Several factors combined suggest a positive outlook for China’s wheat imports in coming years.
The China Confidential Rural Wealth Index (CCRWI) rebounded to 52.1 in March, up from 50.1 in February, thanks to a big push on land transfers, helped by regional government initiatives to encourage larger-scale farms.
Genuine organic farming businesses are booming in China, attracting portfolio and private-equity investors.
The China Confidential Rural Wealth Index (CCRWI) fell to 50.1 in February, down from 53.4 in January, due to a (largely seasonal) deterioration in vehicle sales and a fall back in pig prices. Better news came in the form of a solid 22.4% YoY increase in lending to the grain sector, which looks set to be increased further in 2013.
The China Confidential Rural Wealth Creation Index (CCRWI) slipped to 53.4 in January, down from 54.8 in December. Nevertheless, the index remained comfortably above the 50 point threshold, signifying that the expansion in rural economic activity and consumer demand is set to continue.
An increase in land transfers and strong machinery sales helped to lift the China Confidential Rural Wealth Index (CCRWI) to 54.8 in December, up from 54.4 in November.
Unusually cold weather, combined with a traditional Chinese New Year spike in pork demand, has sent China’s pig and pork prices higher by a bigger margin than many industry analysts predicted.
Rural wealth creation should remain robust in 2013, but obstacles remain, particularly the lack of grassroots rural finance and stalled land reforms
The China Confidential Rural Wealth Index rose to 54.4 in November, up from 53.4 in October, as pork prices recovered and rural machinery sales were strong.
China’s dairy imports look set to reach a record high in 2012, surpassing 1m tonnes, thanks in particular to demand for milk powder. Total dairy imports rose 28% YoY to 844,000 in the first eight months of 2012, according to data published by the China Dairy Association (CDA). Imports were up 26.2% in value terms, to $2.97bn. Imports are being driven by continued distrust of local dairy products, as well as demand for infant formula thanks to a baby boom during the auspicious Year of the Dragon.
Renminbi Compass, a new research service launched by the FT, aims to act as a navigational guide through the expanding universe of renminbi asset classes. With the Chinese currency gaining ever-wider acceptance around the world and Beijing taking steps to open its capital account, we are broadening our research coverage to include not only equity funds but also all other important renminbi asset classes, such as chengtou bonds, dim sum bonds, real estate, trust products, underground banking, art, antiques and several others.