Food Industry’s Boom Index Moved Up in June in China

By CnAgri2012-08-08 11:17:01 Print

The catering industry scored a retail value of RMB187.7 billion in June and the nation’s grain and vegoil retail value added up to RMB98.9 billion, up 13.2% and 16.8% respectively on the year-on-year basis. Adjusting for price, their increase rates were 9.06% and 13.18% respectively. Food sales accounted for 17.28% of the nation’s total commodity retail value, up 0.3% on the year-on-year basis.

Of the nation’s top 1,000 large commercial enterprises’ sales in June, food sales grew 11% on the year-on-year basis and restaurants’ sales grew 5.6%. Adjusting for price, their increase rates were 7.04% and 1.9%.

On the whole, the food industry’s sales went up 7.79% in the first half of this year on the year-on-year basis.

The farm-product-processing industry and the food-making industry realized an increase of added value by 12.3% and 10.6% respectively in June on the year-on-year basis. Adjusting for price, their increase rates were 10.86% and 9.18% respectively.

RMB81.473 billion investment was poured into the farm-product-processing industry in June, RMB37.35 billion into the food-making industry and RMB56.61 billion into the hotel and restaurant industry, up 33.11%, 21.7% and 28.91% respectively on the year-on-year basis. The above investment jointly accounted for 4.1% of the nation’s total investment in June. Adjusting for inflation, the investment in these industries increased 35.21%, 23.8% and 31% respectively.

The grain-processing industry’s profit ratio was 10.93% in June, slightly more than the previous month. Specifically, the production of flour, japonica, indica, starch and ethanol generated a profit of 10.73%, 13.61%, 12.53%, 5.97% and 2.46% respectively.

Thanks to the drop of oil price, flour and rice shipment generated a gross profit of 17.57% and 12.23% respectively in June.

Taking into account of food consumption, investment in the food industry, the food industry’s production and profit ratio, the boom index for the food industry was 11.84 in June, moderately higher than the month before.

From "China Grains Market Weekly Report"