FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka


Submit PostSubmit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post



Latest topics

» Maldives records over 100,000 tourist arrivals in first 35 days of the year
by samaritan Today at 9:59 am

» A Strong bounce back of ASI is on the cards
by samaritan Today at 9:44 am

» Kind of behavior traders engage in when they are frustrated and want their money back from the market. Stock market for beginners
by lal62 Today at 7:40 am

» Many positives for Next week
by madukp Today at 3:22 am

» EXPO EXPO EXPO
by Gowri123 Today at 12:35 am

» GLAS will be winner with Super Gain.
by Eranga87 Yesterday at 9:50 pm

» still I believe this
by 100Bill Yesterday at 9:21 pm

» SUNSHINE HOLDINGS PLC (SUN.N0000)
by ErangaDS Yesterday at 8:19 pm

» Investor sentiment - will there ever be a recovery?
by xhunter Yesterday at 7:49 pm

» Let's have a stop-loss strategy to maximize investment returns in stock market
by EquityChamp Yesterday at 7:19 pm

» Daily Foreign Transactions
by Pradeep90 Yesterday at 6:56 pm

» Norway -> biggest shareholder of NDB
by Bakkabwoi Yesterday at 6:42 pm

» DIPD/HAYC/HAYL
by samaritan Yesterday at 5:41 pm

» කොටස් මිල දී ගන්න මෙය හොඳම කාලයයි – රාජ්‍ය අමාත්‍ය කබ්රාල්
by samaritan Yesterday at 5:07 pm

» IS it right time to stick to warren buffett's most famous saying ???
by Mr. X Yesterday at 4:02 pm

» CSE - The World's best performer!
by Vishwanarth Yesterday at 2:42 pm

» Best Broker
by Wickyz Yesterday at 2:32 pm

» Game Changed! SUPER GREEN
by Karthick Yesterday at 12:24 pm

» Blue Diamond
by thavam_Eu Yesterday at 12:07 pm

» GALORE OF GOOD NEWS TO THE CSE
by Bakkabwoi Yesterday at 11:58 am

EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

CHRONICLE™ NEWS PRODUCTS

FINANCIAL CHRONICLE™

Views & Reviews, Analysis, Evaluations, Discussions, Gossip and Hot Tips relating to Sri Lankan companies listed on the Colombo Stock Exchange (CSE)
Contribute




DAILY CHRONICLE™

Latest news and articles published in Newspapers, Websites, Blogs and other online news sites relating to business and investments in Sri Lanka
Contribute



ECONOMIC CHRONICLE™

This is a section that provide news, views, analysis, predications relating to Political and Socio-Economic factors and how such activities affect the Stock Market and other economic activity of the Country.

Contribute




EXPERT CHRONICLE™

This is an exclusive section for Expert Articles which will help member to share knowledge through comments and responses of the members. All members are allowed to reply and make comments to these articles.

Contribute


Submit Post


CHRONICLE™ YouTube

Youtube Videos and other visual presentations relating Stock market and other investment advise submitted by members or other contributors.

Contribute


Submit Post


කොළඔ කොටස් වෙළඳපොළේ වංශකථාව
කොළඔ කොටස් වෙළඳපොළේ ලැයිස්තුගත සමාගම් කොටස් ගැන තොරතුරු¸විශ්ලේෂණ¸සාකච්ඡා¸ කටකතා¸රසකතා යන සියල්ල අපේම සිංහලෙන් කතා කළ හැකි ‘කතා මණ්ඩපය’

Contribute

Twitter Feeds
POPULAR COMPANIES
A

ABANS ELECTRICALS PLC

ACCESS ENGINEERING PLC Hot

ACL CABLES PLC

ACL PLASTICS PLC

ACME PRINTING & PACKAGING PLC

AGSTAR PLC

AITKEN SPENCE HOTEL HOLDINGS PLC

AITKEN SPENCE PLC

ANILANA HOTELS AND PROPERTIES PLC

ARPICO INSURANCE PLC

ASIA ASSET FINANCE PLC

ASIA CAPITAL PLC

B

BAIRAHA FARMS PLC

BALANGODA PLANTATIONS PLC

BIMPUTH FINANCE PLC

BLUE DIAMONDS JEWELLERY WORLDWIDE PLC

B P P L HOLDINGS PLC

BROWNS BEACH HOTELS PLC

BROWNS INVESTMENTS PLC

C

CARGO BOAT DEVELOPMENT COMPANY PLC

CENTRAL INDUSTRIES PLC

CEYLON COLD STORES PLC

CEYLON GRAIN ELEVATORS PLC Hot

CEYLON TEA BROKERS PLC

CEYLON TOBACCO COMPANY PLC

CHEVRON LUBRICANTS LANKA PLC

COLOMBO FORT LAND & BUILDING PLC

COMMERCIAL BANK OF CEYLON PLC

CITRUS LEISURE PLC Hot

COMMERCIAL CREDIT AND FINANCE PLC

D

DANKOTUWA PORCELAIN PLC

DFCC BANK PLC

DIALOG AXIATA PLC

DIALOG FINANCE PLC

DIPPED PRODUCTS PLC

DISTILLERIES COMPANY OF SRI LANKA PLC

DUNAMIS CAPITAL PLC

E

EAST WEST PROPERTIES PLC Hot

EASTERN MERCHANTS PLC

EXPOLANKA HOLDINGS PLC

E-CHANNELLING PLC

F

FIRST CAPITAL HOLDINGS PLC

G

GALADARI HOTELS (LANKA) PLC

GUARDIAN CAPITAL PARTNERS PLC

H

HATTON NATIONAL BANK PLC

HAYLEYS PLC

HAYLEYS FABRIC PLC

HAYLEYS FIBRE PLC Hot

HEMAS HOLDINGS PLC

HIKKADUWA BEACH RESORT PLC

HNB ASSURANCE PLC

HVA FOODS PLC

J

JANASHAKTHI INSURANCE COMPANY PLC

JOHN KEELLS HOLDINGS PLC Hot

JOHN KEELLS HOTELS PLC

L

LANKA ASHOK LEYLAND PLC

LANKA IOC PLC

LANKEM CEYLON PLC

LANKEM DEVELOPMENTS PLC

LAUGFS GAS PLC

LAUGFS POWER LIMITED

LOLC FINANCE PLC

LOLC HOLDINGS PLC

LUCKY LANKA MILK PROCESSING COMPANY PLC

M

MELSTACORP PLC

N

NATIONAL DEVELOPMENT BANK PLC

NATION LANKA FINANCE PLC

NESTLE LANKA PLC

O

ORIENT FINANCE PLC

OVERSEAS REALTY (CEYLON) PLC

P

PANASIAN POWER PLC

PEOPLE'S LEASING & FINANCE PLC

PIRAMAL GLASS CEYLON PLC

PRIME FINANCE PLC

R

RAIGAM WAYAMBA SALTERNS PLC

RENUKA AGRI FOODS PLC

RENUKA CAPITAL PLC

RENUKA HOLDINGS PLC

RICHARD PIERIS AND COMPANY PLC

RICHARD PIERIS EXPORTS PLC Hot

ROYAL CERAMICS PLC

S

SAMPATH BANK PLC

SEYLAN BANK PLC

SIERRA CABLES PLC

SINGHE HOSPITALS PLC Hot

SMB LEASING PLC

SOFTLOGIC HOLDINGS PLC

SOFTLOGIC LIFE INSURANCE PLC

SRI LANKA TELECOM PLC

SWISSTEK (CEYLON) PLC Hot

T

TEEJAY LANKA PLC

TESS AGRO PLC

THREE ACRE FARMS PLC

TOKYO CEMENT COMPANY (LANKA) PLC Hot

U

UNION BANK OF COLOMBO PLC

V

VALLIBEL FINANCE PLC

VALLIBEL ONE PLC Hot

VALLIBEL POWER ERATHNA PLC

W

WASKADUWA BEACH RESORT PLC


You are not connected. Please login or register

FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Overseas meat suppliers struggle to keep up with rising Chinese demand

Overseas meat suppliers struggle to keep up with rising Chinese demand

Go down  Message [Page 1 of 1]

MARKETWATCH2


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
http://www.scmp.com/business/china-business/article/1424880/overseas-meat-suppliers-struggle-keep-rising-chinese-demand
Overseas meat suppliers struggle to keep up with rising Chinese demand

Consolidation in China's meat industry is set to continue.

In 2013 Sophie Wang had one of her best years yet. Arranging the export of 45,000 live cows to China, her firm accounted for over half of Australia’s cattle livestock sales to the mainland and helped feed a growing hunger for meat, milk and infant formula products in the world’s most populous country.

The managing director of Landmark Global Exports, an Australian livestock export handling company, she wishes she could sell more. “It is not because demand is not there, it is because supply is not there,” said Wang.

Amid steady urbanisation and rising wealth, a healthy appetite for meat and dairy products from Chinese households is a boon for global livestock breeders looking for new markets.

Underpinning this trade has been a dramatic change in the Chinese diet. According to the country’s National Bureau of Statistics, per capita meat consumption has doubled while per capita dairy consumption has trebled in the past three decades.

Demand for meat is now expected to level off at 2 per cent annual growth though prices will increase at 10 per cent per annum over the next decade as a desire for safer, premium meat continues to grow, wrote analysts at Netherlands-based Rabobank in a research report.

Like most countries, China relies on imports for some of its food products. Animal products and livestock imports from the European Union last year totalled US$2.8 billion, having more than doubled in three years, according to the National Bureau of Statistics. Imports from Australia trebled during the same time to US$1.6 billion.

Data from Statistics New Zealand show 25,000 cattle worth NZ$63 million (HK$403 million) were exported to China in 2011. In 2012 it was 38,282 head of cattle, costing over NZ$100 million.

“The mining boom that has been occurring for many years in Australia is now being joined by what I call the dining boom,” said David Thorn, global head of consumer sectors at National Australia Bank. One of the largest lenders of credit to Australian agribusinesses, NAB is expanding its trade finance operations to support the regional movement of agricultural commodities.

With widespread concerns about the quality of locally produced meat, worried consumers have spurred sales of imported meat products from around the world, though only Australia, New Zealand and Uruguay are currently permitted to export live cattle to China. Last year, China accounted for a third of Uruguayan beef exports, reports the US Meat Export Federation. Also last year, China expanded this list by signing an agreement with Romania to import half a million cattle and three million pigs over the coming years.

According to Ngoh Seng Keong, a China desk manager at Singapore-based agricultural research company eFeedLink, China also imports pedigree pigs for breeding from Europe, the US and South America.

The interest in importing live animals also reflects a wider economic shift away from smaller backyard farms towards larger co-operatives and agribusinesses where economies of scale and access to credit allow farmers to invest in higher quality breeds and modern facilities. The closure of family-run smaller farms is in line with government efforts to reduce disease outbreaks and associated health scares.

Larger agricultural firms like listed Muyuan Foodstuff and Jiangxi Zhengbang Technology have over 500,000 pigs each. Others, including state-owned Cofco, have farms with over 100,000 swine.

“The game plan is for the bigger guys to get bigger. The guy with the five pigs and the ten chickens is going to disappear,” says Paul Chen, managing director of food and agricultural research, Asia, at Rabobank. Chen points to November’s economic plenum, which identified reforms allowing farmers to both transfer land rights and take out loans against their land rights as important steps towards greater consolidation.

According to a Rabobank report, in 2012 small farms produced 37 per cent of pigs compared with 74 per cent in 2001, while the number of co-operatives rose from 74,000 in 2008 to 689,000 in 2012.

The bigger companies are also expanding beyond breeding and into slaughtering and supply chain management as part of a strategy to monitor meat movement from farm to food plate by building trustworthy brands to restore consumer confidence on the mainland. One example is restaurant notices aimed at reassuring diners about the food supplier.

The impact of consolidation is felt beyond the farm. Part of a wider shift to mechanisation and more hygienic practices, hand slaughtering is being phased out, with the number of licensed slaughterhouses falling from 30,000 in 2006 to 10,000 in 2012. By 2020 the number is projected to be 2,000, says Rabobank.

Analysts expect the agribusiness transformation will continue for two more decades.

In Australia, Wang says, the overwhelming majority of livestock exports are dairy cattle. Wang organises only one to two boatloads of beef cattle each year. She is held back from further trade only by the supply constraints of Australian farmers who on average raise 200 to 300 head of cattle a herd.

It is too small a number to meet Chinese demand and farmers are loathe to spend money on expanding their herds given a spate of recent droughts and unpredictable weather that killed a lot of livestock, said Wang.

She said she has wondered why people are not breeding more given the opportunity. “Australia only has 1.5 million head of dairy cattle … It’s impossible for us to get the hundreds of thousands [for export] as there are just not enough cows.”

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum