Guangzhou, Guangdong -- (SBWIRE) -- 06/29/2011 -- The release of Standards for Uses of Food Additives has little impact on corn products, according to CCM’s June issue of Corn Products China News.
Food safety problem has been raised to the top issue and food additive has become the spotlight nowadays, as more food additive scandals are exposed to the public in recent years.
As a result, the Chinese government issued new Standards for Uses of Food Additives, taking effect on 20 June 2011, to strengthen the supervision of food industry.
The standards are believed to have little impact on corn product industry in the near future, because regulations on corn products have small changes compared with the previous edition.
Besides, the significant increase in corn price since 2010 has imposed much impact on producers of corn products. Leading players, such as Global Sweeteners and Baolingbao have all witnessed decrease in gross profit margin in 2010 due to the tremendous rise of raw material cost. Currently, corn price still runs at a high level and this uptrend may keep growing throughout 2011, thus producers of corn products will still encounter a big challenge this year.
You may find more in the June issue of Corn Products China News:
-In April 2011, China's corn products witness a 111% rise in import volume but an 18% decline in export volume over March 2011.
-Price of corn starch in China has witnessed a downtrend since May 2011, mainly due to slack demand.
-Price of lysine in China has witnessed an uptrend since the end of April 2011.
-The average export price of Chinese Vitamin C kept stable in Jan.-April 2011 because there was a great amount of bargain priced Vitamin C in overseas market in early 2011.
-Xiwang Sugar recorded better performance in 2010 compared with Global Sweeteners and Baolingbao.
-Meihua Group plans to cooperate with Novozymes in research of using cellulosic material to produce amino acid products.
-Standards for Uses of Food Additives 2011 taking effect from 20 June 2011 may have little effect on some corn products.
-Northeast Pharmaceutical plans to raise non-public funds of USD362 million mainly for its VC production line’s technological upgrade and relocation.
-Shandong Longlive’s IPO for its expansion was approved by CSRC in May.
-DDGS price in China witnesses a slight uptrend in June 2011 and may keep increasing in next few months.
-Wheat is currently replacing corn in feed industry due to its lower price.
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