Agriculture

Food to drive inflation above target

Speculative capital flowing into a range of agricultural products and falling output following a run of bad weather is set to continue driving up food prices.

Is inflation under further pressure from the enduring drought?

Supply shortages have driven up the price of rice by 30% in Chongqing in recent weeks.

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.

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29 July

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