Corn Processing Industrial Overview

Industry Overview 2010 Annual Review of Corn Products Industry China’s corn products industry not only faced great challenges but also enjoyed great opportunities in 2010, for the high cost of raw materials, international and global inflation, government’s stricter supervision, as well as recovery of downstream market. Some corn products manufacturers have to restrain their production or even shut down their plants because of high manufacturing cost; some ones are eliminated by the government due to high pollution and high energy consumption; however, some ones can win great profit by dint of the inflation and brisk market.

Corn, as the most important raw material of corn products, always attracts much attention. And “price increase”, is the major words to describe its performance in 2010. Although the government executes a series of policies to curb the price surge of corn, it still climbs up continuously. Corn price increases by 15.3% averagely during the whole year, which pushes up corn products’ price by 12% of averagely.

At the same time, the generally good local economic environment and strong prospect for the food and beverage industry also support the price increase of corn products. China achieved 10.6% GDP growth rate in the first three quarters of 2010, compared with 8.9% in the corresponding time of last year, and it’s expected that it can average at 10% for the whole year. Food sales value achieved USD677.45 billion in the first nine months, up 26% over the corresponding period of last year, and it’s estimated that … View more at the website http://www.cnchemicals.com/Report/ReportMin.aspx?rptid=586