Agriculture

China's farm imports outpace exports

Trade deficit in farm goods to continue to grow in China over the next five years as imports outpace exports.

Three snapshots

While margins at processed meat processors Delisi and Shanghai Dajiang are struggling under rising raw meat and pig prices, Zhangzidao Fishery is benefitting from demand for its upscale seafood.

Wuhan Zhongbai (000759:SZ)

Although Zhongbai continues to struggle outside of its home Hubei, inflation should support sound revenue growth in 2010.

Food inflation: Winners and Losers

Inflation in the price of many farm products is no small deal in a country with 721m rural citizens.

Yurun (1068:HKG)

The meat processor's mix of both low and high-end products gives the company more leverage to defend against pork inflation.

Sanquan Foods (002216:SZ)

The frozen-food manufacturer may see profits eroded by rising raw material costs.

Tingyi (0322:HKG)

Tingyi's recent success with beverages may help offset margin declines seen currently in its noodle business.

Zhongpin (HOGS:Nasdaq)

The fresh pork specialist is set to benefit from pig price inflation.

Farmers do better than urban 'mortgage slaves'

This year, Beijing will continue to push preferential policies for farmers while trying to stabilise property prices in major cities.

Food inflation to surge

No economic trend in China is more important than inflation, as we have been saying since July last year (CC July 9th Big Call). If Beijing fails to control it, it may have to slam on the monetary brakes later this year, potentially precipitating a 'hard landing' for the economy.

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04 March

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