Prospect Development for China's Corn Starch Industry in 2009
- 3.4 Analysis of China's Corn Starch Sugar Market in 2008
- 3.4.1 Characteristics of China's Starch Sugar demand
- 3.4.2 Distribution of China's Starch Sugar Production
- 3.4.3 Variation in China's Corn Starch Sugar Production
- 3.4.4 Variation in China's Corn Starch Sugar Trade in 2008
- 3.4.5 Prospect Development for China's Corn Starch Sugar Industry in 2009
- 3.5 Analysis of China's Disnatured Corn Starch Market in 2008
- 3.5.1 Characteristics of Disnatured Starch Demand in China
- 3.5.2 Distribution of China's Disnatured Corn Starch Production
- 3.5.3 Variation in China's Disnatured Starch Production in 2008
- 3.5.4 Variation in China's Disnatured Starch Trade in 2008
- 3.5.5 Prospect Development for China's Disnatured Starch Industry in 2009
- 3.6 Analysis of China's Corn Monosodium Glutamate Market in 2008
- 3.6.1 Characteristics of China's Corn Monosodium Glutamate Products
- 3.6.2 Distribution of China's Corn Monosodium Glutamate Production
- 3.6.3 Characteristics of China's Corn Monosodium Glutamate Production in 2008
- 3.6.4 Variation in China's Monosodium Glutamate Trade in 2008
- 3.6.5 Prospect Development for China's Monosodium Glutamate Industry in 2009
- 3.7 Analysis of China's Lysine Market in 2008
- 3.7.1 Characteristics of China's Lysine Products
- 3.7.2 Distribution of Output in China's Lysine Production
- 3.7.3 Variation in China's Lysine Production in 2008
- 3.7.4 Variation in China's Lysine Trade in 2008
- 3.7.5 Variation in China's Lysine Prices in 2008
- 3.7.6 Prospect Development for China's Lysine Industry in 2009
- 3.8 Analysis of China's Citric Acid Market in 2008
- 3.8.1 Characteristics of Citric Acid Demand in China
- 3.8.2 Distribution of Output in China's Citric acid Production
- 3.8.3 Variation in China's Citric Acid Production in 2008
- 3.8.4 Variation in China's Citric Acid Trade in 2008
- 3.8.5 Prospect Development for China's Citric Acid Industry in 2009
- 3.9 Significant Events in China's Corn Processing Industry in 2008
Part Four: Overall Conditions of China's animal husbandry Feed Industry and Variation in China's Corn Feed Demand
- 4.1 Development of China's animal husbandry Industry in 2008
- 4.1.1 Overall Conditions of China's Livestock Industry in 2008 and Prospect Development in 2009
- 4.1.2 Variation in China's Live Hog Production in 2008
- 4.1.3 Variation in China's Meat Poultry Production in 2008
- 4.1.4 Variation in China's Egg Poultry Production in 2008
- 4.1.5 Variation in Corn Demand in China's Animal Husbandry
- 4.2 Development of China's Industrial Feed Production in 2008
- 4.2.1 Variation in the Output of Industrial feed in China in 2008
- 4.2.2 Variation in Product Structure of China's Industrial Feed in 2008
- 4.2.3 Variation in Prices of China's Industrial Feed in 2008
- 4.2.4 Variation in Operating Profits of China's Feed Industry in 2008
Part Five: Analysis of the Supply-Demand Equilibrium of China's Corn in 2008 and Prospects of Supply-Demand in 2009
- 5.1 Analysis of the Supply-Demand Equilibrium of China's Corn in 2007/2008
- 5.2 Prospects of the Supply-Demand Equilibrium of China's Corn in 2008/2009
- 5.3 Prospects of the Supply-Demand Equilibrium of China's Corn From 2010 to 2020
Part Six: Variation in Market Prices of China's Corn in 2008
- 6.1 Variation in Market Prices of China's Corn Stock
- 6.1.1 Characteristics of Government Guiding in the Domestic Corn Market
- 6.1.2 Variation in Market Prices of Major Domestic Corn Producing Areas
- 6.1.3 Variation in Market Prices of Major Domestic Corn Purchasing Areas
- 6.1.4 Variation in Corn Prices of the Major Domestic Ports
- 6.1.5 Variation in Corn Purchasing Prices in the Processing Enterprise
- 6.2 Variation in Future Market Prices for Corn
- 6.2.1 Variation in Future Prices for CBOT's Corn
- 6.2.2 Variation in Future Prices for DCE's Corn
- 6.3 Analysis Between Corn Future Prices and Corn Stock Prices
- 6.4 Prospects of the Price Trend for China's Corn Stock in 2009
Attached Table
- Table1-1, Global Corn Supply-Demand Balance (02/03-08/09)
- Table1-2, Corn Planting Area in China By Region (2003-2008)
- Table1-3, Total Output of China's Corn By Region (2003-2008)
- Table1-4, Yield Per Unit Area of China's Corn By Region (2003-2008)
- Table1-5, Variation in Planting Costs and Benefits of China's Corn (2003-2007)
- Table1-6, Comparison of Costs and Benefits of Soybean, Corn, Rice and Wheat Production in Heilongjiang Province (2003-2007)
- Table1-7, Comparison of Costs and Benefits of Soybean, Corn, Rice and Wheat Production in Jilin Province (2003-2007)
- Table1-8, Comparison of Costs and Benefits of Soybean, Corn, Rice and Wheat Production in Liaoning Province (2003-2007)
- Table1-9, Comparison of Costs and Benefits of Soybean, Corn, Rice and Wheat Production in Inner Mongolia Province (2003-2007)
- Table1-10, Comparison of Costs and Benefits of Soybean, Corn, Peanut and Cotton Production in Shangdong Province (2003-2007)
- Table1-11, Comparison of Costs and Benefits of Soybean, Corn, Peanut and Cotton Production in Hebei Province (2003-2007)
- Table1-12, Comparison of Costs and Benefits of Soybean, Corn, Peanut and Cotton Production in Henan Province (2003-2007)
- Table1-13, Comparison of Costs and Benefits in the Major Corn Producing Areas (2003-2007)
- Table2-1, Variation in Export of China's Corn By Month (2005-2008)
- Table2-2, Export Amount and Share of the Main Corn Producing Enterprises in China
- Table3-1, Main Corn Ethanol Production Enterprises in China and their Output
- Table3-2, Main Corn Starch Production Enterprises in China and their Output
- Table3-3, Main Starch Sugar Production Enterprises in China and their Output
- Table3-4, Main Corn Monosodium Glutamate Production Enterprises in China and their Output
- Table3-5, Main Lysine Production Enterprises in China and their Output
- Table3-6, Main Citric Acid Production Enterprises in China and their Output
- Table4-1, Output of China's Industrial Feed By Region (2003-2008)
- Table4-2, Output of China' s Wholesome Feed By Region (2003-2008)
- Table4-3, Output of China' s Live Hog Wholesome Feed By Region (2003-2008)
- Table4-4, Output of China' s Meat Poultry Wholesome Feed By Region (2003-2008)
- Table4-5, Output of China' s Egg Poultry Wholesome Feed By Region (2003-2008)
- Table4-6, Output of China's Concentrated Feed By Region (2003-2008)
- Table4-7, Output of China' s Live Hog Concentrated Feed By Region (2003-2008)
- Table4-8, Output of China' s Meat Poultry Concentrated Feed By Region (2003-2008)
- Table4-9, Output of China' s Egg Poultry Concentrated Feed By Region (2003-2008)
- Table4-10, Output of China' s Additive Premix By Region (2003-2008)
- Table5-1, Balance of Corn Supply-Demand in China (2001/02-2009/10)
Appendix
Figure Contents
- Figure1-1, Distribution of Global Corn Production
- Figure1-2, Proportion of the Total Output of Main Corn Producing Countries in the World (2006-2008 On Average)
- Figure1-3, Variation in Global Corn Output (1962-2008)
- Figure1-4, Remaining Inventory and Proportion of Remaining Inventory in Consumption of Global Corn (02/03-07/08)
- Figure1-5, Variation in Price Index of CBOT Corn (2007.01-2008.12)
- Figure1-6, Export Pattern of Global Corn
- Figure1-7, Variation in Import and Export of Corn in China (1990-2008)
- Figure1-8, Distribution of China's Corn Production
- Figure1-9, Variation in Corn Sowing Areas in China (1979-2008)
- Figure1-10, Variation in Yield Per Unit Area of Corn in China (1979-2008)
- Figure1-11, Variation in Total Production of Corn in China (1979-2008)
- Figure1-12, Variation in Costs and Benefits of Corn Planting in China (2003-2007)
- Figure2-1, Variation in Monthly Export of Corn in China (2005-2008)
- Figure2-2, Variation in FOB Price for Corn Export in China (2005-2008)
- Figure2-3, Export Destinations for China's Corn in 2008
- Figure2-4, Main Export Provinces for China's Corn in 2008
- Figure2-5, Variation in Monthly Import of Corn in China (2007-2008)
- Figure2-6, Original Main Corn Import Countries in China in 2008
- Figure3-1, Variation in Consumption and Consumption Proportion of Industrial Corn in China (1998-2008)
- Figure3-2, Structure of Ethanol Products in China
- Figure3-3, Distribution of Corn Ethanol Production in China
- Figure3-4, Distribution of Corn Ethanol Enterprises in China
- Figure3-5, Variation in Total Production of Corn Ethanol and Fuel Ethanol in China (1997-2008)
- Figure3-6, Variation in Ethanol Export in China (1997-2008.05)
- Figure3-7, Starch Supply Structure in China
- Figure3-8, Distribution of Starch Production in Larger Scale Enterprises in China by Province
- Figure3-9, Variation in Starch Output in China (1997-2008)
- Figure3-10, Variation in China's Monthly Corn Starch Prices (2007.01-2008.12)
- Figure3-11, Variation in Import and Export of Corn Starch in China (1997-2007)
- Figure3-12, The Structure of Starch Sugar Products in China in 2007
- Figure3-13, Starch Sugar Supply Structure in China in 2007
- Figure3-14, Distribution of Starch Sugar Production in Relatively Large Scale Enterprises in China by Province
- Figure3-15, Distribution of the Main Starch Sugar Producing Enterprises in China
- Figure3-16, Variation in Output of Starch Sugar in China (1997-2008)
- Figure3-17, Variation in Total Import and Export Amounts of Starch Sugar in China (2001-2008)
- Figure3-18, Distribution of Output of Disnatured Starch By Province
- Figure3-19, Distribution of Main Disnatured Starch Producing Enterprises in China
- Figure3-20, Variation in Output of Disnatured Starch in China (1997-2008)
- Figure3-21, Variation in Import and Export of Disnatured Corn Starch in China (1997-2008)
- Figure3-22, Distribution of Output of Corn Monosodium Glutamate By Province
- Figure3-23, Distribution of Main Monosodium Glutamate Producing Enterprises in China
- Figure3-24, Variation in Output of Monosodium Glutamate in China (1997-2008)
- Figure3-25, Variation in Import and Export of Monosodium Glutamate in China (1997-2008)
- Figure3-26, Process Sketches for Lysine Hydrochloride Production
- Figure3-27, Distribution of Output of Lysine in China by Province
- Figure3-28, Distribution of Main Lysine Producing Enterprises in China
- Figure3-29, Variation in Output of Lysine in China (2000-2008)
- Figure3-30, Variation in Import and Export of Lysine in China (1996-2008)
- Figure3-31, Variation in Lysine Prices in China (2007-2008)
- Figure3-32, The Structure of Demand for Citric Acid in China in 2008
- Figure3-33, Distribution of Output of Citric acid in China by Province
- Figure3-34, Distribution of Main Citric acid Producing Enterprises in China
- Figure3-35, Variation in Output of Citric acid in China (1997-2008)
- Figure3-36, Variation in Import and Export of Citric acid in China (1997-2008)
- Figure4-1, Distribution of Live Hog Production Areas in China in 2008
- Figure4-2, Variation in Live Hog Stock in China (1997-2008)
- Figure4-3, Variation in Feeder Pig and Young Pig Prices in China (2007-2008)
- Figure4-4, Practical Benefits of Live Hog Production in China, Henan and Guangdong (Purchasing young hogs)
- Figure4-5, Practical Benefits of Live Hog Production in China , Henan and Guangdong (Self contained)
- Figure4-6, Distribution of Meat Poultry Production Areas in China
- Figure4-7, Variation in Output of Poultry Meat in China (1996-2008)
- Figure4-8, Variation in Average Price for Broiler and chicks in China in 2008
- Figure4-9, Variation in Average Benefits of Broliers Production in the Major Producing Areas, Shangdong and Henan
- Figure4-10, Distribution of Egg Poultry Production Areas in China
- Figure4-11, Variation in Output of Eggs in China (1996-2008)
- Figure4-12, Variation in China's Egg Prices in Hebei, Henan and Shanghai in 2008
- Figure4-13, Variation in Benefits of China's Egg Chicken Production in Hebei, Henan and Shanghai in 2008
- Figure4-14, Variation in Output of Industrial Feed in China (1996-2008)
- Figure4-15, Variation in China's Monthly Output of Feed in Relatively Large Scale Enterprises in 2008
- Figure4-16, Variation in Output of Compound Feed in China (1996-2008)
- Figure4-17, Variation in Output of Compound Feed for Live Hog in China (1996-2008)
- Figure4-18, Variation in Output of Compound Feed for Meat Poultry in China (1996-2008)
- Figure4-19, Variation in Output of Compound Feed for Egg Poultry in China (1996-2008)
- Figure4-20, Variation in Output of Aquatic Compound Feed in China (1996-2008)
- Figure4-21, Variation in Output Of Concentrated Feed in China (1996-2008)
- Figure4-22, Structure of Concentrated Feed Products in China in 2008
- Figure4-23, Variation in Output of Concentrated Feed for Live Hogs, Meat Poultry, Egg Poultry and Ruminants in China (2001-2008)
- Figure4-24, Variation in Output of Additive Premix in China (2001-2008)
- Figure4-25, Structure of Additive Premix Products in China in 2008
- Figure4-26, Variation in Output of Feed Additive Premix for Live Hogs, Meat Poultry, Egg Poultry, and Ruminants in China (2001-2008)
- Figure4-27, Variation in the Structure of Industrial Feed Products in China (1996-2008)
- Figure4-28, Variation in Price of Wholesome Feed for Feeder Pigs, Broliers and Egg Chickens in China (2006-2008)
- Figure4-29, Variation in Monthly Profits from Compound Feed for Live Hogs, Broilers and Egg Chickens in the Feed Industry in 2008
- Figure6-1, The Total Trade Turnover and Closed Prices of Temporary Corn Reserves in China in 2008
- Figure6-2, Variation in Average Prices for Major Corn Producing Areas in China (2007-2008)
- Figure6-3, Comparison between Variation in Corn Prices and Soybean Prices (2007-2008)
- Figure6-4, Variation in the Parity Rate for Corn and Soybean (2007-2008)
- Figure6-5, Variation in Average Prices for Major Corn Producing Areas in China